Doctor of Philosophy, Case Western Reserve University, 2005, Management
Strong tax base components such as payroll taxes, corporate taxes, and income taxes drive economic health. As companies grow, add jobs, and increase wages, regional economic health improves. Since regions vary in terms of industry strengths, stakeholders must understand factors driving economic growth. Not understanding these factors can lead to poor decisions, resource waste, and low performance outcomes.
We identify and analyze medical device entrepreneurial ecosystems factors impacting Massachusetts, Minnesota, and Ohio through four questions. Our first research question is, “What factors explain Minnesota's medical device entrepreneurial ecosystem performance?” We found, through a series of interviews in Minnesota that policy, university engagement, entrepreneurial orientation, and social capital are all relevant. From this study, we ask, “To what extent do these factors explain medical device entrepreneurial ecosystem performance?” This second study assesses the identified factors impact and significance three regions collectively. We then research “To what extent do these factors explain medical device ecosystem performance in Massachusetts, Minnesota, and Ohio?”
We found social capital impacts performance across all studies while policy has no impact. In the case of the latter, our research supports the neoclassical approach to regional economic development. Finally, we research “How do medical device ecosystem performances differ between Massachusetts, Minnesota, and Ohio?” In this final study, we found our mediation and moderation results to vary by region.
Committee: Kalle Lyytinen Ph.D. (Committee Chair); Bo Carlsson Ph.D. (Committee Member); Bill Brake Ph.D. (Committee Member); Satish Nambisan Ph.D. (Committee Member)
Subjects: Entrepreneurship