PRINT THIS PAGE Rebuilding business building
28/05/2002. Source:McKinsey Quarterly. Patrick F Coveney, Jeffrey J Elton, Baiju R Shah, and Bradley W Whitehead
Corporate venturing has changed its stripes, says McKinsey Quarterly. Where once new-venture units developed a number of unconnected entrepreneurial initiatives, they now operate closer to their parent companies. Helped by a combination of disciplines adopted from private equity firms and by tough-minded business-development skills, the new-venture units that large companies have launched during the past three years are producing results - and driving corporate growth initiatives. New-venture units have evolved from catchall centres of entrepreneurial activity into focused organisations that are realizing their potential for promoting and delivering growth.
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Taken from The McKinsey Quarterly, 2002 Number 2
The McKinsey Quarterly, a journal in print and online from McKinsey & Company, featuring the latest thinking on business strategy, finance and management.
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