Technology sourcing ambidexterity in corporate venture capital: limitations of learning from open innovation

Sergey Alexander Anokhin, Manuel Hess, Joakim Wincent*

*Corresponding author for this work

Research output: Contribution to journalArticleScientificpeer-review

1 Citation (Scopus)

Abstract

In the rapidly evolving landscape of open innovation, understanding the dynamics of learning is pivotal for corporate success. Yet, the constraints and thresholds inherent in the novel technology sourcing processes remain under-explored. We study 163 firms during the third wave of corporate venture capital activity characterized by the primary focus on innovation to investigate the effects of technology sourcing ambidexterity (the simultaneous pursuit of internal and external sources of innovative ideas) on corporate patenting and realized innovation. Acknowledging limitations of organizational learning, our results indicate the presence of the inverted U-shaped relationship between technology sourcing ambidexterity and innovation and suggest that beyond a certain threshold, increases in ambidexterity are detrimental to organizational learning and corporate innovation because boundary conditions to experimentation as a key element to learning arise. Such restrictions are alleviated by organizational slack, which enhances organizational abilities to orchestrate resources and take calculated risks to go beyond existing internal competencies.

Original languageEnglish
Peer-reviewed scientific journalSmall Business Economics
ISSN0921-898X
DOIs
Publication statusPublished - 13.02.2024
MoE publication typeA1 Journal article - refereed

Keywords

  • 512 Business and Management
  • Corporate innovation
  • Corporate venture capital
  • Experimentation
  • Organizational learning
  • Slack resources
  • Technology sourcing ambidexterity

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