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      11 The most versatile practices are CVC, Accelerators and Incubators, Venture Clienting, and Events; they contribute to five out of six corporate goals. By contrast, Mentorship and Workspace are the most focused practices; companies use them to develop their business ecosystems, create social and envi- ronmental impact, and cultivate entrepreneurial cul- ture and capabilities internally. From the corporate objectives’ side, business ecosystems benefit from all eight practices. At the same time, companies man- age risk by using the four venturing programs, which often include mentorship, workspace, and events as activities. The diagram does not list “financial gains,” a well-understood default objective. Figure 2. Combining Venturing Practices in Pursuit of Corporate Objectives Risk Management Corporate Objectives Corporate Venture Capital Corporate Venturing Practices Market Expansion Accelerators & Incubators Access to New Technology Venture Building Develop Business Ecosystems Venture Clienting Social & Environmental Impact Mentorship Developing Entrepreneurial Culture & Capabilities Business Service Workspace Events Activities Programs

      When Goliath Needs David: Redefining Corporate Venturing - Page 11 When Goliath Needs David: Redefining Corporate Venturing Page 10 Page 12