CVC Unit or CVC fund: what is the best structure for innovation
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2018-08-20
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en
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Abstract
This study is aimed at analyzing the differences of the CVC fund and the CVC unit. These structures have different effects on the innovation performance of the corporations. The research is focused on the automotive industry. The research is a inductive content analysis in which documents are studied. The study is focused on the following key aspects considering the CVC fund and the CVC unit: innovation, knowledge sharing, motivation, investments and structures. This research reveals differences in the structures and the effects it has on the innovation performance of the corporations. The research provides insights in the cases that are selected, the performed investment are identified according to Chesbrough (2002). This gives insight in the objective of the cases and the link to the operational capabilities of the ventures. Furthermore the motivation of the structures, especially after failure is a key aspect in this research (Eggers and Soh,2014). The focus and extra activities the CVC fund has regarding innovation and investing results in more risks and more failures than the CVC unit. It is discovered that in the circumstances of the cases these failures lead to a motivation to change and these changes lead to a better performance. The extra risks, activities, failures and motivation make sure the CVC funds have a better performance than the CVC units.
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Faculteit der Managementwetenschappen