References (23)



Economic Progress and Entrepreneurial Innovation: Case Studies from Memphis

Art Carden

Brock School of Business, Samford University

March 2, 2010

Entrepreneurial innovation encourages economic progress, and an institutional climate that encourages risk taking, rewards success, and weeds out failure is essential to a well-functioning economic system. This essay explores a cluster of path-breaking entrepreneurial innovations with common roots in Memphis, Tennessee: Piggly Wiggly’s popularization of self-serve grocery shopping, Holiday Inn’s innovations in standards and quality, Autozone’s adaption of insights from other industries, and FedEx’s creation of a distribution network that has made overnight shipping a reality.

Number of Pages in PDF File: 21

Keywords: Entrepreneurship, Memphis, error, profit, loss, maladjustment

JEL Classification: B53, L26, O10

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Date posted: January 15, 2010 ; Last revised: March 4, 2010

Suggested Citation

Carden, Art, Economic Progress and Entrepreneurial Innovation: Case Studies from Memphis (March 2, 2010). Available at SSRN: http://ssrn.com/abstract=1536088 or http://dx.doi.org/10.2139/ssrn.1536088

Contact Information

Art Carden (Contact Author)
Brock School of Business, Samford University ( email )
800 Lakeshore Drive
Birmingham, AL 35229
United States
HOME PAGE: http://www.artcarden.com
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