@inproceedings{Storey1994AnAO,
title={An assessment of firms located on and off Science Parks in the United Kingdom},
author={David J. Storey and Paul Westhead},
year={1994}
}This study assesses the effectiveness of science parks as a location for high technology or knowledge-based firms. Science parks provide key benefits to tenants: close proximity to a university, opportunities for links and inter-trading between firms, management facilities and quality accommodations, and the opportunity for academics to commercialize their business ideas. This study compares the performance and characteristics of firms located in science parks in the UK with comparable firms… This is a preview. Log in through your library. Abstract One logical way to assess the performance of Science Parks is to compare the performance of their firms to similar firms not located there. A total of 273 new technology-based firms (NTBFs) were surveyed, of which 134 were on a Science Park and 139 were not on a park. There were significant differences in the means of strategy dimensions between the on-Park and off-Park firms. It can be seen that the NTBFs who located in Science Parks showed significantly greater emphasis on firm characteristics as innovation ability, competitor- and market-orientation, sales and employment growth, high profits etc. The differences indicates a slight advantage for the Science Park firms. The off-Park sample reported proximity to other firms to be of higher importance than the on-Park sample in their choice of location. However, these differences do not show any clear pattern, making it difficult to understand if NTBFs who locate on Science Parks are systematically looking for something different in their location. Journal Information Entrepreneurship is increasingly important as a scholarly field. Small Business Economics provides an invaluable forum for research and scholarship focusing on the role of entrepreneurship and small business. The journal has a broad scope and focuses on multiple dimensions of entrepreneurship, including entrepreneurs' characteristics, new ventures and innovation, firms' life cycles; as well as the role played by institutions and public policies within local, regional, national and international contexts. Small Business Economics publishes theoretical, empirical, and conceptual papers and encourages interdisciplinary and cross-disciplinary research from a broad spectrum of disciplines and related fields, including economics, finance, management, psychology, regional studies, sociology and strategy. Publisher Information Springer is one of the leading international scientific publishing companies, publishing over 1,200 journals and more than 3,000 new books annually, covering a wide range of subjects including biomedicine and the life sciences, clinical medicine, physics, engineering, mathematics, computer sciences, and economics. Rights & Usage This item is part of a JSTOR Collection. 1. _______________ actions by an entrepreneur is most likely to contribute to creative destruction. A. Development of a new product 2. The resistance of employees in an organization against flexibility,
growth, and diversification can be overcome by developing_____________. A. Entrepreneurship 3. ______________ shows the process of creating something new. A. Innovation 4. Which one of the following is an advantage of the small firm in the innovation process? A. Ability of the entrepreneur to carry out multiple tasks 5. The goals should be ____________ for the success of business plan. A.
Generalized 6. _________________ gives suggestions for new product and also help to market new products. A. Existing products and services 7. External links may provide incentives to ______________. A.
Attend business exhibitions 8. LMM stands for: A. Local Marble Market 9. _____________________ is used by entrepreneurs to acquire experience in an international market before making a major commitment. A. Minority interest 10. Firms located on science parks are ____________ as compared to those located off science parks. A. Less innovative 11. ________________ is NOT essential part of the contract. A. Place where contract takes place 12. GATT is established in 1947, under____________. A. German leadership  What makes science parks successful?Large, diverse, metropolitan regions in established developed economies are one of the key factors influencing the success of science parks and other areas of innovation because of easy access to skilled human labour, financial investment, support institutions, face-to-face meetings and so on.
What is the importance of science park in school?Science Parks are an effective way to stimulate a culture of innovation and to grow associated, knowledge-based businesses. The infrastructure creates an ecosystem of industry specialists who feed into a 'knowledge economy', which in turn attracts and supports world-class talent.
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Firms located on science parks compared to those located off science parks are
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