Opportunity Recognition Framework: Exploring the Technology Entrepreneurs

WeiLee Lim · Siri Roland Xavier

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Entrepreneurship Studies and Influences Innovation and Knowledge Management Migration, Ethnicity, and Economy

Abstract

Entrepreneurship plays an important role in fostering economic growth, job creation and innovation to a nation. Therefore, governments and researchers alike have concentrated their effort in pursue of increasing entrepreneurial activities within the community. Despite such efforts, entrepreneurship research is still evolving at its infancy stage. For entrepreneurship to happen, opportunity recognition must first happen. In an effort to take better sense of the factors shaping the entrepreneurial opportunity recognition, this study aims to examine the potential effect of entrepreneurial alertness, prior knowledge and social network on opportunity recognition and ultimately reaping the rewards of superior business performance. The goal of this study is to propose a model of the opportunity recognition model. Careful examination of past literature and theories produced several research hypotheses.

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References

1973The Strength of Weak Ties 2000Social Capital in the Creation of Human Capital 1998Social Capital, Intellectual Capital, and the Organizational Advantage 2000The Promise of Entrepreneurship as a Field of Research 1997Social Structure and Competition in Interfirm Networks: The Paradox of Embeddedness 1983The Strength of Weak Ties: A Network Theory Revisited 2003The role of social and human capital among nascent entrepreneurs 2000Prior Knowledge and the Discovery of Entrepreneurial Opportunities

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