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

Sergey Alexander Anokhin, Manuel Hess and Joakim Wincent ()
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Sergey Alexander Anokhin: University of Louisville
Manuel Hess: Grenoble Ecole de Management
Joakim Wincent: University of St. Gallen

Small Business Economics, 2025, vol. 64, issue 1, No 12, 239-258

Abstract: 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.

Keywords: Technology sourcing ambidexterity; Corporate venture capital; Corporate innovation; Experimentation; Slack resources; Organizational learning (search for similar items in EconPapers)
JEL-codes: G24 L26 O32 O33 O36 (search for similar items in EconPapers)
Date: 2025
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DOI: 10.1007/s11187-024-00900-8

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