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Business Development Support and Knowledge-Based Businesses

Author

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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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    File URL: http://hdl.handle.net/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. Francisco Mas-VerdĂș, 2007. "Services and innovation systems: European models of Technology Centres," Service Business, Springer;Pan-Pacific Business Association, vol. 1(1), pages 7-23, March.

    More about this item

    Keywords

    business; knowledge-base; development; enterprise support; G20; H70; O10; R10;

    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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