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- Title
- ASSESSING THE IMPACT OF UNIVERSITY TECHNOLOGY INCUBATOR PRACTICES ON CLIENT PERFORMANCE.
- Creator
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O'Neal, Thomas, Kulonda, Dennis, University of Central Florida
- Abstract / Description
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This research is designed to distinguish and describe or explain incubator practices that affect the performance of incubator clients of university technology incubator programs. The research focuses on understanding which practices significantly contribute to increasing job creation for the firms located in university based technology incubators. An increasing number of communities are embracing economic development strategies that target the high tech sector with high wage, high value jobs...
Show moreThis research is designed to distinguish and describe or explain incubator practices that affect the performance of incubator clients of university technology incubator programs. The research focuses on understanding which practices significantly contribute to increasing job creation for the firms located in university based technology incubators. An increasing number of communities are embracing economic development strategies that target the high tech sector with high wage, high value jobs as a way to diversify their economies and boost local and regional economies. New economic development strategies include the notion of a creation strategy or "growing your own" instead of relying on recruiting of existing companies from other regions. In 1999-2000 (according to the most recent data), small businesses created three-quarters of U.S. net new jobs (2.5 million of the 3.4 million total). The small business percentage varies from year to year and reflects economic trends. Over the decade of the 1990s, small business net job creation fluctuated between 60 and 80 percent. Moreover, according to a Bureau of the Census working paper, start-ups in the first two years of operation accounted for virtually all of the net new jobs in the economy. The study is broken into three parts: (1) a review of the literature on incubation, focusing on its history, best practices, technology incubation, networking theory, and previous empirical studies (2) a review of previous data collected in a recent national survey and (3) case studies of the top performing incubators in the country based on employment growth of client firms contracted with case studies from non-top ten programs. The literature suggests that the study of incubation must be considered in the context of a larger enterprise development system of which the incubator will fill gaps in the larger regional enterprise development system. This notion is explored. In general, there is a great need for more empirical research into best practice of incubation. It is a non trivial task however as the nature of the industry limits the ability to obtain traditional, statistically defendable, measures.
Show less - Date Issued
- 2005
- Identifier
- CFE0000434, ucf:46404
- Format
- Document (PDF)
- PURL
- http://purl.flvc.org/ucf/fd/CFE0000434
- Title
- A BALANCED SCORECARD TEMPLATE FOR FLORIDA INCUBATORS.
- Creator
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Lujambio, Julio Agustin, Kulonda, Dennis, University of Central Florida
- Abstract / Description
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Incubators are organizations that have become a key factor to the success of new ventures. One study jointly sponsored by the University of Michigan, Ohio University, the National Business Incubation Association, and the Southern Technology Council found that 87% of the firms that went through an incubator program remain in business and 84% remain in their community. Clearly properly run incubators can provide much benefit. However there is littleconsensus on goals and best practices for...
Show moreIncubators are organizations that have become a key factor to the success of new ventures. One study jointly sponsored by the University of Michigan, Ohio University, the National Business Incubation Association, and the Southern Technology Council found that 87% of the firms that went through an incubator program remain in business and 84% remain in their community. Clearly properly run incubators can provide much benefit. However there is littleconsensus on goals and best practices for managing the incubators themselves. Recently an approach to integrating strategy and practice called the balanced scorecard (BSC) has emerged asa popular tool in many public and private organizations.The purpose of this thesis is to examine the BSC as a potential performance andmanagement tool for Incubators in Florida. While the list of major corporations and public institutions that has adopted some form of a balanced scorecard continues to grow, there has been no research into its adaptability to incubators. This thesis found potential benefits associated with applying the BSC model to incubators, such as maintaining incubator's competitiveness and improving communication and employee's performance.Because a full-scale balanced scorecard system entails a fairly intensive implementation effort, it cannot be prescribed randomly across the variety of incubator enterprises. Accordingly, a stage of development framework is employed to help categorize incubators, assess their respective planning needs and identify how the balanced scorecard approach can be applied beneficially. Under these parameters, it is proposed that for incubators where both the degree of managerial complexity and the prospects for extensive change are high, the balanced scorecard can be a useful mechanism for effective management. A number of important implementation issues are also explored and some directions for future research are identified.
Show less - Date Issued
- 2004
- Identifier
- CFE0000136, ucf:46203
- Format
- Document (PDF)
- PURL
- http://purl.flvc.org/ucf/fd/CFE0000136
