Final answer:
The claim is false; the resource-based view of entrepreneurship focuses on a firm's internal resources and capabilities as the basis for its success, rather than just the usage of institutional resources.
Step-by-step explanation:
The statement concerning the resource-based view of entrepreneurship is false. The resource-based view actually suggests that the success or failure of entrepreneurial firms lies in the firm's unique resources and capabilities, rather than merely how well they utilize formal and informal institutional resources. This perspective emphasizes the importance of a firm's internal resources, which could include tangible assets like technology and capital, as well as intangible assets like brand reputation, organizational culture, and intellectual property, in gaining a competitive advantage.