On Opportunities: Philosophical And Empirical Implications

Alvarez, Sharon; Barney, Jay B.; McBride, Russ; Wuebker, Robert

doi:10.2139/ssrn.3581239

Cited by 12 publications

(19 citation statements)

References 0 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…An ontological analysis was undertaken by Ramoglou and Tsang (2016) to uncover this core conundrum. Later, the discourse continued for several years in the Academy of Management Journal ( Alvarez et al, 2017 ; Berglund and Korsgaard, 2017 ; Ramoglou and Tsang, 2017 , 2018 ; Danneels and Braver, 2018 ). The relationship between innovation and opportunity creation became pivotal as the core conundrum debate progressed.…”

Section: Theory and Hypothesesmentioning

confidence: 99%

How Coping Combination Affects Innovation Ambidexterity in Business Failure Situations

2020

View full text Add to dashboard Cite

As an effective cognitive and behavioral strategy, coping helps to overcome negative events. Although coping and its effects have been widely studied in psychology, little is known about the combination of entrepreneurs' coping and its connection with firms' innovation ambidexterity. To fill these gaps, in this study, the authors collected 106 samples through two serial-wave surveys of the Bohai Economic Rim in China and tested the theoretical hypotheses using polynomial regression with response surface analysis. The results showed that alignment coping combination enhanced innovation ambidexterity by reshaping an entrepreneur's cognitive structure. Misalignment coping combination was found to enhance innovation ambidexterity by eliciting an entrepreneur's different types of information processing systems. This study contributes to the literatures of coping, innovation ambidexterity, and upper echelons theory from the entrepreneurial cognition approach.

show abstract

Section: Theory and Hypothesesmentioning

confidence: 99%

How Coping Combination Affects Innovation Ambidexterity in Business Failure Situations

2020

View full text Add to dashboard Cite

show abstract

“…Accordingly, there are at least three ontological approaches for explaining the phenomenon of entrepreneurial opportunity and these have been a source of heated debate. The discovery perspective has been criticised for ignoring the role of entrepreneurial action and agency (Alvarez et al, 2017;Foss and Klein, 2017). Moreover, the discovery perspective has been criticised for assuming that opportunities exist before individuals perceive them (Alvarez and Barney, 2013).…”

Section: Theoretical Background and Literature Reviewmentioning

confidence: 99%

“…In addition, creation scholars have been criticised for abusing the word opportunity by conflating opportunity with creation of new products Tsang, 2017b, 2018). The actualisation perspective has also been subject to the critique that it is tautological (Alvarez et al, 2017), deterministic (Berglund and Korsgaard, 2017) and for unpacking opportunities in terms of desires (Braver and Danneels, 2018). However, this criticism has been rebutted by actualisation scholars (Ramoglou and Tsang, 2017a.…”

Section: Theoretical Background and Literature Reviewmentioning

confidence: 99%

“…However, this criticism has been rebutted by actualisation scholars (Ramoglou and Tsang, 2017a. Indeed, advocates of the various perspectives have, in a series of exchanges, reinforced their critique of other approaches and attempted to rebut such criticism (Alvarez et al, 2013(Alvarez et al, , 2017Davidsson, 2017aDavidsson, , 2017bDavidsson, , 2017cFoss and Klein, 2017;Ramoglou and Tsang, 2016, 2108Shane, 2012;Venkataraman et al, 2012;Wood, 2017aWood, , 2017b.…”

Section: Theoretical Background and Literature Reviewmentioning

confidence: 99%

See 1 more Smart Citation

Entrepreneurial thinking and action in opportunity development: A conceptual process model

Clausen

2019

International Small Business Journal: Researching Entrepreneurs

View full text Add to dashboard Cite

This article develops a conceptual process model of how founders develop entrepreneurial ideas into opportunities. Drawing on translation theory, I conceptualise opportunity development as a process of translation between three interlinked but distinct entities over time: ostensive ideas (abstract entrepreneurial ideas), performative ideas (context-specific entrepreneurial ideas) and venture offerings. Whereas ostensive and performative ideas reside in the realm of conceptual and entrepreneurial thinking, venture offerings reside in actual business worlds and entrepreneurial action. The model identifies learning about the abstract nature of the entrepreneurial idea itself (ostensive) through lateral translation and abstraction and separates this from developing a concrete manifestation of the idea in time and space (performative) through vertical translation and concretisation. This is different from the venture offering, which is a specific empirical translation of the performative idea. Entrepreneurs receive feedback about the viability of the venture offering from social interaction that influence further opportunity development. The model portrays opportunity development as a triple-looped process driven by distinct types of translation, lateral, vertical and empirical. It clarifies the relationship between entrepreneurial ideas and entrepreneurial opportunities and maps the role of thinking and action in this regard.

show abstract

“…However, a growing body of scholars spanning strategy, entrepreneurship, and economics challenges this environment‐as‐given assumption (Alvarez & Barney, ; Dew, Read, Sarasvathy, & Wiltbank, ; Felin, Kauffman, Koppl, & Longo, ; Sarasvathy, 2001b). This view argues that the heart of value creation is the realization of a previously non‐existent—rather than difficult to predict—future and suggests there are important boundary conditions on the efficacy of both planning and learning processes in these settings (Alvarez, Barney, McBride, & Wuebker, ; Welter, Mauer, & Wuebker, ; Wiltbank, Dew, Read, & Sarasvathy, ). While the literature admits to a variety of approaches to entrepreneurial search, much work remains to be done to understand the boundary conditions and successful application of search processes in the entrepreneurial context (Arend, Sarooghi, & Burkemper, ; Read, Sarasvathy, Dew, & Wiltbank, ).…”

Section: Introductionmentioning

confidence: 99%

Prediction and control: An agent‐based simulation of search processes in the entrepreneurial problem space

Mauer

Wuebker

Schlüter

et al. 2017

Strategic Entrepreneurship

Self Cite

View full text Add to dashboard Cite

Research Summary: This study seeks to understand the boundary conditions and successful application of search processes in the entrepreneurial problem space. To this end, we employ an agentbased simulation approach to formally investigate the influence of environmental isotropy, unpredictability, and goal ambiguity on two distinct search processes, one prediction-based and one control-based. Specifically, we investigate the performance of effectuation as an example of non-predictive, control-based search and causation as an example of prediction-based search. Results enhance theory by revealing a more nuanced relationship between the environment and entrepreneurial search than previous conceptual and empirical work has suggested.Managerial Summary: Historically, entrepreneurship research has tended to view the external environment as given. The guidance for entrepreneurs given an immutable landscape sits on a continuum between "learn to plan better" and "learn to react faster."These two approaches differ only in their suggestions about what entrepreneurs should do assuming the environment is given. A growing body of theoretical work questions this environment-asgiven assumption and suggests an alternative entrepreneurial search process that seeks active control of environmental elements. To understand the successful applications as well as limitations of these entrepreneurial search processes, this study runs a simulation in which agents engage in different search processes.Practitioners receive more realistic guidance on how search for value needs a match between the idea, the context, and the search process. K E Y W O R D Sagent-based simulation, control, effectuation, entrepreneurial problem space, prediction

show abstract

On Opportunities: Philosophical And Empirical Implications

Cited by 12 publications

References 0 publications

How Coping Combination Affects Innovation Ambidexterity in Business Failure Situations

How Coping Combination Affects Innovation Ambidexterity in Business Failure Situations

Entrepreneurial thinking and action in opportunity development: A conceptual process model

Prediction and control: An agent‐based simulation of search processes in the entrepreneurial problem space

Contact Info

Product

Resources

About