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Entrepreneurship and Innovation: The Antecedents of Opportunity

Author

Listed:
  • Tina PHIRI

    (Wits Business School, University of the Witwatersrand (WITS), South Africa)

  • Brian BARNARD

    (Wits Business School, University of the Witwatersrand, South Africa)

Abstract

The study examines the antecedents of opportunity in greater detail. A literature review highlights 9 antecedents of opportunity, and it was further investigated how these factors impact opportunity recognition. Some of the leading antecedents of opportunity were: solving problems, goals and aspirations, artistic creativity, adoption and networking. None of the antecedents by themselves are sufficient for innovation, as each has a caveat that may also hinder innovation. Also, it is evident that a number of the antecedents may offer unique solutions and benefits, including the acceleration of the identification of ideas and opportunities. In certain contexts, one antecedent may be more applicable or beneficial than another. Each antecedent potentially offers and allows expert areas of innovation, with innovators becoming very experienced in a particular antecedent as an area of innovation. Consequently, the innovator may continually gravitate towards a certain antecedent. A number of themes common to the antecedents suggest that there may be a number of principal factors underlying the antecedents studied. Underlying all the antecedents may be the need to cross boundaries of the acceptable, or rather boundaries of the possible. Innovation may equally be defined as crossing the boundaries of what is possible, whilst still yielding outcomes that are desirable. The primary factors expected to underlie the antecedents are: 1) perspective, 2) knowledge, and 3) first person experience (sensing, interpreting). There may be a link between the expertise of the innovator, and antecedent use. Antecedents considered by innovators may shape and define the type and nature of innovation taking place in a sovereign.

Suggested Citation

  • Tina PHIRI & Brian BARNARD, 2018. "Entrepreneurship and Innovation: The Antecedents of Opportunity," Expert Journal of Business and Management, Sprint Investify, vol. 6(1), pages 61-81.
    • Handle: RePEc:exp:bsness:v:6:y:2018:i:1:p:61-81
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    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. Ward, Thomas B., 2004. "Cognition, creativity, and entrepreneurship," Journal of Business Venturing, Elsevier, vol. 19(2), pages 173-188, March.
    3. Andrew B. Hargadon & Beth A. Bechky, 2006. "When Collections of Creatives Become Creative Collectives: A Field Study of Problem Solving at Work," Organization Science, INFORMS, vol. 17(4), pages 484-500, August.
    4. Kerr, Cheryl & Lloyd, Cathryn, 2008. "Pedagogical learnings for management education: Developing creativity and innovation," Journal of Management & Organization, Cambridge University Press, vol. 14(5), pages 486-503, November.
    5. Ian Fillis & Ruth Rentschler, 2010. "The Role Of Creativity In Entrepreneurship," Journal of Enterprising Culture (JEC), World Scientific Publishing Co. Pte. Ltd., vol. 18(01), pages 49-81.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    JEL classification:

    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship

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