A framework for the opportunity recognition process in UK entrepreneurial universities

2021 ◽  
pp. 121386
Author(s):  
Alvin Aldawod
Keyword(s):  
Opportunity Recognition ◽  
Entrepreneurial Universities ◽  
Recognition Process

scholarly journals A HEURISTIC-INDUCING METHOD FOR GENERATING INITIAL IDEAS FOR OPPORTUNITIES: AN APPLICATION TO THE AUSTRALASIAN DATING MARKET

2010 ◽  
Vol 18 (02) ◽  
pp. 139-166 ◽  
Author(s):  
MARCO VAN GELDEREN
Keyword(s):  
Real Life ◽  
Psychological Research ◽  
Business Owners ◽  
Opportunity Recognition ◽  
Social Psychological ◽  
Recognition Process ◽  
Research Outcomes ◽  
Social Psychological Research ◽  
New Zealanders

This paper presents a heuristics-inducing method for generating initial ideas for opportunities. It consists of the presentation of snippets of theory and research, selected for their inspirational value and relevance to a particular industry, to business owners in that industry to brainstorm about applications in products and services. In this approach, the researcher bridges the worlds of academia and business, and actively contributes to the opportunity recognition process by selecting, presenting and discussing information. The method is applied to the dating market: searching, matching and/or interacting services, whether internet based or real-life. Participants were ten Australians or New Zealanders dating service owners. The presented information concerns social psychological research outcomes on factors that contribute to attraction and forming bonds, and specific issues relevant to the dating market, e.g., gender imbalances in enrollment. A range of initial ideas for future possibilities in the dating market are presented.

scholarly journals Examining the role of social network size and structural holes

2000 ◽  
Vol 3 (2) ◽  
pp. 47-59 ◽  
Author(s):  
Robert P. Singh ◽  
Ralph C. Hybel ◽  
Gerald E. Hill
Keyword(s):  
Social Network ◽  
Network Size ◽  
Opportunity Recognition ◽  
Entrepreneurial Opportunity ◽  
Structural Holes ◽  
Recognition Process ◽  
Social Network Size

This study examines the importance of social network size and structural holes within the network to the entrepreneurial opportunity recognition process.

EFFECTUATION AND OPPORTUNITY RECOGNITION IN THE RENEWABLE ENERGY SECTOR IN SOUTH AFRICA: A FOCUS ON ENVIRONMENTAL DYNAMISM AND HOSTILITY

2018 ◽  
Vol 23 (02) ◽  
pp. 1850010 ◽  
Author(s):  
BORIS URBAN
Keyword(s):  
South Africa ◽  
Renewable Energy ◽  
Environmental Conditions ◽  
Emerging Market ◽  
Energy Sector ◽  
Opportunity Recognition ◽  
Environmental Dynamism ◽  
New Markets ◽  
Recognition Process ◽  
The Relationship

Effectuation is well suited to broaden our understanding of opportunity recognition because effectual processes are related to recognizing and exploiting opportunities in new markets under conditions of uncertainty. This article investigates the relationship between effectuation and opportunity recognition, while at the same time, accounting for the influence of environmental dynamism and hostility in an African emerging market context — South Africa. In so doing, the paper responds directly to calls for research to emphasize the importance of environmental conditions while placing more attention on quantifying its influences on the opportunity recognition process. Following a survey of 302 enterprises in the renewable energy sector in South Africa, results indicate that entrepreneurs apply effectual principles to recognize and exploit more opportunities while operating in dynamic and hostile surroundings. By explaining the relationships and interactions between effectuation, the environment and opportunity recognition in an African market context, the study provides a more theoretically comprehensive configuration than any of these factors would show in isolation.

A MODEL OF THE ENTREPRENEURIAL OPPORTUNITY RECOGNITION PROCESS

2000 ◽  
Vol 08 (02) ◽  
pp. 103-119 ◽  
Author(s):  
ALEXANDER ARDICHVILI ◽  
RICHARD N. CARDOZO
Keyword(s):  
Prior Knowledge ◽  
Work Experience ◽  
Opportunity Recognition ◽  
Entrepreneurial Opportunity ◽  
Entrepreneurial Ventures ◽  
Recognition Process ◽  
Work Related ◽  
Entrepreneurial Opportunities ◽  
Opportunity Discovery ◽  
Research Propositions

The goal of this study is to propose a model of the entrepreneurial opportunity recognition process. A number of research propositions was generated based on the analysis of the available literature, and then validated by the analysis of in-depth cases of opportunity recognition that resulted in the creation of successful entrepreneurial ventures. The study indicates that entrepreneurial opportunities are discovered through recognition rather than purposeful search; prerequisites for successful opportunity discovery are a combination of entrepreneurial awareness, access to extended social networks, and prior knowledge of markets and customer problems; prior knowledge could exist due to work experience, personal, non-work related experiences and events, or due to relevant to these markets education. Further, opportunity recognition does not require an exceptional level of creativity, and is not likely to involve a prior knowledge of the ways to serve markets.

EFFECTS OF SOCIAL CAPITAL ON THE OPPORTUNITY RECOGNITION PROCESS

2006 ◽  
Vol 14 (02) ◽  
pp. 105-124 ◽  
Author(s):  
VESA PUHAKKA
Keyword(s):  
Social Capital ◽  
Social Interaction ◽  
Opportunity Recognition ◽  
Future Trends ◽  
Committed Relationships ◽  
Recognition Process

The study hypothesizes that social capital of entrepreneurs enhances their opportunity recognition process. The study investigated metal- and ICT-ventures established in 1998 in three different regions of Finland. The results showed that entrepreneurs when recognizing opportunities have (1) active social interaction to acquire knowledge, to forecast future trends, and to evaluate information and decisions, (2) personal contacts to acquire knowledge and to analyze markets, and (3) cognitively committed relationships to evaluate and understand the information and to enact proactively future trends.

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