Key Points
The incubator must monitor and provide business assistance to incubatees; and
The incubation process should regularly infuse incubatees with the necessary resources.
Monitoring and Business Assistance
Hackett and Dilts (2004b) define monitoring and business assistance (M&BAI) as “the degree to which the incubator observes and helps incubatees with the development of their ventures, including helping them to [...]
Quick note: When I wrote this, I was thinking of ICT firms that cater to business markets (as opposed to ICT firms that cater to consumer markets).
In my previous entry, I wrote about how information technology can “explode” the value chain such that the value-adding activities of a firm need not be housed under one [...]
I feel that I must first admit that I haven’t actually finished reading Porter’s The Competitive Advantage of Nations. I have it on my shelf right now but I haven’t gone past chapter two mainly because of my other academic obligations. Not to mention that it’s a very thick book. Probably thicker than War and [...]
In the knowledge economy, a firm’s competitive advantage lies in its ability to exploit new knowledge faster than its competitors. To induce this, various regions in the Philippines have turned to the theory on clusters. The premise of the theory includes the following:
Knowledge is created through inter-organisational collaboration and by lumping players of a certain [...]
Key point: Being the key determinant of an incubator’s effectiveness in option creation, the selection process should be properly managed.
A properly executed screening process ensures that resources are channeled only to those potential incubatees that truly need it. Hacket and Dilts state that “ideally, only those firms that are ‘weak-but-promising’ (weak due to lack of [...]
My objective here is to show how I.T. can be most useful to an organisation. I will begin by decomposing the firm into its major activities using Michael Porter’s value chain. I will then point out the role of I.T. in the organisation as well as provide my opinion on the general direction that [...]
With all the numbers displayed on a profit-oriented firm’s financial statements, everything boils down to one figure: the ROE. The ROE or Return on Equity is a ratio that measures a firm’s ability to generate net income for every peso of capital put in by investors. The ROE is computed as follows:
Net income, as some [...]
We all know that a firm must innovate to remain competitive, especially in this day and age. But how do we know that a firm is innovative? Specifically, what tools can we use to measure a firm’s level of innovativeness?
Much work has been done among practitioners and academics alike to come up with an innovation [...]
Key Points
The incubation program must be tailored to local needs;
The incubator manager and staff must be well equipped to manage present tenants.
Tailor-fitting to Local Community Needs
Many scholars agree that the general ‘fit’ of the incubator with the needs of the community to which it belongs is critical to its success (Allen and Rahman 1985; Campbell [...]
Key points
An incubator must be managed appropriately throughout its life just like any enterprise;
A strategically constructed advisory board is critical to the success of the incubator.
An Incubator’s Lifecycle
Allen (1988) states that–similar to any other enterprise–the incubator itself goes through different stages in its lifecycle, namely start-up, business development, and maturity. Each stage is said to [...]
