In today's competitive market, innovation stands as a cornerstone of organisational success, with Corporate Venture Capital (CVC) emerging as a pivotal tool for injecting innovative ideas and technologies into established corporations. However, maintaining strategic focus within CVCs presents notable challenges. This thesis delves into the complicated dynamics of how CVCs can effectively navigate their strategic objectives while delivering value to both their parent companies and startups. Collaborating with Company Z, this research employs a robust qualitative approach to ensure the validity and reliability of its findings. Through qualitative methods, this study develops a comprehensive framework aimed at offering a structured yet flexible approach, empowering CVCs to optimise their operations, foster innovation, and sustain long-term success. The research design encompasses interviews segmented into "pre-study" and "main" phases. The pre-study phase involves unstructured interviews with Company Z to establish foundational insights and identify key challenges and themes. Subsequently, semi-structured main interviews delve deeper into these themes, allowing for flexibility while maintaining consistency. From the literature review and pre-study interviews, four components emerged as critical for strategic success: Organisational structure, Governance, Investment process, and Performance metrics. Building on these insights, this study develops a framework with actionable insights and practical solutions to assist CVCs in navigating the complexities of strategic alignment and value creation across these five themes. By examining organisational structure, governance, investment practices, performance metrics and sustainability this study offers insights into optimising communication, fostering sustainability, and building high-performing teams. Inspired by the concept of 'simple rules,' this framework provides a comprehensive guide for navigating the intricacies of CVC operations, ensuring alignment with parent company objectives while driving innovation and strategic growth.