Exploring resources and capabilities factors among entrepreneurial ventures using DEMATEL approach

Dakare, O, Adebiyi, SO ORCID: https://orcid.org/0009-0001-0546-0060 and Amole, BB, 2019. Exploring resources and capabilities factors among entrepreneurial ventures using DEMATEL approach. International Journal of Management, Economics and Social Sciences, 8 (1), pp. 20-39. ISSN 2304-1366

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Abstract

Resources and capabilities remain one of the most important factors that influence firms, more especially entrepreneurial ventures, to improve their competitiveness and achieve competitive advantage. In this context, present paper explores how entrepreneurial ventures and small businesses can better identify and distinguish the cause-and-effect relationship amongst resource and capability factors. Resource and capability factors among entrepreneurial ventures were classified into three dimensions and fourteen criteria after a review of the literature. The study applied the Decision-Making Trial and Evaluation Laboratory (DEMATEL) model to identify and describe the cause-and-effect relationship amongst resource and capability factors. The findings reveal that in prioritizing the importance of criteria and cause-and-effect relationship among criteria under the three core dimensions, firm climate, managerial competence, market knowledge and technological capabilities and equipment were the most critical criteria. Furthermore, the result has shown that firm climate is the most significant criterion in the adjustment of resource and capability factors of entrepreneurial ventures. Therefore, promoting a supportive and conducive firm climate among entrepreneurial ventures can enhance other resources and capabilities factors which, in turn, will improve the overall performance of entrepreneurial ventures and small businesses.

Item Type:	Journal article
Publication Title:	International Journal of Management, Economics and Social Sciences
Creators:	Dakare, O., Adebiyi, S.O. and Amole, B.B.
Publisher:	International Journal of Management Economics and Social Sciences
Date:	March 2019
Volume:	8
Number:	1
ISSN:	2304-1366
Identifiers:	Number Type 10.32327/ijmess/8.1.2019.3 DOI 1886706 Other
Rights:	Article published under a CC BY-NC Attribution-NonCommercial 4.0 International license.
Divisions:	Schools > Nottingham Business School
Record created by:	Jonathan Gallacher
Date Added:	18 Apr 2024 16:20
Last Modified:	23 Apr 2024 08:56
URI:	https://irep.ntu.ac.uk/id/eprint/51272

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