The Klofsten Business Platform as a self-diagnostic tool for new technology-based small firms

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Yencken, John and Gillin, Murray (2006) The Klofsten Business Platform as a self-diagnostic tool for new technology-based small firms. In: The 14th Annual High Technology Small Firms Conference : May 11-13, 2006 + May 10, 2006 Doctoral Workshop, University of Twente, Enschede, The Netherlands., 10 May 2006 - 13 May 2006, Enschede, The Netherlands .

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Event: The 14th Annual High Technology Small Firms Conference : May 11-13, 2006 + May 10, 2006 Doctoral Workshop, University of Twente, Enschede, The Netherlands., 10 May 2006 - 13 May 2006, Enschede, The Netherlands
Abstract:This paper first reviews available instruments that might be used by new technology-based small firms (NTSFs) as self-diagnostic tools to plan their future development strategies. It makes a clear distinction between tools that are for self-diagnostic internal use by such ventures and the more established tools, such as Timmons “fatal flaw analysis” and Bell-Mason, designed to assist venture capital investors in decisions whether to invest or not in a new company. The paper then analyses the application of the Klofsten Business Platform with its eight Cornerstones as a comparative diagnostic tool in over twenty case studies to the understanding of the early stages of development of new technology-based spin-off ventures from Australian and Scottish universities. The analysis is longitudinal over a period of up to six years for surviving companies. Survival rates for the sample have been compared with overall survival rates of spin-off and other new ventures in Australia.
Item Type:Conference or Workshop Item (Paper)
Link to this item:http://purl.utwente.nl/proceedings/140
Organisation URL:http://www.utwente.nl/bms/nikos/
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