The Klofsten Business Platform as a self-diagnostic tool for new technology-based small firms

John Yencken, Murray Gillin

Research output: Chapter in Book/Report/Conference proceedingConference contributionAcademic

Abstract

This paper first reviews available instruments that might be used by new technology-based small firms (NTSFs) as self-diagnostic tools to plan their future development strategies. It makes a clear distinction between tools that are for self-diagnostic internal use by such ventures and the more established tools, such as Timmons “fatal flaw analysis” and Bell-Mason, designed to assist venture capital investors in decisions whether to invest or not in a new company. The paper then analyses the application of the Klofsten Business Platform with its eight Cornerstones as a comparative diagnostic tool in over twenty case studies to the understanding of the early stages of development of new technology-based spin-off ventures from Australian and Scottish universities. The analysis is longitudinal over a period of up to six years for surviving companies. Survival rates for the sample have been compared with overall survival rates of spin-off and other new ventures in Australia.
Original languageEnglish
Title of host publicationProceedings of the 14th Annual High Technology Small Firms Conference and Doctoral Workshop 2006
EditorsGloria Rossini
Place of PublicationEnschede
PublisherUniversity of Twente
Number of pages20
ISBN (Print)9789081078412
Publication statusPublished - 2006
Externally publishedYes
Event14th Annual High Technology Small Firms Conference, HTSF 2006 - University of Twente, Enschede, Netherlands
Duration: 11 May 200613 May 2006
Conference number: 14

Conference

Conference14th Annual High Technology Small Firms Conference, HTSF 2006
Abbreviated titleHTSF
CountryNetherlands
CityEnschede
Period11/05/0613/05/06

Fingerprint

Dive into the research topics of 'The Klofsten Business Platform as a self-diagnostic tool for new technology-based small firms'. Together they form a unique fingerprint.

Cite this