The production of entrepreneurial opportunity: a constructivist perspective

作者：Matthew Wood, William McKinley · 发表于：Strategic Entrepreneurship Journal · 年份：2010 · DOI：10.1002/sej.83 · 被引用次数：405 · 研究领域：Entrepreneurship Studies and Influences、Private Equity and Venture Capital、Innovation and Socioeconomic Development

Abstract This article presents a conceptual model of entrepreneurial opportunity production from a constructivist perspective. The model assumes that opportunity production proceeds through several stages, including conceptualization of an opportunity idea by an entrepreneur, objectification of that idea, and enactment of the opportunity into a new venture. However, not all opportunity ideas survive this full process. Between the conceptualization stage and the objectification stage, some ideas are abandoned due to inadequate objectification. Also, between the objectification stage and the enactment stage, some objectified opportunities are abandoned due to insufficient resource support. We identify variables that influence the likelihood that opportunity ideas will be objectified and other variables that influence the likelihood that objectified opportunities will be enacted, and these variables are incorporated into empirically testable propositions. In the discussion section, we describe several boundary conditions for our theory, contrast the theory with objectivist (discovery) theory, and derive implications for future research. Copyright © 2010 Strategic Management Society.