To be entrepreneurial, social capital is critical for access to complementary resources from partners in order to compete effectively in domestic and international markets.

Question

Quizplus · Accepted Answer

Social capital refers to the networks, relationships, and trust that entrepreneurs are able to build with others, including partners, customers, and suppliers. Having strong social capital can provide entrepreneurs with access to complementary resources, knowledge, and expertise that they may not have on their own, which can help them compete more effectively in both domestic and international markets. Therefore, social capital is critical for entrepreneurial success.

To Be Entrepreneurial, Social Capital Is Critical for Access to Complementary