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Measuring the performance of business incubators

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  • VANDERSTRAETEN, Johanna
  • MATTHYSSENS, Paul
  • VAN WITTELOOSTUIJN, Arjen

Abstract

This paper focuses on incubator performance measurement. First, we report the findings of an extensive literature review. Both existing individual measures and more comprehensive measurement systems are discussed. This literature review shows that most incubator researchers and practitioners only use one or a few indicators for performance evaluation, and that existing measurement systems do not recognize the importance of short, medium and long-term results, do not always include an incubator’s strategic objectives and are neither easily comprehensible nor accessible. Moreover, there is no link between performance measurement and its influence on incubator employees. To tackle the weaknesses found in existing literature, we suggest to employ Kaplan and Norton’s strategy map and balanced scorecard. Based on the results of a qualitative empirical study, we translate these tools to the context of not-for-profit economic development incubators and test their practical usefulness. We call the tools the SMEDI (Strategy Map for Economic Development Incubators) and BSEDI (Balanced Scorecard for Economic Development Incubators). In a concluding section, we discuss the paper’s main contributions and limitations, and reflect on a few possible future research avenues.

Suggested Citation

  • VANDERSTRAETEN, Johanna & MATTHYSSENS, Paul & VAN WITTELOOSTUIJN, Arjen, 2012. "Measuring the performance of business incubators," Working Papers 2012012, University of Antwerp, Faculty of Business and Economics.
    • Handle: RePEc:ant:wpaper:2012012
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    References listed on IDEAS

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    4. Phillip Phan & Donald S. Siegel & Mike Wright, 2016. "Science Parks and Incubators: Observations, Synthesis and Future Research," World Scientific Book Chapters, in: Phillip H Phan & Sarfraz A Mian & Wadid Lamine (ed.), TECHNOLOGY ENTREPRENEURSHIP AND BUSINESS INCUBATION Theory • Practice • Lessons Learned, chapter 9, pages 249-272, World Scientific Publishing Co. Pte. Ltd..
    5. Michael Schwartz, 2009. "Beyond incubation: an analysis of firm survival and exit dynamics in the post-graduation period," The Journal of Technology Transfer, Springer, vol. 34(4), pages 403-421, August.
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    10. G Tomas M Hult & David J Ketchen & David A Griffith & Brian R Chabowski & Mary K Hamman & Bernadine Johnson Dykes & Wesley A Pollitte & S Tamer Cavusgil, 2008. "An assessment of the measurement of performance in international business research," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 39(6), pages 1064-1080, September.
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    1. Nobuya Fukugawa, 2018. "Is the impact of incubator’s ability on incubation performance contingent on technologies and life cycle stages of startups?: evidence from Japan," International Entrepreneurship and Management Journal, Springer, vol. 14(2), pages 457-478, June.
    2. Radosław Wolniak & Michalene Eva Grebski & Bożena Skotnicka-Zasadzień, 2019. "Comparative Analysis of the Level of Satisfaction with the Services Received at the Business Incubators (Hazleton, PA, USA and Gliwice, Poland)," Sustainability, MDPI, vol. 11(10), pages 1-22, May.

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    Keywords

    Business incubator; Performance measurement system; Performance measure; Balanced scorecard; Strategy map;
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