IDEAS home Printed from https://ideas.repec.org/a/exp/bsness/v6y2018i1p61-81.html
   My bibliography  Save this article

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
    as

    Download full text from publisher

    File URL: http://business.expertjournals.com/ark:/16759/EJBM_607barnard61-81.pdf
    Download Restriction: no
    File URL: http://business.expertjournals.com/23446781-607
    Download Restriction: no
    ---><---

    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)

    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. Marco Caliendo & Daniel Rodríguez, 2024. "Divergent thinking and post-launch entrepreneurial outcomes: non-linearities and the moderating role of experience," Small Business Economics, Springer, vol. 62(4), pages 1523-1553, April.
    2. Marcus T. Wolfe & Pankaj C. Patel & Will Drover, 2020. "The Influence of Hypomania Symptoms on Income in Self-Employment," Entrepreneurship Theory and Practice, , vol. 44(3), pages 422-450, May.
    3. Lisa K. Gundry & Laurel F. Ofstein & Javier Monllor, 2016. "Entrepreneurial Team Creativity: Driving Innovation from Ideation to Implementation," Journal of Enterprising Culture (JEC), World Scientific Publishing Co. Pte. Ltd., vol. 24(01), pages 55-77, March.
    4. Anis Khedhaouria & Călin Gurău & Olivier Torrès, 2015. "Creativity, self-efficacy, and small-firm performance: the mediating role of entrepreneurial orientation," Small Business Economics, Springer, vol. 44(3), pages 485-504, March.
    5. 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.
    6. Ratan J. S. Dheer & Aycan Kara, 2024. "Immigrants’ entrepreneurial intentions: acculturation-based socio-psychological lens," International Entrepreneurship and Management Journal, Springer, vol. 20(4), pages 2979-2999, December.
    7. Brian BARNARD & Derrick HERBST, 2019. "Entrepreneurship, Innovation and Creativity: The Creative Process of Entrepreneurs and Innovators," Expert Journal of Business and Management, Sprint Investify, vol. 7(1), pages 107-146.
    8. Quan-Hoang Vuong, 2016. "Impacts of geographical locations and sociocultural traits on the Vietnamese entrepreneurship," Working Papers CEB 16-012, ULB -- Universite Libre de Bruxelles.
    9. Quan-Hoang Vuong & Nancy K. Napier & Thu Hang Do & Thu Trang Vuong, 2015. "Creativity and entrepreneurial efforts in an emerging economy," Working Papers CEB 15-052, ULB -- Universite Libre de Bruxelles.
    10. 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.
    11. Corbett, Andrew C., 2007. "Learning asymmetries and the discovery of entrepreneurial opportunities," Journal of Business Venturing, Elsevier, vol. 22(1), pages 97-118, January.
    12. Antoni Olive-Tomas & Susan S. Harmeling, 2020. "The rise of art movements: an effectual process model of Picasso’s and Braque’s give-and-take during the creation of Cubism (1908–1914)," Small Business Economics, Springer, vol. 54(3), pages 819-842, March.
    13. Aeron, Prageet & Jain, Rekha, 2011. "Opportunity Recognition in High Tech and Regulatory Environment: A study of product based Indian Telecom start-ups," IIMA Working Papers WP2011-02-09, Indian Institute of Management Ahmedabad, Research and Publication Department.
    14. Marvel, Matthew R. & Wolfe, Marcus T. & Kuratko, Donald F., 2020. "Escaping the knowledge corridor: How founder human capital and founder coachability impacts product innovation in new ventures," Journal of Business Venturing, Elsevier, vol. 35(6).
    15. Jiang, Yi Dragon & Straub, Caroline & Klyver, Kim & Mauer, René, 2021. "Unfolding refugee entrepreneurs' opportunity-production process — Patterns and embeddedness," Journal of Business Venturing, Elsevier, vol. 36(5).
    16. Andrew C. Corbett, 2005. "Experiential Learning within the Process of Opportunity Identification and Exploitation," Entrepreneurship Theory and Practice, , vol. 29(4), pages 473-491, July.
    17. Anna-Maija Nisula & Heidi Olander & Kaisa Henttonen, 2017. "Entrepreneurial Motivations As Drivers Of Expert Creativity," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 21(05), pages 1-19, June.
    18. Peter Vogel, 2017. "From Venture Idea to Venture Opportunity," Entrepreneurship Theory and Practice, , vol. 41(6), pages 943-971, November.
    19. Daniel A. Lerner & Richard A. Hunt & Ingrid Verheul, 2017. "Dueling Banjos: Harmony and Discord between ADHD and Entrepreneurship," Working Papers 2017-07, Colorado School of Mines, Division of Economics and Business.
    20. Prandelli, Emanuela & Pasquini, Martina & Verona, Gianmario, 2016. "In user's shoes: An experimental design on the role of perspective taking in discovering entrepreneurial opportunities," Journal of Business Venturing, Elsevier, vol. 31(3), pages 287-301.

    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

    Statistics

    Access and download statistics

    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:exp:bsness:v:6:y:2018:i:1:p:61-81. 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: Alin Opreana (email available below). General contact details of provider: https://business.expertjournals.com/ .

    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.