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Barriers to entrepreneurship: opportunity recognition vs. opportunity pursuit

Author

Listed:
  • Dmitry Khanin

    (Alfaisal University)

  • Robert Rosenfield

    (Duke University Corporate Education
    Nazarbayev University)

  • Raj V. Mahto

    (The University of New Mexico)

  • Cherry Singhal

    (The University of New Mexico)

Abstract

Entrepreneurship is a phenomenon associated with wealth generation and economic development in a region or country. However, despite significant advancement in our understanding of this complex concept our understanding of its heterogeneity in countries across the world is limited. In this paper, we utilize barriers to entrepreneurship to explain that heterogeneity. We define barriers to entrepreneurship as conditions that prevent opportunity recognition and/or opportunity pursuit. We propose that cognitive-psychological factors may lead to discovery- lifestyle and growth–well-being barriers; social-institutional factors may create access and legitimacy barriers; and economic-operational factors may erect location and magnitude barriers. Using an abduction method, we enrich this theory by analyzing the stories of entrepreneurs and the coping strategies they use to overcome barriers to entrepreneurship.

Suggested Citation

  • Dmitry Khanin & Robert Rosenfield & Raj V. Mahto & Cherry Singhal, 2022. "Barriers to entrepreneurship: opportunity recognition vs. opportunity pursuit," Review of Managerial Science, Springer, vol. 16(4), pages 1147-1167, May.
    • Handle: RePEc:spr:rvmgts:v:16:y:2022:i:4:d:10.1007_s11846-021-00477-6
    DOI: 10.1007/s11846-021-00477-6
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