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Business models for research-based spin-offs: the strategic entrepreneurship perspective

Business models for research-based spin-offs: the strategic entrepreneurship perspective The case study focuses on business model design in the context of research-based spin-offs. Drawing from the idea of complementary business models based on the concepts of exploration, exploitation and strategic entrepreneurship (SE), the case study shows how a two-by-two business model was designed for a university-based start-up. The data for the action researchrelated case study comprise theoretical papers, documents, interviews and a field diary, which were subjected to qualitative content analysis. The findings indicate how business firms in general and start-ups in particular could benefit from complementary business models based on the basic ideas of SE. Keywords: business model; exploitation; exploration; research-based spin-off; start-up; strategic entrepreneurship. Reference to this paper should be made as follows: Niskanen, J., Piispanen, V-V. and Montonen, T. (2017) `: the strategic entrepreneurship perspective', Int. J. Knowledge Management Studies, Vol. 8, Nos. 1/2, pp.38­53. Biographical notes: Jukka Niskanen, MSc, works as an independent management consultant in cooperation with small innovative companies operating in the building industry and the contract furnishing sector in particular. His daily work is connected to the development of business models in real business environments together with his customers. Dr Ville-Veikko Piispanen is a project researcher at the University of http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png International Journal of Knowledge Management Studies Inderscience Publishers

Business models for research-based spin-offs: the strategic entrepreneurship perspective

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Publisher
Inderscience Publishers
Copyright
Copyright © 2017 Inderscience Enterprises Ltd.
ISSN
1743-8268
eISSN
1743-8276
DOI
10.1504/IJKMS.2017.084392
Publisher site
See Article on Publisher Site

Abstract

The case study focuses on business model design in the context of research-based spin-offs. Drawing from the idea of complementary business models based on the concepts of exploration, exploitation and strategic entrepreneurship (SE), the case study shows how a two-by-two business model was designed for a university-based start-up. The data for the action researchrelated case study comprise theoretical papers, documents, interviews and a field diary, which were subjected to qualitative content analysis. The findings indicate how business firms in general and start-ups in particular could benefit from complementary business models based on the basic ideas of SE. Keywords: business model; exploitation; exploration; research-based spin-off; start-up; strategic entrepreneurship. Reference to this paper should be made as follows: Niskanen, J., Piispanen, V-V. and Montonen, T. (2017) `: the strategic entrepreneurship perspective', Int. J. Knowledge Management Studies, Vol. 8, Nos. 1/2, pp.38­53. Biographical notes: Jukka Niskanen, MSc, works as an independent management consultant in cooperation with small innovative companies operating in the building industry and the contract furnishing sector in particular. His daily work is connected to the development of business models in real business environments together with his customers. Dr Ville-Veikko Piispanen is a project researcher at the University of

Journal

International Journal of Knowledge Management StudiesInderscience Publishers

Published: Jan 1, 2017

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