A study on entrepreneurial orientation and resource acquisition: The effects of social capital

Academic Journals
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Journal Article
African Journal of Business Management, 2010, 4 (15), pp. 3226 - 3231
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Entrepreneurial Orientation (EO) has emerged as an important construct within the strategic management and entrepreneurship literatures over the past two decades. Empirical studies on the determinants of firms resource acquisition have shown a fairly consistent positive relationship between the EO of the firms senior management and firms resource acquisition capability. Studies aimed at understanding this relationship have primarily focused on analyzing the separate dimensions of EO, or on isolating contingency variables that are thought to moderate this relationship. However, there has been limited research on the mechanisms that might moderate the influence of EO on firms resource acquisition capability. According to the Resource-Based View (RBV) of the firm, resource acquisition tends to be considerably more challenging for enterprises. The RBV implies that differential endowment of organizational resources is an important determinant of strategic actions and performance. Previous research has shown that social networks can give firms an important advantage in the acquisition of valuable resources.
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