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Schumpeter versus Kirzner: An empirical investigation of opportunity types

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  • Jeroen de Jong
  • Orietta Marsili

Abstract

This paper empirically explores the distinction between Schumpeterian and Kirznerian opportunities by analyzing survey data of 184 high tech small business entrepreneurs. A multidimensional measure is developed documenting the extent in which entrepreneurial opportunities are either Schumpeterian or Kirznerian. It consists of five bipolar dimensions. We find that Schumpeterian opportunities are more likely to be pursued by innovative individuals with strong ambitions to grow their company. At the enterprise level, we find such opportunities in organizations with a strategic focus on proactive product development to satisfy future needs. Besides, Schumpeterian opportunities are found more often in relatively innovative organizations and pursued in rapidly growing markets. They seem to induce better growth in terms of sales and employment.

Suggested Citation

  • Jeroen de Jong & Orietta Marsili, 2010. "Schumpeter versus Kirzner: An empirical investigation of opportunity types," Scales Research Reports H201004, EIM Business and Policy Research.
    • Handle: RePEc:eim:papers:h201004
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    Cited by:

    1. 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.
    2. Dorine Cornet & Jean Bonnet & Sébastien Bourdin, 2023. "Digital entrepreneurship indicator (DEI): an analysis of the case of the greater Paris metropolitan area," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 71(3), pages 697-724, December.
    3. Abdul Basit & Zubair Hassan & Sharmila Sethumadhavan, 2021. "Entrepreneurial Success: Key Challenges Faced by Malaysian Women Entrepreneurs in 21st Century," International Journal of Business and Management, Canadian Center of Science and Education, vol. 15(9), pages 122-122, July.
    4. Martin, Albert & Bartscher-Finzer, Susanne, 2014. "The self-concept of book publishers and its significance for job satisfaction and satisfaction with economic success," management revue - Socio-Economic Studies, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 25(4), pages 285-314.

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