The extraordinary revolutionary change the United States economy has gained the attention of internal structures, cultures, and strategies. Many has disagreed with large industrial companies on how to maintain in this new and growing economic order, one has to restructure his or her organization environments as a business incubator. To accomplish new and also the growing social economic opportunities are developing and commercializing new product, new processes, and new business models among others. The goals and objectives are to require firms to pursue and gain creativity, innovation, and entrepreneurship. Companies can also embrace changes and adopt business incubation as a strategy. The fact is because this not being set up for only new companies are known as a technology-driven also for large industrial corporations.
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” With this concept this should allow managers to view his or her organization as a business incubator that may have certain kinds of structures, cultures, values, beliefs, norms, etc., and also polices.
The development and diffusion of business incubators has been indicative of changes within the United States economy. This has become known as the “industrial age” as well as the “information age.” Certain conditions today has set roles and contribution of firms, new businesses starting up, and small business has made it necessary to regional and also national economies. This known to be part of the realization showing the importance in the business world today and is fix totally in both natural and physical resources as well as in people. One of the important task is showing business leaders and executives how to create and maintain an organization culture capable of know how to deal with human ingenuity or the necessary resource.
Another, factor is that business incubation programs are set up in a multidimensional resources as well as technology. Business incubators also has set up incubation programs, activities that events can provide certain guide- lines to process the creation and maintenance the viable networks within the company even companies outside the network.
Last, business incubators are versatile organizations has forms that has unlimited potential. Now with many diverse organization a company can show the context and capable of showing productive. This can allow companies to be known as stand-alone organization attached to traditional research and development programs.
In conclusion, business incubators shows that regardless of the reason or whether it is social or economic the logic reason is showing how entrepreneurship, innovation, and creativity, a business may provide a major platform to reach ones interest and passion that has set organizational goals. This can also show a concrete and well set or policies and programs with companies.
Joseph P. Eshun Jr. (2009). Business incubation as strategy. Business Strategy Series, 10(3), 156-166. Retrieved May 21, 2010, from ABI/INFORM Global. (Document ID: 1882777971).