IDEAS home Printed from https://ideas.repec.org/a/wsi/jecxxx/v24y2016i04ns0218495816500138.html
   My bibliography  Save this article

Drawing the Boundaries between the Different Phases of Opportunity Processes

Author

Listed:
  • Agnieszka Kurczewska

    (Faculty of Economics and Sociology, University of Lodz, Poland)

  • Paula Kyrö

    (Aalto University, Helsinki, Finland)

  • Aarni Moisala

    (Department of Management Studies – Entrepreneurship, Aalto University School of Business, Aalto, Finland)

Abstract

To investigate the boundaries between the different phases of opportunity processes, we adopted an empirical phenomenology and used documentary videography with an editing method as well as a critical incidents and events technique. The analysis of cases led to three kinds of opportunity process approaches. Each had a different rationale for the actions taken and set of moderators, which are represented by the different interplay of phases. The interplay between alertness, insights and creativity was characteristic to all of the approaches, although each of these concepts present different form in the identified three approaches.

Suggested Citation

  • Agnieszka Kurczewska & Paula Kyrö & Aarni Moisala, 2016. "Drawing the Boundaries between the Different Phases of Opportunity Processes," Journal of Enterprising Culture (JEC), World Scientific Publishing Co. Pte. Ltd., vol. 24(04), pages 349-390, December.
    • Handle: RePEc:wsi:jecxxx:v:24:y:2016:i:04:n:s0218495816500138
    DOI: 10.1142/S0218495816500138
    as

    Download full text from publisher

    File URL: http://www.worldscientific.com/doi/abs/10.1142/S0218495816500138
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://libkey.io/10.1142/S0218495816500138?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    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. Garud, Raghu & Karnoe, Peter, 2003. "Bricolage versus breakthrough: distributed and embedded agency in technology entrepreneurship," Research Policy, Elsevier, vol. 32(2), pages 277-300, February.
    3. Connie Marie Gaglio, 2004. "The Role of Mental Simulations and Counterfactual Thinking in the Opportunity Identification Process," Entrepreneurship Theory and Practice, , vol. 28(6), pages 533-552, November.
    4. Daniel Kahneman & Amos Tversky, 2013. "Prospect Theory: An Analysis of Decision Under Risk," World Scientific Book Chapters, in: Leonard C MacLean & William T Ziemba (ed.), HANDBOOK OF THE FUNDAMENTALS OF FINANCIAL DECISION MAKING Part I, chapter 6, pages 99-127, World Scientific Publishing Co. Pte. Ltd..
    5. Gaglio, Connie Marie & Katz, Jerome A, 2001. "The Psychological Basis of Opportunity Identification: Entrepreneurial Alertness," Small Business Economics, Springer, vol. 16(2), pages 95-111, March.
    6. Kristine de Valck & Joonas Rokka & Joel Hietanen, 2009. "Videography in Consumer Research : Visions for a Method on the Rise," Post-Print hal-02313352, HAL.
    7. Dimo Dimov, 2007. "Beyond the Single-Person, Single-Insight Attribution in Understanding Entrepreneurial Opportunities," Entrepreneurship Theory and Practice, , vol. 31(5), pages 713-731, September.
    8. Friederike Welter & Frank Lasch, 2008. "Entrepreneurship Research in Europe: Taking Stock and Looking Forward," Entrepreneurship Theory and Practice, , vol. 32(2), pages 241-248, March.
    9. Israel M. Kirzner, 1997. "Entrepreneurial Discovery and the Competitive Market Process: An Austrian Approach," Journal of Economic Literature, American Economic Association, vol. 35(1), pages 60-85, March.
    10. Dev K. Dutta & Mary M. Crossan, 2005. "The Nature of Entrepreneurial Opportunities: Understanding the Process Using the 4I Organizational Learning Framework," Entrepreneurship Theory and Practice, , vol. 29(4), pages 425-449, July.
    11. Israel Kirzner, 2009. "The alert and creative entrepreneur: a clarification," Small Business Economics, Springer, vol. 32(2), pages 145-152, February.
    12. Kristine de Valck & J. Rokka & J. Hietanen, 2009. "Videography in Consumer Research; Visions for a Method on the Rise," Post-Print hal-00692098, HAL.
    13. Norris F. Krueger Jr., 2000. "The Cognitive Infrastructure of Opportunity Emergence," Entrepreneurship Theory and Practice, , vol. 24(3), pages 5-24, April.
    14. Steffen Korsgaard, 2011. "Entrepreneurship as translation: Understanding entrepreneurial opportunities through actor-network theory," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 23(7-8), pages 661-680, September.
    15. Dimo Dimov, 2011. "Grappling with the Unbearable Elusiveness of Entrepreneurial Opportunities," Entrepreneurship Theory and Practice, , vol. 35(1), pages 57-81, January.
    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. Clark, Kim & Ramachandran, Indu, 2019. "Subsidiary Entrepreneurship and Entrepreneurial Opportunity: An Institutional Perspective," Journal of International Management, Elsevier, vol. 25(1), pages 37-50.
    2. Peter Klein & Per Bylund, 2014. "The place of Austrian economics in contemporary entrepreneurship research," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 27(3), pages 259-279, September.
    3. Steffen Korsgaard & Henrik Berglund & Claus Thrane & Per Blenker, 2016. "A Tale of Two Kirzners: Time, Uncertainty, and the “Nature†of Opportunities," Entrepreneurship Theory and Practice, , vol. 40(4), pages 867-889, July.
    4. 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.
    5. Jeffery S. McMullen & Katrina M. Brownell & Joel Adams, 2021. "What Makes an Entrepreneurship Study Entrepreneurial? Toward A Unified Theory of Entrepreneurial Agency," Entrepreneurship Theory and Practice, , vol. 45(5), pages 1197-1238, September.
    6. Emmanuel Kwasi Mensah & Lawrence Adu Asamoah & Vahid Jafari-Sadeghi, 2021. "Entrepreneurial opportunity decisions under uncertainty: Recognizing the complementing role of personality traits and cognitive skills," Journal of Entrepreneurship, Management and Innovation, Fundacja Upowszechniająca Wiedzę i Naukę "Cognitione", vol. 17(1), pages 25-55.
    7. Erik Lundmark & Anna Krzeminska & Dean A. Shepherd, 2019. "Images of Entrepreneurship: Exploring Root Metaphors and Expanding Upon Them," Entrepreneurship Theory and Practice, , vol. 43(1), pages 138-170, January.
    8. Dorian Boumedjaoud & Karim Messeghem, 2019. "L'influence de la créativité sur la vigilance entrepreneuriale des repreneurs de PME," Post-Print hal-02570575, HAL.
    9. Maria Claudia Angel Ferrero & Véronique Bessière, 2016. "From Lab to Venture: Cognitive Factors Influencing Researchers' Decision to Start a Venture," Journal of Enterprising Culture (JEC), World Scientific Publishing Co. Pte. Ltd., vol. 24(02), pages 101-131, June.
    10. Lanivich, Stephen E. & Smith, Adam & Levasseur, Ludvig & Pidduck, Robert J. & Busenitz, Lowell & Tang, Jintong, 2022. "Advancing entrepreneurial alertness: Review, synthesis, and future research directions," Journal of Business Research, Elsevier, vol. 139(C), pages 1165-1176.
    11. Fellnhofer, Katharina, 2022. "Entrepreneurial alertness toward responsible research and innovation: Digital technology makes the psychological heart of entrepreneurship pound," Technovation, Elsevier, vol. 118(C).
    12. Peter Vogel, 2017. "From Venture Idea to Venture Opportunity," Entrepreneurship Theory and Practice, , vol. 41(6), pages 943-971, November.
    13. Anokhin, Sergey & Wincent, Joakim, 2014. "Technological arbitrage opportunities and interindustry differences in entry rates," Journal of Business Venturing, Elsevier, vol. 29(3), pages 437-452.
    14. James C. Hayton & Magdalena Cholakova, 2012. "The Role of Affect in the Creation and Intentional Pursuit of Entrepreneurial Ideas," Entrepreneurship Theory and Practice, , vol. 36(1), pages 41-67, January.
    15. Bonney, Leff & Davis-Sramek, Beth & Cadotte, Ernest R., 2016. "“Thinking” about business markets: A cognitive assessment of market awareness," Journal of Business Research, Elsevier, vol. 69(8), pages 2641-2648.
    16. Tang, Jintong & Zhang, Stephen X. & Lin, Song, 2021. "To reopen or not to reopen? How entrepreneurial alertness influences small business reopening after the COVID-19 lockdown," Journal of Business Venturing Insights, Elsevier, vol. 16(C).
    17. Elco van Burg & A. Georges L. Romme, 2014. "Creating the Future Together: Toward a Framework for Research Synthesis in Entrepreneurship," Entrepreneurship Theory and Practice, , vol. 38(2), pages 369-397, March.
    18. Stratos Ramoglou & Stelios Zyglidopoulos, 2015. "The constructivist view of entrepreneurial opportunities: a critical analysis," Small Business Economics, Springer, vol. 44(1), pages 71-78, January.
    19. Vincent Lefebvre & Miruna Radu Lefebvre, 2012. "Integrating Corporate Social Responsibility at the Start-up Level: Constraint or Catalyst for Opportunity Identification?," Post-Print hal-00836856, HAL.
    20. Virgil Henry Storr & Stefanie Haeffele-Balch & Laura E. Grube, 2015. "Community Revival in the Wake of Disaster," Perspectives from Social Economics, Palgrave Macmillan, number 978-1-137-31489-5, June.

    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:wsi:jecxxx:v:24:y:2016:i:04:n:s0218495816500138. 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: Tai Tone Lim (email available below). General contact details of provider: http://www.worldscinet.com/jec/jec.shtml .

    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.