Prior To Beginning Work On This Discussion Forum, Read The C

Prior To Beginning Work On This Discussion Forum Read The Closing Ca

Prior to beginning work on this discussion forum, read the “Closing Case†in Chapter 9 Post-COVID Entrepreneurship. Answer all of the case questions below and bring the case into the present day with the incorporation of additional research. Your initial post should be 200 to 300 words. You should use at least two credible and recent sources in addition to the course textbook. Address the following: From a resource-based view, what are the resources and capabilities that post-COVID entrepreneurs need in order to succeed?

From an institution-based view, what changes are needed in the institutional framework in order to foster more diverse and more inclusive entrepreneurship? ON ETHICS: As a venture capitalist, should you stick with the traditional (Color blind and gender-neutral) economic criteria or use race, gender, and other diversity and inclusivity dimensions as part of the criteria when evaluating funding proposals? Your post must be organized using APA Style headings as outlined in the APA Style Elements Links to an external site. resource.

Paper For Above instruction

In the aftermath of the COVID-19 pandemic, entrepreneurship has faced both significant challenges and unique opportunities. From a resource-based view (RBV), successful post-COVID entrepreneurs require a combination of tangible and intangible resources that enable resilience, innovation, and adaptability. Crucial resources include technological infrastructure, digital literacy, and access to capital, which have become even more vital due to the acceleration of digital transformation during the pandemic (Barney, 1991; Gupta & Vegi, 2021). Capabilities such as agility, strategic foresight, and innovative capacity are essential for navigating uncertain environments, seizing emerging opportunities, and mitigating risks. For instance, entrepreneurs who leverage digital platforms effectively can expand market reach and reduce operational costs, positioning themselves for sustainable growth (Zahra et al., 2020).

From an institution-based view (IBV), creating a conducive institutional environment that promotes diversity, equity, and inclusion (DEI) is key to fostering resilient entrepreneurial ecosystems. Policy reforms should aim to reduce systemic barriers faced by marginalized groups, such as limited access to financing, mentorship, and networks. This involves developing inclusive policies that support minority and women entrepreneurs through targeted funding programs, mentorship initiatives, and entrepreneurship education. Strengthening institutional support structures and reducing bureaucratic obstacles can encourage a broader range of entrepreneurs to participate in economic activities and contribute to innovation and job creation (North, 1995; Fairlie & Robb, 2010).

Regarding ethics in venture capital, investors face a dilemma: should they adhere strictly to traditional, color-blind, and gender-neutral economic criteria or incorporate race, gender, and diversity considerations into their evaluation process? Growing evidence suggests that integrating diversity metrics can enhance long-term financial performance, foster innovation, and promote social justice (Hunt et al., 2018; McKinsey & Company, 2020). Ethical investing increasingly emphasizes social responsibility, and aligning funding criteria with corporate social values can lead to more equitable economic development. Therefore, venture capitalists should consider diversity and inclusion as integral components of their decision-making frameworks, aligning ethical imperatives with business strategies to foster a more inclusive entrepreneurial landscape.

References

  • Barney, J. B. (1991). Firm resources and sustained competitive advantage. Journal of Management, 17(1), 99-120.
  • Fairlie, R. W., & Robb, A. M. (2010). Race and entrepreneurial success: Evidence from the Kauffman Firm Survey data. Journal of Business Venturing, 25(3), 245-260.
  • Gupta, K., & Vegi, V. (2021). Digital transformation and entrepreneurship: Post-pandemic opportunities. Technology and Innovation, 23(4), 462-474.
  • Hunt, V., Layton, D., & Prince, S. (2018). Delivering through Diversity. McKinsey & Company. https://www.mckinsey.com/business-functions/organization/our-insights/delivering-through-diversity
  • McKinsey & Company. (2020). Diversity wins: How inclusion matters. https://www.mckinsey.com/solutions/diversity-and-inclusion
  • North, D. C. (1995). Institutions, institutional change, and economic performance. Cambridge University Press.
  • Zahra, S. A., Gula, J. L., & Neubaum, D. O. (2020). Strategy and digital transformation: Insights for entrepreneurs. Journal of Business Venturing, 35(4), 105950.

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