Developing high-growth businesses in rural areas: A study of four U.S. States

Lamb, William; Sherman, Hugh D.

doi:10.1108/neje-13-02-2010-b001

Cited by 8 publications

(6 citation statements)

References 10 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The quality and level of development of business ventures in rural areas is lower than in urban areas, characterized by higher population densities, among other factors (McDaniel, 2002). Rural entrepreneurs place less importance on developing business ventures on an ever-increasing scale, while their activities focus more on relating and adapting to the prevailing rural culture and lifestyle (Lamb & Sherman, 2010).…”

Section: The Growing Importance Of Urbanized Areasmentioning

confidence: 99%

“…In order to develop economic ventures, business ventures, access to diverse forms of financing is needed. It's not only about the start-up and early growth phases, but also the subsequent phases of business development Among the greatest difficulties identified, barriers to business development in rural areas, the encouragement of venture capital funds to invest funds in early-stage businesses is mentioned first (Lamb & Sherman, 2010).Among small businesses, a greater number of jobs are created by start-ups (Kirchoff, 1994) against those characterized by longer periods of operation. A similar regularity, especially with regard to rural areas, may indicate the high importance of the business form of activity.…”

Section: The Growing Importance Of Urbanized Areasmentioning

confidence: 99%

See 1 more Smart Citation

Rural entrepreneurship

Kusio

2023

EiP

View full text Add to dashboard Cite

Motivation: The issue of rural development is an important topic from the perspective of the science of territorial development for several reasons. First, from the perspective of the growing importance of cities, with which the depopulation of the countryside is associated. Secondly, from the point of view of the development opportunities of non-urbanized areas, whose position in the context of fund distribution is weak. Finally, from the point of view of the possibility of diversifying food production, to which much attention is currently being paid in Europe and around the world. However, as studies show, not only the existence, but the development of rural areas is a determinant of the development of urban areas.Aim: The purpose of the article is to demonstrate that rural development continues to be a significant challenge, while especially important for this development is the involvement of people — entrepreneurial leaders.Results: As a result of the study, it was possible to gain input in the form of knowledge regarding the differential impact of the rural development factors identified in the study. The phenomenon of the possibility of digitization of social and business life, which has emerged as globalization has progressed, and quite clearly as a result of the pandemic, has shown that it is a factor of great importance in leveling the marginalization of rural areas. What’s more, the entrepreneurship of rural leaders is a key element in building strategies for the development of these areas, even outweighing the factor of a financial and administrative nature.

show abstract

Section: The Growing Importance Of Urbanized Areasmentioning

confidence: 99%

Section: The Growing Importance Of Urbanized Areasmentioning

confidence: 99%

Rural entrepreneurship

Kusio

2023

EiP

View full text Add to dashboard Cite

show abstract

“…Traditional strategies of business attraction whereby large corporations are incentivized to relocate to a local community leads to these corporations exploiting the resources contained in that community without regard for the sustainability of such exploitation (Lamb & Sherman, 2010;Wang, 2018). This is because these corporations are not headquartered in these communities, and are only there for what they can get (Conroy et al, 2016;Peter, 2017).…”

Section: Stream 1: Reasoned Arguments On Why Economic Gardening Is Anmentioning

confidence: 99%

Developing A Nigerian Local Government Through Economic Gardening: A Roadmap

Zubairu

Kolo²,

Umar³

et al. 2019

scj

View full text Add to dashboard Cite

Economic Gardening is an innovative economic development strategy whereby local businesses are fostered and encouraged, and the skills of local workers are upgraded. Since its inception in Littleton, Colorado in 1989, this concept has been put forward by various scholars as a viable and more sustainable economic development strategy than the traditional business attraction strategy. Various implementation experiences have provided further evidence of its effectiveness in improving the quality of life of the inhabitants of a community. This paper charts a roadmap for the development and future implementation of an economic gardening strategy for a Nigerian local government whose officials have shown an interest in adopting such a strategy. A seven-step process was adopted from a review of economic gardening scholarship: 1) Working hand-in-hand with local government officials and other stakeholders, 2) Identifying the community’s assets, 3) Developing a collaborative effort amongst all stakeholders, 4) Developing a clear and transparent operating agreement, 5) Identifying the key targets for services, 6) Developing an effective way to deliver these services, and 7) Communicating regularly with the community so as to gain and retain their support. A lack of political will and a lack of adequate infrastructure were identified as the two biggest obstacles to the successful implementation of the economic gardening strategy in the local government. The first obstacle was mitigated by the fact that it was the local government officials who approached our team to develop the strategy, whilst the second obstacle was mitigated by a proposal for the development of a solar farm within the local government via a public-private partnership with an international solar firm. It is hoped that a successful implementation of this strategy will improve the lives of the inhabitants of the local government and serve as an example for other Nigerian local governments.

show abstract

“…Location, natural resources, social capital, business networks and technology exert complex, dynamic influences on entrepreneurial activity (Hauser, 2000). However, the current literature is mainly based on developed countries, such as the USA (Hunt et al , 2021; Lamb and Sherman, 2010; McGranahan et al , 2011) or European countries (Bosma and Sternberg, 2014; Bosworth, 2012; Pato and Teixeira, 2016), while developing regions, such as Latin America, have received little attention. In South America, rurality has unique conditions that make this region an ideal candidate for a comparison study (Aguinis et al , 2020): not only may this region feature contrasts between urban and rural settings that are starker than those observed in previous studies, but it is also characterised by a plethora of indigenous communities, a lack of facilities and urbanisation, high levels of poverty and one of the most complex and diverse biospheres on the planet (Macpherson et al , 2021).…”

Section: Introductionmentioning

confidence: 99%

Drivers of growth expectations in Latin American rural contexts

Mahn

Lecuna

Chávez

et al. 2022

JEEE

View full text Add to dashboard Cite

Purpose Given the importance of growth-oriented entrepreneurship in the context of economic development and the need to understand how rural communities can be developed, the purpose of this research paper is to determine how the drivers of growth expectations differ between urban and rural settings. Design/methodology/approach The methodology is threefold: firstly, a descriptive analysis with non-parametric testing is conducted; then pooled regression model is used to analyse the predictors of growth expectations in both contexts, and finally, coarsened exact matching is used to identify possible self-selection bias. Findings In contrast to mainstream entrepreneurship theory, it is found that entrepreneurs’ intrinsic knowledge, skills and abilities are not significant in the rural-specific model. The only exception is entrepreneurs’ educational level, the importance of which is emphasised as a pivotal factor in increasing high-growth ventures in rural communities. Additionally, when self-selection is eliminated, rurality worsens growth intentions. Practical implications There is evidence that some growth-oriented entrepreneurs self-select into rural communities. Because the high-growth entrepreneurial dynamics in rural areas are unique, public policies should target purpose-driven entrepreneurial education. This includes encouraging “lifestyle entrepreneurship” (e.g. retirees returning to rural areas to become entrepreneurs), preventing entrepreneurial brain drain in rural areas and attracting highly educated urban entrepreneurs to exploit opportunities in rural areas. Originality/value This research attempts to contribute to the ongoing debate regarding the factors that drive high-growth entrepreneurs in rural areas by analysing rural entrepreneurs in the high-growth context of a developing economy. The focus is on Chile – a country that is rarely investigated compared to the USA or Europe – to extend the literature on high-growth ventures and entrepreneurial ecosystems.

show abstract

Developing high-growth businesses in rural areas: A study of four U.S. States

Cited by 8 publications

References 10 publications

Rural entrepreneurship

Rural entrepreneurship

Developing A Nigerian Local Government Through Economic Gardening: A Roadmap

Drivers of growth expectations in Latin American rural contexts

Contact Info

Product

Resources

About