• Title of article

    Investment project as an internal corporate venture

  • Author/Authors

    Vuori، نويسنده , , Elisa and Artto، نويسنده , , Karlos and Sallinen، نويسنده , , Liisa، نويسنده ,

  • Issue Information
    ماهنامه با شماره پیاپی سال 2012
  • Pages
    11
  • From page
    652
  • To page
    662
  • Abstract
    A capital investment project exhibits both deliberate and emergent strategic elements. The emergent strategic elements have been conceptualized as a project strategy, which is formed in a project to attain business-oriented results and to cope with organizational and market environments. We use corporate venturing literature to explain the formation of the strategy of an individual project. In the project studies that consider the deliberate strategic elements with projects, a project has been explained to solely implement the strategy of its parent organization: This paper addresses the relationship between a project and its parent and explains how the dimensions of the parent-project relationship affect the formation of a projectʹs strategy which may diverge from the intended strategy of the parent. The empirical study is a case study on four investments projects in Neste Oil, a firm operating in the oil refining industry. The projects have a degree of autonomy in relation to the parent, depending on their relatedness to the existing capabilities of the parent.
  • Keywords
    investment project , Venture , Internal venturing , Corporate Strategy , Project strategy
  • Journal title
    International Journal of Project Management
  • Serial Year
    2012
  • Journal title
    International Journal of Project Management
  • Record number

    1840552