A classification model of factors affecting application of corporate venture capital strategy: An Interpretive Structural Modeling approach
Subject Areas : Journal of Investment Knowledge
Hossein
Ghazanfari
1
(Ph.D. Candidate, Management & Economics Faculty, Tarbiat Modares University, Tehran, Iran)
Seyed Hamid
Khodadad Hosseini
2
(Professor, Management & Economics Faculty, Tarbiat Modares University, Tehran, Iran)
Asadolah
Kord Naeij
3
(Associate Professor, , Management & Economics Faculty, Tarbiat Modares University, Tehran, Iran)
Adel
Azar
4
(Professor, Management & Economics Faculty, Tarbiat Modares University, Tehran, Iran)
Keywords: Corporate Venture Capital, Interpretive Structural Modeli, Environmental turbulence, Competitive pressure, External venturing,
Abstract :
In many cases, Internal R&D cannot follow the changes in the organization’s turbulent environment with the sufficient pace. So the companies in such markets have to complete their internal R&D activities with external development strategies. Use of corporate venture capital as an external development strategy is growing among large Iranian companies. In this research, we are going to propose a classification model of factors affect the application of corporate venture capital strategy in Iranian companies. Data has been gathered through interview to experts and Literature review. Then factors have been Identified based on a content analysis. The built model in an ISM approach has been analyzed in a MICMAC.
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