Business Incubation - How to Manage the Know-how Transfer

Master's Thesis from the year 2011 in the subject Business economics - Business Management Corporate Governance grade: 10 Anglia Ruskin University (Lord Ashcroft Business Faculty) course: Entrepreneurship / Business Incubation language: English abstract: Entrepreneurial know-how is a critical issue for the success of an innovative business formation. It is the business incubator's mission to transfer the required know-how to the entrepreneur.This inductive study explores the practiced know-how transfer processes. The research methods are various and used in a mixed combination by analysing secondary data of best practices by the use of interviews with experts and by a questionnaire survey with business incubators. The results show that the know-how transfer is mostly done in a long lasting resource consuming process due to the belief that the entrepreneur must be capable of facing all entrepreneurial challenges in a way that shows a high level of quality. The entrepreneur must have special abilities and skills in various fields. Besides profound technical and business managerial know-how the entrepreneur must have many personal qualifications for the entrepreneurship as well as the ability to recognise opportunities and to make decisions.Based on these findings the dissertation presents a conceptual framework of an efficient know-how management - the Next Practice Approach (NPA). The NPA designs the know-how transfer process with a clearly lower consumption of resources on the incubators' and entrepreneurs' side. The entrepreneur must acquire considerably less know-how and executes the business formation even faster and with a higher quality compared with the currently practiced processes.