IDEAS home Printed from https://ideas.repec.org/a/krk/eberjl/v5y2017i3p9-29.html
   My bibliography  Save this article

Analysing the Role of Framework Conditions Influencing International Entrepreneurial Opportunity Identification Process

Author

Listed:
  • Yonni Angel Cuero Acosta

    (Leipzig University, Germany)

  • Richard Adu-Gyamfi

    (Leipzig University, Germany)

  • Md. Noor Un Nabi

    (Khulna University, Bangladesh)

  • Utz Dornberger

    (Leipzig University, Germany)

Abstract

Objective:The objective of this paper is to determine and analyse the framework conditions that influence the entrepreneurial opportunity identification and action in the international market context. Research Design & Methods: Scholars from the International Business and International Entrepreneurship (IE) research fields agree that the process of internationalisation is triggered by opportunity identification. The extant literature is reviewed by assessing the framework conditions that domestic and international markets offer for entrepreneurial actions. An analytical juxtaposition of the influential factors is conducted in the light of various stages of the opportunity identification process by examining − at each stage − possible effects of domestic and international market context.Findings:This paper brings into the IE discussion a conceptual matrix of various elements and factors − external conditions – which influence the creation of nexus by entrepreneurs to the markets. Implications & Recommendations:The conceptual matrix offers new insights for theoretical development and arguments for designing empirical research in terms of external conditions. It is expected to provoke more theoretical and practical questions from scholars within the IE field. Contribution & Value Added:The originality of this work lies in proposing a comprehensive framework to understand how context interacts with the entrepreneurial opportunity identification process.

Suggested Citation

  • Yonni Angel Cuero Acosta & Richard Adu-Gyamfi & Md. Noor Un Nabi & Utz Dornberger, 2017. "Analysing the Role of Framework Conditions Influencing International Entrepreneurial Opportunity Identification Process," Entrepreneurial Business and Economics Review, Centre for Strategic and International Entrepreneurship at the Cracow University of Economics., vol. 5(3), pages 9-29.
    • Handle: RePEc:krk:eberjl:v:5:y:2017:i:3:p:9-29
    as

    Download full text from publisher

    File URL: https://eber.uek.krakow.pl/index.php/eber/article/download/269/pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Manuel Oyson & Hugh Whittaker, 2015. "Entrepreneurial cognition and behavior in the discovery and creation of international opportunities," Journal of International Entrepreneurship, Springer, vol. 13(3), pages 303-336, September.
    2. Sharon A. Alvarez & Jay B. Barney & Philip Anderson, 2013. "Forming and Exploiting Opportunities: The Implications of Discovery and Creation Processes for Entrepreneurial and Organizational Research," Organization Science, INFORMS, vol. 24(1), pages 301-317, February.
    3. Yanto Chandra & Chris Styles & Ian Wilkinson, 2015. "Opportunity portfolio: Moving beyond single opportunity explanations in international entrepreneurship research," Asia Pacific Journal of Management, Springer, vol. 32(1), pages 199-228, March.
    4. Dimitratos, Pavlos & Buck, Trevor & Fletcher, Margaret & Li, Nicolas, 2016. "The motivation of international entrepreneurship: The case of Chinese transnational entrepreneurs," International Business Review, Elsevier, vol. 25(5), pages 1103-1113.
    5. N/A, 2010. "Books for Review," Work, Employment & Society, British Sociological Association, vol. 24(3), pages 612-614, September.
    6. Leff, Nathaniel H, 1979. "Entrepreneurship and Economic Development: The Problem Revisited," Journal of Economic Literature, American Economic Association, vol. 17(1), pages 46-64, March.
    7. -, 2014. "Global value chains and world trade: Prospects and challenges for Latin America," Libros de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 37041 edited by Eclac, May.
    8. Ikemefuna Allen, 2016. "International Entrepreneurship Theory: Past, Present and Way Forward," Entrepreneurial Business and Economics Review, Centre for Strategic and International Entrepreneurship at the Cracow University of Economics., vol. 4(4), pages 93-103.
    9. James C. Hayton & Gerard George & Shaker A. Zahra, 2002. "National Culture and Entrepreneurship : A Review of Behavioral Research," Entrepreneurship Theory and Practice, , vol. 26(4), pages 33-52, July.
    10. Johan Wiklund & Per Davidsson & David B. Audretsch & Charlie Karlsson, 2011. "The Future of Entrepreneurship Research," Entrepreneurship Theory and Practice, , vol. 35(1), pages 1-9, January.
    11. Camps, Susanna & Marques, Pilar, 2014. "Exploring how social capital facilitates innovation: The role of innovation enablers," Technological Forecasting and Social Change, Elsevier, vol. 88(C), pages 325-348.
    12. Dean A. Shepherd & Dawn R. DeTienne, 2005. "Prior Knowledge, Potential Financial Reward, and Opportunity Identification," Entrepreneurship Theory and Practice, , vol. 29(1), pages 91-112, January.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Richard Adu-Gyamfi & John Kuada & Simplice A. Asongu, 2023. "An Integrative Framework for Formal and Informal Entrepreneurship Research in Africa," Journal of African Business, Taylor & Francis Journals, vol. 24(2), pages 167-187, April.
    2. Felix A. Nandonde & Richard Adu-Gyamfi & Tinaye S. Mmusi & Herbert Wamalwa & Simplice A. Asongu & Johannes P. Opperman & Jeremiah R. Makindara, 2019. "Linkages and spillover effects of South African foreign direct investment in Botswana and Kenya," Working Papers of the African Governance and Development Institute. 19/039, African Governance and Development Institute..
    3. Adu-Gyamfi, Richard & Kuada, John & Asongu, Simplice, 2018. "An Integrative Framework for Entrepreneurship Research in Africa," MPRA Paper 89133, University Library of Munich, Germany.
    4. Salar Gholizadeh & Reza Mohammadkazemi, 2022. "International entrepreneurial opportunity: A systematic review, meta-synthesis, and future research agenda," Journal of International Entrepreneurship, Springer, vol. 20(2), pages 218-254, June.

    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. Masoud Karami & Ben Wooliscroft & Lisa McNeill, 2020. "Effectuation and internationalisation: a review and agenda for future research," Small Business Economics, Springer, vol. 55(3), pages 777-811, October.
    2. Grichnik, Dietmar & Smeja, Alexander & Welpe, Isabell, 2010. "The importance of being emotional: How do emotions affect entrepreneurial opportunity evaluation and exploitation?," Journal of Economic Behavior & Organization, Elsevier, vol. 76(1), pages 15-29, October.
    3. 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.
    4. Jean-Marie Nkongolo-Bakenda & Elie V. Chrysostome, 2020. "Exploring the organizing and strategic factors of diasporic transnational entrepreneurs in Canada: An empirical study," Journal of International Entrepreneurship, Springer, vol. 18(3), pages 336-372, September.
    5. Donbesuur, Francis & Hultman, Magnus & Oghazi, Pejvak & Boso, Nathaniel, 2022. "External knowledge resources and new venture success in developing economies: Leveraging innovative opportunities and legitimacy strategies," Technological Forecasting and Social Change, Elsevier, vol. 185(C).
    6. Dietmar Grichnik & Alexander Smeja & Isabell Welpe, 2010. "The Importance of Being Emotional: How do Emotions Affect Entrepreneurial Opportunity Evaluation and Exploitation?," Post-Print hal-00856603, HAL.
    7. Packard, Mark D. & Burnham, Thomas A., 2021. "Do we understand each other? Toward a simulated empathy theory for entrepreneurship," Journal of Business Venturing, Elsevier, vol. 36(1).
    8. Galina Shirokova & Tatiana Beliaeva & Tatiana S. Manolova, 2023. "The Role of Context for Theory Development: Evidence From Entrepreneurship Research on Russia," Entrepreneurship Theory and Practice, , vol. 47(6), pages 2384-2418, November.
    9. Zhang, Ying & Xu, Nan & Frost, Mark & Zhou, Wei & Li, Yuran, 2021. "Modeling team efficiency for international production assignments in Chinese manufacturing multinationals," International Journal of Production Economics, Elsevier, vol. 235(C).
    10. Packard, Mark D., 2017. "Where did interpretivism go in the theory of entrepreneurship?," Journal of Business Venturing, Elsevier, vol. 32(5), pages 536-549.
    11. Li Zhou & Maris Farquharson & Thomas Wing Yan Man, 2016. "Human Capital of Returnee Entrepreneurs: A Case Study in China," Journal of Enterprising Culture (JEC), World Scientific Publishing Co. Pte. Ltd., vol. 24(04), pages 391-418, December.
    12. Aparicio, Sebastian & Audretsch, David & Urbano, David, 2021. "Why is export-oriented entrepreneurship more prevalent in some countries than others? Contextual antecedents and economic consequences," Journal of World Business, Elsevier, vol. 56(3).
    13. Donald F. Kuratko & Greg Fisher & David B. Audretsch, 2021. "Unraveling the entrepreneurial mindset," Small Business Economics, Springer, vol. 57(4), pages 1681-1691, December.
    14. Diego Matricano, 2017. "The influence of sustainable entrepreneurship culture on start-up expectations: A comparative analysis," RIVISTA DI STUDI SULLA SOSTENIBILITA', FrancoAngeli Editore, vol. 0(1), pages 71-89.
    15. Katharina Erhardt & Simon Haenni, 2018. "Born to be an entrepreneur? How cultural origin affects entrepreneurship," ECON - Working Papers 309, Department of Economics - University of Zurich.
    16. Kim Hoe Looi, 2020. "Contextual Motivations for Undergraduates’ Entrepreneurial Intentions in Emerging Asian Economies," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 29(1), pages 53-87, March.
    17. Matthews, Russell S. & Chalmers, Dominic M. & Fraser, Simon S., 2018. "The intersection of entrepreneurship and selling: An interdisciplinary review, framework, and future research agenda," Journal of Business Venturing, Elsevier, vol. 33(6), pages 691-719.
    18. Shu, Rui & Ren, Shenggang & Zheng, Yi, 2018. "Building networks into discovery: The link between entrepreneur network capability and entrepreneurial opportunity discovery," Journal of Business Research, Elsevier, vol. 85(C), pages 197-208.
    19. Alexander Tabares & Yanto Chandra & Claudia Alvarez & Manuela Escobar-Sierra, 2021. "Opportunity-related behaviors in international entrepreneurship research: a multilevel analysis of antecedents, processes, and outcomes," International Entrepreneurship and Management Journal, Springer, vol. 17(1), pages 321-368, March.
    20. Luca Grilli & Boris Mrkajic & Emanuele Giraudo, 2023. "Industrial policy, innovative entrepreneurship, and the human capital of founders," Small Business Economics, Springer, vol. 60(2), pages 707-728, February.

    More about this item

    Keywords

    international entrepreneurial opportunity process; market context;

    JEL classification:

    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • M16 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - International Business Administration

    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:krk:eberjl:v:5:y:2017:i:3:p:9-29. 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: Piotr Stanek, PhD. (email available below). General contact details of provider: https://edirc.repec.org/data/aekrapl.html .

    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.