Two ideal types of entrepreneurship in rural areas
| Type E | Type R | |
|---|---|---|
| Engagement with the rural locality | A space for profit | A location of meaningfulness and social life |
| Motives | To increase profit | To develop one's person, community, or culture |
| Strategies | Same as in urban areas, and independent of the particular place | Developing new ventures, products, or services by recombining and making the most out of local resources |
| Outcomes for the rural area | Economic growth, but risks enclave communities, suboptimal use of local resources and long-term job loss due to relocation | Sustainability and resilience rather than economic growth. Optimises local resources |
| Type E | Type R | |
|---|---|---|
| Engagement with the rural locality | A space for profit | A location of meaningfulness and social life |
| Motives | To increase profit | To develop one's person, community, or culture |
| Strategies | Same as in urban areas, and independent of the particular place | Developing new ventures, products, or services by recombining and making the most out of local resources |
| Outcomes for the rural area | Economic growth, but risks enclave communities, suboptimal use of local resources and long-term job loss due to relocation | Sustainability and resilience rather than economic growth. Optimises local resources |
Source(s): Adapted from Korsgaard et al. (2015)
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