The Relevance of Routinizing Behaviours in the Development of Academic Spinoffs

In the early days of a new venture, behaviours are often unorganized and remain largely disordered. Therefore, routinizing behaviours is essential for new ventures to perform activities consistently and reliably. Without routinization, new ventures can suffer from confusion and a lack of clarity that may undermine their ability to continuously transform ideas into new products, processes, or services. The founder or founding team (academics in the case of ASOs), who embody the scientific knowledge and experience, typically attempt to transform their ideas into commercial ends. While these members might see their shared vision and understanding as sufficient to handle day-to-day activities, the truth is that these early characteristics of the new venture are not enough to surmount the obstacles to its long-term development. New ventures, as social systems, need to learn and routinize behaviors for stabilizing organizational activities.