The Combination of Knowledge Gap Theory and RBV to Enhance the Small Business Performance

According to the RBV and the knowledge gap theory, the small-business owner with a basic business education is better able to handle the business aspects of an operation. Misunderstanding can range from misinterpretations of the business enterprise to certain aspects of the job, which causes knowledge gaps between the workers. The dispute or lack of knowledge of operating costs will create a knowledge gap with other small-business owners. A lack of knowledge will put the company at risk. The theory assumed that providing the other group with some basic business education could narrow knowledge gaps. A primary education in finance and management skills will help the small-business owner survive