IDEAS home Printed from https://ideas.repec.org/h/wsi/wschap/9789812790545_0021.html
   My bibliography  Save this book chapter

Key Elements for Incubating Radical Innovations Successfully

In: Management Of Technology Innovation And Value Creation Selected Papers from the 16th International Conference on Management of Technology

Author

Listed:
  • Chintan M. Shah

    (Department of Technology, Policy and Management (TPM), Delft University of Technology (TUD), Jaffalaan 5, 2628 BX Delft, The Netherlands and Product Development Engineer at Bluewater Energy Services BV, The Netherlands)

  • Marc A. Zegveld

    (Department of TPM, TUD, The Netherlands)

  • Leo Roodhart

    (Group GameChanger, Shell International, The Netherlands)

  • J. Roland Ortt

    (Department of TPM, TUD, The Netherlands)

Abstract

Corporate venturing is a widely accepted mechanism for incubating and developing radical innovations (RI) within large established firms. However, the results remain mixed. We present three elements for an effective corporate venturing (CV) based on a review of the academic literature, a thorough analysis of the successful venture capabilities of Shell, Nokia and IBM, and a study of some venturing initiatives that have been terminated. These three key elements are: carrying out a thorough necessity analysis, achieving clarity of objectives and creating the right ambiance for CV to thrive. We found that the likelihood of a CV initiative to be successful, and to survive, increase if companies are able to apply these three elements. Weakness in, or a lack of, one of these key elements will seriously affect the effectiveness of venturing in the long term.

Suggested Citation

  • Chintan M. Shah & Marc A. Zegveld & Leo Roodhart & J. Roland Ortt, 2008. "Key Elements for Incubating Radical Innovations Successfully," World Scientific Book Chapters, in: Mostafa Hashem Sherif & Tarek M Khalil (ed.), Management Of Technology Innovation And Value Creation Selected Papers from the 16th International Conference on Management of Technology, chapter 21, pages 341-357, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789812790545_0021
    as

    Download full text from publisher

    File URL: https://www.worldscientific.com/doi/pdf/10.1142/9789812790545_0021
    Download Restriction: Ebook Access is available upon purchase.
    File URL: https://www.worldscientific.com/doi/abs/10.1142/9789812790545_0021
    Download Restriction: Ebook Access is available upon purchase.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wsi:wschap:9789812790545_0021. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tai Tone Lim (email available below). General contact details of provider: http://www.worldscientific.com/page/worldscibooks .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.