A temporal typology of entrepreneurial opportunities: Implications for the optimal timing of entrepreneurial action

McMullen, Jeffery S.; Fitzsimmons, Jason R.; Shetty, Khyati; Ramoglou, Stratos

doi:10.1016/j.jbusvent.2023.106356

Cited by 14 publications

(1 citation statement)

References 106 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Thus, the debate (or even war!) is ongoing, and we have recently seen several important contributions (or salvoes) that inform the debate (or move the battle lines, such as Alvarez & Barney, 2020;McMullen et al, 2023;Ramoglou & McMullen, 2022).…”

Section: Introductionmentioning

confidence: 99%

A Quantum view of entrepreneurial opportunity: moving beyond the Discovery and Creation views

Chen,

Zhang,

Lundmark

2024

Small Bus Econ

View full text Add to dashboard Cite

This article sheds new light on the debate between the Discovery and Creation views of entrepreneurial opportunity by drawing on quantum theory. We develop the Quantum view of opportunity, which explains how opportunity is both discovered and created. The Quantum view holds that the ontology and epistemology of opportunity are fundamentally inseparable, which explains why opportunity can never be fully specified. We argue, similar to the Discovery view, that opportunity exists as latent states irrespective of entrepreneurs and that, similar to the Creation view, opportunity is instantiated through entrepreneurial action, which changes opportunity. We use the Quantum view as a thought-provoking metaphor that facilitates the breaking out of the mold of ingrained thinking and moves beyond the Discovery-Creation dichotomy to further our understanding of entrepreneurship. We discuss how the Quantum view relates to established theoretical and empirical research in the entrepreneurship field.

show abstract

Section: Introductionmentioning

confidence: 99%

A Quantum view of entrepreneurial opportunity: moving beyond the Discovery and Creation views

Chen,

Zhang,

Lundmark

2024

Small Bus Econ

View full text Add to dashboard Cite

show abstract

Chance, probability, and uncertainty at the edge of human reasoning: What is Knightian uncertainty?

Townsend,

Hunt,

Rady

2024

Strategic Entrepreneurship

View full text Add to dashboard Cite

Research SummaryFor more than a century, Frank Knight's Risk, Uncertainty, and Profit has significantly influenced entrepreneurship theory development by exploring the nature of uncertainty and the epistemic limits of entrepreneurial action. Knight's work highlights how economic actors cannot fully predict the consequences of their actions. Despite its broad influence, debates persist regarding the nature of Knightian uncertainty. This study addresses these debates through a comprehensive analysis of RUP and Knight's other published and unpublished writings to offer new insights into the nature and meaning of Knightian uncertainty, revealing Knight's holistic theory that integrates “real indeterminism,” “partial knowledge,” and “subjective beliefs.” This analysis provides much needed construct clarity to advance contemporary theories of entrepreneurial action and the role of uncertainty in business venturing processes.Managerial SummaryThis article revisits Frank Knight's foundational work, Risk, Uncertainty, and Profit, a cornerstone in entrepreneurship research for over a century. We highlight Knight's holistic approach to uncertainty, which integrates the concepts of real indeterminism (the inherent unpredictability of future events), partial knowledge (the incomplete understanding of the present and future), and subjective beliefs (individual perceptions and interpretations). The study offers new perspectives on how Knightian uncertainty influences entrepreneurial decision‐making and action, highlighting how this unique type of uncertainty plays a critical role in the business venturing process. These insights provide valuable contributions to contemporary theories of entrepreneurship, emphasizing the complexity and multifaceted nature of navigating uncertainty in business.

show abstract

The concept of entrepreneurial opportunities: a review and directions for future research

Schlichte,

Junge

2024

Manag Rev Q

View full text Add to dashboard Cite

Shane and Venkataraman's (2000) seminal work reshaped the landscape of entrepreneurship research by introducing the concept of entrepreneurial opportunities. Their groundbreaking article sparked a wave of scholarly interest that spawned a wealth of literature and propelled entrepreneurship research forward. However, over time, a large number of studies have been published, delving into various facets and sometimes detached determinants of the concept of entrepreneurial opportunities. Now, more than two decades after the pivotal contribution of Shane and Venkataraman (2000), it is imperative to reflect on the breadth of accumulated knowledge and identify overlooked areas within the field of entrepreneurial opportunities. This study aims to conduct a comprehensive examination of entrepreneurial opportunities and their associated underlying processes. Using a systematic literature review, we highlight key findings from previous studies and identify research gaps that provide promising directions that future research needs to address in order to further enhance this field of research.

show abstract

A temporal typology of entrepreneurial opportunities: Implications for the optimal timing of entrepreneurial action

Cited by 14 publications

References 106 publications

A Quantum view of entrepreneurial opportunity: moving beyond the Discovery and Creation views

A Quantum view of entrepreneurial opportunity: moving beyond the Discovery and Creation views

Chance, probability, and uncertainty at the edge of human reasoning: What is Knightian uncertainty?

The concept of entrepreneurial opportunities: a review and directions for future research

Contact Info

Product

Resources

About