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The Individual-Institutional-Opportunity Nexus: An Integrated Framework for Analyzing Entrepreneurship Development

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  • Fortunato Michael W-P

    (The Pennsylvania State University)

  • Alter Theodore R

    (The Pennsylvania State University)

Abstract

Recent advancements in the theory of entrepreneurship include a range of discussions about the dynamic interactions of entrepreneurs and the nature and perception of entrepreneurial opportunity. To substantively capture both of these theoretical strains, we revisit and extend a conceptual framework first proposed by Busenitz et al. (2003), stating that the unique domain of entrepreneurship research rests at the nexus of individuals, modes of organizing, and opportunity. Utilizing institutions as modes of organizing, this article discusses ways that this framework can be applied to research on entrepreneurship development that leads to a rich, robust understanding of the processes by which entrepreneurs and related institutions interact to identify, exploit, and/or create opportunity. A series of testable hypotheses are proposed as well as several potential avenues for entrepreneurship development research using this framework.

Suggested Citation

  • Fortunato Michael W-P & Alter Theodore R, 2011. "The Individual-Institutional-Opportunity Nexus: An Integrated Framework for Analyzing Entrepreneurship Development," Entrepreneurship Research Journal, De Gruyter, vol. 1(1), pages 1-36, January.
    • Handle: RePEc:bpj:erjour:v:1:y:2011:i:1:n:6
    DOI: 10.2202/2157-5665.1002
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    References listed on IDEAS

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    Cited by:

    1. Zachary Ramona K. & Mishra Chandra S, 2011. "The Future of Entrepreneurship Research: Calling All Researchers," Entrepreneurship Research Journal, De Gruyter, vol. 1(1), pages 1-15, January.
    2. Lyons Thomas S. & Alter Theodore R. & Audretsch David & Augustine Darline, 2012. "Entrepreneurship and Community: The Next Frontier of Entrepreneurship Inquiry," Entrepreneurship Research Journal, De Gruyter, vol. 2(1), pages 1-26, January.
    3. Seyb, Stella K. & Shepherd, Dean A. & Williams, Trenton A., 2019. "Exoskeletons, entrepreneurs, and communities: A model of co-constructing a potential opportunity," Journal of Business Venturing, Elsevier, vol. 34(6).
    4. László Szerb & William Trumbull, 2015. "Entrepreneurship and transition in the European transition countries," ERSA conference papers ersa15p669, European Regional Science Association.
    5. Jennifer Johnson Jorgensen & Diane Masuo & Linda Manikowske & Yoon Lee, 2020. "The Reciprocal Involvement of Family Business Owners and Communities in Business Success," Sustainability, MDPI, vol. 12(10), pages 1-14, May.

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