In our series of articles Corporate Venturing on the Test Bench, Boris Battistini and Martin Haemmig investigate how chief executives fall away for lack of a structured management control system.
Developing and accelerating early stage, growth-oriented technology ventures is difficult. Most ventures merely survive or fail, only a handful of them thrive. Corporate venturers are familiar with this picture. But what defines successful new entrepreneurial firms? In this article, we review various research work addressing this question, analyse the relevance and impact of management control systems (MCSs) on the growth of early-stage technology ventures, explore successful growth strategies and summarise the key-points.
Between 2006 and 2013, between 5,000 and 6,000…
