Remote Human Settlements in Developed Nations
- New Horizons in Regional Science series
Edited by Andrew Taylor, Dean B. Carson, Prescott C. Ensign, Lee Huskey, Rasmus O. Rasmussen and Gertrude Saxinger
Chapter 17: Entrepreneurship and innovation at the edge: creating inducements for people and place
Prescott C. Ensign and Odd Jarl Borch INTRODUCTION The creation of entrepreneurial and innovative activity to promote economic development in settlements which are within sparsely populated areas (SPAs) is challenging. If entrepreneurship and innovation are critical tools to offset economic decline (Grande et al., 2011), the solution is to create inducements that encourage new ventures. The premise is that the creation of business enterprises will lead to jobs – or at least self- employment – and an influx of capital as goods and services are exported out of the area (Lyons, 2002). Poverty in remote settings is sometimes intense and resists ‘attempts at mitigation through economic development policies’ (Lyons, 2002, p. 193). Small firms are vulnerable in periods of turbulence, however, renewal of these firms is vital for their own survival and for sustaining economic development in remote communities (Grande et al., 2011). Public entrepreneurship can play a role in creating social value by bringing together combinations of public and private resources (Borch et al., 2008). Creative configurations emerge from disparate factors such as scenery, natural resources, history, or local traditions and culture (Borch et al., 2008). While the task of organising, exploiting and combining or re- ombining c resources is the same for community- riven entrepreneurship as it is for d commercial entrepreneurship, it is significantly more challenging when undertaken at the public-ector level. Innovative activities at the coms munity level focus on broad social, cultural and economic objectives whereas commercial entrepreneurship focuses primarily on profitability. Community-evel ventures generally rely on...
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