An Exploration of Internal Corporate Venturing Goals in Family Firms

Abstract

Abstract Internal Corporate Venturing (ICV) goals of family firms are analyzed based on a qualitative study of six family businesses. Semi structured interviews with the owners and managers of the six family firms provide in-depth details on the goals for 24 internal ventures. Data analysis of transcribed interviews identifies both within-case and across-case themes that allow for development of 10 testable propositions surrounding family firm venturing goals. The analysis suggests that family firm venturing goals are consistent with traditional financial business venturing goals, but that family firms also adopt many non-financial venturing goals.