Abstract
This paper examines the relationship between resource-based theory and entrepreneurship and develops insights that advance the boundaries of resource-based theory and begin to address important questions in entrepreneurship. We extend the boundaries of resource-based theory to include the cognitive ability of individual entrepreneurs. Entrepreneurs have individual-specific resources that facilitate the recognition of new opportunities and the assembling of resources for the venture. By focusing on resources, from opportunity recognition to the ability to organize these resources into a firm and then to the creation of heterogeneous outputs through the firm that are superior to the market, we help identify issues that begin to address the distinctive domain of entrepreneurship.
Keywords
- Absorptive Capacity
- Strategic Management Journal
- Entrepreneurial Opportunity
- Entrepreneurial Firm
- International Joint Venturis
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
*Originally published in Journal of Management, 2003, 29(3): 285–308. Copyright Sage Publications, Inc. Reprinted by permission.
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Alvarez, S.A., Busenitz, L.W. (2007). The Entrepreneurship of Resource-based Theory* . In: Cuervo, Á., Ribeiro, D., Roig, S. (eds) Entrepreneurship. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-48543-8_10
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