Placing Entrepreneurship and Firming Small Town Economies: Manufacturing Firms, Adaptive Embeddedness, Survival and Linked Enterprise Structures

Salder, Jacob and Bryson, John R (2019) Placing Entrepreneurship and Firming Small Town Economies: Manufacturing Firms, Adaptive Embeddedness, Survival and Linked Enterprise Structures. Entrepreneurship and Regional Development, 31 (9). pp. 806-825. ISSN 0898-5626

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Abstract

SMEs make a major contribution to the economy of cities and places. The relationship between firms and place is increasingly explained through the application of city-based externality models. Such explanations have limited validity in a number of contexts. One of these is in the economies of small- and medium-sized towns and communities (SMST). Whilst convention has sought to apply core-periphery explanations to the functioning of firms within SMSTs, the economies of SMSTs and entrepreneurial processes of SME embedding, adaptation and survival in such places are more complex. This paper explores these entrepreneurial processes in the context of manufacturing firms in five SMSTs in the West Midlands, UK. The paper uses interview data to understand the relationships between SMEs and place through the development of successive and evolving linked enterprise structures. Through these linked enterprise structures, SMEs engage in a process of adaptive embeddedness, resulting in new resource configurations through fluid iterations of structural, emotional, and circumstantial embeddedness. This paper is the first to identify and explore these different forms of embeddedness.

Item Type: Article
Identification Number: https://doi.org/10.1080/08985626.2019.1600238
Date: 16 April 2019
Uncontrolled Keywords: Small Towns, manufacturing firms, entrepreneurship and embeddedness, linked enterprise structures, adaptation strategies, path dependency, sunk costs, Southern Staffordshire
Subjects: N100 Business studies
Divisions: Faculty of Business, Law and Social Sciences > Birmingham City Business School > Centre for Enterprise, Innovation and Growth
Depositing User: Jacob Salder
Date Deposited: 14 Mar 2019 12:27
Last Modified: 16 Oct 2020 03:00
URI: http://www.open-access.bcu.ac.uk/id/eprint/7107

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