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Grappling with the unbearable elusiveness of entrepreneurial opportunities

Lookup NU author(s): Professor Dimo Dimov

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Abstract

The notion of opportunity, as currently discussed in entrepreneurship research, is theoretically exciting but empirically elusive. This article seeks to stimulate a new conversation about entrepreneurial opportunities by distinguishing two conceptions of entrepreneurial behavior—formal and substantive—and situating the construct of opportunity within the latter. It discusses three substantive premises for studying opportunities empirically: (1) opportunity as happening; (2) opportunity as expressed in actions; and (3) opportunity as instituted in market structures. These premises stimulate research questions that can invigorate and expand the study of entrepreneurial opportunities. They invite a continuous dialogue between qualitative and quantitative methodologies in behalf of understanding how opportunities emerge and evolve at the level of individual entrepreneurs.

Publication metadata

Author(s): Dimov D

Publication type: Article

Publication status: Published

Journal: Entrepreneurship: Theory and Practice

Year: 2011

Volume: 35

Issue: 1

Pages: 57-81

Print publication date: 17/01/2011

Date deposited: 21/03/2011

ISSN (print): 1042-2587

ISSN (electronic): 1540-6520

Publisher: Wiley-Blackwell Publishing, Inc.

URL: http://dx.doi.org/10.1111/j.1540-6520.2010.00423.x

DOI: 10.1111/j.1540-6520.2010.00423.x

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