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Prior Knowledge and the identification of opportunities

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In a previous post, we quoted Shane and Venkataraman (2000) “To have entrepreneurship, you must first have entrepreneurial opportunities” to portray the link between entrepreneurship and opportunity identification. But, how do entrepreneurs identify business opportunities? which factors influence the discovery process? Research on opportunity identification, from an objective perspective (Wood & McKinley, 2010), has shown that entrepreneur’s prior knowledge allows them to recognize certain opportunities, but not others (Venkataraman, 1997); …[ seguir leyendo ]

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Innova Institute research (and III): Entrepreneurship

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Yesterday, it was Schumpeter’s birthday anniversary, born on 8 February 1883. Joseph A. Schumpeter is one of the major contributors to our current understanding on …[ seguir leyendo ]

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