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Opportunities and Entrepreneurship

Journal of Management · 2002 · Vol. 29(3) · pp. 333–349

Jon Eckhardt✉(University of Wisconsin–Madison)

Abstract

This article extends and elaborates the perspective on entrepreneurship articulated by Shane and Venkataraman (2000) and Venkataraman (1997) by explaining in more detail the role of opportunities in the entrepreneurial process. In particular, the article explains the importance of examining entrepreneurship through a disequilibrium framework that focuses on the characteristics and existence of entrepreneurial opportunities. In addition, the article describes several typologies of opportunities and their implications for understanding entrepreneurship.

Entrepreneurship Studies and Influences Innovation and Socioeconomic Development Private Equity and Venture CapitalEntrepreneurshipDisequilibriumPerspective (graphical)SociologyEconomic geographyBusinessEconomicsComputer science

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