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What is an entrepreneurial opportunity?

McMullen, Jeffery S. and Plummer, Lawrence A. and Acs, Zoltan J. (2007) What is an entrepreneurial opportunity? Small Business Economics, 28 (4). pp. 273-283. ISSN 0921-898X

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Identification Number: 10.1007/s11187-006-9040-z

Abstract

The nature and source of entrepreneurial opportunity are important issues for understanding how markets function and come into being. In addition to describing the forum held on the topic and summarizing the contributions of the articles that appear in the special issue, this article shares a number of lessons learned during the workshop and the editorial process. We explore three of the most important reasons for confusion about the opportunity construct: (1) the “objectivity” of opportunity, (2) the perceived importance of one particular individual in determining the direction of the social world and (3) what distinguishes the sub-class of “entrepreneurial” opportunity from the broader category of opportunity in general. Finally, we offer some directions for future research by illuminating important issues that emerged from the workshop but that remain largely unanswered by the papers of this special issue.

Item Type: Article
Official URL: http://link.springer.com/journal/11187
Additional Information: © 2007 Springer
Subjects: H Social Sciences > HB Economic Theory
JEL classification: D - Microeconomics > D5 - General Equilibrium and Disequilibrium
L - Industrial Organization > L2 - Firm Objectives, Organization, and Behavior
M - Business Administration and Business Economics; Marketing; Accounting > M1 - Business Administration > M13 - Entrepreneurship
Sets: Departments > Management
Date Deposited: 10 Apr 2014 13:55
Last Modified: 10 Apr 2014 13:55
URI: http://eprints.lse.ac.uk/id/eprint/56483

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