A Proposal for a Standard With Innovation Management System

Den
Cen
.86
Tie
.77
Tru
Qua
Rep
Rec
.81
.46
.79
.22
.86
Thanh Huynh, Daniel Aranda and Luis Molina-Fernández
STRUC
GOVER
.73
Tech Hum Org
OECAP
.83
.29 .80
CONT Social networks Entrepreneurial
capability
.51
.55
.72
NSCAP
Str Com
FPER
Spin-off's
performance
(All estimates are significant at the 0.05 level, all error terms omitted for clarity)
Figure 1: Parameter estimates for the theoretical model
.37
.39
.53
.73
.60
.52
.54
OPER
This study conduces to the entrepreneurship theory by introducing another approach in foundation's
successes and spin-off's performance measurements. It describes the contributions of both social
networks and entrepreneurial capabilities in the foundation's processes and business performances.
This study also indicated the benefits in measuring the performances of spin-offs based on both
financial and operational performances. This study partially enriches the entrepreneurship theory by
covering the gap in researching the relationship between the pre-established factors and postestablished
outcomes.
The results from measurement model and CFAs indicated that the study necessitates further
improvement. Most of the scales indicated high composite reliabilities except the scales measured
network reputation. Basing on the internet-based survey, the further studies can extend the location to
European university spin-offs that can generate more reliable results and refinements in the academic
entrepreneurship. The further research can focus on the influences of social networks on the spin-off
performances toward the approach based on three dimensions of networks. This study only evaluated
the network characteristics of entrepreneurs in the creation's period. These characteristics can be
changed over time because of the new individual attendances or changing in relationships. The spinoffs
can recruit more employees with relationship and capability additions. Each dimension of
networks can variously influence the outcomes of the firms. Most of the prior studies have focused on
the network analysis rather than network approach. This suggestion differs from prior studies
according to the structure, governance, and content dimension approach.
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