10 questions to understand the effectiveness of your venturing efforts:
1.
Have you defined a venture platform?
Yes
No
2.
Do you have a portfolio of ventures?
3.
Do you have a standalone business plan for venturing?
4.
Do you use partners extensively?
5.
Is the team venture- and core-business experienced?
6.
Are external advisors given board-of-director authority?
7.
Is funding allocated for venturing specifically?
8.
Is performance measured in financial and non-financial ways?
9.
Are best practices used as investment controls?
10.
Are strategic linkages monitored?