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Adaptive Strategies of Business Incubators During Economic Crises in Russia

Student: Evgeniy Savenkov

Supervisor: Evgeny Tsaplin

Faculty: Graduate School of Business

Educational Programme: Management (Bachelor)

Final Grade: 7

Year of Graduation: 2016

Many studies have considered business incubators regarding their role in supporting small innovative companies, however, despite this attention, previous research has insufficiently covered the issue of incubating process and business incubator strategy. This study attempts to empirically provide insights into the nature of patterns and strategies of adaptation that business incubators in Russia initiate during economic downturns. The problem of incubator strategy adaptation during recessions has been totally neglected in prior studies. This research uses the method of a case study and argues that business incubators are highly dependent on external environment, and its strategy should be coherent with the economic situation in the country and government policy to meet expectations of stakeholders. Results from a case study of the HSE business incubator illustrate that the incubator employs certain patterns of strategy adaptation to the present economic recession in Russia particularly taking a pro-active position in fighting the crisis and focusing on elaborating more flexible incubation model with shorter incubation programs and less rigorous screening practices.

Full text (added May 20, 2016)

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