Technology Business Incubators and Industrial Development: Resource-Based View

Purpose – The purpose of this paper is to determine enabling factors influencing the success of technology business incubators (TBIs) with respect to existing and acquired resources, and describe how these enabling factors have been implemented in practice.Design/methodology/approach – The potential enabling factors were identified based on the literature review through the lens of the resource‐based view (RBV) perspective. The Q‐sort method was then applied to classify those factors according to the experts' opinions, for evoking group consensus on the classifications. Finally, a Thailand science park incubator was taken as a case to illustrate the applicability of the findings.Findings – The strategic resources and their categories which can be considered as TBIs' enabling factors were found through the RBV theory. They are important to TBIs' success and improvement of technology‐based SMEs' competitive advantage.Research limitations/implications – Because of the lack of international comparisons and th...

[1]  Joshua B. Powers,et al.  University Start-Up Formation and Technology Licensing with Firms that Go Public: A Resource-Based View of Academic Entrepreneurship , 2005 .

[2]  Sakun Boon-itt,et al.  A study of supply chain integration in Thai automotive industry: a theoretical framework and measurement , 2006 .

[3]  J. R. Landis,et al.  The measurement of observer agreement for categorical data. , 1977, Biometrics.

[4]  Ning Wen-bin Success Criteria of Technological Incubation in China: Case Study in Hong Kong and Hangzhou , 2006, 2006 International Conference on Management Science and Engineering.

[5]  Kuo-Chung Chang,et al.  The impact of organizational intervention on system usage extent , 2010, Ind. Manag. Data Syst..

[6]  T. S. Ragu-Nathan,et al.  The Q-Sort Method: Assessing Reliability And Construct Validity Of Questionnaire Items At A Pre-Testing Stage , 2002 .

[7]  J. Kimberly,et al.  Issues in the creation of organizations: initiation, innovation, and institutionalization. , 1979, Academy of Management journal. Academy of Management.

[8]  Sirkka L. Jarvenpaa,et al.  The effect of task demands and graphical format on information processing strategies , 1989 .

[9]  S. Sherer Critical Success Factors for Manufacturing Networks as Perceived by Network Coordinators , 2003 .

[10]  Izak Benbasat,et al.  Development of an Instrument to Measure the Perceptions of Adopting an Information Technology Innovation , 1991, Inf. Syst. Res..

[11]  Chee Yew Wong,et al.  The contingency effects of environmental uncertainty on the relationship between supply chain integration and operational performance , 2011 .

[12]  Lois S. Peters,et al.  The Role of Incubators in the Entrepreneurial Process , 2004 .

[13]  Winston T. H. Koh,et al.  An Analytical Framework for Science Parks and Technology Districts with an Application to Singapore , 2003 .

[14]  A. Grandi,et al.  Business incubators and new venture creation: an assessment of incubating models , 2005 .

[15]  Paul Hannon,et al.  Incubation policy and practice: building practitioner and professional capability , 2005 .

[16]  H. Goldstein,et al.  Technology in the Garden: Research Parks and Regional Economic Development , 1991 .

[17]  Marina Z. Solesvik,et al.  Partner Selection for Strategic Alliances: Case Study Insights from the Maritime Industry , 2010, Ind. Manag. Data Syst..

[18]  Ting-Peng Liang,et al.  A resource-based perspective on information technology and firm performance: a meta analysis , 2010, Ind. Manag. Data Syst..

[19]  Dovev Lavie The Competitive Advantage of Interconnected Firms: An Extension of the Resource-Based View , 2006 .

[20]  Bhanu S. Ragu-Nathan,et al.  Development and validation of a measurement instrument for studying supply chain management practices , 2005 .

[21]  Jarunee Wonglimpiyarat,et al.  Commercialization strategies of technology: lessons from Silicon Valley , 2010 .

[22]  K. Ganesh,et al.  Towards taxonomy architecture of knowledge management for third‐party logistics service provider , 2011 .

[23]  Jacob Cohen A Coefficient of Agreement for Nominal Scales , 1960 .

[24]  J. Fleiss Measuring nominal scale agreement among many raters. , 1971 .

[25]  David N. Allen,et al.  The Small Business Incubator Industry: Micro-Level Economic Development , 1987 .

[26]  Sean M. Hackett,et al.  A Systematic Review of Business Incubation Research , 2004 .

[27]  Elizabeth Chell,et al.  Networking, entrepreneurship and microbusiness behaviour , 2000 .

[28]  David V. Gibson,et al.  Overview of US incubators and the case of the Austin Technology Incubator , 2003 .

[29]  Paul Hannon,et al.  A conceptual development framework for management and leadership learning in the UK incubator sector , 2003 .

[30]  Massimo G. Colombo,et al.  How effective are technology incubators?: Evidence from Italy , 2002 .

[31]  Sarfraz A. Mian,et al.  Assessing and managing the university technology business incubator: An integrative framework , 1997 .

[32]  T. Das,et al.  Resource and Risk Management in the Strategic Alliance Making Process , 1998 .

[33]  R. Hisrich,et al.  The university and business incubation: Technology transfer through entrepreneurial development , 1988 .

[34]  Christian Lendner University Technology Transfer through University Business Incubators and How They Help Start-ups , 2007 .

[35]  J. Barney Firm Resources and Sustained Competitive Advantage , 1991 .

[36]  K. Eisenhardt Building theories from case study research , 1989, STUDI ORGANIZZATIVI.

[37]  R. Grant The Resource-Based Theory of Competitive Advantage: Implications for Strategy Formulation , 1991 .

[38]  Jarunee Wonglimpiyarat The dynamics of financial innovation system , 2011 .

[39]  Sang Suk Lee,et al.  A Comparison of Critical Success Factors for Effective Operations of University Business Incubators in the United States and Korea , 2004 .

[40]  Raymond W. Smilor,et al.  Managing the incubator system: Critical success factors to accelerate new company development , 1987, IEEE Transactions on Engineering Management.

[41]  Sang-Chul Park Science Parks in Sweden as Regional Development Strategies: A Case Study on Ideon Science Park , 2002, AI & SOCIETY.

[42]  Sakun Boon-itt,et al.  Measuring Supply Chain Integration — Using the Q-Sort Technique , 2005 .

[43]  Sirkka L. Jarvenpaa,et al.  Information Systems Design Decisions in a Global Versus Domestic Context , 1995, MIS Q..

[44]  R. Siddharth,et al.  PPP's in Road Renovation and Maintenance – A Case Study of the East Coast Road Project , 2009 .

[45]  Sarfraz A. Mian,et al.  Assessing value-added contributions of university technology business incubators to tenant firms , 1996 .

[46]  Alok K. Chakrabarti,et al.  The sources of social capital within technology incubators: the roles of historical ties and organisational facilitation , 2005 .

[47]  Maura McAdam,et al.  A preliminary investigation into networking activities within the university incubator , 2008 .

[48]  Lance L. Smith,et al.  Field Theory In Science: Its Role As a Necessary and Sufficient Condition in Psychology , 1996 .

[49]  J. Ulhøi,et al.  The Networked Business Incubator: Leveraging Entrepreneurial Agency , 2005 .

[50]  M. Tushman,et al.  Resource recombinations in the firm: knowledge structures and the potential for schumpeterian innovation , 1998 .

[51]  Hongyi Sun,et al.  Critical Success Factors for Technological Incubation: Case Study of Hong Kong Science and Technology Parks , 2007 .

[52]  Emilio Alvarez-Suescun,et al.  Testing resource-based propositions about IS sourcing decisions , 2007, Ind. Manag. Data Syst..

[53]  Einar Rasmussen,et al.  Government instruments to support the commercialization of university research: Lessons from Canada , 2008 .

[54]  D. Felsenstein University-related science parks - 'seedbeds' or 'enclaves' of innovation? , 1994 .

[55]  The sources of social capital within technology incubators: the roles of historical ties and organizational facilitation , 2005, A Unifying Discipline for Melting the Boundaries Technology Management:.

[56]  John Kelly,et al.  Book Review: Teach yourself incubators , 1987 .

[57]  Morten T. Hansen,et al.  Networked incubators. Hothouses of the new economy. , 2000, Harvard business review.

[58]  Mark Goh,et al.  Resource-based approach to IT shared services in a manufacturing firm , 2007, Ind. Manag. Data Syst..

[59]  S. Thore,et al.  The growth of commercialization — facilitating organizations and practices: A Schumpeterian perspective , 2005 .

[60]  Chinho Lin,et al.  Assessment of Commercialization Strategy Using R&D Capability , 2011, Ind. Manag. Data Syst..

[61]  A. M. Subramanian,et al.  Capability reconfiguration of incumbent firms: Nintendo in the video game industry , 2011 .

[62]  D. Merrifield,et al.  New business incubators , 1987 .

[63]  M. Huse,et al.  Resource Configuration, Competitive Strategies, and Corporate Entrepreneurship: An Empirical Examination of Small Firms , 1999 .

[64]  Alok K. Chakrabarti,et al.  The role of incubator interactions in assisting new ventures , 2010 .