THE SEARCH FOR ENTREPRENEURIAL OPPORTUNITY

This paper presents a conceptual framework which can be used to analyse the process of entrepreneurial opportunity discovery. An opportunity can be considered as a project whose exploitation would be advantageous to the entrepreneur. The entrepreneur has to use judgment in deciding which projects ar...

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Published in:History of economic ideas 2007-01, Vol.15 (1), p.137-158
Main Authors: Casson, Mark, Wadeson, Nigel
Format: Article
Language:English
Subjects:
Economic costs
Economic models
Economic resources
Entrepreneurs
Entrepreneurship
Factor markets
Free market economies
INNOVATIONS AND CREATIVE DESTRUCTION
Market competition
Resource economics
Supply
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container_title History of economic ideas
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creator Casson, Mark
Wadeson, Nigel
description This paper presents a conceptual framework which can be used to analyse the process of entrepreneurial opportunity discovery. An opportunity can be considered as a project whose exploitation would be advantageous to the entrepreneur. The entrepreneur has to use judgment in deciding which projects are most worthwhile to put into operation. One important aspect of this is the question of how the entrepreneur is to apply judgment in deciding what information to gather, given the need to economise on the costs of doing so.
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identifier ISSN: 1122-8792
ispartof History of economic ideas, 2007-01, Vol.15 (1), p.137-158
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source JSTOR Archival Journals and Primary Sources Collection
subjects Economic costs
Economic models
Economic resources
Entrepreneurs
Entrepreneurship
Factor markets
Free market economies
INNOVATIONS AND CREATIVE DESTRUCTION
Market competition
Resource economics
Supply
title THE SEARCH FOR ENTREPRENEURIAL OPPORTUNITY
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