Seven Strategic Issues for STP Management; Two Perspectives

There are an ever increasing number of declared Science and Technology Parks (STPs), and Business Incubators (BIs), around the world and there are just as many established quality benchmarks and performance indicators for their management. There will always, depending upon which evaluation techniques are used, be some STPs that are deemed successful whilst others are seen as less so. Beyond the basics of running a STP, STP managers will need 'answers to a number of key challenges they face if they want to achieve a highly distinctive performance. Through observation and reflection seven such challenges have been identified.1.Corporate Social Responsibility2.Environmental Sustainability3.Mentoring and Coaching4.Economic and Financial Viability5.Preparing Businesses for Growth6.Churn Strategy7.Justifying their ExistenceThe seven challenges will be approached from two perspectives; one strategic and the other a practical 'get the job done viewpoint.