Creating a Technology-Based Entrepreneurial Economy: A Resource Based Theory Perspective

19 Pages Posted: 9 May 2011  

G. Page West III

Wake Forest University

Charles E. Bamford

University of Richmond - E. Claiborne Robins School of Business

Date Written: May 4, 2011

Abstract

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.

Keywords: economic development, entrepreneutrship, resource based theory

JEL Classification: 01, 021, 03, R11, R58

Suggested Citation

West, G. Page and Bamford, Charles E., Creating a Technology-Based Entrepreneurial Economy: A Resource Based Theory Perspective (May 4, 2011). Journal of Technology Transfer, Vol. 30, No. 4, 2005. Available at SSRN: https://ssrn.com/abstract=1831922

G. Page West III (Contact Author)

Wake Forest University ( email )

Schools of Business
P O Box 7285
Winston-Salem, NC 27109-7285
United States

Charles E. Bamford

University of Richmond - E. Claiborne Robins School of Business ( email )

Richmond, VA 23173
United States

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