Knowledge-based resources, entrepreneurial orientation, and the performance of small and medium-sized businesses

Johan Wiklund, Dean Shepherd

Research output: Contribution to journalArticlepeer-review

Abstract

While theory suggests that management has discretion in manipulating resources in order to build competitive advantage, resource-based research has focused on the characteristics of resources, paying less attention to the relationship between those resources and the way firms are organized. In explaining performance, entrepreneurship scholars have focused on a firm’s entrepreneurial strategic orientation (EO), leaving its interrelationship with internal characteristics aside. We argue that EO captures an important aspect of the way a firm is organized. Our findings suggest that knowledge-based resources (applicable to discovery and exploitation of opportunities) are positively related to firm performance and that EO enhances this relationship.

Original languageEnglish (US)
Pages (from-to)1307-1314
Number of pages8
JournalStrategic Management Journal
Volume24
Issue number13
DOIs
StatePublished - Dec 2003

Keywords

  • Discovery
  • Entrepreneurial orien-tation
  • Exploitation
  • Knowledge
  • Resources

ASJC Scopus subject areas

  • Business and International Management
  • Strategy and Management

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