Abstract
While extant literature has studied the process of entrepreneurial opportunity emergence (EOE), the dynamics within the process remain underexplored in the context of entrepreneurial teams. Co-founders bring diverse information relevant to the identification and development of entrepreneurial opportunities. However, in order for the information to be actually used in EOE, it needs to move into the collective attention of the team. We apply a novel, path dependence lens to study how an entrepreneurial team’s collective attention develops over the course of the EOE process. To do so, we use a controlled setting in which 20 early-stage entrepreneurial teams participate in an opportunity identification task. Taking a qualitative, multiple case study approach, we analyze a unique video dataset of the teams engaging in this task to build a model of the genesis, evolution, and resolution of what we call ‘collective attention paths’ during EOE. In doing so, we contribute to theory on entrepreneurial opportunities and teams, as well as collective attention.
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