Question

Entrepreneurial activities that create something new of value either by redefining the company’s current products or services, developing new markets, or forming more formally autonomous or semiautonomous units or firms best defines: __________________.

Answer 1

Answer:

The correct answer is: Corporate venturing

Explanation:

Corporate venture capital, also known as the corporate venturing, refers to the practice in which a company invests corporate funds in the external small innovative startup firm or company, to gain competitive advantage.

The investing company provides strategic direction, management, line of credit and also marketing expertise to the startup firm.

Corporate Venturing is a structural collaboration with external firms for mutual growth.