IDEAS home Printed from https://ideas.repec.org/a/eee/tefoso/v175y2022ics0040162521008179.html
   My bibliography  Save this article

A framework for the opportunity recognition process in UK entrepreneurial universities

Author

Listed:
  • Aldawod, Alvin

Abstract

This study aims to develop an empirical framework for the opportunity recognition process in UK entrepreneurial universities. Initially, a conceptual framework was developed resulting from reviewing the literature relating to the factors that determine the opportunity recognition process as well as the factors that differentiate entrepreneurial universities. The framework was also affected by the principles of Resource-Based Theory (RBT), which underpins the present study. A multiple case study approach was adopted to validate the above-mentioned framework. Data was collected by using three main methods: website content, documented secondary data, and twenty-five semi-structured in-depth interviews with enterprise/entrepreneurship centres directors and academic deans (each lasted between 41 and 109 min). Two techniques were used to analyse the data: Template Analysis (TA) and Framework Analysis. The findings show that in addition to the identification of the factors that determine the opportunity recognition process, it is vital to consider the context when recognizing entrepreneurial opportunities, and it is important to find an optimal mixture of resources/capabilities to guarantee effectiveness in the process of entrepreneurial opportunity recognition.

Suggested Citation

  • Aldawod, Alvin, 2022. "A framework for the opportunity recognition process in UK entrepreneurial universities," Technological Forecasting and Social Change, Elsevier, vol. 175(C).
    • Handle: RePEc:eee:tefoso:v:175:y:2022:i:c:s0040162521008179
    DOI: 10.1016/j.techfore.2021.121386
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0040162521008179
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.techfore.2021.121386?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Ardichvili, Alexander & Cardozo, Richard & Ray, Sourav, 2003. "A theory of entrepreneurial opportunity identification and development," Journal of Business Venturing, Elsevier, vol. 18(1), pages 105-123, January.
    2. Keith D. Brouthers & George Nakos & Pavlos Dimitratos, 2015. "SME Entrepreneurial Orientation, International Performance, and the Moderating Role of Strategic Alliances," Entrepreneurship Theory and Practice, , vol. 39(5), pages 1161-1187, September.
    3. Chang, Yuan-Chieh & Yang, Phil Yihsing & Martin, Ben R. & Chi, Hui-Ru & Tsai-Lin, Tung-Fei, 2016. "Entrepreneurial universities and research ambidexterity: A multilevel analysis," Technovation, Elsevier, vol. 54(C), pages 7-21.
    4. Prajakta Khare & Kanchan Joshi, 2018. "Systems Approach to Map Determinants of a Social Enterprise's Impact: A Case from India," Journal of Social Entrepreneurship, Taylor & Francis Journals, vol. 9(1), pages 31-51, January.
    5. Hulbert, Bev & Gilmore, Audrey & Carson, David, 2013. "Sources of opportunities used by growth minded owner managers of small and medium sized enterprises," International Business Review, Elsevier, vol. 22(1), pages 293-303.
    6. Connie Marie Gaglio, 2004. "The Role of Mental Simulations and Counterfactual Thinking in the Opportunity Identification Process," Entrepreneurship Theory and Practice, , vol. 28(6), pages 533-552, November.
    7. Guido Buenstorf, 2007. "Creation and Pursuit of Entrepreneurial Opportunities: An Evolutionary Economics Perspective," Small Business Economics, Springer, vol. 28(4), pages 323-337, April.
    8. María José Bezanilla & Ana García-Olalla & Jessica Paños-Castro & Arantza Arruti, 2020. "Developing the Entrepreneurial University: Factors of Influence," Sustainability, MDPI, vol. 12(3), pages 1-19, January.
    9. Guerrero, Maribel & Cunningham, James A. & Urbano, David, 2015. "Economic impact of entrepreneurial universities’ activities: An exploratory study of the United Kingdom," Research Policy, Elsevier, vol. 44(3), pages 748-764.
    10. Klofsten, Magnus & Fayolle, Alain & Guerrero, Maribel & Mian, Sarfraz & Urbano, David & Wright, Mike, 2019. "The entrepreneurial university as driver for economic growth and social change - Key strategic challenges," Technological Forecasting and Social Change, Elsevier, vol. 141(C), pages 149-158.
    11. Maribel Guerrero & David Urbano, 2012. "The development of an entrepreneurial university," The Journal of Technology Transfer, Springer, vol. 37(1), pages 43-74, February.
    12. Ozgen, Eren & Baron, Robert A., 2007. "Social sources of information in opportunity recognition: Effects of mentors, industry networks, and professional forums," Journal of Business Venturing, Elsevier, vol. 22(2), pages 174-192, March.
    13. Gaglio, Connie Marie & Katz, Jerome A, 2001. "The Psychological Basis of Opportunity Identification: Entrepreneurial Alertness," Small Business Economics, Springer, vol. 16(2), pages 95-111, March.
    14. Scott Shane, 2000. "Prior Knowledge and the Discovery of Entrepreneurial Opportunities," Organization Science, INFORMS, vol. 11(4), pages 448-469, August.
    15. G.T. Lumpkin & Benyamin Bergmann Lichtenstein, 2005. "The Role of Organizational Learning in the Opportunity–Recognition Process," Entrepreneurship Theory and Practice, , vol. 29(4), pages 451-472, July.
    16. Alexander Ardichvili & Richard N. Cardozo, 2000. "A Model Of The Entrepreneurial Opportunity Recognition Process," Journal of Enterprising Culture (JEC), World Scientific Publishing Co. Pte. Ltd., vol. 8(02), pages 103-119.
    17. Akbar Zaheer & Srilata Zaheer, 1997. "Catching the Wave: Alertness, Responsiveness, and Market Influence in Global Electronic Networks," Management Science, INFORMS, vol. 43(11), pages 1493-1509, November.
    18. Elvira Cerver Romero & João J. M. Ferreira & Cristina I. Fernandes, 2021. "The multiple faces of the entrepreneurial university: a review of the prevailing theoretical approaches," The Journal of Technology Transfer, Springer, vol. 46(4), pages 1173-1195, August.
    19. Dirk Czarnitzki & Christoph Grimpe & Maikel Pellens, 2015. "Access to research inputs: open science versus the entrepreneurial university," The Journal of Technology Transfer, Springer, vol. 40(6), pages 1050-1063, December.
    20. Nerine Mary George & Vinit Parida & Tom Lahti & Joakim Wincent, 2016. "A systematic literature review of entrepreneurial opportunity recognition: insights on influencing factors," International Entrepreneurship and Management Journal, Springer, vol. 12(2), pages 309-350, June.
    21. Vohora, Ajay & Wright, Mike & Lockett, Andy, 2004. "Critical junctures in the development of university high-tech spinout companies," Research Policy, Elsevier, vol. 33(1), pages 147-175, January.
    22. Gautam Ray & Jay B. Barney & Waleed A. Muhanna, 2004. "Capabilities, business processes, and competitive advantage: choosing the dependent variable in empirical tests of the resource‐based view," Strategic Management Journal, Wiley Blackwell, vol. 25(1), pages 23-37, January.
    23. Jason Arentz & Frederic Sautet & Virgil Storr, 2013. "Prior-knowledge and opportunity identification," Small Business Economics, Springer, vol. 41(2), pages 461-478, August.
    24. Shane, Scott & Nicolaou, Nicos, 2015. "Creative personality, opportunity recognition and the tendency to start businesses: A study of their genetic predispositions," Journal of Business Venturing, Elsevier, vol. 30(3), pages 407-419.
    25. Jeroen de Jong & Orietta Marsili, 2015. "The distribution of Schumpeterian and Kirznerian opportunities," Small Business Economics, Springer, vol. 44(1), pages 19-35, January.
    26. Pia Arenius & Dirk Clercq, 2005. "A Network-based Approach on Opportunity Recognition," Small Business Economics, Springer, vol. 24(3), pages 249-265, February.
    27. Chunyan Zhou & Xu-Mei Peng, 2008. "The entrepreneurial university in China: nonlinear paths," Science and Public Policy, Oxford University Press, vol. 35(9), pages 637-646, November.
    28. Davidsson, Per & Honig, Benson, 2003. "The role of social and human capital among nascent entrepreneurs," Journal of Business Venturing, Elsevier, vol. 18(3), pages 301-331, May.
    29. Charmaine Glavas & Shane Mathews & Constanza Bianchi, 2017. "International opportunity recognition as a critical component for leveraging Internet capabilities and international market performance [Reconocimiento de oportunidad internacional como un componen," Journal of International Entrepreneurship, Springer, vol. 15(1), pages 1-35, March.
    30. Martin Obschonka & Kai Hakkarainen & Kirsti Lonka & Katariina Salmela-Aro, 2017. "Entrepreneurship as a twenty-first century skill: entrepreneurial alertness and intention in the transition to adulthood," Small Business Economics, Springer, vol. 48(3), pages 487-501, March.
    31. Denis A. Grégoire & Pamela S. Barr & Dean A. Shepherd, 2010. "Cognitive Processes of Opportunity Recognition: The Role of Structural Alignment," Organization Science, INFORMS, vol. 21(2), pages 413-431, April.
    32. Scott L. Newbert, 2007. "Empirical research on the resource‐based view of the firm: an assessment and suggestions for future research," Strategic Management Journal, Wiley Blackwell, vol. 28(2), pages 121-146, February.
    33. Sánchez-Barrioluengo, Mabel & Benneworth, Paul, 2019. "Is the entrepreneurial university also regionally engaged? Analysing the influence of university's structural configuration on third mission performance," Technological Forecasting and Social Change, Elsevier, vol. 141(C), pages 206-218.
    34. Chihmao Hsieh & Jack A. Nickerson & Todd R. Zenger, 2007. "Opportunity Discovery, Problem Solving and a Theory of the Entrepreneurial Firm," Journal of Management Studies, Wiley Blackwell, vol. 44(7), pages 1255-1277, November.
    35. Sophie Veilleux & Nancy Haskell & Donald Béliveau, 2018. "Opportunity recognition by international high-technology start-up and growth photonics firms," International Journal of Entrepreneurship and Innovation Management, Inderscience Enterprises Ltd, vol. 22(1/2), pages 126-151.
    36. Rómulo Pinheiro & Bjørn Stensaker, 2014. "Designing the Entrepreneurial University: The Interpretation of a Global Idea," Public Organization Review, Springer, vol. 14(4), pages 497-516, December.
    37. Holger Patzelt & Dean A. Shepherd, 2011. "Recognizing Opportunities for Sustainable Development," Entrepreneurship Theory and Practice, , vol. 35(4), pages 631-652, July.
    38. Bhagavatula, Suresh & Elfring, Tom & van Tilburg, Aad & van de Bunt, Gerhard G., 2010. "How social and human capital influence opportunity recognition and resource mobilization in India's handloom industry," Journal of Business Venturing, Elsevier, vol. 25(3), pages 245-260, May.
    39. Constance E. Helfat & Margaret A. Peteraf, 2003. "The dynamic resource‐based view: capability lifecycles," Strategic Management Journal, Wiley Blackwell, vol. 24(10), pages 997-1010, October.
    40. Nicolaou, Nicos & Shane, Scott & Cherkas, Lynn & Spector, Tim D., 2009. "Opportunity recognition and the tendency to be an entrepreneur: A bivariate genetics perspective," Organizational Behavior and Human Decision Processes, Elsevier, vol. 110(2), pages 108-117, November.
    41. Etzkowitz, Henry, 2017. "Innovation Lodestar: The entrepreneurial university in a stellar knowledge firmament," Technological Forecasting and Social Change, Elsevier, vol. 123(C), pages 122-129.
    42. Dean A. Shepherd & Dawn R. DeTienne, 2005. "Prior Knowledge, Potential Financial Reward, and Opportunity Identification," Entrepreneurship Theory and Practice, , vol. 29(1), pages 91-112, January.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Kraus, Sascha & Kumar, Satish & Lim, Weng Marc & Kaur, Jaspreet & Sharma, Anuj & Schiavone, Francesco, 2023. "From moon landing to metaverse: Tracing the evolution of Technological Forecasting and Social Change," Technological Forecasting and Social Change, Elsevier, vol. 189(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Nerine Mary George & Vinit Parida & Tom Lahti & Joakim Wincent, 2016. "A systematic literature review of entrepreneurial opportunity recognition: insights on influencing factors," International Entrepreneurship and Management Journal, Springer, vol. 12(2), pages 309-350, June.
    2. Shu, Rui & Ren, Shenggang & Zheng, Yi, 2018. "Building networks into discovery: The link between entrepreneur network capability and entrepreneurial opportunity discovery," Journal of Business Research, Elsevier, vol. 85(C), pages 197-208.
    3. Centobelli, Piera & Cerchione, Roberto & Esposito, Emilio & Shashi,, 2019. "Exploration and exploitation in the development of more entrepreneurial universities: A twisting learning path model of ambidexterity," Technological Forecasting and Social Change, Elsevier, vol. 141(C), pages 172-194.
    4. Vandor, Peter & Franke, Nikolaus, 2016. "See Paris and… found a business? The impact of cross-cultural experience on opportunity recognition capabilities," Journal of Business Venturing, Elsevier, vol. 31(4), pages 388-407.
    5. Wu Zhao & Jizhen Li & Xiaohua Li & Thomas Schøtt, 2020. "Implications of Network Diversity for Venture Growth: The Mediation Effect of Entrepreneurial Alertness," Sustainability, MDPI, vol. 12(22), pages 1-15, November.
    6. Tumasjan, Andranik & Braun, Reiner, 2012. "In the eye of the beholder: How regulatory focus and self-efficacy interact in influencing opportunity recognition," Journal of Business Venturing, Elsevier, vol. 27(6), pages 622-636.
    7. Elco van Burg & A. Georges L. Romme, 2014. "Creating the Future Together: Toward a Framework for Research Synthesis in Entrepreneurship," Entrepreneurship Theory and Practice, , vol. 38(2), pages 369-397, March.
    8. Étienne St-Jean & Maripier Tremblay & Frank Janssen & Jacques Baronet & Christophe Loué & Aziz Nafa, 2017. "May business mentors act as opportunity brokers and enablers among university students?," International Entrepreneurship and Management Journal, Springer, vol. 13(1), pages 97-111, March.
    9. Dorian Boumedjaoud & Karim Messeghem, 2020. "Vigilance entrepreneuriale du repreneur externe et mentorat : rôle de l'accompagnement en amont," Post-Print hal-02569210, HAL.
    10. Matthew R. Marvel & G. T. Lumpkin, 2017. "Domain Learning and Opportunity Development in a High-Tech Context," Journal of Enterprising Culture (JEC), World Scientific Publishing Co. Pte. Ltd., vol. 25(01), pages 67-96, March.
    11. Frederiks, Arjan J. & Englis, Basil G. & Ehrenhard, Michel L. & Groen, Aard J., 2019. "Entrepreneurial cognition and the quality of new venture ideas: An experimental approach to comparing future-oriented cognitive processes," Journal of Business Venturing, Elsevier, vol. 34(2), pages 327-347.
    12. Malavika Sundararajan & Binod Sundararajan, 2015. "Immigrant Capital and Entrepreneurial Opportunities," Entrepreneurial Business and Economics Review, Centre for Strategic and International Entrepreneurship at the Cracow University of Economics., vol. 3(3), pages 29-50.
    13. Asante, Eric Adom & Affum-Osei, Emmanuel, 2019. "Entrepreneurship as a career choice: The impact of locus of control on aspiring entrepreneurs' opportunity recognition," Journal of Business Research, Elsevier, vol. 98(C), pages 227-235.
    14. repec:dau:papers:123456789/8470 is not listed on IDEAS
    15. Dorian Boumedjaoud & Karim Messeghem, 2019. "L'influence de la créativité sur la vigilance entrepreneuriale des repreneurs de PME," Post-Print hal-02570575, HAL.
    16. Pindado, Emilio & Sánchez, Mercedes & Verstegen, Jos A.A.M. & Lans, Thomas, 2018. "Searching for the entrepreneurs among new entrants in European Agriculture: the role of human and social capital," Land Use Policy, Elsevier, vol. 77(C), pages 19-30.
    17. Franczak, Jennifer & Lanivich, Stephen E. & Adomako, Samuel, 2023. "Filling institutional voids: Combinative effects of institutional shortcomings and gender on the alertness – Opportunity recognition relationship," Journal of Business Research, Elsevier, vol. 155(PB).
    18. Aydemir, Nisa Yazici & Huang, Wan-Ling & Welch, Eric W., 2022. "Late-stage academic entrepreneurship: Explaining why academic scientists collaborate with industry to commercialize their patents," Technological Forecasting and Social Change, Elsevier, vol. 176(C).
    19. Mohammad Reza Meigounpoory & Pedram Yazdani & Parvin Mirmiran & Mostafa Maleki Someah Lu, 2011. "Study on the impact of dietitians occupational status on their recognition of ntrepreneurial opportunities in the field of nutrition counseling for diabetic patients," Far East Journal of Psychology and Business, Far East Research Centre, vol. 4(2), pages 15-23, September.
    20. Alexander Tabares & Yanto Chandra & Claudia Alvarez & Manuela Escobar-Sierra, 2021. "Opportunity-related behaviors in international entrepreneurship research: a multilevel analysis of antecedents, processes, and outcomes," International Entrepreneurship and Management Journal, Springer, vol. 17(1), pages 321-368, March.
    21. Berna Beyhan & Derya Findik, 2018. "Student and graduate entrepreneurship: ambidextrous universities create more nascent entrepreneurs," The Journal of Technology Transfer, Springer, vol. 43(5), pages 1346-1374, October.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:tefoso:v:175:y:2022:i:c:s0040162521008179. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.sciencedirect.com/science/journal/00401625 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.