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What is an Entrepreneurial Opportunity?

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Author Info
Jeffery S. McMullen ()
Lawrence A. Plummer ()
Zoltan J. Acs ()

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Abstract

What an entrepreneurial opportunity is and from whence it comes are important issues for understanding how markets function and come into being. In addition to describing the forum held on the topic and summarizing the contributions of the articles that appear in the special issue, this article shares a number of lessons learned during the conference and the editorial process. We explore three of the most important reasons for confusion about the opportunity construct: (1) the “objectivity†of opportunity, (2) the perceived importance of one particular individual in determining the direction of the social world and (3) what distinguishes the sub-class of “entrepreneurial†opportunity from the broader category of opportunity in general. Finally, we offer some directions for future research by illuminating important issues that emerged from the conference but remain largely unanswered by the papers of this special issue.

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Publisher Info
Paper provided by Max Planck Institute of Economics, Entrepreneurship, Growth and Public Policy Group in its series Papers on Entrepreneurship, Growth and Public Policy with number 2007-10.

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Length: 25 pages
Date of creation: Feb 2007
Date of revision:
Handle: RePEc:esi:egpdis:2007-10

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Related research
Keywords: entrepreneurial opportunity; creation; knowledge; discovery; strategy;

Other versions of this item:

Find related papers by JEL classification:
L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
M13 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration - - - New Firms; Startups
D5 - Microeconomics - - General Equilibrium and Disequilibrium

This paper has been announced in the following NEP Reports:

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Israel M. Kirzner, 1997. "Entrepreneurial Discovery and the Competitive Market Process: An Austrian Approach," Journal of Economic Literature, American Economic Association, vol. 35(1), pages 60-85, March. [Downloadable!] (restricted)
  2. Scheuren F., 2003. "Introduction," The American Statistician, American Statistical Association, vol. 57, pages 189-189, August. [Downloadable!] (restricted)
  3. Holcombe, Randall G, 2003. " The Origins of Entrepreneurial Opportunities," The Review of Austrian Economics, Springer, vol. 16(1), pages 25-43, March. [Downloadable!] (restricted)
  4. H. E. Frech III, 2003. "Introduction," International Journal of the Economics of Business, Taylor and Francis Journals, vol. 10(2), pages 133-133, July. [Downloadable!] (restricted)
  5. Scheuren F., 2003. "Introduction," The American Statistician, American Statistical Association, vol. 57, pages 253-253, November. [Downloadable!] (restricted)
  6. R. Kanbur & A.J. Venables, 2003. "Editors' Introduction:," Journal of African Economies, Oxford University Press, vol. 12(4), pages 473-475, December.
  7. North, Douglass C, 1991. "Institutions," Journal of Economic Perspectives, American Economic Association, vol. 5(1), pages 97-112, Winter. [Downloadable!] (restricted)
  8. J. Rajendran Pandian & Paul L. Robertson, 2003. "Introduction," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 24(4), pages 241-243. [Downloadable!]
  9. Jeffery S. McMullen & Dean A. Shepherd, 2006. "Encouraging Consensus-Challenging Research in Universities," Journal of Management Studies, Blackwell Publishing, vol. 43(8), pages 1643-1669, December. [Downloadable!] (restricted)
  10. Simon, Herbert A, 1986. "Rationality in Psychology and Economics," Journal of Business, University of Chicago Press, vol. 59(4), pages S209-24, October. [Downloadable!] (restricted)
  11. J. David Baldwin & Ronald L. Oaxaca, 2003. "Editors' Introduction," American Economic Review, American Economic Association, vol. 93(2), pages 7-7, May. [Downloadable!]
Full references

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Philipp Koellinger, 2008. "Why are some entrepreneurs more innovative than others?," Small Business Economics, Springer, vol. 31(1), pages 21-37, June. [Downloadable!] (restricted)
    Other versions:
  2. Jeroen de Jong & Sander Wennekers, 2008. "Intrapreneurship; Conceptualizing entrepreneurial employee behaviour," Scales Research Reports H200802, EIM Business and Policy Research. [Downloadable!]
  3. Naude, Wim, 2008. "Entrepreneurship in Economic Development," Working Papers RP2008/20, World Institute for Development Economic Research (UNU-WIDER). [Downloadable!]
  4. Gries, Thomas & Naude, Wim, 2008. "Entrepreneurship and Structural Economic Transformation," Working Papers RP2008/62, World Institute for Development Economic Research (UNU-WIDER). [Downloadable!]
  5. Gary Akehurst & José Comeche & Miguel-Angel Galindo, 2009. "Job satisfaction and commitment in the entrepreneurial SME," Small Business Economics, Springer, vol. 32(3), pages 277-289, March. [Downloadable!] (restricted)
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