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Strategic Entrepreneurs at Work: The Nature, Discovery, and Exploitation of Entrepreneurial Opportunities
What do entrepreneurial opportunities look like? How do firms discover and exploit these opportunities to create value and sustain competitive advantage? This paper reviews the strategic management and entrepreneurship literatures to identify the nature and character of entrepreneurial opportunities...
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| Published in: | Small business economics 2007-04, Vol.28 (4), p.301-322 |
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| Main Authors: | , |
| Format: | Article |
| Language: | English |
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| cited_by | cdi_FETCH-LOGICAL-c387t-ab781e5612d7e8edcb190768bf809a9599a4dfb702fcaa443bb6050d8acc3e33 |
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| cites | cdi_FETCH-LOGICAL-c387t-ab781e5612d7e8edcb190768bf809a9599a4dfb702fcaa443bb6050d8acc3e33 |
| container_end_page | 322 |
| container_issue | 4 |
| container_start_page | 301 |
| container_title | Small business economics |
| container_volume | 28 |
| creator | Companys, Yosem E. McMullen, Jeffery S. |
| description | What do entrepreneurial opportunities look like? How do firms discover and exploit these opportunities to create value and sustain competitive advantage? This paper reviews the strategic management and entrepreneurship literatures to identify the nature and character of entrepreneurial opportunities and the entrepreneurial strategies that firms employ to seize and commercialize these opportunities. Three emerging schools are identified. The economic school argues that entrepreneurial opportunities exist as a result of the distribution of information about material resources in society. The cultural cognitive school argues that entrepreneurial opportunities exist as a result of environmental ambiguity and the cultural resources available to interpret and define these opportunities. Finally, the sociopolitical school stresses the role of network and political structures in defining entrepreneurial opportunities. We integrate these perspectives to offer a way to improve understanding of the opportunity creation and exploitation process. |
| doi_str_mv | 10.1007/s11187-006-9034-x |
| format | article |
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| fulltext | fulltext |
| identifier | ISSN: 0921-898X |
| ispartof | Small business economics, 2007-04, Vol.28 (4), p.301-322 |
| issn | 0921-898X 1573-0913 |
| language | eng |
| recordid | cdi_proquest_miscellaneous_36720426 |
| source | EBSCOhost Business Source Ultimate; International Bibliography of the Social Sciences (IBSS); EBSCOhost Econlit with Full Text; ABI/INFORM Global; Springer Link; JSTOR |
| subjects | Business community Business innovation Business management Business networks Business strategies Business structures Business studies Competition Competitive advantage Corporate strategies Economic resources Economic theory Economic value Entrepreneurs Entrepreneurship Exploitation Governance Innovations Opportunity Product innovation Schools Small and medium sized enterprises Social innovation Strategic management Studies Technological innovation |
| title | Strategic Entrepreneurs at Work: The Nature, Discovery, and Exploitation of Entrepreneurial Opportunities |
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