PhD Innovation Seminar Series: Critical Factors in Start-ups and Emerging Firms
European studies on new firm start-ups highlight the persistent difficulty of such firms to grow. At the same time, few good models exist to monitor the early development of new business ventures, thus giving reliable indicators as to the relative progress of the firm. This workshop will focus on one of the most frequently used models in Scandinavia, the Business Platform model. The methodology is based on the premise that all business ventures which wish to grow must attain a “business platform”. To do so, the firm must obtain a balanced scorecard on a total of 8 critical factors or cornerstones which are essential to the firm’s growth and development. The module will focus on defining a successful firm – reaching the business platform of stability, the problem of breaking out of the early development phase, the 8 cornerstones of stability – assessing how far each is present in a business, case study work in groups and presentations and feedback.
- Defining a successful firm – reaching the business platform of stability. The problem of breaking out of the early development phase. The cornerstones/factors behind stability – assessing how far each is present in a business
- Case study work in groups, presentations and feedback
Magnus Klofston is Professor in Innovation & Entrepreneurship and founding director of Centre for Innovation and Entrepreneurship (CIE) at Linköping University. Sweden.
His research is oriented towards the early growth and development of technology-based firms, financing young ventures and university-industry relations. Over the years he has built up thorough experience of planning and implementation of different growth and development programs for technology-based firms.
He has publications in frontier journals in the field of Entrepreneurship and Innovation.