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
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