Digital Transformation of Large Corporates: Corporate Venture Capitaland Startup Collaborations of German DAX 30 Corporates
Carolin Bock and
Journal of Competences, Strategy & Management, 2019, vol. 10, 79-106
Incumbents’ and in particular large corporates’ business models are challenged by disruptive developments mainly caused by the ongoing digitalization of products and processes. Existing resources and capabilities of incumbents are often less adaptable to this development. Hence, incumbents focus increasingly on collaboration and acquisition strategies in order to close existing knowledge gaps by accessing external knowledge. Based on our analysis of the German DAX 30 corporates, we find that these activities have grown remarkably during the last years and provide clear evidence that the ongoing digitalization is the main driver for this effect. Further, we link these activities to the theory of dynamic capabilities and demonstrate that sufficient incumbent-internal levels of dynamic capabilities are essential for following the strategy of accessing external knowledge.
Keywords: Corporate venture capital; digitalization of business models; dynamic capabilities; startup; R&D collaboration; organizational transformation; hackathons (search for similar items in EconPapers)
JEL-codes: L14 M13 O31 O32 O33 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:rai:jcsman:jcsman-2019-05
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Journal of Competences, Strategy & Management is currently edited by Prof. Dr. Klaus Bellmann, University of Mainz, Germany, Prof. Dr. Christoph Burmann, University of Bremen, Germany, Prof. Dr. Jörg Freiling, University of Bremen, Germany (Editor-in-Chief), Prof. Dr. Hans-Georg Gemünden, Technical University of Berlin, Germany, Prof. Dr. Wolfgang H. Güttel, University of Linz, Austria, Prof. Dr. Hans H. Hinterhuber, University of Innsbruck, Austria, Interim Prof. Dr. Sven M. Laudien, University of Magdeburg, Germany, Prof. Dr. Dietrich von der Oelsnitz, Technical University of Braunschweig, Germany, Prof. Dr. Heike Proff, University of Duisburg-Essen, Germany, Prof. Dr. Christoph Rasche, University of Potsdam, Germany, Prof. Dr. Michael Stephan, University of Marburg, Germany and Prof. Dr. Erich Zahn, University of Stuttgart, Germany
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