Spin-offs as Strategies in Small and Medium Entreprises
نویسندگان
چکیده
Spin-offs – the process by which employees of an established organization leave this organization in order to create a new one – are a common phenomenon. In certain industries, such as management consulting, they even constitute the prevailing mode of entry (Garvin, 1983). Spin-offs are an inevitable by-product of Corporate Entrepreneurship programs and as such rather frequent in hi tech companies where employees are strongly encouraged to develop new activities. In 1998, corporate spin-offs represented almost 13% of all new firms created in Europe (European Commission, 1999).
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