Alternatives to Strategy:  Luck, Chance and Relations -- Annaleena Parhankangas -- June 3, 2003

Symposium: "A New Base for Corporate Relations: From Strategic Deceit to Trustworthy Action", Nokia House, Espoo Finland, Tuesday, June 3, 2003.

This digest was created in real-time during the meeting, based on the speaker's presentation(s) and comments from the audience. These should not be viewed as official transcripts of the meeting, but only as an interpretation by a single individual. Lapses, grammatical errors, and typing mistakes may not have been corrected. Questions about content should be directed to the originator. These notes have been contributed by David Ing (daviding@systemicbusiness.org) at the IBM Advanced Business Institute ( http://www.ibm.com/abi ).

[Annalenna Parhankangas]

A story about the development of technologies in large Finnish corporations as governments:  related to governance

A project of TEKES and Foundation of Finnish Technologies

Non-core technologies:

This last question is interesting

Went to large corporations in Finland, Sweden and the U.S.

Three questions:

Background from previous literature

Will talk about Finnish examples, compared to Sweden and U.S.

What did we find out?

In most cases, no well defined goals for technology diversification

How did they achieve milestones?

Process based on chance and luck, coincidences

Benefits to parent firms

Can we say these companies fail? 

Conclusions:

Similar study in Sweden and the U.S.:

Periphery vs. Boundaries:

[Question]

Infer that there's a continuum from the movement from an idea to commercial; from idea to ownership.  Are there signposts or signal, so that that a person knows it's time to change the structure of governance?  Do the persons need to switch?

Finland as a network, people mostly trained in universities.  Are these networks different?

In U.S.:  Small ventures don't operate with each other.  Feel the universities are academic.  Lawyers want to hold them apart

 

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