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This book introduces concepts of business incubation and suggests a
learning process. This process begins with prior knowledge at the
opportunity identification phase, progresses through the
acquisition of new skills and knowledge necessary to develop an
opportunity and concludes with a transformation phase where new
knowledge is acted upon. The book draws on extensive qualitative
data and documentary evidence from a range of stakeholders
associated with a University Business Incubator known as Innospace.
The process of opportunity development within the business
incubator is explored by combining experiential and social learning
theories as heuristic tools. Presented implications for
policy-makers and incubator managers are that attention and scarce
resources should be focused on providing relevant information and
encouraging an atmosphere of learning and mutual support.
Recruitment practices should be revised to include a more holistic
appreciation of potential incubatees contribution to the Business
Incubation learning community as well as an assessment of their
business plans. For policy makers the book suggests that successful
business incubators do not necessarily require a large financial
investment in state-of-the-art premises and technology. Appropriate
management training together with carefully selected incubatees can
create an effective learning community where opportunities are
developed and transformed into enterprises and individuals into
entrepreneurs.
This book introduces concepts of business incubation and suggests a
learning process. This process begins with prior knowledge at the
opportunity identification phase, progresses through the
acquisition of new skills and knowledge necessary to develop an
opportunity and concludes with a transformation phase where new
knowledge is acted upon. The book draws on extensive qualitative
data and documentary evidence from a range of stakeholders
associated with a University Business Incubator known as Innospace.
The process of opportunity development within the business
incubator is explored by combining experiential and social learning
theories as heuristic tools. Presented implications for
policy-makers and incubator managers are that attention and scarce
resources should be focused on providing relevant information and
encouraging an atmosphere of learning and mutual support.
Recruitment practices should be revised to include a more holistic
appreciation of potential incubatees contribution to the Business
Incubation learning community as well as an assessment of their
business plans. For policy makers the book suggests that successful
business incubators do not necessarily require a large financial
investment in state-of-the-art premises and technology. Appropriate
management training together with carefully selected incubatees can
create an effective learning community where opportunities are
developed and transformed into enterprises and individuals into
entrepreneurs.
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