Creating a Technology-Based Entrepreneurial Economy: A Resource Based Theory Perspective
G. Page West III
Wake Forest University
Charles E. Bamford
University of Richmond - E. Claiborne Robins School of Business
May 4, 2011
Journal of Technology Transfer, Vol. 30, No. 4, 2005
Academic research has identified a broad array of resources that exist in communities that have an established technology-based entrepreneurial venture population. These studies have focused upon well-known areas such as the Silicon Valley, the 128 loop in Boston and Austin, Texas.Yet even in these relatively homogeneous environments the studies have been highly inconsistent in their findings as to what bundle of resources might be critical in attracting new ventures. Many other communities have either been unsuccessful or only marginally successful in their efforts to recreate the magic of Silicon Valley. We utilize a Resource-Based model to suggest that communities develop unique bundles over time and that the development of these bundles in a particular geographic area is neither linear nor easily replicable.
Number of Pages in PDF File: 19
Keywords: economic development, entrepreneutrship, resource based theory
JEL Classification: 01, 021, 03, R11, R58
Date posted: May 9, 2011
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