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Place-based business models for resilient local economies

Author

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  • Dante Di Gregorio
Abstract
Purpose - This purpose of this paper is to introduce and analyze the concept of place-based business models, by which entrepreneurs use highly context-specific strategies and linkages to a “sense of place” as sources of value creation. To illustrate how place-based business models create unique value, case studies are reviewed from three sectors in Italy: Slow Food (Coop Italia and Eataly), agritourism (Spannocchia) and thealbergo diffuso(Sextantio). Design/methodology/approach - This is a conceptual paper with case studies from qualitative data and external sources. Findings - The case studies demonstrate the value-creating potential of opportunities for the implementation of place-based business models. In contrast with conventional harm reduction perspectives, these models show how organizational contributions to local and regional resilience may also directly generate competitive advantage. The cases also illustrate challenges such as scaling up while maintaining authenticity, and coping with the public goods-nature of place-based resources. Originality/value - Conventional management theory and practice treat environmental context as a distraction from which the technical core of the organization must be protected. Place-based business models diverge from convention by using tight coupling with local context to create value, enhance local economic resilience and contribute to a “sense of place”.

Suggested Citation

  • Dante Di Gregorio, 2017. "Place-based business models for resilient local economies," Journal of Enterprising Communities: People and Places in the Global Economy, Emerald Group Publishing Limited, vol. 11(1), pages 113-128, March.
    • Handle: RePEc:eme:jecpps:jec-02-2015-0016
    DOI: 10.1108/JEC-02-2015-0016
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    Citations

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    Cited by:

    1. Indu Khurana & Dev K. Dutta, 2024. "From place to space: the emergence and evolution of sustainable entrepreneurial ecosystems in smart cities," Small Business Economics, Springer, vol. 62(2), pages 541-569, February.
    2. Mamoun Benmamoun & Hadi Alhor & Christine Ascencio & Woojong Sim, 2021. "Social enterprises in electronic markets: web localization or standardization," Electronic Markets, Springer;IIM University of St. Gallen, vol. 31(1), pages 215-231, March.
    3. Giovanni Peira & Luigi Bollani & Chiara Giachino & Alessandro Bonadonna, 2018. "The Management of Unsold Food in Outdoor Market Areas: Food Operators’ Behaviour and Attitudes," Sustainability, MDPI, vol. 10(4), pages 1-16, April.

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