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Rebuilding business building
Corporate venturing has changed its stripes: where once new-venture units developed a number of unconnected entrepreneurial initiatives, they now operate closer to their parent companies. Helped by a combination of disciplines adopted from private equity firms and by tough-minded business-development skills, the new-venture units that large companies have launched during the past three years are producing results—and driving corporate growth initiatives.
The take-away: New-venture units have evolved from catchall centers of entrepreneurial activity into focused organizations that are realizing their potential for promoting and delivering growth.
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