MGSB22H3 Chapter 2-10: Chapter 2-10 for final exam
Document Summary
Resource-based theory of entrepreneurship y also known as resource-based view (rbv) y focuses on strengths, assets and capabilities of entrepreneurs y y but emphasizes resources, skills and capabilities. What is a resource? y any thing or quality that is useful y can be tangible or intangible y can be property-based or knowledge-based y y often used interchangeably with capital and asset. Is semi-permanent or sticky -- it adheres to the venture and the entrepreneur. What is a skill? y the ability to do something useful y an proficiency that is often developed through training or experience y a talent. What is a capability? y a socially complex routine that determines the efficiency of physical transformations of inputs into outputs y a talent or ability that has the potential for development or future use. Organizations have 3 types of capabilities: y functional capabilities y dynamic improvement capabilities y entrepreneurial capabilities.
