New Ventures Division

Mr, Muhammad Ashraf Vice President, New Ventures Division Gulf Investment Corporation P.O.Box 3402 Safat 13035, Kuwait... 

Hounshell and Smith, Science and Corporate Strategy, ch. 22. See Robert A. Burgelman and Leonard R. Sayles, Inside Corporate Innovation Strategy, Structure and Managerial Skills (New York Free Press, 1986), esp. chs. 1, 8, 9 see also Norman Fast, The Rise and Fall of New Venture Divisions (Ann Arbor, MI UMI Research Press, 1979). 

On a corporate level, a New Business Development, or a New Ventures Division can be created to accomplish the separation. To whom this division reports is not of primary significance, as long as its charter is clear, although ideally it should have organizational status equivalent to that of an opierating division. 

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