Entrepreneurial Opportunity as the Potential to Create Value

Entrepreneurial opportunity as the potential to create value

Unpacking the concept of entrepreneurial-opportunity to include three categories of essential ingredients, provides a fruitful framework for applying Israel Kirzner’s approach to entrepreneurship—bridging the entrepreneur as someone alert to opportunities to create value, to real world situations requiring the entrepreneur’s evaluation of resource-inputs and prospective outputs, and his percept...

Distinguishing entrepreneurial approaches to opportunity perception

Purpose – Whether opportunities are discovered or created by entrepreneurs is a foundational question in entrepreneurship research. The purpose of this paper is to examine women entrepreneurs in high-growth new ventures and explore the cognitive resources that distinguish between three approaches to opportunity perception: opportunity discovery; opportunity creation; and a combined discover-cre...

THE OPPORTUNITy-BASED APPROAcH TO ENTREPRENEURIAl DIScOVERy RESEARcH

It is almost a truism in entrepreneurship research that the entrepreneurial process begins most basically with the discovery of opportunities (Shane & Venkataraman, 2000). Entrepreneurship scholars have also noted that opportunities have distinctive conceptual properties (Venkataraman, 1997). Even so, it has gone almost unnoticed that the basic and distinctive nature of opportunities calls for ...

the methods of motivating managers to create value

the purpose of this article is to discuss the merits of different methods of motivating managers so that they feel like the owners of the firms and work harder to creat value. among the many methods discussed, the eva and mva methods are the best ways of making managers a partner in the process of creating value.

Customers as Innovators: A New Way to Create Value