The extent and nature of opportunity identification by experienced entrepreneurs

被引:377
|
作者
Ucbasaran, Deniz [1 ]
Westhead, Paul [2 ,3 ]
Wright, Mike [1 ,4 ]
机构
[1] Univ Nottingham, Sch Business, Ctr Management Buy Out Res, Nottingham NG8 1BB, England
[2] Univ Durham, Durham Business Sch, Durham DH1 3LB, England
[3] Bodo Grad Sch Business, Bodo, Norway
[4] Erasmus Univ, NL-3000 DR Rotterdam, Netherlands
关键词
Repeat entrepreneurs; Business ownership experience; Business failure; Opportunity identification; Innovative opportunities; PRIOR KNOWLEDGE; INFORMATION; PERFORMANCE; FAILURE; RECOGNITION; PERSPECTIVE; HEURISTICS; COGNITION; STRATEGY; NOVICE;
D O I
10.1016/j.jbusvent.2008.01.008
中图分类号
F [经济];
学科分类号
02 ;
摘要
Guided by insights from cognitive theories, this article explores the links between entrepreneurs' prior business ownership experience and their opportunity identification behavior. Hypotheses were tested using data from 630 entrepreneurs. Experienced entrepreneurs identified more opportunities and exploited more innovative opportunities with greater wealth creation potential. Entrepreneurs that had owned more than 4.5 businesses, however, identified fewer opportunities. The nature of prior business ownership experience also shaped opportunity identification behavior. An inverse U-shaped relationship was detected between the proportion of failed businesses relative to the number of businesses owned and the number of opportunities identified in a given period. Business failure experience was not associated with the innovativeness of exploited opportunities. (C) 2008 Elsevier Inc. All rights reserved.
引用
收藏
页码:99 / 115
页数:17
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