The resource-based view of the firm (RBV) suggests that in order to attain and sustain a competitive advantage firms must possess and exploit valuable, rare, inimitable, and non-substitutable resources. Despite the focus on exploitation, empirical work in this area has focused primarily on resource possession. By infusing this traditional view of the RBV with ideas from the dynamic capabilities approach and the entrepreneurship literature, this paper presents conceptual arguments about the exploitation of resources through the development of specific capabilities. The empirical results suggest that entrepreneurial capacity and entrepreneurial management are important capabilities that help in building competitive advantage for firms in technologically intensive industries.
|Original language||English (US)|
|Number of pages||14|
|State||Published - Jan 1 2008|
All Science Journal Classification (ASJC) codes
- Management of Technology and Innovation
- Dynamic capabilities
- Technologically intensive industries