| Summary: | 碩士 === 中原大學 === 企業管理研究所 === 93 === Abstract
The research is an exploratory study using deep interview method, through examining the diversification transformation to growth pattern of Company A in the past 30 years by internal venturing activity, and through the incubator business center of internal venturing to develop new business and established new spin-off company. By researching the influence of the internal venturing on the new spin-off, with the hope to understand property features suitable for starting-up the internal venturing and for dividing into spin-offs in the company, as well as the viability of new spin-off company by the spin-off during the pre-start-up-stage, so as to use them for the references, when the company will want to proceed to evaluate for the internal venturing.
The research found that if a company has the following features, then the product would be suitable for the starting-up of internal venturing and should be divided into a new spin-off.
1. No related business could be found between the new market of the new product and the businesses of the parent-corporation.
2. The industry of new product is a one high growing and profiting.
3. The new product has a large industrial scale and a long life cycle that will be able to sustain the future development of the spin-off.
4. When the developed product and the external environmental conditions facilitate the business achievement of the spin-off, for instance, the governmental incentive investment regulations and the other favourable tax treatment.
5. The parent-corporation has a stable profit rate, and is able to support the resource investment needed during the pre-start-up stage and the start-up stage, to increase the survival rate of the spin-off.
6. The exclusiveness of new product’s R&D and application knowledge.
7. The division into the spin-off will benefit the public capital funding and the corporation evaluation.
8. The bigger the proportion of the stock held by the parent-corporation, the easier it will be for the resource shifting of the spin-off by the parent-corporation.
9. The establishment of incubator business inside the parent-corporation during the pre-start-up stage of the internal venturing of unrelated business will reduce the operating risks of the spin-off.
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