Influence of Entrepreneurial Experience, Alertness, and Prior Knowledge on Opportunity Recognition

2015 ◽  
Vol 43 (9) ◽  
pp. 1575-1583 ◽  
Author(s):  
Yu Li ◽  
Pei Wang ◽  
Ya-Jun Liang
Keyword(s):  
University Students ◽  
Prior Knowledge ◽  
Opportunity Recognition ◽  
Entrepreneurial University ◽  
Future Directions ◽  
Entrepreneurial Experience ◽  
Entrepreneurial Alertness ◽  
Chinese University ◽  
Entrepreneurial Training ◽  
Practical Implications

The influence of Chinese university students' entrepreneurial experience, alertness, and prior knowledge on opportunity recognition was examined using the novice–experienced entrepreneurs contrast paradigm. After viewing a self-made opportunity situation, 94 entrepreneurial university students and 114 nonentrepreneurial university students were instructed to complete via email or paper and pencil tests measures of opportunity recognition, entrepreneurial alertness, and prior knowledge. The results showed that entrepreneurial alertness significantly and directly predicted opportunity recognition, whereas prior knowledge significantly and indirectly affected opportunity recognition through its impact on entrepreneurial alertness. The entrepreneurial alertness of nonentrepreneurial university students significantly influenced their opportunity recognition; in contrast, the prior knowledge of entrepreneurial university students greatly influenced their opportunity recognition. Practical implications for entrepreneurial training and future directions for research on opportunity recognition are discussed.

PENGARUH SELF-EFFICACY, PRIOR KNOWLEDGE, DAN SOCIAL NETWORK TERHADAP OPPORTUNITY RECOGNITION DENGAN MEDIASI ENTREPRENEURIAL ALERTNESS PADA UMKM BIDANG KULINER BINAAN DINAS KUKM KOTA BANDUNG

2020 ◽  
Vol 4 (8) ◽  
pp. 1132-1145
Author(s):  
Novia Nabilla Mi'raj ◽  
Lia Yuldinawati
Keyword(s):  
Social Network ◽  
Prior Knowledge ◽  
Self Efficacy ◽  
Opportunity Recognition ◽  
Entrepreneurial Alertness

Opportunity Recognition (OR) memiliki peranan penting dalam dunia wirausaha. Dalam penelitian terdahulu, OR sering disebutkan sebagai langkah kunci dalam proses kewirausahaan. Penelitian ini bertujuan untuk mengetahui seberapa signifikan pengaruh dan arah hubungan Self-Efficacy (SE), Prior Knowledge (PK), Social Network (SN) dan terhadap OR dengan mediasi Entrepreneurial Alertness (EA). Objek pada penelitian adalah UMKM bidang kuliner binaan Dinas KUKM Kota Bandung. Data dalam penelitian ini didapat melalui penyebaran kuesioner secara online kepada 339 sampel dari 2221 populasi UMKM bidang kuliner binaan Dinas KUKM Kota Bandung. Kuesioner terdiri atas beberapa pernyataan dengan pilihan jawaban berupa 5 skala likert. Dalam pengujian hipotesis menunjukkan bahwa semua faktor secara positif berhubungan dengan OR. Selain itu hasil menunjukkan bahwa SE tidak mempengaruhi OR secara signifikan, dan yang memiliki pengaruh paling signifikan adalah SN.

scholarly journals Cognitive frameworks of different types of Social entrepreneurs

2021 ◽  
Author(s):  
Tahia Alam
Keyword(s):  
Opportunity Recognition ◽  
Social Entrepreneurs ◽  
Future Directions ◽  
Different Types ◽  
Cognitive Frameworks ◽  
Practical Implications

<p> </p> <p>The main purpose of the paper is to elaborate the cognitive frameworks using which social entrepreneurs (i.e., social bricoleurs, social constructionists and social engineers) identify meaningful patterns leading to their identification of divergent opportunities. Individuals develop cognitive frameworks (prototypes) via experiences which enable them to recognize patterns leading to opportunity recognition. This study will propose how different types of social entrepreneurs use their distinctive cognitive frameworks to identify and recognize patterns relevant to their respective goals. Future directions for research and practical implications for entrepreneurs are provided. </p>

Prior knowledge, cognitive characteristics and opportunity recognition

2016 ◽  
Vol 22 (1) ◽  
pp. 63-83 ◽  
Author(s):  
Ali Hajizadeh ◽  
Mohammadreza Zali
Keyword(s):  
Prior Knowledge ◽  
Structural Model ◽  
Positive Impact ◽  
Opportunity Recognition ◽  
Content Type ◽  
Effective Factors ◽  
Cognitive Characteristics ◽  
Entrepreneurial Alertness ◽  
The Impact

Purpose – In order to answer why and how some individuals identify opportunities, the purpose of this paper is to offer a comprehensive framework of key effective factors that investigates the role of prior knowledge and cognitive characteristics of entrepreneurial alertness and learning in the entrepreneurial opportunities recognition process. Design/methodology/approach – First, the authors identified key effective factors and developed research hypotheses and conceptual model. Second, the authors considered research methodology including sampling and data collection, measurement model. The third section presents a report of the results from the analysis of the structural model and the hypotheses tests. Findings – The findings show that all the three factors had positive impact on opportunity recognition. It is also confirmed that prior knowledge has significant impact on entrepreneurial alertness and learning. Finally, the results demonstrate that both entrepreneurial alertness and learning partially mediated the relationship between prior knowledge and opportunity recognition. Research limitations/implications – Possible effects of other cognitive characteristics such as creativity and innovation can be considered in the model to increase accuracy of the findings. Also, comparative studies with the proposed framework in different industrial domains can be conducted in order to compare the possible differences concerning the role of the factors in opportunity recognition. Practical implications – By using this model, entrepreneurs will be able to identify and enhance the factors that influence opportunity recognition, thus honing this entrepreneurial ability. Also, this framework can be employed in the field of education to identify opportunity recognition problems in individuals and to foster entrepreneurs. Originality/value – This paper presents a new integrated model that would examine the impact of key effective factors of entrepreneurial opportunity recognition simultaneously while taking into account the interactions among them.

Factors affecting entrepreneurial opportunities recognition in tourism small and medium sized enterprises

2016 ◽  
Vol 71 (1) ◽  
pp. 6-17 ◽  
Author(s):  
Tayebeh Nikraftar ◽  
Elahee Hosseini
Keyword(s):  
Prior Knowledge ◽  
Success Factors ◽  
Opportunity Recognition ◽  
Tourism Industry ◽  
Entrepreneurial Opportunity ◽  
Content Type ◽  
Factors Affecting ◽  
Positive Effects ◽  
Entrepreneurial Alertness ◽  
Entrepreneurial Opportunities

Purpose The purpose of this paper is to examine the antecedents of entrepreneurial opportunity recognition. Design/methodology/approach Questionnaire data were collected from 220 senior tourism business members in Iran. Findings The results show that an individual’s self-efficacy, prior knowledge and social networks, all had positive effects on entrepreneurial alertness. Also, entrepreneurial alertness contributed significantly to entrepreneurial opportunity recognition. Research limitations/implications The findings show that social network was the most important predictor among all other of the antecedents of entrepreneurial opportunity recognition. Because the data were limited to tourism industry, future studies need to validate these findings in other industries. Practical Implications Findings of this study suggest that to increase entrepreneurial opportunity recognition ability, it is critical for tourism businesses to invest in developing and enhancing individual ability. Originality/value The value of this paper lies in its contribution to understanding better the predictors to become entrepreneurs in tourism. Particularly, the paper adds to the existing literature by showing that the key success factors for entrepreneurial alertness are individual abilities, especially individual social contacts. People who want to work in the tourism industry should promote own communication network with other businesses and people to find new entrepreneurial opportunities. It is better they work in areas that have enough prior knowledge and experiences.

A psychological model of entrepreneurial decision making

2010 ◽  
Vol 38 (3) ◽  
pp. 357-363 ◽  
Author(s):  
Qing Miao ◽  
Ling Liu
Keyword(s):  
Decision Making ◽  
Prior Knowledge ◽  
Structural Equation ◽  
Equation Model ◽  
Opportunity Recognition ◽  
Entrepreneurial Opportunity ◽  
Mediating Role ◽  
Entrepreneurial Alertness ◽  
Entrepreneurial Decision ◽  
The Individual

A causal model of a mechanism related to entrepreneurial decision making was built using information obtained from psychological questionnaires (the Entrepreneurial Alertness Questionnaire, Miao, 2006; The Prior Knowledge Questionnaire, derived from Shane, 2000, and 2 questionnaires developed by Miao - The Entrepreneurial Opportunity and Entrepreneurial Decision Making Questionnaire). Based on data from 327 entrepreneurs, the hypothesized structural equation model was validated. Results indicated that the individual psychological factors (entrepreneurial alertness and prior knowledge) were the antecedents of entrepreneurial opportunity recognition and influenced entrepreneurial decision-making criteria. Therefore, it was evident that opportunity recognition played a key mediating role in the model.

scholarly journals Cognitive frameworks of different types of Social entrepreneurs

2021 ◽  
Author(s):  
Tahia Alam
Keyword(s):  
Opportunity Recognition ◽  
Social Entrepreneurs ◽  
Future Directions ◽  
Different Types ◽  
Cognitive Frameworks ◽  
Practical Implications

<p> </p> <p>The main purpose of the paper is to elaborate the cognitive frameworks using which social entrepreneurs (i.e., social bricoleurs, social constructionists and social engineers) identify meaningful patterns leading to their identification of divergent opportunities. Individuals develop cognitive frameworks (prototypes) via experiences which enable them to recognize patterns leading to opportunity recognition. This study will propose how different types of social entrepreneurs use their distinctive cognitive frameworks to identify and recognize patterns relevant to their respective goals. Future directions for research and practical implications for entrepreneurs are provided. </p>

Delineating competency and opportunity recognition in the entrepreneurial intention analysis framework

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
WeiLee Lim ◽  
Yvonne Lee ◽  
Abdullah Al Mamun
Keyword(s):  
Structural Equation ◽  
Entrepreneurial Intention ◽  
Opportunity Recognition ◽  
Analysis Framework ◽  
Cross Sectional ◽  
Content Type ◽  
Entrepreneurial Alertness ◽  
Entrepreneurial Knowledge ◽  
Cross Sectional Design ◽  
Practical Implications

Purpose This study aims to delineate opportunity recognition as a competency from opportunity recognition as an outcome in the form of ideas and opportunities. In addition, a model was developed to examine the antecedents that lead to opportunity recognition competency, the intention to be an entrepreneur and finally, the actual number of ideas and opportunities discovered. Design/methodology/approach This study adopted cross-sectional design and collected quantitative data from a total of 247 randomly selected final year students from two private universities in Malaysia. Partial least squares structural equation modelling was applied to test the associations. Findings Study revealed that opportunity recognition competency and ability to develop ideas or exploitable opportunities are distinct constructs. Students with high competency in recognising opportunities are interested to be an entrepreneur but are not necessarily prepared with tangible ideas or exploitable opportunities. Absorptive capacity, entrepreneurial alertness and entrepreneurial knowledge were found to be significant predictors of opportunity recognition competency. Practical implications Firstly, in managing outputs of entrepreneurship education and trainings, opportunity recognition competency and number of ideas and opportunities should be separately and explicitly measured. Secondly, entrepreneurial alertness and entrepreneurial knowledge must be emphasised in entrepreneurial education or training on guiding students to be alert to information and honing their opportunity recognition competency skills through active search techniques. Originality/value This study is one of the few studies that clarify and empirically distinguish the concept of opportunity recognition as competency from opportunity recognition as an outcome in the forms of ideas and exploitable opportunities.

Does the presence of variety matter for bundle evaluation?

2019 ◽  
Vol 47 (7) ◽  
pp. 1-13 ◽  
Author(s):  
Xia Wang ◽  
Ziwei Wang
Keyword(s):  
University Students ◽  
Mediating Role ◽  
Chinese University ◽  
Chinese University Students ◽  
Moderating Role ◽  
Product Bundles ◽  
Practical Implications ◽  
Hedonic Benefits

We examined consumers' perceptions of, and responses to, variety in product bundles in 3 studies with Chinese university students aged between 17 and 29 years. In Study 1 (117 participants) we found that variety (vs. nonvariety) bundles were more attractive and more likely to be purchased, and this effect was robust across different variety formats. In Study 2 (89 participants) the mediating role of perceived hedonic benefits was supported, that is, participants responded to the level of variety in product bundles as they tried to maximize their hedonic benefit from the consumption. In Study 3 (74 participants) we further explored the moderating role of consumption goal and found that participants were willing to forgo an additional quantity to have variety, especially when their consumption goal was hedonic rather than utilitarian. Theoretical implications and practical implications for marketers are discussed.

scholarly journals How to Make Students Happy During Periods of Online Learning: The Effect of Playfulness on University Students’ Study Outcomes

2021 ◽  
Vol 12 ◽  
Author(s):  
Yuqian Li ◽  
Fengfei Hu ◽  
Xiao He
Keyword(s):  
Life Satisfaction ◽  
Online Learning ◽  
University Students ◽  
Online Courses ◽  
Sense Of Control ◽  
Chinese University ◽  
The World ◽  
School Burnout ◽  
Practical Implications

University students’ study outcomes, their psychological wellbeing in particular, have been considered closely by both education researchers and practitioners. It is worth exploring ways to improve the quality of life of students, especially during the pandemic period when millions of students around the world have taken online courses at home. This paper tests the influence of playfulness on the levels of life satisfaction and school burnout of college students. To examine our hypotheses, we distributed our survey to 353 Chinese university students (mean age 20.10 years) in their online learning semester in 2020 due to the outbreak of COVID-19. Correlation analysis and path analysis were applied to analyze the data. The results show that playfulness positively relates to life satisfaction and negatively correlates to school burnout. Moreover, a sense of control mediates these relationships. Both theoretical and practical implications are discussed.

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