The impact of entrepreneurial orientation and managerial resources on corporate venture outcomes
by Debra Riley, Stavros Kalafatis, Farideh Manoochehri
International Journal of Entrepreneurship and Innovation Management (IJEIM), Vol. 9, No. 3, 2009

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.

Online publication date: Thu, 14-May-2009

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