Differences in Entrepreneurial Opportunities: The Role of Tacitness and Codification in Opportunity Identification*

2009 ◽  
Vol 47 (1) ◽  
pp. 38-57 ◽  
Author(s):  
Brett R. Smith ◽  
Charles H. Matthews ◽  
Mark T. Schenkel
Keyword(s):  
Opportunity Identification ◽  
Entrepreneurial Opportunities

scholarly journals Early warning: the role of market on entrepreneurial alertness

2016 ◽  
Vol 6 (2) ◽  
Author(s):  
Bahare Ghasemi ◽  
Aligholi Rowshan
Keyword(s):  
Test Results ◽  
Opportunity Identification ◽  
Entrepreneurial Alertness ◽  
Entrepreneurial Opportunities ◽  
Schema Complexity ◽  
Market Opportunities ◽  
The Difference ◽  
The Mind ◽  
The Relationship

Given the growth and role of entrepreneurship today, it is becoming increasinglyimportant to understand how new entrepreneurial opportunities get developed. Discussions of the emergence of new entrepreneurial opportunities often include “eureka” moments, but our understanding of how new opportunities get brought forward is limited. We attribute the difference to a loosely defined quality that Kirzner called “entrepreneurial alertness”. Other market actors do not have the responsibility to create innovative market opportunities although they do have an obligation to consider such opportunities once they are available in the marketplace. Consequently, understanding the opportunity identification processrepresents one of the core intellectual questions for the domain of entrepreneurship. So the question of this paper is how are market environments represented and interpreted in the mind of the entrepreneur such that opportunity identification occurs? and what factors impress on it? To achieve this goal we distribute questionnaires between 115 M.A. students from Economics and Management college of University of Sistan & Baluchestan for the years2012 and 2013. Analysis was done by correlation test. Results showed that there is a significant relationship between market disequilibrium, accuracy vs. timeliness, schema complexity, counterfactual thinking, frame-breaking and sensitivity to profit potential and student’s entrepreneurial alertness; but the relationship between ignorance of new resource and excessive optimism or pessimism about resource and student’s entrepreneurial alertness was not significant.

scholarly journals Ecosystem dynamics: exploring the interplay within fintech entrepreneurial ecosystems

2021 ◽  
Author(s):  
Ahmad Alaassar ◽  
Anne-Laure Mention ◽  
Tor Helge Aas
Keyword(s):  
New Ventures ◽  
Ecosystem Dynamics ◽  
Resource Exploitation ◽  
Cultural Perspective ◽  
Structured Interviews ◽  
Opportunity Identification ◽  
Entrepreneurial Ecosystems ◽  
Regulatory Dynamics ◽  
Financial Technology

AbstractScholars and practitioners continue to recognize the crucial role of entrepreneurial ecosystems (EEs) in creating a conducive environment for productive entrepreneurship. Although EEs are fundamentally interaction systems of hierarchically independent yet mutually dependent actors, few studies have investigated how interactions among ecosystem actors drive the entrepreneurial process. Seeking to address this gap, this paper explores how ecosystem actor interactions influence new ventures in the financial technology (fintech) EE of Singapore. Guided by an EE framework and the use of an exploratory-abductive approach, empirical data from semi-structured interviews is collected and analyzed. The findings reveal four categories representing both the relational perspective, which features interaction and intermediation dynamics, and the cultural perspective, which encompasses ecosystem development and regulatory dynamics. These categories help explain how and why opportunity identification and resource exploitation are accelerated or inhibited for entrepreneurs in fintech EEs. The present study provides valuable contributions to scholars and practitioners interested in EEs and contributes to the academic understanding of the emerging fintech phenomenon.

scholarly journals Investigating the Role of Personal Turbulence in Entrepreneurial Opportunities Recognition in Agriculture Sector (The Case of Kermanshah Province)

2017 ◽  
Vol 4 (7) ◽  
pp. 13-19
Author(s):  
Mozhgan Khoshmaram ◽  
Kiomars Zarafshani ◽  
Ali Asghar Mirakzadeh ◽  
Amir Hossein Alibaygi ◽  
◽  
...  
Keyword(s):  
Agriculture Sector ◽  
Entrepreneurial Opportunities

The Impact of Entrepreneurial Education on Entrepreneurial Activity: With the Moderating Role of Future Time Perspective and Mediating Role of Opportunity Identification

2019 ◽  
Vol 16 (11) ◽  
pp. 4660-4667
Author(s):  
Chandej Charoenwiriyakul ◽  
Sriparinya Toopgajank ◽  
Sittichai Thammasane
Keyword(s):  
Time Perspective ◽  
Positive Impact ◽  
Future Time Perspective ◽  
Entrepreneurial Activity ◽  
Entrepreneurial Education ◽  
Opportunity Identification ◽  
Future Time ◽  
Mediating Role ◽  
The Impact

Purpose: This research is conducted to know the impact of entrepreneurial education on entrepreneurial activity in Thailand, this study also focuses on the moderating effect of future time perspective between entrepreneurial education and opportunity identification. This study is directed to keep opportunity identification as a mediating role between entrepreneurial education and entrepreneurial activity. Methodology: Method of quantitative study is used, questionnaire was selected as the research tool, questionnaires were distributed among private and public universities of Thailand and an online survey was also conducted in order to collect data and in order to collect opinions regarding the main idea of this research. Results: The results showed that entrepreneurial education has a very important and positive impact on entrepreneurial activity and opportunity identification effectively mediates that relationship between entrepreneurial education and opportunity identification. It can be seen that future time perspective is significantly moderating between opportunity identification and entrepreneurial education. Implications: The format and variables adopted in this research are a vital addition to the literature world as almost no research was done keeping these variables all at once whereas, practically this research is helpful for the entrepreneurs and higher education system.

scholarly journals Entrepreneurial thinking and action in opportunity development: A conceptual process model

2019 ◽  
Vol 38 (1) ◽  
pp. 21-40
Author(s):  
Tommy Høyvarde Clausen
Keyword(s):  
Social Interaction ◽  
Process Model ◽  
Translation Theory ◽  
Entrepreneurial Opportunities ◽  
Lateral Translation ◽  
Entrepreneurial Action ◽  
Context Specific ◽  
The Relationship ◽  
Over Time

This article develops a conceptual process model of how founders develop entrepreneurial ideas into opportunities. Drawing on translation theory, I conceptualise opportunity development as a process of translation between three interlinked but distinct entities over time: ostensive ideas (abstract entrepreneurial ideas), performative ideas (context-specific entrepreneurial ideas) and venture offerings. Whereas ostensive and performative ideas reside in the realm of conceptual and entrepreneurial thinking, venture offerings reside in actual business worlds and entrepreneurial action. The model identifies learning about the abstract nature of the entrepreneurial idea itself (ostensive) through lateral translation and abstraction and separates this from developing a concrete manifestation of the idea in time and space (performative) through vertical translation and concretisation. This is different from the venture offering, which is a specific empirical translation of the performative idea. Entrepreneurs receive feedback about the viability of the venture offering from social interaction that influence further opportunity development. The model portrays opportunity development as a triple-looped process driven by distinct types of translation, lateral, vertical and empirical. It clarifies the relationship between entrepreneurial ideas and entrepreneurial opportunities and maps the role of thinking and action in this regard.

Influence of Education in the Augmentation of Women Entrepreneurship

2015 ◽  
Vol 4 (2) ◽  
Author(s):  
Dipu Varghese
Keyword(s):  
Women Entrepreneurs ◽  
Global Economy ◽  
Informal Education ◽  
Opportunity Identification ◽  
Hypothetical Model ◽  
Women Entrepreneurship ◽  
Steady Growth

Entrepreneurship can be considered as the backbone of any economy. Global economy is observing steady growth in the number of women entrepreneurs. In this paper, the role of formal and informal education, in boosting up of women Entrepreneurship is discussed. The influence of education in three different angles, opportunity identification, entry into Entrepreneurship and firm competency are taken into consideration to develop a hypothetical model which can be tested empirically.

Motivational foundations of identifying and exploiting entrepreneurial opportunities

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Thomas K. Maran ◽  
Anna K. Bachmann ◽  
Christine Mohr ◽  
Theo Ravet-Brown ◽  
Lukas Vogelauer ◽  
...  
Keyword(s):  
Early Stage ◽  
Inhibitory Effect ◽  
Opportunity Recognition ◽  
Entrepreneurial Behavior ◽  
Opportunity Identification ◽  
Content Type ◽  
Perceived Ability ◽  
Entrepreneurial Opportunities ◽  
Affiliation Motive ◽  
Business Opportunities

PurposeMotivation can serve as the engine that turns intention into action, and, as such, is indispensable in the early phase of the entrepreneurial process, where opportunity recognition and exploitation are key. However, research in this area has so far shed a selective spotlight on specific facets of entrepreneurial motivation, whereas the consideration of basic motives has been widely neglected. Hence, the purpose of this paper is to illuminate the basic motivational foundations of one core aspect of entrepreneurial behavior, namely opportunity recognition.Design/methodology/approachThe study examined how motivation influences the process of recognizing and exploiting entrepreneurial opportunities in a sample of 312 managing directors and managing partners of small and medium-sized enterprises. Opportunity recognition and exploitation were assessed by two different measures: one evaluating the objective number of recognized and realized business opportunities, the other assessing the perceived proficiency in identifying and exploiting entrepreneurial opportunities. Implicit and explicit facets of basic motivation were measured using a comprehensive assessment of human needs.FindingsFindings show that entrepreneurs' achievement motive is an important driver in both the identification and exploitation of opportunity. The power motive affects the perceived ability to exploit business opportunities. Interestingly, the explicit affiliation motive showed an inhibitory effect on the perceived ability of opportunity identification, whereas implicit affiliation motive is affecting the number of recognized and realized business opportunities positively.Originality/valueThis research clearly highlights the preeminence of basic motivational factors in explaining individual early-stage entrepreneurial behavior, making them a prime target for training interventions.

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