Emerging (internet) industry and agglomeration: Internet entrepreneurs coping with uncertainty
2011 (English)In: Entrepreneurship and Regional Development, ISSN 0898-5626, E-ISSN 1464-5114, Vol. 23, no 7-8, 499-521 p.Article in journal (Refereed) Published
Emerging industries are not rare elements in the economy; rather, theyconstitute a permanent feature in constantly developing and changingeconomic environments. However, the emergence of new industries is rarelypainless or particularly straightforward processes; actors involved in theseprocesses are confronted with uncertainties of which some are exclusive toemerging industries. A distinctive example of these processes was theemergence of the internet industry in Sweden and the agglomeration ofinternet firms in central Stockholm. Through three levels of uncertainty:(1) the newness of the technology introduced to the public and the emergingmarkets; (2) the process of developing new markets and approaching newcustomers and (3) the renegotiating of pre-existing structures and flexibleways of organizing work and labour, this article argues that agglomerationsor local urban milieus play a crucial role to actors (internet entrepreneurs)coping with uncertainty. Agglomerations or urban milieus compose anecessary infrastructure for (1) negotiating industrial legitimacy, andthus establishing structures and procedures in the emerging industry;(2) discovering market opportunities and (3) informal relations necessary inmaking flexible labour markets efficient.
Place, publisher, year, edition, pages
2011. Vol. 23, no 7-8, 499-521 p.
economic geography, emerging industries, internet industry, uncertainty, entrepreneurs
Research subject Social and Economic Geography
IdentifiersURN: urn:nbn:se:uu:diva-161099DOI: 10.1080/08985620903505987ISI: 000299922100004OAI: oai:DiVA.org:uu-161099DiVA: diva2:454353