Article Writing Homework Help

Your assignment is to prepare and submit a paper on relational capital as an essential asset of entrepreneurial firms. There are main theoretical distinctions involving economists from the industrial and regional sectors in their scrutiny on relational capital. Many research studies have been conducted applying econometric, quantitative and empirical modus operandi in the attempt of verifying the relational capital existence and its significance to the novelty activity in organizations.

Substitutes are found to correspond to the channels through which facts build-up at the local stage. therefore, it is not direct to relational capital (Chung & Gibbons, 1997). This paper will, therefore, analyze the roles of relational capital for entrepreneurial firms. The definition of relational capital can be suggested as all relationships (power relationships, market relationships, and cooperation) that have been recognized by people, institutions and firms, which austere from a strong sense of belonging and an extremely developed aptitude of collaboration characteristic of culturally analogous institutions and people. Compared to the past, the business environment of the present time is one that the significance of the change is much higher (Wu, 2008). Improved globalization that has mostly been stimulated by the utilization of corporate and personal technology signifies that there is an open field for competition for small businesses with as much effortlessness, in most cases, like their counterparts from bigger companies. Entrepreneurial firms are now engaging in business competitions and are doing well in them, and as they do that, their counterparts in larger firms are provided with examples of how they are supposed to conduct business if being agile is important to them (Davidsson & Honig, 2003). Since ingenuity, novelty and value creation are the essential aspects for success in today’s swiftly changing and unstable environments, several firms are borrowing ideas from entrepreneurial firms, and as a result, enabling the field to evolve (Ireland, Hitt & Sirmon, 2003).