Cassandra's Post: A Resource-Based View What Are The Resourc

Cassandras Postfrom A Resource Based View What Are The Resources And

From a resource-based view, what are the resources and capabilities that post-COVID entrepreneurs need in order to succeed? Looking at the rise of entrepreneurs from a resource-based view, I believe the resources and capabilities that post-COVID entrepreneurs would need include investments, flexibility, mobility, strong IT and virtual presence, and a minimal footprint. This could involve teleworkers, reliable vehicles, contracts with essential companies, and a robust business plan to attract venture capital investors. Due to changes in consumer demand, startups are focusing on logistics, delivery, and IT industries (Altun, 2021).

From an institution-based view, the necessary changes in the institutional framework to foster more diverse and inclusive entrepreneurship involve increasing acceptance and investment in minority and female-run companies. Pre-COVID venture capital was predominantly directed toward Silicon Valley-type ventures, which limits broader societal benefit. Emphasizing support for smaller startups, akin to those showcased on platforms like Shark Tank—such as UBER—could promote inclusivity. Loosening structural biases would encourage a more diverse entrepreneurial community. As Peng (2023) notes, “An ugly Pandemic has created a once-in-a-century chance to loosen old structures and recharge the global economy.”

Regarding ethics, as a venture capitalist, I would prioritize diversity and inclusion over traditional, color-blind, gender-neutral criteria. Investing in diverse companies fosters innovation and growth, as evidence shows that companies with diverse workforces tend to earn higher revenues (Beyond Good Intentions, 2023). I would evaluate proposals based on business plans, ownership, company culture, and profit margins but incorporate race, gender, and other diversity metrics into the decision-making process.

Paper For Above instruction

The post-COVID entrepreneurial landscape necessitates a comprehensive understanding of the resources and capabilities essential for success in the new economic environment. A resource-based view emphasizes unique assets such as technological infrastructure, flexible operational models, and strategic investments, while an institution-based perspective highlights systemic reforms to promote diversity and inclusion. Combining these approaches provides a robust framework for fostering resilient and equitable entrepreneurship in a post-pandemic world.

Resources and Capabilities for Post-COVID Entrepreneurs

Post-COVID entrepreneurs operate in a markedly different environment, characterized by rapid shifts in consumer behavior, technological advancements, and the need for agility. Central to their success are critical resources such as access to capital—whether through loans, grants, or savings—and the development of capabilities like flexibility, mobility, and digital competence. Investments in technology enable entrepreneurs to establish a strong virtual presence, which is increasingly vital as consumers gravitate toward online platforms. According to Altun (2021), the pandemic has accelerated reliance on logistics, delivery services, and information technology, making these sectors attractive for startups demonstrating resourcefulness and technological adaptability.

Furthermore, the ability to operate remotely with a minimal physical footprint has become invaluable. This includes telecommuting arrangements, reliable transportation, and contractual agreements with essential service providers. A solid business plan, capable of attracting venture capital, underscores the importance of strategic planning and financial literacy. Additionally, the capacity to pivot and adapt to emerging trends—such as shifting supply chain demands and consumer preferences—is crucial for survival and growth in a post-pandemic economy.

In the context of resource-based theory, the successful deployment of intangible assets like innovation, organizational agility, and a strong entrepreneurial culture also plays a significant role. These qualities enable startups to differentiate themselves and sustain competitive advantages amid uncertainty. As Schroeder (2020) highlights, innovation driven by specific, urgent problems often leads to viable business solutions, reinforcing the importance of creative resource utilization in today’s entrepreneurial landscape.

Institutional Framework Changes for Inclusive Entrepreneurship

From an institution-based perspective, fostering more diverse and inclusive entrepreneurial ecosystems requires systemic reforms aimed at reducing structural barriers and promoting equitable access to resources. Historically, venture capital investments favored Silicon Valley startups and male-led ventures, often neglecting minority and female entrepreneurs (Peng, 2023). To rectify this imbalance, institutional frameworks must evolve to support underrepresented groups through targeted outreach, mentorship, and dedicated funding opportunities.

Community engagement and digital infrastructure expansion are critical components of this transformation. Peng (2023) emphasizes the significance of facilitating entrepreneurship development through both formal and informal institutions. Enhancing access to digital resources, streamlining funding processes, and establishing policies that lower entry barriers are essential steps toward inclusivity. In a post-pandemic context, where many startups operate virtually with low overhead costs, simplified access to financial support can enable a broader range of entrepreneurs to launch and sustain their businesses.

Supporting infrastructure also encompasses education and capacity-building initiatives that improve entrepreneurial skills among marginalized populations. As Flaum (2023) notes, lean startup models with minimal physical infrastructure allow entrepreneurs to allocate more funds toward product development, marketing, and innovative activities. Institutional efforts that promote a diverse pipeline of entrepreneurs contribute to economic resilience and societal equity.

Ethical Considerations in Venture Capital Investments

Ethically, venture capitalists have a responsibility to incorporate diversity and inclusion into their investment criteria. While traditional evaluation methods emphasize financial metrics, ignoring race, gender, and other social dimensions overlooks the potential for innovation and societal impact (Lang & Van Lee, 2020). As a supporter of inclusive growth, I advocate for integrating diversity indicators alongside conventional metrics such as business viability, owner expertise, and market potential.

Empirical evidence supports this approach; studies show that diverse companies often outperform their less diverse counterparts in revenue and innovation (Beyond Good Intentions, 2023). The persistent underfunding of women- and minority-led startups—only a fraction of venture capital dollars reach these groups—demonstrates systemic bias that ethical investing should aim to address. Leveraging institutional resources to close these gaps not only aligns with ethical imperatives but also enhances overall economic performance.

In practice, this involves setting diversity targets, actively sourcing proposals from underrepresented entrepreneurs, and fostering inclusive decision-making processes. Such strategies ensure that investment choices reflect a broader societal commitment to equity, ultimately leading to a more resilient and innovative entrepreneurial ecosystem.

Conclusion

In conclusion, the post-COVID entrepreneurial landscape necessitates an integrated approach that combines resource-based insights with institutional reforms to foster resilience, innovation, and inclusion. Entrepreneurs must harness technological resources, cultivate agility, and develop strategic capabilities to succeed. Simultaneously, reforms in institutional frameworks—focused on democratizing access, supporting diversity, and streamlining funding—are essential to creating a more equitable environment. Ethically, venture capitalists should embed diversity and inclusion criteria into their evaluation processes, recognizing that such practices not only uphold social justice but also enhance economic performance. Embracing these principles will position entrepreneurs and investors alike to thrive in the evolving global economy.

References

• Altun, Y. B. (2021, April 09). Pandemic Fuels Global Growth Of Entrepreneurship And Startup Frenzy. Forbes. https://www.forbes.com/sites/yilmazaltun/2021/04/09/pandemic-fuels-global-growth-of-entrepreneurship-and-startup-frenzy/
• Beyond Good Intentions: Why Diversity Is Vital In Investment Decisions. (2023). AON. https://www.aon.com/research/diversity-in-investment-decisions.jsp
• Flaum, G. (2023). How the Pandemic Inspired a New Generation of Entrepreneurs. Salesforce. https://www.salesforce.com/solutions/entrepreneurship/pandemic-inspiration/
• Lang, I., & Van Lee, R. (2020, August 27). Institutional Investors Must Help Close the Race and Gender Gaps in Venture Capital. Harvard Business Review. https://hbr.org/2020/08/institutional-investors-must-help-close-the-race-and-gender-gaps-in-venture-capital
• Peng, M. (2023). Global Business (5th ed.). Cengage Learning.
• Schroeder, D. (2020, July 2). Turn Your Covid-19 Solution into a Viable Business. Harvard Business Review. https://hbr.org/2020/07/turn-your-covid-19-solution-into-a-viable-business
• Additional references to support scholarly discussion include works by Nambisan et al. (2017), Eisenmann (2013), and the OECD (2021), providing comprehensive insights into entrepreneurial resilience, digital transformation, and inclusive innovation.