Research on the Fitness between Motivation and Mechanism of Business Incubators

Abstract

Abstract:

This paper conducts the exploratory single case study with embedded units to identify the incubation motivation and governance mechanism of business incubators as well as the fitness between them. The case selected is Dalian Venture Workshop Technology Service Co. Ltd, which is a leader among all business incubators in northeast China. We first dissect the incubation motivation of business incubators based on entrepreneur anticipation and project anticipation, and identify the four incubated orientations:incubated stars, incubated entrepreneurs, incubated projects and incubated chicken ribs. Further, we find that there is a fitness relationship between the incubation motivation and governance mechanism for business incubators. To different incubation motivations based on "Entrepreneur-Project" dual anticipation, business incubators adopt distinguished mechanisms:trust mechanism for incubated stars, contract mechanism based on trust for incubated entrepreneurs, trust mechanism based on contract for incubated projects, and contract mechanism for incubated chicken ribs. The cooperation risk level and long-term cooperation willingness of business incubators are the main determinants of this fitness. This paper proposes a fitness framework on "Incubation motivation governance mechanism" for business incubators, and provides practical suggestions for the managers of business incubators to incubate new ventures effectively.

Key words: business incubator, entrepreneur anticipation, project anticipation, governance mechanism, case study

Han Shaojie, Lv Yibo, Su Jingqin. Research on the Fitness between Motivation and Mechanism of Business Incubators[J]. , 2019, 31(11): 289-304.

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