Title: The impact of entrepreneurial orientation and managerial resources on corporate venture outcomes

Authors: Debra Riley, Stavros Kalafatis, Farideh Manoochehri

Addresses: Cardiff Business School, Cardiff University, Aberconway Building, Colum Drive, Cardiff, CF10 3EU, UK. ' Kingston Business School, Kingston University, Kenry House, Kingston-upon-Thames, KT2 7LB, UK. ' Kingston Business School, Kingston University, Kenry House, Kingston-upon-Thames, KT2 7LB, UK

Abstract: This study explores the impact of a firm|s Entrepreneurial Orientation (EO) and its managerial resources on Internal Corporate Venture (ICV) outcomes. The findings, based on a sample of 155 UK company directors, indicate that the autonomous behaviour and risk-taking of EO are significant determinants of ICV outcome while proactiveness and innovativeness are not. The direct and indirect (mediated through EO) impact of two dimensions of managerial resources, i.e., functional skills and managerial capabilities, on ICV outcome is significant. The results suggest that managerial capabilities will have a more positive impact on corporate venture outcomes than the firm|s entrepreneurial culture.

Keywords: corporate entrepreneurship; entrepreneurial orientation; managerial resources; ICVs; internal corporate ventures; UK; United Kingdom; autonomous behaviour; risk taking; proactiveness; innovativeness; functional skills; managerial capabilities; entrepreneurial culture.

DOI: 10.1504/IJEIM.2009.025142

International Journal of Entrepreneurship and Innovation Management, 2009 Vol.9 No.3, pp.242 - 266

Published online: 14 May 2009 *

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