ABSTRACT

The notion of resources and an organisation's capital, in a Bourdieusian sense, is evidently important for its growth and competitiveness. The ability to respond to market changes is an essential prerequisite for the success and growth of small businesses and flexibility is directly relevant to this. The owner of the business often holds the role of the managing director and plays an important role in the life of the company and holds the role of the central decision maker. This makes the profile, expertise, and abilities of this one individual almost an existential factor for the company and has a great impact on the growth and the performance of the business. The business owners or founders put a 'stamp' on their business which provides the context and is enacted in organisational practice. Learning on the job is an ongoing procedure which contributes to a company's knowledge capital as well the reification or change of practices.