Dr Tim Vorley and Dr Nick Williams were awarded both the best paper and best presentation award at a conference on the subject of Economic Resilience, Entrepreneurship and Regional Development that they attended in Sofia in June.
The conference was the 5th International Conference for Entrepreneurship, Innovation and Regional Development, held in Sofia, Bulgaria. More details about the conference can be found here.
The title of the paper was “Economic Resilience and Entrepreneurship: Lessons from the Sheffield City Region” and focused on investigating how entrepreneurship and entrepreneurial thinking in individuals and in organisations can affect an economy’s resilience, even in challenging economic times.
Resilience is an emerging concept within the social sciences, which has been employed to examine economic performance and responsiveness to shocks such as the 2007 financial crisis. The concept of resilience has been applied to examine individual and organizational resilience as well as studying the performance of regional, local and city economies. Drawing on evidence from a case study of the Sheffield City Region (SCR) Dr Vorley’s and Dr Williams’ paper contributes to the emergent literature by considering the link between entrepreneurship and economic resilience.
Entrepreneurship has come to be viewed as integral to sustaining a dynamic and diverse economy, by stimulating competition, driving innovation, creating employment and increasing productivity. As such entrepreneurship is being fore fronted in policy debates as an important aspect in creating more resilient economies and also providing an engine for economic growth.