Knowledge‐Based Assets in Entrepreneurial Ventures

Abstract

Knowledge has an intimate relationship with entrepreneurship. Knowledge is a critical input into the creation of new business ventures and a major area of entrepreneurship research addresses the sources of such knowledge, including the educational backgrounds of entrepreneurs, the origins of creativity, and role of established enterprises in supplying the knowhow used by new enterprises. Different types of knowledge are required at different stages of the entrepreneur process – a key distinction is between identifying entrepreneurial opportunities and building the capabilities of the new enterprise.