Competitive advantage: an analytical framework based on entrepreneurship |
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Authors: | Zhibiao Liu |
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Institution: | 1. Research Center for Social and Economic Development of Yangtze River, Nanjing University, Nanjing, 210093, China
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Abstract: | This article observes and studies the role and effect of entrepreneurship within the theoretical framework of resource-based
view (RBV). It advances competitive advantage theory based on entrepreneurship by proving the distinctiveness of entrepreneurship.
Distinctive cognition competence of entrepreneurs provides them with personal specific assets, which determines both the competence
to explore new business opportunities and the competence to integrate resources for risk activities. The characteristics of
such intangible resource as entrepreneurship, such as its distinctiveness, limitedness of competition, and incomplete mobility
of factors, are the most important sources of competitive advantage of enterprises in the strategic management theory of RBV. |
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Keywords: | |
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