Is Entrepreneurial Opportunity Objective? Implications from the Ontology and Epistemology of Social Institutions

  title={Is Entrepreneurial Opportunity Objective? Implications from the Ontology and Epistemology of Social Institutions},
  author={Russ McBride and Robert Joseph Wuebker},
This paper takes a fresh look at a core question in entrepreneurship: are opportunities objective, formed by exogenous shocks to pre-existing markets or industries that entrepreneurs then discover, or are they subjective, created endogenously by the entrepreneurs who form them? Getting clear on the nature of opportunity requires distinguishing clearly between its ontological status and its epistemological status. We take a foundational approach, drawing on tools from philosophy, to clarify the… 
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