Using capital theory to explore problem solving and innovation in small firms

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Using capital theory to explore problem solving and innovation in small firms. / Glover, Jane; Champion, Donna; Daniels, Kevin; Boocock, Grahame.

In: Journal of Small Business and Enterprise Development, Vol. 23, No. 1, 15.02.2016, p. 25-43.

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Glover, Jane ; Champion, Donna ; Daniels, Kevin ; Boocock, Grahame. / Using capital theory to explore problem solving and innovation in small firms. In: Journal of Small Business and Enterprise Development. 2016 ; Vol. 23, No. 1. pp. 25-43.

Bibtex

@article{9abaf21c8435440284347266d292fbe6,
title = "Using capital theory to explore problem solving and innovation in small firms",
abstract = "Purpose – The purpose of this paper is to investigate how small firms work at a micro-level, applying Bourdieu{\textquoteright}s Capital Theory to give insight into the way individuals use the social and cultural capital at their disposal, to innovate and solve problems. Design/methodology/approach – The authors applied qualitative methods to explore problem solving and innovation activities at the micro-level in small firms, using interviews and thematic analysis. Findings – The findings reveal that, compared to firms with lower levels of social and cultural capital, firms which possess higher levels of social and cultural capital have a higher success rate in problem solving and are more likely to engage in innovative activity. Social and cultural capitals complement and reinforce one another in small firms, for example an enhanced ability to utilise networks (social capital) allows small firms to access a greater diversity of knowledge (cultural capital). Originality/value – Little is known about how different forms of capital are utilised in the day-to-day operations and problem solving of small firms: the application of Bourdieu{\textquoteright}s Capital Theory offered an original frame in which to explore these activities.",
keywords = "Capital relationships, Cultural capital, Innovation, Problem solving, Small firms, Social capital",
author = "Jane Glover and Donna Champion and Kevin Daniels and Grahame Boocock",
year = "2016",
month = feb
day = "15",
doi = "10.1108/JSBED-02-2014-0033",
language = "English",
volume = "23",
pages = "25--43",
journal = "Journal of Small Business and Enterprise Development",
issn = "1462-6004",
publisher = "Emerald",
number = "1",

}

RIS

TY - JOUR

T1 - Using capital theory to explore problem solving and innovation in small firms

AU - Glover, Jane

AU - Champion, Donna

AU - Daniels, Kevin

AU - Boocock, Grahame

PY - 2016/2/15

Y1 - 2016/2/15

N2 - Purpose – The purpose of this paper is to investigate how small firms work at a micro-level, applying Bourdieu’s Capital Theory to give insight into the way individuals use the social and cultural capital at their disposal, to innovate and solve problems. Design/methodology/approach – The authors applied qualitative methods to explore problem solving and innovation activities at the micro-level in small firms, using interviews and thematic analysis. Findings – The findings reveal that, compared to firms with lower levels of social and cultural capital, firms which possess higher levels of social and cultural capital have a higher success rate in problem solving and are more likely to engage in innovative activity. Social and cultural capitals complement and reinforce one another in small firms, for example an enhanced ability to utilise networks (social capital) allows small firms to access a greater diversity of knowledge (cultural capital). Originality/value – Little is known about how different forms of capital are utilised in the day-to-day operations and problem solving of small firms: the application of Bourdieu’s Capital Theory offered an original frame in which to explore these activities.

AB - Purpose – The purpose of this paper is to investigate how small firms work at a micro-level, applying Bourdieu’s Capital Theory to give insight into the way individuals use the social and cultural capital at their disposal, to innovate and solve problems. Design/methodology/approach – The authors applied qualitative methods to explore problem solving and innovation activities at the micro-level in small firms, using interviews and thematic analysis. Findings – The findings reveal that, compared to firms with lower levels of social and cultural capital, firms which possess higher levels of social and cultural capital have a higher success rate in problem solving and are more likely to engage in innovative activity. Social and cultural capitals complement and reinforce one another in small firms, for example an enhanced ability to utilise networks (social capital) allows small firms to access a greater diversity of knowledge (cultural capital). Originality/value – Little is known about how different forms of capital are utilised in the day-to-day operations and problem solving of small firms: the application of Bourdieu’s Capital Theory offered an original frame in which to explore these activities.

KW - Capital relationships

KW - Cultural capital

KW - Innovation

KW - Problem solving

KW - Small firms

KW - Social capital

UR - http://www.scopus.com/inward/record.url?scp=84957803909&partnerID=8YFLogxK

U2 - 10.1108/JSBED-02-2014-0033

DO - 10.1108/JSBED-02-2014-0033

M3 - Article

AN - SCOPUS:84957803909

VL - 23

SP - 25

EP - 43

JO - Journal of Small Business and Enterprise Development

JF - Journal of Small Business and Enterprise Development

SN - 1462-6004

IS - 1

ER -