Enabling entrepreneurial breakthroughs: the synergistic role of social capital, dynamic capabilities and innovative thinking

Given the unique challenges facing entrepreneurs and firms in Oman stemming from resource constraints and changing institutional frameworks, this study aims to explain how social capital can help improve entrepreneurial business performance, with the contribution of dynamic abilities, innovative skills and government support. The research model used in the present work builds on established theories, including the Resource Based View and DCT, to explain how entrepreneurs harness incorporeal assets such as social networks, adaptability, and innovation to obtain a competitive advantage. The data has been collected from 347 entrepreneurs in Oman and is analysed using PLS-SEM. The findings reveal that Social Capital is the basic enabler; it provides networks, trust, and shared understanding that allow entrepreneurs access to resources and knowledge. Dynamic capabilities transform those resources into actionable strategies, which are adaptable and resilient. The insights from the current study have important takeaways for entrepreneurs. Entrepreneurs should actively cultivate and maintain robust networks to enhance their access to resources and knowledge. Emphasizing the relational and cognitive social capital can foster trust and shared vision, which are vital for collaboration and innovation. Policy makers should aim to create policies that increase social capital and dynamic capabilities in the entrepreneurial ecosystem.