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Failure prevention and management in business incubation: practices towards a scalable business model
Umeå University, Faculty of Social Sciences, Umeå School of Business and Economics (USBE), Business Administration.ORCID iD: 0000-0001-8340-9853
Umeå University, Faculty of Social Sciences, Umeå School of Business and Economics (USBE), Business Administration.ORCID iD: 0000-0001-8123-5730
2019 (English)In: Technology Analysis & Strategic Management, ISSN 0953-7325, E-ISSN 1465-3990, Vol. 31, no 3, p. 266-278Article in journal (Refereed) Published
Abstract [en]

How support systems such as a business incubator deal with failure, a common phenomenon in new venture creation, is less understood. Employing a value creation perspective helps us to understand failure, the inability of an entrepreneurial team to build a scalable business model. Based on case studies at nine Swedish business incubators, we develop a dynamic process model towards understanding failure prevention and management in business incubation. We find business incubation practices towards failure prevention and management to be a mix of predictive and non-predictive strategies. These practices could help prevent and mitigate failure at personal, organisational and social levels towards value creation for the startups and their stakeholders and channel the effects of failure towards social benefit.

Place, publisher, year, edition, pages
Routledge, 2019. Vol. 31, no 3, p. 266-278
Keywords [en]
Business incubation, business model, failure management, value creation
National Category
Business Administration
Research subject
Business Studies
Identifiers
URN: urn:nbn:se:umu:diva-150058DOI: 10.1080/09537325.2018.1495325ISI: 000456180300002OAI: oai:DiVA.org:umu-150058DiVA, id: diva2:1230903
Available from: 2018-07-04 Created: 2018-07-04 Last updated: 2019-02-26Bibliographically approved

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Nair, SujithBlomquist, Tomas

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CiteExportLink to record
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Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
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  • asciidoc
  • rtf