Using Kirznerian perspective of entrepreneurial opportunities to predict emergence of new ventures: a preliminary literature review

This preliminary theoretical paper seeks to set the stage for an empirical study to identify the critical determinants of new venture creation in Uganda using Kirznerian perspective of entrepreneurial opportunities framework. The lack of a developed theory in extant literature that provides comprehensive explanation of how new ventures emerge in the context of a developing country like Uganda justifies the reliance of Kirznerian analytical framework. The phenomenon of new venture emergence is important to the Ugandan economy as it provides young people with jobs necessary to avert the prevailing challenge of unemployment. A need for achievement plays a mediating role.