Work

Opportunities and Prior Knowledge: A Study of Experienced Entrepreneurs

Year: 2006

Type: preprint

Abstract: This study investigates how opportunity generation is related to the prior knowledge base of experienced entrepreneurs. The paper explores how prior knowledge is used in the process of opportunity generation and whether this varies dependent on how opportunities come into existence. Opportunities may be the result of serendipity or deliberate search, and may be (objectively) discovered or (subjectively) created. Combining these two axes gave four types of processes: opportunity discovery, opportunity search, opportunity creation, and opportunity occurrence. Based on interviews of farm-based entrepreneurs in Finland and Norway, it is detected that different processes of opportunity generation related to the situations of the entrepreneurs, their former experiences, and their social networks.

Source: SSRN Electronic Journal

Authors: Gry Agnete Alsos, Virpi Kaikkonen

Institutions: Nord University, University of Nordland, Kajaani University of Applied Sciences

Language: English

Topic: Entrepreneurship Studies and Influences

Subfield: Management of Technology and Innovation

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: green

OpenAlex ID: W1497964677

Cites: 32

Cited by: 37

Related to: 10