Managing the disruptive technologies life cycle by externalising the research: social network and corporate venturing in the Silicon Valley

Ferrary, Michel

doi:10.1504/ijtm.2003.003096

Cited by 50Innovation and Knowledge ManagementEntrepreneurship Studies and InfluencesPrivate Equity and Venture Capital

Managing the disruptive technologies life cycle by externalising the research: social network and corporate venturing in the Silicon Valley

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Ferrary, Michel·2003·International Journal of Technology Management

DOI 10.1504/ijtm.2003.003096

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Abstract

The capability to generate and develop disruptive technologies drives the market in the high-tech sector. Traditional strategic theory recommends internalisation of R&D to keep a competitive advantage. The Silicon Valley example points out that the most successful high-tech companies such as Cisco Systems, Intel and Sun, externalise their research by doing corporate venturing. These companies manage their portfolio of technologies by acquiring small businesses that have developed disruptive technologies. This kind of acquisitive strategy needs specific organisational and managerial practices to embed the large company in the industrial-network structure of the Silicon Valley. Thus, managers of innovation have to get a large social capital to gather information inside business networks.

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Network management is crucial for successful innovation and firms need to improve their proficiency.
“Network management is also considered crucial for successful innovation and firms need to improve their proficiency (Ferrary, 2003).”
From Networking and innovation: a systematic review of the evidence (2004) · cites this paper as Ferrary, 2003

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Authors: Ferrary, M.
Affiliations: SKEMA Business School (FR)
Corresponding author: Ferrary, Michel
ORCID: Ferrary, Michel
Venue: International Journal of Technology Management
Publisher: Inderscience Publishers
Published: 2003
Volume: 25
Issue: 1/2
Pages: 165
ISSN: 0267-5730 (ISSN-L)
1741-5276
DOI: 10.1504/ijtm.2003.003096
OpenAlex: W2133504608
Cited by: 50
References: 43
Citations by year: 2026: 1 · 2024: 2 · 2022: 2 · 2020: 4 · 2018: 1 · 2016: 3 · 2015: 7 · 2014: 2 · 2013: 1 · 2012: 3
FWCI: 11.70
Type: journal article
Language: en
Open access: green
hal.science
Licence: other-oa
Locations: International Journal of Technology Management (publishedVersion)
HAL (submittedVersion, other-oa)
RePEc: Research Papers in Economics (submittedVersion)
Topics: Social Sciences › Business, Management and Accounting › Strategy and Management › Innovation and Knowledge Management
Social Sciences › Business, Management and Accounting › Management of Technology and Innovation › Entrepreneurship Studies and Influences
Social Sciences › Business, Management and Accounting › Accounting › Private Equity and Venture Capital
Keywords: disruptive technologies, technology life cycle, corporate venturing, acquisitions, technology portfolio management, social networks, social capital, business networks, industrial clusters, Silicon Valley, high-tech enterprises, innovation management

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Managing the disruptive technologies life cycle by externalising the research: social network and corporate venturing in the Silicon Valley

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