“…Adopting a resource-based approach, Ronning et al, (2010) put forward four critical elements in mobilizing the entrepreneurial process as depicted in Figure 3. This model is not widely used but has informed empirical studies of: social intentions of entrepreneurs (Sundin, 2011), barriers and opportunities for entrepreneurship in older industrial regions (Austrian & Piazza, 2014), resource mobilization in rural communities (Vestrum, 2014), and entrepreneurs and resources in the Nordic countries (Arethun, Nesse, & Oklevik, 2017;Ljunggren, et al, 2010). The four key elements of the model are entrepreneurial human capital, entrepreneurial social capital, specific business resources and an individual working alone, group working collaboratively, or individual within an organization who drives the entrepreneurial process of opportunity discovery, evaluation and exploitation resulting in a profitable new business venture.…”