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Business Development Support and Knowledge-Based Businesses

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  • Gary Gorman
  • Sean McCarthy

Abstract

Knowledge-based businesses are vital to the economic development and revitalization of many regions, especially areas that have experienced a decline in traditional industries. Notwithstanding the importance of KBBs to areas with marginal economies, little is known about the business development support requirements of these firms and the extent to which their support needs are being met. Through the use of a telephone survey, this empirical study investigates the demand-side perspectives and experiences of entrepreneurs in a peripheral region of Canada to determine the types and sources of support used at various stages of business development, and to identify potential support gaps. Findings indicate support used by KBBs differs from more traditional firms and that support needs change as firms move through the life cycle. There appears to be a low level of awareness among firms in the study region of available support services and a perception that support beyond the start-up stage is generally lacking. These findings have important implications for researches and for agencies with a business development support mandate. Copyright Springer Science+Business Media, Inc. 2006

Suggested Citation

  • Gary Gorman & Sean McCarthy, 2006. "Business Development Support and Knowledge-Based Businesses," The Journal of Technology Transfer, Springer, vol. 31(1), pages 131-143, January.
    • Handle: RePEc:kap:jtecht:v:31:y:2006:i:1:p:131-143
    DOI: 10.1007/s10961-005-5026-2
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    References listed on IDEAS

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    1. Birley, Sue, 1985. "The role of networks in the entrepreneurial process," Journal of Business Venturing, Elsevier, vol. 1(1), pages 107-117.
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    Cited by:

    1. Ratinho, Tiago & Amezcua, Alejandro & Honig, Benson & Zeng, Zhaocheng, 2020. "Supporting entrepreneurs: A systematic review of literature and an agenda for research," Technological Forecasting and Social Change, Elsevier, vol. 154(C).
    2. Francisco Mas-Verdú, 2007. "Services and innovation systems: European models of Technology Centres," Service Business, Springer;Pan-Pacific Business Association, vol. 1(1), pages 7-23, March.
    3. Negin Fallah Haghighi & Mahdieh Sadat Mirtorabi & Masoud Bijani & Naser Valizadeh, 2021. "Appropriate strategies to establish knowledge‐based companies: Evidence from Iran," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(4), pages 6375-6389, October.
    4. Zahra Sorori Eshliki & Mojtaba Fallahnejad & Mehrdad Zolfi & Saber Khalili Esbouei, 2015. "Application of the Fuzzy Logic in Explanation of Effective Factors on Commercialization of Products (Empirical Evidence: Knowledge-Based Business of Incubators Centers of Iran North Region)," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 5(5), pages 115-126, May.

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    More about this item

    Keywords

    business; knowledge-base; development; enterprise support; G20; H70; O10; R10;
    All these keywords.

    JEL classification:

    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • H70 - Public Economics - - State and Local Government; Intergovernmental Relations - - - General
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General

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