Managing the Internal Corporate Venturing Process: Some Recommendations for Practice describes internal corporate venturing (ICV) as an important avenue for corporate growth and diversification that is difficult to manage. This describes major problems in the ICV process at three levels of management: group or venture leader, division management, and corporate management. Major problems of core processes fall into two arenas, definition and impetus. Recommendations are given for responsibilities of personnel in the effort to manage core process problems.
QUESTIONS
Regarding the ICV process, what is the vicious circle between the three levels of management in the definition process?
How can a New Venture Division be used more effectively?
Regarding ICV, what are problematic aspects of the core processes at each management level? Describe each of the six individually.
For the six core processes, which do you believe will be both easy to implement and effective? Explain your reasoning.
For the six core processes, which do you believe will be the most effective but difficult to implement? Explain your reasoning.