Are opportunities recognized or constructed? An information perspective on entrepreneurial opportunity identification
- I. P. Vaghely, P. A. Julien
- Journal of Business Venturing,
Technology based economic development and entrepreneurship is important for the growth and economic vitality of regions. Yet, the pathway to seeing these results often remains random. A procedure for economic development organizations to manage information will help businesses and entrepreneurs benefit from interactions with other businesses and entrepreneurs. It builds upon opportunity recognition theory in the entrepreneurship literature as well as resource based view and network theory streams in the strategic management literature. This research develops a procedure using a database management system, implemented by the undergraduate author in collaboration with the other authors, to identify new market and value chain opportunities using techniques that extend traditional methods used in economic development.