ABSTRACT
Additional studies are warranted exploring how PBOE can enable habitual entrepreneurs to better assemble a resource base that enables them to invest in and mobilize resources (such as innovation) to promote competitive advantage for the individual and/or group of firms they own (Westhead and Wright, 2014). The external environment can shape access to resource accumulation and mobilization. PBOE may counter issues that can impede the entrepreneurial process and venture development. Additional research is warranted surrounding how types of habitual entrepreneurs may compensate for location disadvantages by mobilizing their PBOE. The role of context is increasingly being recognized in entrepreneurship research (Zahra and Wright, 2011). Future studies need to explore how context in developed and developing economies promote or impede habitual entrepreneurship. Further, different context may influence the particular configurations of the phenomenon and they need to be examined. For example, to what extent do some contexts promote habitual entrepreneur start-ups versus habitual entrepreneur venture purchase modes? To what extent do some contexts favour portfolio forms of entrepreneurship involving family networks?
