Opportunity recognition attitudes of nascent indigenous entrepreneurs

Abstract

This exploratory research aims to fill a gap in the literature. The current theory of entrepreneurial attitude toward opportunity recognition (EOR) is primarily based upon a non-indigenous entrepreneurship theory. Yet, there are significant differences between non-indigenous and indigenous forms of entrepreneurship. Non-indigenous entrepreneurship tends to emphasise economic objectives whereas indigenous entrepreneurship tends to embrace both economic and non-economic objectives. As such, the current EOR theory needs to be expanded to include both non-indigenous and indigenous similarities and differences. This research uses indigenous culture as a context for examining the relationships between personal values, EOR and expected personal success of nascent indigenous entrepreneurs.

The Relationship between Entrepreneurship Education and Entrepreneurial Intentions of College Students in China: Focus on Mediating Effect of Entrepreneurial Opportunity Recognition and Entrepreneurial Self-Efficacy

“…The definitions of entrepreneurial opportunity recognition in works of literature are different, but they have in common that opportunity recognition is an insight or an ability to capture entrepreneurial opportunities under uncertain environments. Prior opportunity studies mainly focused on the concept of entrepreneurial opportunity (Zhao et al, 2005;Baron, 2006); the nature and source of opportunity (Chandler et al, 2002); the process of discovery and creation (Lindsay et al, 2006); evaluation and development (Cox, 2016); as well as the factors that affect the formation of entrepreneurial opportunities and individuals who recognize the opportunity (Camelo-Ordaz et al, 2020). Among these views, the recognition view of opportunity is the most relevant to this study.…”

Assessing the Effect of Endogenous Culture, Local Resources, Eco-Friendly Environment and Modern Strategy Development on Entrepreneurial Development

“…Indigenous culture is a collective of people having one category with broad feelings and habits expressed in visible things such as race, language, communication styles, dressing style and eating culture which have significant effect on working for economic benefit that used for entrepreneurial development (Lindsay et al, 2006). The indigenous leadership knowledge and skill which are important in entrepreneurial can also be obtained through participation in the community (Simpong et al, 2019).…”

Resistance and integration: Working with capitalism at its fringes

“…(Tedmanson, Essers, Dey & Verduyn, 2015). Moreover, rather than intra-clan relationships, rooted in homogenous values, often what becomes more important in indigenous entrepreneurship is the ability to establish ties that bridge across heterogeneous groups (Lindsay, Lindsay & Jordan, 2006). Third, the idea of rootedness has also been critiqued as a differentiator of indigenous enterprises, as entrepreneurs are expanding their businesses beyond indigenous reserves or rural settings and operating them successfully in urban contexts more strongly characterized by mainstream capitalistic systems.…”