CUED Publications database

Evolving corporate entrepreneurship strategy: Technology incubation at Philips

Ford, S and Garnsey, E and Probert, D (2010) Evolving corporate entrepreneurship strategy: Technology incubation at Philips. R and D Management, 40. pp. 81-90. ISSN 0033-6807

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Abstract

Established firms tend to pursue incremental innovation by modifying and refining their existing products and processes rather than developing radical innovations. In the face of resistance to change and incumbent inertia, which prevent the generation of novelty, established firms have turned towards corporate entrepreneurship as a means of exploiting knowledge accumulated within its own boundaries and exploring external markets. This paper focuses on one mode of corporate entrepreneurship, corporate incubation, informed by a study of a Technology Incubator at Philips. An account of the history of the incubator traces its progress from its inception in 2002-2006 when further incubators were formed, building on this experience and focusing on lifestyle and healthcare technologies. We identify ways in which the Philips incubator represents an alternative selection environment that effectively simulated the venture capitalist model of entrepreneurial innovation. © 2009 Blackwell Publishing Ltd.

Item Type: Article
Subjects: UNSPECIFIED
Divisions: Div E > Strategy and Policy
Depositing User: Cron Job
Date Deposited: 07 Mar 2014 11:30
Last Modified: 08 Dec 2014 02:35
DOI: 10.1111/j.1467-9310.2009.00580.x