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Solving for ‘X’: Understanding New Venture Units
Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
2021 (English)Doctoral thesis, comprehensive summary (Other academic)
Description
Abstract [en]

Innovation ‘labs’, ‘garages’ and ‘X’ units are proliferating in corporations across geographic and industry boundaries. However, semi-autonomous units poised to organize entrepreneurship within established corporations are not a novel phenomenon: such new venture units (NVUs) first appeared in the 1970s. Since then, they experienced multiple cycles of ebbing and flowing popularity and evolved considerably. Different generations of NVUs are products of their time and characterized by residual novelty. Prior research explores past generations of NVUs and typically takes the corporate venturing perspective as a starting point. This perspective presupposes a particular objective for these units: to add new business to and generate new revenue streams for their parent corporation. Less understood are contemporary NVUs, as well as whether and to what extent NVUs may, in fact, contribute to corporate entrepreneurship in other and novel ways. This thesis sets out to revisit and understand contemporary NVUs taking an organizational perspective, which examines the social stock of knowledge about current NVUs articulated in multimodal discourse. Drawing on novel theoretical and methodological ways of seeing, it explores what these units are and do, as well as what objectives they pursue. The findings suggest the following. First, NVUs do not, in fact, appear to be effective vehicles for creating and developing new ventures that survive within the parent corporation. Second, contemporary NVUs function as vehicles for corporate ideation that are tasked more explicitly than previous generations with exploratory activities, such as search, experimentation, and variation. Third, NVUs’ distinct culture, processes, and modus operandi are ends in and of themselves: contemporary NVUs serve as test sites for novel ways of working and nurture entrepreneurial innovation processes throughout the organization. Finally, the findings suggest that these units are a means to legitimate large, established corporations in business environments that are increasingly dynamic and face disruption by entrepreneurial startups. The thesis contributes to a more nuanced understanding of NVUs as part of a larger organizational system in which they create value through more than new business and revenue streams. In highlighting the broader and more strategic role of contemporary NVUs, it also helps explain the recurrent interest in these units that is counterintuitive from the corporate venturing perspective. NVUs attract interest today not despite their shortcomings as vehicles for corporate venturing, but because they can accommodate a new entrepreneurial way of working, which enables and signals the transformation of the organization, and, in so doing, they catalyze a broader process of becoming an entrepreneurial and innovative corporation.

Place, publisher, year, edition, pages
Uppsala: Department of Business Studies, Uppsala University , 2021. , p. 136
Series
Doctoral thesis / Företagsekonomiska institutionen, Uppsala universitet, ISSN 1103-8454 ; 209
Keywords [en]
Corporate Entrepreneurship; New Venture Units; Multimodal Analysis; Materiality/Visuality; Organizational Space
National Category
Business Administration
Research subject
Business Studies
Identifiers
URN: urn:nbn:se:uu:diva-456967ISBN: 978-91-506-2911-8 (print)OAI: oai:DiVA.org:uu-456967DiVA, id: diva2:1605948
Public defence
2021-12-16, Hörsal 2, Ekonomikum, Kyrkogårdsgatan 2, Uppsala, 13:15 (English)
Opponent
Supervisors
Available from: 2021-11-24 Created: 2021-10-26 Last updated: 2021-11-24
List of papers
1. Blessing or blight? New venture units and the survival of internal new ventures
Open this publication in new window or tab >>Blessing or blight? New venture units and the survival of internal new ventures
2019 (English)In: Academy of Management Annual Meeting Proceedings, ISSN 0065-0668, E-ISSN 2151-6561, Vol. 19, article id 10378Article in journal, Meeting abstract (Other academic) Published
Keywords
internal corporate venturing; corporate venture units; new venture units; corporate entrepreneurship; internal new ventures; survival
National Category
Business Administration
Research subject
Business Studies
Identifiers
urn:nbn:se:uu:diva-396484 (URN)10.5465/AMBPP.2019.10378abstract (DOI)
Available from: 2019-11-05 Created: 2019-11-05 Last updated: 2023-12-08
2. Typifications of Contemporary New Venture Units: An Exploratory Analysis of Visual Registers
Open this publication in new window or tab >>Typifications of Contemporary New Venture Units: An Exploratory Analysis of Visual Registers
2020 (English)In: Academy of Management Annual Meeting Proceedings, ISSN 0065-0668, E-ISSN 2151-6561Article in journal, Meeting abstract (Refereed) Published
Abstract [en]

Innovation ‘labs’ and ‘garages’ and units sometimes simply called ‘X’ are mushrooming in large corporations. Such new venture units are, however, not a novel phenomenon and have gone in and out of fashion since the 1970s. Extant work conceives of these units as vehicles for corporate venturing and discusses them as places that allow internal new ventures to grow in an environment, designed specifically to support and protect the development of fledgling new ventures with the appropriate culture and routines, until they are ready to be adopted by the mainstream organization. This understanding is, however, colored by the common conceptual and methodological choices of prior research and may overlook other meanings of NVUs. In this study, we thus problematize the ‘settled’ view of NVUs in the literature and study corporations’ intersubjectively shared, situated and culturally embedded ideas about NVUs, and their essential characteristics, that are embodied in visual representations of NVUs. For this purpose, we explore recurring, typified symbolic instantiations of actors and acts, as well as the use of visual language, in 464 images used to present and introduce NVUs on the websites of 30 large, European corporations. We find that the habitat of NVUs, and life inside it, (i.e. NVUs way of working and working conditions) and not ventures and outputs are central to the visual discourse."

Keywords
New Venture Units, Corporate Entrepreneurship, Qualitative Research, Visual Analysis
National Category
Business Administration
Identifiers
urn:nbn:se:uu:diva-416746 (URN)
Conference
80th Annual Meeting of the Academy of Management, online, August 7-11, 2020
Note

Paper presented at the 27th IPDMC (online) and the 80th Annual Meeting of the Academy of Management (online)

Available from: 2020-08-03 Created: 2020-08-03 Last updated: 2023-12-08
3. Ideas of Entrepreneurial Activity Embodied in Depictions of New Venture Unit Spaces
Open this publication in new window or tab >>Ideas of Entrepreneurial Activity Embodied in Depictions of New Venture Unit Spaces
2021 (English)In: Academy of Management Annual Meeting Proceedings, Briarcliff Manor, NY, USA: Academy of Management , 2021, article id 12158Conference paper, Oral presentation with published abstract (Other academic)
Abstract [en]

Corporations across industry and geographic boundaries are once again turning to new venture units (NVUs) as a means to organize for corporate entrepreneurship. In descriptions of what their innovation ‘garages’ or ‘labs’ are and do, firms habitually position these NVUs as a vital infrastructure or breeding ground for entrepreneurial activity. The notion entrepreneurial activity, here, appears to refer to a set of activities that are recurring and considered to be meaningful in the context of NVUs. Though it is an umbrella term describing a multi-stage problem-solving process encompassing a set of interrelated yet distinct tasks and behaviors, however, what firms believe to constitute entrepreneurial activity typically remains unarticulated. To explore the corporate understanding of ‘entrepreneurial activity’ in the context of NVUs, in this study, we turn to the spatial design of these units as a window onto the processes, activities and relationships corporations believe to be associated with them. In our theoretically grounded analysis of 178 images depicting physical environments associated with NVUs collected from the websites of 30 large, established corporations in north-western Europe where companies introduce and present their NVUs, we find that the spatial language in the images is surprisingly narrow and depicts these units as primarily communal spaces, which are geared towards social behavior and make little room for complex, individual cognitive work.

Abstract [en]

New venture units (NVUs) are once again attracting interest among corporations across industry and geographic boundaries as a means to organize for entrepreneurship. In descriptions of their innovation ‘garages’ or ‘labs’, as well as what they are and do, firms typically present these NVUs as a vital infrastructure or breeding ground for entrepreneurial activity. The notion entrepreneurial activity, here, appears to refer to a set of activities that are recurring and considered to be meaningful in the context of NVUs. What firms believe to constitute entrepreneurial activity, however, typically remains unarticulated and taken for granted. In light of our scholarly understanding of entrepreneurial activity as an umbrella term describing a multi-stage problem-solving process encompassing a set of interrelated yet distinct tasks and behaviors, this is rather surprising. To explore the corporate understanding of ‘entrepreneurial activity’ in the context of NVUs, in this study, we turn to the spatial design of these units as a window onto the processes, activities and relationships corporations believe to be associated with them.

This, previous version of the abstract is included in the conference proceedings.

Place, publisher, year, edition, pages
Briarcliff Manor, NY, USA: Academy of Management, 2021
Series
Academy of Management Proceedings, ISSN 0065-0668, E-ISSN 2151-6561
Keywords
New Venture Units, Corporate Entrepreneurship, Organizational Space
National Category
Business Administration
Identifiers
urn:nbn:se:uu:diva-450651 (URN)10.5465/AMBPP.2021.12158abstract (DOI)
Conference
81st Annual Meeting of the Academy of Management, online, July 29 - August 4, 2021
Note

Title in thesis list of papers: Reading the Language of New Venture Unit Spaces in Visual Discourse: Ideas of Entrepreneurial Activity. This article is referred to in the conference proceedings by the alternative title: "Ideas of Entrepreneurial Activity Embodied in Depictions of New Venture Unit Spaces"

Available from: 2021-08-17 Created: 2021-08-17 Last updated: 2022-08-15Bibliographically approved
4. Understanding Contemporary New Venture Units: A Multimodal Discourse Analysis
Open this publication in new window or tab >>Understanding Contemporary New Venture Units: A Multimodal Discourse Analysis
2019 (English)Conference paper, Oral presentation with published abstract (Refereed)
Abstract [en]

New venture units (NVUs) are semi-autonomous units that accommodate entrepreneurial activities within large corporations. Over the past 40 years, NVUs have not only gone through multiple cycles of waxing and waning popularity but have also evolved considerably. Today, they are once again gaining prominence and typically referred to as corporate innovation ‘garages’ or ‘labs’. While extant research has explored previous genera- tions of NVUs and the managerial challenges associated with them, however, little is known about contemporary NVUs. In this study, we thus explore how contemporary NVUs should contribute to corporate entrepreneurship and focus on the what, why and how. We approach these questions by analyzing corporate communication about NVUs, in which corporations’ situated and shared understandings of contemporary NVUs are articulated. Using multimodal discourse analysis, we systematically analyze the verbal and visual elements of multimodal texts presenting, describing and introducing NVUs on corporate websites to uncover prevailing ideas about NVUs encoded in words, images and the interplay of both.

Keywords
Corporate Entrepreneurship, New Venture Units, Multimodal Analysis
National Category
Business Administration
Identifiers
urn:nbn:se:uu:diva-398389 (URN)
Conference
RENT XXXIII, November 28-29, 2019, Berlin, Germany
Note

The paper was accepted and presented at the conference under its alternative, previous title: "Understanding the Typical Role and Nature of Contemporary New Venture Units: A Multimodal Discourse Analysis"

Available from: 2019-12-05 Created: 2019-12-05 Last updated: 2021-10-26

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Basu, Eve-Michelle

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