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Academic Spin-offs: The Role of Routinized Behaviours in New Venture Success

Autor Ziad El-Awad
en Limba Engleză Paperback – 24 feb 2024
 This book discusses the importance of developing routininized behaviours in new venture development, specifically highlighting the unique challenges that academic spin-offs face in this vital step towards successful business creation.
 During the early development stage, new ventures are informally established and have few routines that inform organizational performance. However, the process of new venture development is characterized by high ambiguity, for example entrepreneurs have to deal with ill-defined technologies that are only vaguely understood or delineated. They also need to gradually make sense of the connections between technological functions, customer preferences and market structures.  At the same time, during the early stage of new start-ups, experiences tend to be personal, embodied in specific individuals, such as the founder of founding team. Benefiting from these experiences and developing successful businesses that can exist independently of these individuals requires that these experiences become embedded in the form of routines.  The author argues that developing these routines, or ‘routinizing behaviours,’ plays a critical role in the process of adaptation, learning, and ultimately, success.
Focusing on these routinizing behaviours in particular, the book presents primary and empirical research on the specific challenges that academic spin-offs face and delivers a framework for the routinization of behaviours, demonstrating the challenges and opportunities that can intervene in this process.  Finally, the author brings together implications that academics and practitioners can take and apply in their own ventures.

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Specificații

ISBN-13: 9783031222863
ISBN-10: 3031222865
Pagini: 150
Ilustrații: XVII, 150 p. 15 illus.
Dimensiuni: 148 x 210 mm
Ediția:2023
Editura: Springer International Publishing
Colecția Palgrave Macmillan
Locul publicării:Cham, Switzerland

Cuprins

Chapter one: Academic spin-offs and their role in society.- Chapter two: Routinizing behaviors in academic spin-offs.- Chapter three: Routinizing behaviors as a multilevel learning process.- Chapter four: Routines and the critical role of the venture team.- Chapter five: Routines for efficiency or change!.- Chapter six: learnings and implications for your business.

Notă biografică

Ziad El-Awad is a researcher at Sten K Johnson Centre for Entrepreneurship- Lund university. His research explores the routinisation of task work in new ventures and the role that entrepreneurial ecosystems play in supporting new ventures' development. In addition, his research unpacks enterprising activities in and around entrepreneurial ecosystems and identifies policies and economic implications of such activities.

Textul de pe ultima copertă

This book discusses the importance of developing routinized behaviours in new venture development, explicitly highlighting the unique challenges that academic spinoffs face in this vital step towards successful business creation.During the early development stage, new ventures are informally established and have few routines that inform organizational performance. However, the process of new venture development is characterized by high ambiguity; for example, entrepreneurs have to deal with ill-defined technologies that are only vaguely understood or delineated. They also need to gradually make sense of the connections between technological functions, customer preferences and market structures. At the same time, during the early stage of new start-ups, experiences tend to be personal, embodied in specific individuals, such as the founder or founding team. Benefiting from these experiences and developing successful businesses that can exist independently of these individuals requires that these experiences become embedded in the form of routines.Presenting primary and empirical research, the author delivers a framework for the routinization of behaviours, demonstrating the challenges and opportunities that can intervene in this process. Finally, the author brings together implications that academics and practitioners can take and apply in their own ventures.

Ziad El-Awad is a researcher at Sten K Johnson Centre for Entrepreneurship- Lund university. His research explores the routinisation of task work in new ventures and the role that entrepreneurial ecosystems play in supporting new ventures' development. In addition, his research unpacks enterprising activities in and around entrepreneurial ecosystems and identifies policies and economic implications of such activities.

Caracteristici

Offers practical and theoretically grounded insights for success in academic spin-offs Benefits entrepreneurs seeking to grow their spin-offs from a non-commercial world into the commercial world Grounded in rich empirical research collected over a five-year period