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- Publisher
- Addleton Academic Publishers
- Copyright
- © 2009 Addleton Academic Publishers
- ISSN
- 2164-9685
- Publisher site
- See Article on Publisher Site
Abstract
Entrepreneurial innovation encourages economic progress, and an institutional climate that encourages risk taking, rewards success, and weeds out failure is essential to a well-functioning economic system. This research explores a cluster of path-breaking entrepreneurial innovations that have common roots in Memphis, Tennessee: Piggly Wiggly’s popularization of self-serve grocery shopping, Holiday Inn’s innovations in standards and quality, Autozone’s adaption of insights from other industries, and FedEx’s creation of a distribution network that has made overnight shipping a reality. Keywords: Entrepreneurship, Memphis, error, profit, loss, maladjustment JEL Codes: B53, L26, O10
Journal
American Journal of Entrepreneurship – Addleton Academic Publishers
Published: Jan 1, 2011