The measurement of success in a business incubation project

Voisey, Pam; Gornall, Lynne; Jones, Paul; Thomas, Brychan

doi:10.1108/14626000610680307

Cited by 109 publications

(134 citation statements)

References 11 publications

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“…Doubts arise about whether incubators are just another expense of public administrations or, if on the contrary, they constitute a source of social profitability (Pergelova and Angulo-Ruiz 2014). Although there are studies analysing the profitability of the entrepreneurship policy in general (Lundström et al, 2014) and the results of business incubators in particular (Hackett and Dilts, 2008;Voisey et al, 2006), it is still necessary to continue measuring the results of investment in business incubators.…”

mentioning

confidence: 99%

The social profitability of business incubators: a measurement proposal

Sentana

González

Gascó

et al. 2016

Entrepreneurship & Regional Development

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Public business incubators are services placed at the disposal of original, generally newly-created projects, to which physical accompaniment, supervision, and location are offered at prices below market value. They have as their aim to help set in motion and consolidate these firms during the stages in which they are weaker. The ultimate goal consists in favouring the generation of innovative firms, inducers of high-quality jobs, which can diversify the local business fabric, thus becoming a key tool in local development.The present paper provides a methodology to study the economic -but above all social-impact of business incubators, based on the examination of 40 from the 42 incubators existing in the Valencian Community (a Spanish autonomous region with five million inhabitants). Data analysis allows us to state that, although business incubators are not economically profitable since they need financial aids and public investment to start operating, they do have social profitability, insofar as the activity developed by entrepreneurs permits to provide public administrations -via taxes-with returns exceeding what was invested in these incubators. It has been determined that 2.8 euros (which can be applied to a variety of social areas) are collected via taxes for each euro spent to start them up.

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mentioning

confidence: 99%

The social profitability of business incubators: a measurement proposal

Sentana

González

Gascó

et al. 2016

Entrepreneurship & Regional Development

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“…In the following section, outputs and outcomes are distinguished in the same fashion as that articulated by Voisey et al (Voisey, Gornall, Jones, & Thomas, 2006).…”

Section: Bergekk and Norman (2008) Observe This Shiftmentioning

confidence: 99%

“…Although the criteria employed by Allen and McCluskey (1990) are statistically measurable, Voisey, Jones, and Thomas (2006), in their case study of a single incubator, conclude, "the measurement of success needs to be broader than a set of statistical outputs" (p. 464). Bergekk and Norman (2008) identify the failure of controlling for incubator goals in previous studies so that evaluation has been outcome-based rather than performance-based.…”

Section: Business Incubator Evaluation Frameworkmentioning

confidence: 99%

Value Creation and Evaluation in Arts Incubators

Essig

2015

SSRN Journal

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This research explores and deepens our understanding of an element of arts infrastructure in the United States: the arts incubator, an organizational form or programmatic initiative that exists at the intersection of artistic production, entrepreneurship, and public policy. The study is a qualitative cross-case analysis of four arts incubators of different types: Arlington Arts Incubator, Intersection for the Arts, Center for Cultural Innovation, and Mighty Tieton, situated within the context of the literature of arts incubators, business incubator evaluation, and a theoretical framework for understanding entrepreneurship in the US arts and culture sector.The research opens the black box of incubator operations to find that arts incubators create value for client artists and arts organizations both through direct service provision and indirect echo effects but that the provision of value to communities or systems is attenuated and largely undocumented. Arts incubators, like many small arts organizations, tend to look retrospectively at outputs rather than at the processes that convert inputs to tangible impacts, or means into ends. This is an issue not relegated only to the arts and culture sector; business incubators share some of these tendencies. Despite these issues, arts incubators remain a potentially impactful tool of cultural policy if their processes and activities align with their strategic goals and those processes and activities are assessed formatively and summatively.ii

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“…Cela tient au fait qu'une grande partie des incubateurs ne poursuit pas une logique de profit (Voisey, Gornall, Jones et Thomas, 2006). Par conséquent, les indicateurs financiers traditionnellement mobilisés pour juger de la performance d'entreprises privées ne peuvent pas être utilisés dans le contexte de l'incubation.…”

Section: Introductionunclassified

La performance des incubateurs

Bakkali

Messeghem

Sammut

2015

ipme

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Dans le champ entrepreneurial, la recherche sur les incubateurs prend un poids sans cesse grandissant. Le rôle que ces structures sont censées jouer dans la réussite des entrepreneurs explique cet intérêt croissant du monde académique. Ce dernier s’intéresse tout particulièrement à la question de la performance des incubateurs. Ce questionnement est d’autant plus prégnant aujourd’hui que le contexte actuel est marqué par une limitation de la ressource publique qui amène à s’interroger avec davantage d’insistance sur l’efficacité de structures financées le plus souvent par des collectivités locales. Néanmoins, la recherche sur la performance des incubateurs n’a pour l’heure pas encore été en mesure de faire émerger un modèle de mesure pleinement satisfaisant. En effet, les premiers travaux ont eu trop tendance à appréhender la performance des incubateurs sous l’angle d’une seule perspective. Des travaux plus récents ont cependant montré que le balanced scorecard peut constituer un moyen de pallier ces limites grâce à une mesure équilibrée de la performance. C’est pourquoi cette contribution se propose d’identifier des dimensions et indicateurs permettant de mesurer la performance des incubateurs par le biais du balanced scorecard. À partir d’une étude quantitative, fondée sur un questionnaire en ligne auquel 109 responsables d’incubateur français ont répondu, ce sont 12 dimensions et 35 indicateurs de performance qui ont été validés. D’un point de vue théorique, cette validation empirique montre l’intérêt d’agréger les multiples dimensions de la performance des incubateurs au sein d’un même modèle de mesure. D’un point de vue managérial, les financeurs et les responsables d’incubateur se voient offrir un nouvel outil de mesure et de pilotage de la performance qui tient compte de toute la complexité de l’incubation.

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The measurement of success in a business incubation project

Cited by 109 publications

References 11 publications

The social profitability of business incubators: a measurement proposal

The social profitability of business incubators: a measurement proposal

Value Creation and Evaluation in Arts Incubators

La performance des incubateurs

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