OPPORTUNITY RECOGNITION IN INNER-CITY MARKETS: AN EXPLORATORY STUDY

2012 ◽  
Vol 17 (02) ◽  
pp. 1250011 ◽  
Author(s):  
JEFFREY A. ROBINSON ◽  
RICHARD N. HAYES
Keyword(s):  
Inner City ◽  
Exploratory Study ◽  
Two Dimensions ◽  
Opportunity Recognition ◽  
Institutional Factors ◽  
Business Managers ◽  
Business Opportunity ◽  
Business Opportunities ◽  
Entry Decision ◽  
Viable Business

We argue that inner-city markets pose a challenge for business managers and entrepreneurs because many do not understand how to address significant social and institutional factors that exist in these markets. These factors around inner-city business opportunities may lead entrepreneurs with limited knowledge and experience in these markets to overlook or undervalue viable business opportunities. We propose that the combination of entrepreneurs' inner-city experience and social and institutional factors around business opportunities will explain patterns of opportunity recognition. This paper describes a study of 146 subjects that experimentally tests this hypothesis along two dimensions: the evaluation of business opportunity and the entry decision.

scholarly journals The Mediating Effect of Emotion on Entrepreneurship Education and Business Opportunity Recognition

2021 ◽  
Vol 21 (3) ◽  
pp. 1479-1493
Author(s):  
Nor Hafiza Othman ◽  
Norasmah Othman
Keyword(s):  
Structural Equation ◽  
Entrepreneurship Education ◽  
Opportunity Recognition ◽  
Partial Least Square ◽  
Least Square ◽  
Mediating Effect ◽  
Equation Modeling ◽  
Business Opportunity ◽  
Business Opportunities ◽  
The Stability

The purpose of this study is to determine the effect of entrepreneurial emotion on relationship between entrepreneurship education and business opportunity recognition. Entrepreneurship process begins when an entrepreneur recognizes a business opportunity that involves various emotions throughout the process. Although various activities and entrepreneurship programs are carried out in universities, the involvements of students and graduates in business start-ups are still small. The main factor is the failure to leverage potential business opportunities, which in turn, leads to the stability of emotion’s reliance. A total of 152 of final year students participated in this study. The data were collected from questionnaires, and the hypotheses were tested using Partial Least Square - Structural Equation Modeling (PLS-SEM). The findings indicated that entrepreneurship education, emotion and opportunity recognition were significantly related. It was also found that entrepreneurial emotion partially mediated the relationship between entrepreneurship education and opportunity recognition. The findings have confirmed that although entrepreneurship education helps improve students’ capabilities to adapt to new environments, and recognizes the potential of business opportunities, a stable emotion is crucial throughout the entire entrepreneurship process.

scholarly journals COUNTRY MATTERS: WELL-BEING AND EMIGRATION PLANS AMONG UNIVERSITY STUDENTS IN SLOVAKIA AND BULGARIA: THE MEDIATION EFFECT OF ROOTEDNESS

2020 ◽  
pp. 107-119
Author(s):  
Frederika Lučanská ◽  
◽  
Oľga Orosová ◽  
Vihra Naydenova ◽  
Jozef Benka ◽  
...  
Keyword(s):  
University Students ◽  
Exploratory Study ◽  
Online Survey ◽  
Well Being ◽  
Two Dimensions ◽  
Mediation Effect ◽  
One Dimension ◽  
Psychological Mechanisms ◽  
The Relationship

The objective of this exploratory study was to examine the relationship between well-being, rootedness and emigration plans (EP) among university students in Slovakia and Bulgaria. It also explored the mediation effect of rootedness in the relationship between well-being and EP. The data were collected throughan online survey (SLiCE 2016). The research sample consisted of 361 university students (M=22.4 years, SD=3.8) from Slovakia (141, 86.5% female) and Bulgaria (220, 69.1% female). Based on their emigration plans, the respondentswere dividedinto two groups;those who do not plan to leave (n=218, 60.4%) and those who plan to leave in the long term (n=143, 39.6%) after they finish university. ForSlovakia, all factors were significantly related toEP. Furthermore, the association between well-being and EP was fully mediated by two dimensions of rootedness with different psychological mechanisms. For Bulgaria, only well-being and onedimension of rootedness,desire for change,were significantly related to EP. It was also found that the association between well-being and EP was partially mediated by only one dimension of rootedness –desire for change. This study highlightsthat rootedness hasa different relationship with other examined factorsin different countries and also that it is necessary to respect the cultural and socio-economic featuresof acountry.

scholarly journals PROSPECT BUDIDAYA USAHA LEBAH MADU (Trigona sp) DENGAN METODE TOPING DAN STUP

2020 ◽  
Vol 4 (2) ◽  
pp. 13-22
Author(s):  
Safrin Edy ◽  
Laode Al Hemawan Ardi
Keyword(s):  
Honey Bee ◽  
Carrying Capacity ◽  
Honey Bees ◽  
Business Development ◽  
Feasibility Analysis ◽  
Business Opportunity ◽  
Honey Production ◽  
Business Opportunities ◽  
Additional Costs ◽  
Bee Colonies

This study aims to analyze the feasibility of the business and analyze the opportunities and threats of Trigona Ongka farm in Laompo Village, Batauga District, South Buton Regency. The research was conducted from January to February 2020 in Laompo Village, Batauga District, South Buton Regency. The sample in this study was 1 (one) honeybee breeders (Trigona sp). The method used is the independent sample t-test and the R / C feasibility analysis. Business opportunities and threats are analyzed qualitatively. The results showed that the business feasibility of Trigona sp honey bee livestock through the STUP and topping method was 1.5, (R/C > 1), meaning that each additional cost incurred resulted in a larger increase in revenue as much as IDR 1,400,000 for the STUP method and IDR 1,500,000 for the topping method instead of additional costs or simply profitable business activities. The honey bee livestock business opportunity of Trigona sp, namely honey as a favorite that is popular, relatively stable price, partially known production of the community, the location is easy to reach by vehicles, the availability of large land for business development. While the threat of Trigona sp honey bee livestock, namely: lack of environmental carrying capacity, so that environmental improvements and increasing the number of bee colonies are needed to increase honey production, do not have a product brand to be widely commercialized, product quality standardization is still poorly understood by breeders, there is no internal coordination between breeders to strengthen institutions and lack of access to assistance from capital institutions in terms of capital.  Keywords: Prospects, Business Feasibility, Honey Bees

Entrepreneurial Needs for Outer Urban Co-Working Hubs

2021 ◽  
pp. 190-219
Author(s):  
Emsie Arnoldi ◽  
Vanessa Cooper ◽  
Cathy Greenfield ◽  
Rachelle Bosua ◽  
Huck Ying Ch'ng
Keyword(s):  
Inner City ◽  
Activity Theory ◽  
Urban Areas ◽  
Exploratory Study ◽  
Flexible Work ◽  
City Area ◽  
Fast Growing ◽  
Work Arrangements ◽  
Urban City ◽  
Coworking Spaces

Workspaces and workplaces have changed significantly over the last decade. Facilitated by networking and collaboration tools, there has been a steady concentration of inner-city coworking spaces providing many opportunities for new flexible work arrangements. Driven by sustainability and creative entrepreneurship, coworking spaces are ideal hosting and meeting places to connect creative minds. Despite the growth in inner city coworking spaces, little is known of entrepreneurial needs for coworking models in outer urban city areas, particularly areas that experience rapid population growth. The authors conducted an exploratory study to identify entrepreneurs' coworking needs in a fast-growing outer urban city area in Melbourne, Australia. Drawing on activity theory (AT) as a lens to analyse the data, the study confirms that entrepreneurs in fast-growing outer urban areas have unique coworking needs compared to those in inner-city areas. The study identifies three key requirements that an outer urban coworking model needs to address to support a growing cohort of outer-urban anywhere workers.

Enhancing the Preparedness of SMEs for E-Business Opportunities by Collaborative Networks

2011 ◽  
pp. 254-270
Author(s):  
Heiko Duin ◽  
Klaus-Dieter Thoben
Keyword(s):  
Strategic Planning ◽  
Automotive Industry ◽  
Impact Analysis ◽  
Virtual Organisations ◽  
Collaborative Networks ◽  
Business Opportunity ◽  
Organisational Form ◽  
Business Opportunities ◽  
The Right

This chapter introduces virtual Organisations (VOs) as a special organisational form of collaborative networks of SMEs to conduct E-Business projects. VOs are normally not created from scratch, but instantiated from a strategic network or pool of enterprises. This enhances the preparedness of participating members when an E-Business opportunity occurs. The underlying strategic network acts as a breeding environment for the VOs. Therefore, it is called a VO Breeding Environment (VBE). Examples from the automotive industry are illustrating the development and needs of this concept. Strategic planning is important for such a network in order to increase chances of occurring business opportunities. The remainder of this chapter shows how scenario-oriented methods such as cross-impact analysis can be used to support a collaborative strategic planning in such networked organisations. The application of such methods allows long-term foresight and the anticipation of the right technological, financial and business oriented decisions.

Enhancing the Preparedness of SMEs for E-Business Opportunities by Collaborative Networks

2010 ◽  
pp. 30-45
Author(s):  
Heiko Duin ◽  
Klaus-Dieter Thoben
Keyword(s):  
Strategic Planning ◽  
Automotive Industry ◽  
Impact Analysis ◽  
Virtual Organisations ◽  
Collaborative Networks ◽  
Business Opportunity ◽  
Organisational Form ◽  
Business Opportunities ◽  
The Right

This chapter introduces virtual Organisations (VOs) as a special organisational form of collaborative networks of SMEs to conduct E-Business projects. VOs are normally not created from scratch, but instantiated from a strategic network or pool of enterprises. This enhances the preparedness of participating members when an E-Business opportunity occurs. The underlying strategic network acts as a breeding environment for the VOs. Therefore, it is called a VO Breeding Environment (VBE). Examples from the automotive industry are illustrating the development and needs of this concept. Strategic planning is important for such a network in order to increase chances of occurring business opportunities. The remainder of this chapter shows how scenario-oriented methods such as cross-impact analysis can be used to support a collaborative strategic planning in such networked organisations. The application of such methods allows long-term foresight and the anticipation of the right technological, financial and business oriented decisions.

University context matter

2018 ◽  
Vol 60 (7/8) ◽  
pp. 873-890 ◽  
Author(s):  
Elin Merethe Oftedal ◽  
Tatiana A. Iakovleva ◽  
Lene Foss
Keyword(s):  
Design Methodology ◽  
Social Systems ◽  
Three Dimensional ◽  
Two Dimensions ◽  
Opportunity Recognition ◽  
Entrepreneurial Intentions ◽  
Cognitive Structures ◽  
Content Type ◽  
Structural Context ◽  
Educational Programmes

PurposeHow university context (UC) enhances students’ entrepreneurial intentions and opportunity recognition is an emerging topic. It is known that students learn, not only from educational programmes, but also from the context in which they are embedded. The purpose of this paper is to investigate the effect of such context on student’s entrepreneurial intentions and opportunity recognition.Design/methodology/approachThe authors use a three-dimensional institutional framework to describe UC including regulative, normative and cognitive structures. Regulative structures refer to rules and regulations, support initiatives in relation to entrepreneurship; normative structures include shared values and norms; while cognitive structures apply to knowledge among students and faculty. A heterogeneous sample of 196 respondents from five countries was used to create reliable measures of UC and to test the hypotheses with the help of regression analysis.FindingsThe findings indicate that two dimensions of UC in particular (regulative and normative) were shown to be of great importance in increasing entrepreneurial intentions and opportunity recognition among students.Originality/valueThe study contributes to this further by suggesting a reliable and theory-grounded scale of UC. Furthermore, this study adds to the discussion on entrepreneurship education by proving evidence of the importance of UC on entrepreneurial intentions. The important contribution is acknowledgement of the fact that social systems both constrain and enable entrepreneurs in their discovery, evaluation and exploitation of opportunities. The authors have established that “would-be student entrepreneurs” do not exist separately from their structural context. Attempts to understand them outside of this context cannot, therefore, fully capture their nature.

Strategies of Expert Teachers for Teaching Identification of Business Opportunities

2014 ◽  
Vol 28 (2) ◽  
pp. 97-111
Author(s):  
Jan Nab ◽  
Hanno van Keulen ◽  
Albert Pilot
Keyword(s):  
Higher Education ◽  
Idea Generation ◽  
Expert Teachers ◽  
Transfer Of Knowledge ◽  
Science Students ◽  
Educational Strategies ◽  
Opportunity Identification ◽  
Knowledge And Skills ◽  
Business Opportunity ◽  
Business Opportunities

The process of opportunity identification is under-emphasized in higher education; and there is a need for validated educational strategies to foster this competence in science students. In a previous study, three strategies were elaborated and evaluated in the classroom: stimulating the use of idea generation techniques, stimulating the conceptualization and evaluation of business opportunities, and promoting the transfer of knowledge and skills in opportunity identification. The focus of this validation study is on whether expert teachers use these strategies in teaching, which sub-strategies they use and whether they use additional strategies with the same objective. It was found that expert teachers frequently applied the previously reported strategies feasibly and effectively and reported various sub-strategies. Moreover, they described three additional strategies: selecting students for an elective by assessing their business idea, providing time for incubation of the business opportunity and challenging students to abandon routine problem-solving patterns.

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