MIT Sloan Management Review 2026

Resolving Muddled Objectives in Corporate Venture Capital

Michael Cusumano; Tomohisa Okamoto

Abstract

The most consequential decision that managers of corporate venture capital units must make is whether to prioritize financial or strategic benefits for the parent company. Researchers describe the spectrum of CVC investment strategies and argue that for most CVCs, the approach most likely to succeed puts strategic gains first but also seeks financial returns.

DOI

10.63383/kqjn9904

Sources

openalex

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APA 7 MLA 9 Chicago (author–date) Harvard Elsevier Harvard (JFE, JBF…) The Accounting Review Academy of Management American Marketing Association INFORMS (Management Science) Copy citation Copied ✓