Modes of corporate venturing

-Internal corporate venturing:

Virgin Australia - 2000

wholly owned subsidiary

-Cooperative corporate venturing

Share control with another firm

Patrick Corporation

Air New Zealand

From 100% shares in 2000 to 10% in 2004

CV – development and management

Virgin Australia

-Existing product in the new market

-Motives: leveraging resources to exploit

the potential market by producing cheap

air travelling service

Change process

-Anticipating need for change

The need of finance resources

-Diagnostic phase

Gather information to select strategies

-Action plans

Searching investors and partners from 2001

-Self-renewal

Monitoring the results

Leadership and advocacy

-The Elders

Independent global leaders working

together for peace and human rights.

Inspire ethical leadership.

-Carbon War Room

Addressing issues in different

industry sectors: shipping, energy,

renewable jet fuels.