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Collective Entrepreneurship: The Strategic Management of Research Triangle Park

Author

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  • Leyden, Dennis P.

    (University of North Carolina at Greensboro, Department of Economics)

  • Link, Albert N.

    (University of North Carolina at Greensboro, Department of Economics)

Abstract

Perception and action describe the entrepreneur as a dynamic figure in economic activity. It follows then that entrepreneurship entails a process that begins with perception and is completed with action. When it comes to places—meaning physical localities—rarely is it the case that the perception of opportunity and the ability to act on that perception are embodied in a single individual. This paper illustrates the strategic management of one place in particular, Research Triangle Park in central North Carolina. This history of Research Triangle Park suggests and that the early perception for the park, and the action to see it from “seed to harvest,” were the result of many individuals each exhibiting their own entrepreneurial ability. Thus, we introduce the notion of collective entrepreneurship, and we suggest that it might be a critical ingredient to a recipe for the successful strategic management of places.

Suggested Citation

  • Leyden, Dennis P. & Link, Albert N., 2011. "Collective Entrepreneurship: The Strategic Management of Research Triangle Park," UNCG Economics Working Papers 11-18, University of North Carolina at Greensboro, Department of Economics.
    • Handle: RePEc:ris:uncgec:2011_018
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    References listed on IDEAS

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    1. Enelow,James M. & Hinich,Melvin J., 1984. "The Spatial Theory of Voting," Cambridge Books, Cambridge University Press, number 9780521275156, Enero-Abr.
    2. Link, Albert N & Scott, John T, 2003. "The Growth of Research Triangle Park," Small Business Economics, Springer, vol. 20(2), pages 167-175, March.
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    Cited by:

    1. Giorgio Calcagnini & Germana Giombini & Paolo Liberati & Giuseppe Travaglini, 2016. "A matching model of university–industry collaborations," Small Business Economics, Springer, vol. 46(1), pages 31-43, January.
    2. Paige Clayton & Maryann Feldman & Benjamin Montmartin, 2019. "Funding Emerging Ecosystems," GREDEG Working Papers 2019-25, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    3. David, Audretsch & Donald, Kuratko & Albert, Link, 2015. "Making Sense of the Elusive Paradigm of Entrepreneurship," UNCG Economics Working Papers 15-4, University of North Carolina at Greensboro, Department of Economics.
    4. Link, Albert N., 2014. "Competitive Advantages from University Research Parks," UNCG Economics Working Papers 14-6, University of North Carolina at Greensboro, Department of Economics.
    5. Dennis Leyden & Albert Link, 2013. "Knowledge spillovers, collective entrepreneurship, and economic growth: the role of universities," Small Business Economics, Springer, vol. 41(4), pages 797-817, December.

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    More about this item

    Keywords

    Entrepreneurship; Strategic management; Research park;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General

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