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In Search Of Entrepreneurial Opportunities — An Integrated Model

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  • HERNAN E. RIQUELME

    (Kuwait Maastricht School, Kuwait)

Abstract

The aim of this research study is to test an integrative model of entrepreneurial opportunity recognition based on theories of cognition, social capital, environmental development and personality.240 entrepreneurs in the services industry participated in this survey. Multiple regression analysis was used to test the model and find the factors that predict entrepreneurial opportunity recognition. Overall, eight hypotheses were tested and six were supported. Schema was found to be the strongest significant variable amongst all.The study results indicate that entrepreneurs who discover opportunities organize prior knowledge and information related to their field in a manner that is easily accessible, have confidence in themselves, use social networks (both weak and strong ties) and see opportunities in changes in the economic environment.The study implies that potential entrepreneurs should be supported in terms of their social networks and instructed in the beliefs about the information and changes in the environment needed to spot opportunities. Governments play a role in providing a munificent economic environment.

Suggested Citation

  • Hernan E. Riquelme, 2013. "In Search Of Entrepreneurial Opportunities — An Integrated Model," Journal of Enterprising Culture (JEC), World Scientific Publishing Co. Pte. Ltd., vol. 21(03), pages 249-274.
    • Handle: RePEc:wsi:jecxxx:v:21:y:2013:i:03:n:s0218495813500118
    DOI: 10.1142/S0218495813500118
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    1. Petrie, Ragan, 2008. "J. Henrich, R. Boyd, S. Bowles, C. Camerer, E. Fehr and H. Gintis, Foundations of Human Sociality: Economic Experiments and Ethnographic Evidence from Fifteen Small-Scale Societies , Oxford University," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 37(2), pages 889-891, April.
    2. Acs,Zoltan J. & Carlsson,Bo & Karlsson,Charlie (ed.), 1999. "Entrepreneurship, Small and Medium-Sized Enterprises and the Macroeconomy," Cambridge Books, Cambridge University Press, number 9780521621052.
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    1. Raushan Gross, 2018. "Connecting the Links Between Leadership Styles and Virtual Team Effectiveness," Journal of Enterprising Culture (JEC), World Scientific Publishing Co. Pte. Ltd., vol. 26(02), pages 185-205, June.
    2. Nyström, Anna-Greta & Gugenishvili, Ilia, 2019. "Business opportunities in 5G mobile technology," 30th European Regional ITS Conference, Helsinki 2019 205202, International Telecommunications Society (ITS).

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