The Entrepreneurship of Resource-based Theory*

Sharon Alvarez and Lowell W. Busenitz
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Lowell W. Busenitz: University of Oklahoma

A chapter in Entrepreneurship, 2007, pp 207-227 from Springer

Abstract: 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 (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-540-48543-8_10

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DOI: 10.1007/978-3-540-48543-8_10

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