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Island Entrepreneurs: Insights From Exceptionally Successful Knowledge-Driven Smes From 5 European Island Territories

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  • GODFREY BALDACCHINO

    (Canada Research Chair in Island Studies, University of Prince Edward Island, Canada)

Abstract

Developing successful, indigenously-owned, small scale, export-oriented, manufacturing firms from small island locations is difficult but not impossible. This paper describes key outcomes of a research project which is reviewing a selection of such successful firms from 5 European island territories. Operating in the information and communication technology sector allows small island firms to compete successfully in export markets. They often do so by depending on the wide, 'extra-island' contacts and experiences of their 'global-local' entrepreneurial founder-owners, who often leverage start-up funds from private and personal sources. The absence of notable local market opportunities induces island entrepreneurs to 'export or perish', obliging a competitive strategy from inception.

Suggested Citation

  • Godfrey Baldacchino, 2005. "Island Entrepreneurs: Insights From Exceptionally Successful Knowledge-Driven Smes From 5 European Island Territories," Journal of Enterprising Culture (JEC), World Scientific Publishing Co. Pte. Ltd., vol. 13(02), pages 145-170.
    • Handle: RePEc:wsi:jecxxx:v:13:y:2005:i:02:n:s0218495805000100
    DOI: 10.1142/S0218495805000100
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    References listed on IDEAS

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    1. Thomas Hellmann, 2007. "When Do Employees Become Entrepreneurs?," Management Science, INFORMS, vol. 53(6), pages 919-933, June.
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    Cited by:

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    2. Kathryn A Burnett & Mike Danson, 2016. "Sustainability and small enterprises in Scotland’s remote rural ‘margins’," Local Economy, London South Bank University, vol. 31(5), pages 539-553, August.

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