Business Model of Science and Technology Parks : Comparison of European Best Practice
Year: 2014
Type: article
Abstract: The functioning of science and technology parks ought to be based on a business model, which should specify not only the way of action, but also describe how the park plans to make a profit, create the value and meet the needs of different groups of customers. The business model is thus a potential source of competitive advantage. Developing a business model and related strategies should be based above all on the analysis of solutions adopted in parks operating in developed markets and look at own situation from the perspective of other parks residents, its own employees and those jointly responsible for managing the park. Due to increasing competitiveness between science and technological parks located not only in the same country but also in the specific region of Europe, the elaboration of unique business model of its operating is getting more attention from both practitioners and academics. Despite the differences between parks, certain comparative areas may be indicated, as well as the elements increasing their attractiveness. Therefore the stories of particular science and technological parks should be examined in order to establish the key success factors of their functioning.
Authors: Marek Zieliński, Anna Rogala, Masaaki Takemura
Institution: Meiji University
Language: English
Subfield: Management of Technology and Innovation
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W984259597