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Defragmenting Definitions of Entrepreneurial Opportunity

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  • David J. Hansen
  • Rodney Shrader
  • Javier Monllor

Abstract

We examined 19 years worth of definitions of entrepreneurial opportunity and opportunity‐related processes. We found 56 articles in six entrepreneurship‐focused publications, with a total of 49 conceptual definitions and 32 operational definitions. Among those definitions, we identified 25 distinct conceptual and 12 operational elements of opportunity plus 48 conceptual and 39 operational elements of opportunity‐related processes. We found considerable fragmentation across conceptual and operational elements. However, based on commonalities among conceptual definitions, we developed six composite conceptual definitions of opportunity and eight composite conceptual definitions of opportunity‐related processes, which we hope will help reduce the fragmentation of the entrepreneurial opportunity literature.

Suggested Citation

  • David J. Hansen & Rodney Shrader & Javier Monllor, 2011. "Defragmenting Definitions of Entrepreneurial Opportunity," Journal of Small Business Management, Taylor & Francis Journals, vol. 49(2), pages 283-304, April.
    • Handle: RePEc:taf:ujbmxx:v:49:y:2011:i:2:p:283-304
    DOI: 10.1111/j.1540-627X.2011.00325.x
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    Cited by:

    1. Alicia Martín-Navarro & Félix Velicia-Martín & José Aurelio Medina-Garrido & Ricardo Gouveia Rodrigues, 2023. "Causal propensity as an antecedent of entrepreneurial intentions," International Entrepreneurship and Management Journal, Springer, vol. 19(2), pages 501-522, June.
    2. Davidsson, Per, 2022. "McBride and Wuebker's Socially Objective Opportunities: Do they move the field forward?," Journal of Business Venturing Insights, Elsevier, vol. 18(C).
    3. Per Davidsson, 2023. "Ditching Discovery-Creation for Unified Venture Creation Research," Entrepreneurship Theory and Practice, , vol. 47(2), pages 594-612, March.
    4. Per Davidsson, 2023. "Making contributions: personal reflections from the co-creative evolution of entrepreneurship research," Small Business Economics, Springer, vol. 61(4), pages 1391-1410, December.
    5. Hilka Pelizza Vier Machado & Jörg Freiling, 2023. "Expatriation-enhanced competencies: A multiple case study of technology-based entrepreneurs," Journal of Entrepreneurship, Management and Innovation, Fundacja Upowszechniająca Wiedzę i Naukę "Cognitione", vol. 19(3), pages 7-46.
    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. Lupp, Daniel, 2023. "Effectuation, causation, and machine learning in co-creating entrepreneurial opportunities," Journal of Business Venturing Insights, Elsevier, vol. 19(C).

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