Evaluating Entrepreneurship through a Resource-Based Multi-Criteria Decision-Making Model

Nilay Utlu; Damla Ayduğ

Makale detayları

Evaluating Entrepreneurship through a Resource-Based Multi-Criteria Decision-Making Model

Yazarlar:

Nilay Utlu | Damla Ayduğ

Yayıncı:

Istanbul University

Ana Başlıklar:

İşletme | İş Sistemleri (Diğer)

Dergi:

Istanbul Management Journal Issue 97, pp.21-29

Belge Tipi:

Makale

Yayın Tarihi:

12/2024

Belge Dili:

İngilizce

Document ID (Org No.):

2001341093

pISSN:

2619-9254

Anahtar kelimeler:

Özet:

 Nowadays, it has become increasingly important for businesses that want to have a sustainable competitive advantage to engage in entrepreneurial activities by using business resources because of changing environmental conditions and increasing competition intensity. This research develops a decision-making model by analyzing the factors influencing entrepreneurial success through a resource-based approach. The resource-based approach to entrepreneurship of Alvarez and Busenitz 2001 is based on financial, social, and human capital factors. According to this approach, financial capital includes initial investments and access to financial resources; social capital includes networks, trust, and shared vision; and human capital includes education and experience. The SWARA method, a multi-criteria decision-making method, was used. Financial, social, and human capital criteria, which are effective for entrepreneurial success, were prioritized because of the answers given by experts using the SWARA method. As a result of the research, it was found that the most important criteria affecting entrepreneurial success with a resource-based approach is experience, followed by shared vision, networks, access to finance, education, initial investment, and trust. JEL Classification : M13 , M21.

 Nowadays, it has become increasingly important for businesses that want to have a sustainable competitive advantage to engage in entrepreneurial activities by using business resources because of changing environmental conditions and increasing competition intensity. This research develops a decision-making model by analyzing the factors influencing entrepreneurial success through a resource-based approach. The resource-based approach to entrepreneurship of Alvarez and Busenitz 2001 is based on financial, social, and human capital factors. According to this approach, financial capital includes initial investments and access to financial resources; social capital includes networks, trust, and shared vision; and human capital includes education and experience. The SWARA method, a multi-criteria decision-making method, was used. Financial, social, and human capital criteria, which are effective for entrepreneurial success, were prioritized because of the answers given by experts using the SWARA method. As a result of the research, it was found that the most important criteria affecting entrepreneurial success with a resource-based approach is experience, followed by shared vision, networks, access to finance, education, initial investment, and trust. JEL Classification : M13 , M21.

 Nowadays, it has become increasingly important for businesses that want to have a sustainable competitive advantage to engage in entrepreneurial activities by using business resources because of changing environmental conditions and increasing competition intensity. This research develops a decision-making model by analyzing the factors influencing entrepreneurial success through a resource-based approach. The resource-based approach to entrepreneurship of Alvarez and Busenitz 2001 is based on financial, social, and human capital factors. According to this approach, financial capital includes initial investments and access to financial resources; social capital includes networks, trust, and shared vision; and human capital includes education and experience. The SWARA method, a multi-criteria decision-making method, was used. Financial, social, and human capital criteria, which are effective for entrepreneurial success, were prioritized because of the answers given by experts using the SWARA method. As a result of the research, it was found that the most important criteria affecting entrepreneurial success with a resource-based approach is experience, followed by shared vision, networks, access to finance, education, initial investment, and trust. JEL Classification : M13 , M21.

 Nowadays, it has become increasingly important for businesses that want to have a sustainable competitive advantage to engage in entrepreneurial activities by using business resources because of changing environmental conditions and increasing competition intensity. This research develops a decision-making model by analyzing the factors influencing entrepreneurial success through a resource-based approach. The resource-based approach to entrepreneurship of Alvarez and Busenitz 2001 is based on financial, social, and human capital factors. According to this approach, financial capital includes initial investments and access to financial resources; social capital includes networks, trust, and shared vision; and human capital includes education and experience. The SWARA method, a multi-criteria decision-making method, was used. Financial, social, and human capital criteria, which are effective for entrepreneurial success, were prioritized because of the answers given by experts using the SWARA method. As a result of the research, it was found that the most important criteria affecting entrepreneurial success with a resource-based approach is experience, followed by shared vision, networks, access to finance, education, initial investment, and trust. JEL Classification : M13 , M21.

Makale detayları

Evaluating Entrepreneurship through a Resource-Based Multi-Criteria Decision-Making Model

Yazarlar:

Nilay Utlu | Damla Ayduğ

Yayıncı:

Istanbul University

Ana Başlıklar:

İşletme | İş Sistemleri (Diğer)

Dergi:

Istanbul Management Journal Issue 97, pp.21-29

Belge Tipi:

Makale

Yayın Tarihi:

12/2024

Belge Dili:

İngilizce

Document ID (Org No.):

2001341093

pISSN:

2619-9254

Entrepreneurship

Multi-Criteria Decision Making

SWARA Method

Resource-Based Approach

Sayı

Makale detayları

Evaluating Entrepreneurship through a Resource-Based Multi-Criteria Decision-Making Model

Yazarlar: Nilay Utlu | Damla Ayduğ

Yayıncı: Istanbul University

Ana Başlıklar: İşletme | İş Sistemleri (Diğer)

Dergi: Istanbul Management Journal Issue 97, pp.21-29

Belge Tipi: Makale

Yayın Tarihi: 12/2024

Belge Dili: İngilizce

Document ID (Org No.): 2001341093

pISSN: 2619-9254

Entrepreneurship

Multi-Criteria Decision Making

SWARA Method

Resource-Based Approach

Sayı

Yazarlar:

Nilay Utlu | Damla Ayduğ

Yayıncı:

Istanbul University

Ana Başlıklar:

İşletme | İş Sistemleri (Diğer)

Dergi:

Istanbul Management Journal Issue 97, pp.21-29

Belge Tipi:

Makale

Yayın Tarihi:

12/2024

Belge Dili:

İngilizce

Document ID (Org No.):

2001341093

pISSN:

2619-9254