Chapter 8 networks ties to be beneficial for

Networking their entrepreneurial endeavors.

Entrepreneurs use networks to: Two Perspectives

a. Develop opportunities Business Perspective - Developing the initials

b. Mobilize resources relationships with customers and suppliers
c. Gain legitimacy amidst change and uncertainties.

Entrepreneurship as Networking Social

Perspective – Entrepreneur’s network ties
play a vital role in embedding the
entrepreneur in the environment. Interacting
with their environment offers entrepreneurs
Social Capital important content, such as knowledge and
resources, and helps them determine
- Defined as the actual and potential
opportunities and constraints.
resources available to entrepreneurs
through their network of
relationships (Nahapiet and Goshal
1998; Gedajlovic et al. 2013)
- Points at the information, support,
and resources that entrepreneurs
can gather relatively inexpensively
through their network ties.
- Referred to value embedded in social
relationships and social networks
(Adler and Kwon 2002, Gedajlovic et
al. 2013)

Social Dilemma

- Refers to a set of individuals who are

connected by interpersonal
relationships.
- “Social capital can be seen as central
ingredient by those who view
entrepreneurship as a process of
taking action in the face of
uncertainty.”

Network Agency

- Is the motivation and ability of

entrepreneurs to shape their set of