Evolution of Innovation Network Governance Mode from Analysis of University Spin-Off Companies' Growth: a Case Study of Neusoft Group

摘要

This paper optimized the transaction costembeddedness approach, and applied it to the growth of university spin-off companies. The growth process of Neusoft Group is discussed in details, and the corresponding network governance mode of every growth stage is analyzed as following: at the venture stage, the businesses have limited strength, and need to be embedded to the university's network for resources; at the growing stage where they are growing, and already have some resources, the businesses are still in need of investment and technical support from universities, and then a semi-embedded network governance mode is employed; at the grown stage, the businesses have become almost completely independent, and they own and control the strategic network resources which support their edge-leading services, so that the union governance mode is applied. The conclusions can be drawn from the growth process of university spin-off companies that the evolution of innovation network governance has obvious regularity.