TY - JOUR
T1 - A theory of entrepreneurial opportunity identification and development
AU - Ardichvili, Alexander
AU - Cardozo, Richard
AU - Ray, Souray
N1 - Copyright:
Copyright 2019 Elsevier B.V., All rights reserved.
PY - 2003/1/1
Y1 - 2003/1/1
N2 - This paper builds on existing theoretical and empirical studies in the area of entrepreneurial opportunity identification and development. It utilizes Dubin's [Theory Building, (second ed.). Free Press, New York, 1978.] theory building framework to propose a theory of the opportunity identification process. It identifies entrepreneur's personality traits, social networks, and prior knowledge as antecedents of entrepreneurial alertness to business opportunities. Entrepreneurial alertness, in its turn, is a necessary condition for the success of the opportunity identification triad: recognition, development, and evaluation. A theoretical model, laws of interaction, a set of propositions, and suggestions for further research are provided.
AB - This paper builds on existing theoretical and empirical studies in the area of entrepreneurial opportunity identification and development. It utilizes Dubin's [Theory Building, (second ed.). Free Press, New York, 1978.] theory building framework to propose a theory of the opportunity identification process. It identifies entrepreneur's personality traits, social networks, and prior knowledge as antecedents of entrepreneurial alertness to business opportunities. Entrepreneurial alertness, in its turn, is a necessary condition for the success of the opportunity identification triad: recognition, development, and evaluation. A theoretical model, laws of interaction, a set of propositions, and suggestions for further research are provided.
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U2 - 10.1016/S0883-9026(01)00068-4
DO - 10.1016/S0883-9026(01)00068-4
M3 - Article
AN - SCOPUS:0037215238
SN - 0883-9026
VL - 18
SP - 105
EP - 123
JO - Journal of Business Venturing
JF - Journal of Business Venturing
IS - 1
ER -