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From initial idea to unique advantage: The entrepreneurial challenge of constructing a resource base
Abstract
Strategies for attaining competitive advantages emphasize developing and configuring existing resource strengths into a valuable and unique resource base. But what if you do not yet have a legacy of resource strengths? Entrepreneurs in emerging organizations must first assemble resources, then combine them to build a resource platform that will yield distinctive capabilities. The case studies included in this article illustrate the challenges entrepreneurs confront in identifying, attracting, combining, and transforming personal resources into organizational resources. We offer two analytical tools for assessing initial resource needs and developing a resource strategy that can enhance possibilities for wealth creation. Our pathway approach provides guidance for entrepreneurs constructing a resource base.
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Citations
Cited by
Managing Firm Resources in Dynamic Environments to Create Value: Looking Inside the Black Box
Sirmon, D. G., Hitt, M. A., & Ireland, R. D. (2007) · Academy of Management Review · doi:10.5465/amr.2007.23466005 · Cited by 3,701
Entrepreneurial orientation and small business performance: a configurational approach
Wiklund, J., & Shepherd, D. (2005) · Journal of Business Venturing · doi:10.1016/j.jbusvent.2004.01.001 · Cited by 3,196
Business model design and the performance of entrepreneurial firms
Zott, C., & Amit, R. (2007) · Organization Science · doi:10.1287/orsc.1060.0232 · Cited by 1,707
A Retrospective look at our Evolving Understanding of Project Success
Jugdev, K., & Müller, R. (2005) · Project Management Journal · doi:10.1177/875697280503600403 · Cited by 907
Doganova, L., & Eyquem-Renault, M. (2009) · Research Policy · doi:10.1016/j.respol.2009.08.002 · Cited by 788
Metadata
- Authors
- Brush, C. G., Greene, P. G., & Hart, M. M.
- Venue
- Academy of Management Perspectives
- Publisher
- Academy of Management
- Published
- 2001-02
- Volume
- 15
- Issue
- 1
- Pages
- 64-78
- ISSN
- 1558-9080 (ISSN-L)
- 1943-4529
- OpenAlex
- W2179823604
- Cited by
- 917
- References
- 0
- FWCI
- 51.56
- Type
- journal article
- Language
- en
- Open access
- closed
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- Brush, C. G., Greene, P. G., & Hart, M. M. (2001). From initial idea to unique advantage: The entrepreneurial challenge of constructing a resource base. Academy of Management Perspectives. https://doi.org/10.5465/ame.2001.4251394
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
