Internal corporate joint ventures: Development processes and performance outcomes

Strategic Management Journal - Tập 9 Số 6 - Trang 527-542 - 1988
Stephen M. Shortell1, Edward J. Zajac1
1J.L Kellogg Graduate School of Management, Northwestern University, Evanston, Illinois, U.S.A.

Tóm tắt

AbstractJoint venture activity and internal corporate venturing represent two administrative innovations receiving increased attention in strategic management research. This study investigates a new hybrid form of administrative innovation: internal corporate joint ventures, which combine the equity involvement typically found in joint ventures with the internal staffing of a semiautonomous unit typical of internal corporate ventures. Drawing on both a process model and a variance model, the structuring, development and performance of 53 such ventures in an industry‐specific setting is examined.

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