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Potential for opportunity recognition: differentiating entrepreneurs

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  • Kishinchand Poornima Wasdani
  • Mary Mathew

Abstract

The potential for opportunity recognition (ORP) is a skill that single out successful entrepreneurs from unsuccessful ones. The entrepreneurs with high ORP were differentiated from the entrepreneurs with low ORP on the factors that influence their ORP. It was also found that the factors influencing ORP differed with the degree of potential to recognising opportunities. The ORP of entrepreneurs with high potential to recognise opportunities was influenced by bonding social capital, power motivation and level of education attained. Whereas, the ORP of entrepreneurs with low potential to recognise opportunities was influenced by their cognitive style. The implications of this study on mentoring of entrepreneurs are discussed.

Suggested Citation

  • Kishinchand Poornima Wasdani & Mary Mathew, 2014. "Potential for opportunity recognition: differentiating entrepreneurs," International Journal of Entrepreneurship and Small Business, Inderscience Enterprises Ltd, vol. 23(3), pages 336-362.
    • Handle: RePEc:ids:ijesbu:v:23:y:2014:i:3:p:336-362
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    Citations

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    Cited by:

    1. Marjolein C. J. Caniëls & Anna Motylska-Kuźma, 2023. "Entrepreneurial intention and creative performance – the role of distress tolerance," International Entrepreneurship and Management Journal, Springer, vol. 19(3), pages 1131-1152, September.
    2. Tomasz Mickiewicz & Frederick Wedzerai Nyakudya & Nicholas Theodorakopoulos & Mark Hart, 2017. "Resource endowment and opportunity cost effects along the stages of entrepreneurship," Small Business Economics, Springer, vol. 48(4), pages 953-976, April.
    3. Hundera, Mulu, 2019. "Role conflict, coping strategies and female entrepreneurial success in sub-Saharan Africa," Other publications TiSEM 3e263b0c-3bf3-474a-8a20-b, Tilburg University, School of Economics and Management.
    4. Pooreum Ryu & Dohyeon Kim, 2020. "Moderating effect of gender on the opportunity recognition and entrepreneurial intention," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 8(1), pages 725-740, September.
    5. Ahmad Mohammad Saleh & Seyed Alireza Athari, 2023. "Examining the Impact of Entrepreneurial Orientation on New Venture Performance in the Emerging Economy of Lebanon: A Moderated Mediation Analysis," Sustainability, MDPI, vol. 15(15), pages 1-21, August.
    6. Muhammad Anwar & Thomas Clauss & Wunnam Basit Issah, 2022. "Entrepreneurial orientation and new venture performance in emerging markets: the mediating role of opportunity recognition," Review of Managerial Science, Springer, vol. 16(3), pages 769-796, April.
    7. Hafiz Rahman & Eri Besra & Nurhayati, 2020. "Explicating failure among nascent entrepreneurs in West Sumatra: The nexus of psycho-economic factors and opportunistic behavior," Journal of Entrepreneurship, Management and Innovation, Fundacja Upowszechniająca Wiedzę i Naukę "Cognitione", vol. 16(2), pages 37-66.
    8. Nadia Abdelhamid Abdelmegeed Abdelwahed, 2022. "Developing Entrepreneurial Sustainability among Saudi Arabia’s University Students," Sustainability, MDPI, vol. 14(19), pages 1-22, September.
    9. Tengku Mohd Azizuddin Tuan Mahmood & Abdullah Al Mamun & Ghazali Bin Ahmad & Mohamed Dahlan Ibrahim, 2019. "Predicting Entrepreneurial Intentions and Pre-Start-Up Behaviour among Asnaf Millennials," Sustainability, MDPI, vol. 11(18), pages 1-26, September.

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