Resource Based View as a Governing Tool for Corporate Entrepreneurs: A Practical Viewpoint

Abstract

Being entrepreneurial typically differentiates from a business. Incorporating different conceptualizations of entrepreneurship definition, we highlighted the importance of Shane & Venkataraman’s (2000) definition of opportunity recognition as the heart of entrepreneurship. Complementing Ireland, et al’s., (2003) notion of strategic entrepreneurship and Barney’s (1991) Resource Based View (RBV) theory, we tried to make a practical implication for corporate entrepreneurs. Top ten entrepreneurs based on the Forbes Online Magazine were observed and generalized, linking the theories of strategic entrepreneurship and RBV. Subsequently, inferences were drawn highlighting the fact that almost all successful entrepreneurs in the world implicitly utilize inferences of RBV in their corporate entrepreneurial moves.