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: | 10.1080/08985626.2019.1600238 |
| Dates: | Date Event 14 February 2019 Accepted 16 April 2019 Published Online |
| Uncontrolled Keywords: | Small Towns, manufacturing firms, entrepreneurship and embeddedness, linked enterprise structures, adaptation strategies, path dependency, sunk costs, Southern Staffordshire |
| Subjects: | CAH17 - business and management > CAH17-01 - business and management > CAH17-01-02 - business studies |
| Divisions: | Faculty of Business, Law and Social Sciences > College of Accountancy, Finance and Economics Faculty of Business, Law and Social Sciences > College of Business, Digital Transformation & Entrepreneurship |
| Depositing User: | Jacob Salder |
| Date Deposited: | 14 Mar 2019 12:27 |
| Last Modified: | 20 Jun 2024 12:06 |
| URI: | https://www.open-access.bcu.ac.uk/id/eprint/7107 |
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