Economic Progress and Entrepreneurial Innovation: Case Studies from Memphis

Carden, Art

doi:10.2139/ssrn.1536088

Abstract

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Economic Progress and Entrepreneurial Innovation: Case Studies from Memphis

Art Carden

affiliation not provided to SSRN

March 2, 2010

Abstract:
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)

affiliation not provided to SSRN