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      Painting the full picture: The conversion of economic, cultural, social and symbolic capital

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          Abstract

          This article explores how and why entrepreneurs convert their available economic, cultural, social and symbolic capital. We utilise Bourdieu’s theory of practice as a conceptual framework to explore the lived experiences of 10 craft entrepreneurs. This study reveals that transforming capital is a natural and enjoyable process, with our findings highlighting the convertible, multifaceted nature of different forms of capital. We also uncover previously unidentified forms of capital conversions and demonstrate that the conversion process can involve multiple forms of capital. Furthermore, our findings show that craft entrepreneurs give no primacy to economic capital, whose transformations form part of a larger process of capital conversion.

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          Firm Resources and Sustained Competitive Advantage

          Jay Barney (1991)
          Understanding sources of sustained competitive advantage has become a major area of research in strategic management. Building on the assumptions that strategic resources are heterogeneously distributed acrossfirms and that these differences are stable over time, this article examines the link betweenfirm resources and sustained competitive advantage. Four empirical indicators of the potential of firm resources to generate sustained competitive advantage-value, rareness, imitability, and substitutability-are discussed. The model is applied by analyzing the potential of severalfirm resourcesfor generating sustained competitive advantages. The article concludes by examining implications of this firm resource model of sustained competitive advantage for other business disciplines.
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            Naturalistic inquiry

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              The Strength of Weak Ties

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                Author and article information

                Journal
                International Small Business Journal: Researching Entrepreneurship
                International Small Business Journal
                SAGE Publications
                0266-2426
                1741-2870
                December 2016
                July 28 2016
                December 2016
                : 34
                : 8
                : 1004-1027
                Affiliations
                [1 ]University of Strathclyde, UK
                Article
                10.1177/0266242615595450
                f6d6dfc2-4183-4470-acfc-b0131c530a82
                © 2016

                http://journals.sagepub.com/page/policies/text-and-data-mining-license

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