Entrepreneurial Opportunity Recognition Research Articles

Whether ChatGPT adoption inspires higher education students’ digital entrepreneurial intention? An integrated model of the SCCT and the TPB

Purpose This study aims to integrate the Social Cognitive Career Theory with the Theory of Planned Behavior to unravel the intricate dynamics of how engaging with ChatGPT affects individuals’ digital entrepreneurial intention, underlying the serial mediation mechanism of the cognitive and reasoned career process. Design/methodology/approach This research use a cross-sectional design, drawing on a sample of 604 higher education students from six universities in Vietnam. Multiple regression analyses were conducted to test the formulated hypotheses after assessing the reliability and validity of scales through Cronbach’s alpha and confirmatory factor analysis. Findings The results indicate that ChatGPT adoption significantly increases perceived AI competencies, entrepreneurial opportunity recognition and digital entrepreneurial self-efficacy. Digital entrepreneurial self-efficacy was found to have a positive impact on attitudes toward digital entrepreneurship, which, in turn, fosters digital entrepreneurial intention. ChatGPT adoption thus poses serial indirect impacts on digital entrepreneurial intention through the sequential pathways of enhanced digital entrepreneurial self-efficacy and positive attitudes. Practical implications This study’s findings provide valuable recommendations for entrepreneurs, higher education institutions and policymakers. Originality/value This research contributes to the entrepreneurship literature by integrating two prominent theoretical frameworks to elucidate how ChatGPT adoption impacts digital entrepreneurial intentions. The serial mediation model expands that understanding of the complex cognitive and reasoned processes involved, providing a novel perspective on the role of AI in entrepreneurship.

Boomerang Entrepreneurs and the Declining Home City’s Place Image: Away on the Brain Drain Flow and Back on the Homesick Flow

Abstract Boomerang entrepreneurs (practicing and nascent entrepreneurs who return to their declining home cities after years away) may especially be an answer to the brain drain, suppressed innovation, and often tepid entrepreneurial ecosystem condition that plague declining cities such as U.S. Rust Belt cities. This conceptual article addresses how the declining home city’s place image might inform and promote a boomerang entrepreneur’s return migration and venturing decisions and with what implications for the place’s entrepreneurial ecosystem. Even given homesickness, this kind of return migration is unlikely unless prospective boomerang entrepreneurs revise their place images of their old hometowns. We conceptually develop and support propositions on the relationships between place image and brain drain, between affect and both place image revision and entrepreneurial intentions, and between place image revision and both return migration intentions and entrepreneurial opportunity recognition. We also discuss implications for microfoundations of entrepreneurial ecosystems in declining cities, place branding that can encourage boomerang entrepreneurs’ place image revision and return migration to the declining home city, and related research data collection.

Social entrepreneurial opportunity recognition among higher education students: scale development and validation

PurposeThis study aims to develop and validate a multidimensional scale to measure the motivating factors that lead to opportunity recognition in social entrepreneurship among higher education institute (HEI) students.Design/methodology/approachThe scale was developed through two phases; in phase 1, semi-structured interviews with social entrepreneurs and aspiring students were conducted to explore themes for item generation. Phase 2 included developing and validating the scale using exploratory (EFA) and confirmatory factor analysis (CFA). The sample included HEI students (n = 300 for EFA, n = 300 for CFA) with either academic background or volunteering experiences in social entrepreneurship.FindingsA 24-item scale is developed in the study, with six factors measuring the motivating factors influencing opportunity recognition in social entrepreneurship: life experiences, social awareness, social inclination, community development, institutional voids and natural option for a meaningful career.Research limitations/implicationsThe scale facilitates the development of theories and models in social entrepreneurship. The scale also enables policymakers and social entrepreneurship educators to understand the motivating factors that lead to opportunity recognition among students. It would help them to provide target-specific support to students.Originality/valueTo the best of the authors’ knowledge, this study is the first attempt to develop a scale that measures opportunity recognition in social entrepreneurship based on specific motivating factors. The study used the model by Yitshaki and Kropp (2016) as the conceptual framework. This study is the first attempt to triangulate the model’s findings using a quantitative methodology and through the development of a measurement scale. Besides, the scale adds value to social entrepreneurship research, which lacks empirical research on HEI students.

PERCEIVED STRATEGIC ENTREPRENEURIAL PLANNING AND OPPORTUNITY RECOGNITION SKILLS NEEDED TO COMBAT YOUTH RESTIVENESS IN NORTH-WEST, NIGERIA

The study was conducted to ascertain the perceived strategic entrepreneurial planning and opportunity recognition skills needed to combat youth restiveness in North-West, Nigeria. It was guided by two specific purposes, two research questions and two null hypotheses. A descriptive survey research design was adopted for the study. The population of the study consist of three hundred twenty-four (324) Business Education lecturers in eleven (11) tertiary institutions in North-West Nigeria. The sample size of the study comprised 179 Business Educators (123 males and 56 females). A proportionate sampling technique was used to apportion the sample size to each of the institutions under study. A 4-point rating scale questionnaire titled “Strategic Entrepreneurial Skills Rating Scale” (SESRS) developed by the researcher was used as an instrument for data collection. The instrument was validated by three experts and further tested for reliability using the Cronbach Alpha reliability coefficient test. The result showed an overall reliability coefficient of 0.85. Data was analysed using mean and standard deviation to answer the research questions and a t-test to test the research hypotheses at 0.05 Alpha level of significance. The findings revealed that the respondents strongly agreed to planning and opportunity recognition as strategic entrepreneurial skills needed to combat youth restiveness. In addition, there is no significant difference in the mean score of male and female Business Educators on planning skills needed as entrepreneurial strategy; no significant difference in the mean score of Business Educators in urban and rural on strategic entrepreneurial opportunity recognition skills. It was recommended among others that agencies and persons concerned with planning curricula for entrepreneurship education and training should incorporate the teaching and learning of strategic planning and opportunities recognition in the curriculum.<p> </p><p><strong> Article visualizations:</strong></p><p><img src="/-counters-/soc/0011/a.php" alt="Hit counter" /></p>

Mediating effect of absorptive capacity on the relationship between knowledge sharing and entrepreneurial orientation and the moderating role of opportunity recognition

PurposeKnowledge sharing enables a firm’s absorptive capacity to reconfigure its dynamic capabilities to sense, track and recognise embryonic business opportunities. Entrepreneurial opportunity recognition triggers entrepreneurs to invest in and upgrade their knowledge practices to improve entrepreneurial performance. This study aims to examine the relationship between knowledge sharing and absorptive capacity on entrepreneurial orientation as well as the moderating effect of opportunity recognition and the mediating effect of absorptive capacity.Design/methodology/approachA quantitative cross-sectional research design was applied to data from Algerian small and medium-sized enterprise managers in middle- to top-management positions. The final analysis using smart PLS included 246 respondents.FindingsKnowledge sharing positively influenced entrepreneurial orientation and absorptive capacity. In addition, the findings reveal that entrepreneurial orientation positively influences entrepreneurial performance, and opportunity recognition strengthens the relationship between entrepreneurial orientation and entrepreneurial performance. Entrepreneurial orientation and absorptive capacity have partial mediating effects.Practical implicationsThis study focuses on how firms create and share developed knowledge to enable absorptive capacity to fit a level of entrepreneurial orientation. This study validates the vital impact of opportunity recognition as a leading motivation for entrepreneurial orientation. The results highlight an important area of research and suggest that firms should focus on knowledge sharing to boost entrepreneurial outcomes.Originality/valueThe notions of entrepreneurship, absorptive capacity and knowledge sharing are extended by building on dynamic capability theory. Knowledge sharing increases absorptive capacity, which drives superior entrepreneurial orientation outcomes.

Exploring entrepreneurial opportunity recognition in tourism: a study of Cameroon

Exploring entrepreneurial opportunity recognition in tourism: a study of Cameroon

Exploring entrepreneurial opportunity recognition in tourism: a study of Cameroon

Exploring entrepreneurial opportunity recognition in tourism: a study of Cameroon

Factors determining entrepreneurial opportunity recognition and the significant role of education and training

Purpose The purpose of this paper was to determine the factors that enable entrepreneurial opportunity recognition and the significant role of education and training in enhancing opportunity recognition. Design/methodology/approach This paper follows a systematic literature review method to answer the research questions. A systematic literature review allows us to determine the work carried out to date, how it was done, assess literature and report all relevant research. The authors have used the Preferred Reporting Items for Systematic and Meta-Analysis procedure. Findings The findings of this study showed that prior knowledge, social networks, external environment, entrepreneurial alertness, creativity, self-efficacy and entrepreneurial passion are the main factors that play a role in the opportunity recognition process. The authors were also able to establish the importance of education and training in enhancing opportunity recognition. Experiential learning is at the forefront of education methods used to improve prior knowledge and experience that directly impact the ability to recognize entrepreneurial opportunities. Practical implications The paper provides human resource development practitioners and entrepreneurship educators with factors that determine entrepreneurial opportunity recognition. It pinpoints the factors that can be exploited in enhancing employees and novice entrepreneurs’ ability to recognize viable entrepreneurial opportunities. Originality/value Opportunity recognition is recognized as the first step in the entrepreneurship process. Therefore, it is crucial for entrepreneurs to have the ability to recognize opportunities that are viable. Understanding the factors that contribute to a successful opportunity recognition is important. In addition, the role of education and training in opportunity recognition and enhancing entrepreneurial opportunity recognition cannot be overlooked.

The Impact of Social Media Use on Entrepreneurial Opportunity: Evidence from Manipur, India

Objective: The present study aims to investigate the transformative influence of social media usage on entrepreneurial opportunity, recognition and exploitation in the unique context of Manipur, a northeastern state of India. This research aims to offer valuable insights into the dynamics of social media and entrepreneurship in a region which is characterized by its unique opportunities and challenges, ultimately contributing to a deeper understanding of the role of digital technology in fostering entrepreneurial growth.
 
 Theoretical Framework: This study is guided by seven hypotheses that lay the theoretical foundation, investigating the relationships among specific variables. The independent variable under study is the Social Media Usage (SMU) which is assumed to influence several aspects of entrepreneurial activity. Simultaneously, the study considers Prior Knowledge (PK), Entrepreneurial Alertness (EA) and Enhancing Social Networks (ESN) as intermediary variables, shaping the pathway from social media usage to entrepreneurial opportunity recognition and exploitation.
 
 Method: The authors surveyed 185 entrepreneurs in Manipur, India. Our study applied quantitative approaches to process data through PLS SEM.
 
 Results: The results of our study reveal that social media significantly enhances both entrepreneurial opportunity recognition and exploitation, as well as prior knowledge. However, Contrary to expectations, prior knowledge negatively influences entrepreneurial opportunity recognition and exploitation. Further, social media positively affects entrepreneurial alertness and has a significant impact on expanding social networks. However, the unexpected negative relationship between social networks and entrepreneurial opportunity recognition and exploitation was observed.
 
 Conclusion: In the context of Manipur, India, our study highlights social media’s pivotal role in boosting entrepreneurial opportunity recognition and exploitation, alongside positively affecting prior knowledge and alertness. However, the unexpected negative influence of prior knowledge and the surprising negative relationship between social networks and opportunities necessities further investigation.

Retracted: Effects of Digital Platform Openness on Recognition of Entrepreneurial Opportunities and Integration of Entrepreneurial Resources

Retracted: Effects of Digital Platform Openness on Recognition of Entrepreneurial Opportunities and Integration of Entrepreneurial Resources

A Framework of Factors Influencing Intention for Sustainable Entrepreneurship on Micro, Small, And Medium Enterprises (MSMEs): Mediating Effect of Entrepreneurial Opportunity Recognition

The concept of sustainable entrepreneurship has received much attention recently as a remedy for the issue of environmental deterioration. Malaysia's degradation of the environment is an issue that requires global concern. Manufacturing and entrepreneurial endeavours have been shown to impact the issues substantially. Micro, small, and medium-sized enterprises (MSMEs), notably those in Malaysia, must be made aware of sustainable entrepreneurship due to a lack of knowledge and awareness. Since intention may reflect behaviour, this study aims to identify elements or factors that may influence MSMEs' intentions for sustainable entrepreneurship. The element consists of sustainable attitude, sustainable value, sustainable orientation, social norms, and government legislation. Additionally, this study makes an effort to investigate how opportunity recognition functions as a mediator in the connection.

Entrepreneurial Opportunity Recognition: A Study on Theoretical Exploration

Entrepreneurial opportunity recognition, a critical precursor to the startup process, is a complex phenomenon influenced by a multitude of factors. This article provides an in-depth exploration of the theoretical frameworks that underpin entrepreneurial opportunity recognition. Drawing on cognitive, resource-based, effectuation, and network theories, we examine the intricate interplay of cognitive processes, resource leveraging, decision-making principles, and social networks in shaping how entrepreneurs identify and capitalize on opportunities. The cognitive approach highlights the role of perception and intuition, showcasing how entrepreneurs draw connections between disparate information to identify market gaps. The resource-based view emphasizes the strategic deployment of unique resources and capabilities, illuminating the link between competitive advantage and opportunity recognition. Effectuation theory introduces a dynamic perspective, where entrepreneurs use their existing means to co-create opportunities amidst uncertainty. Network theory underscores the significance of social networks in uncovering novel opportunities, revealing the importance of weak ties and network structures. The factors influencing entrepreneurial opportunity recognition span individual traits and characteristics, environmental cues, cognitive biases, and heuristics. We delve into how personality traits, risk tolerance, and expertise shape an entrepreneur's lens. Environmental factors, including industry trends and regulatory contexts, create windows of opportunity that entrepreneurs can leverage. Additionally, cognitive biases such as overconfidence and confirmation bias either aid or hinder the recognition process. Practical implications emerge for aspiring entrepreneurs and ecosystem supporters. Tailoring education and training to enhance creativity, risk assessment, and cognitive awareness can foster more effective opportunity recognition. Moreover, vigilance in monitoring industry trends, anticipating market gaps, and understanding economic and cultural contexts can enhance an entrepreneur's ability to spot emerging opportunities. This exploration prompts future research inquiries into the interplay between multiple theoretical perspectives and the evolving nature of opportunity recognition. As entrepreneurial landscapes continue to evolve, understanding these theoretical frameworks equips entrepreneurs with a comprehensive toolkit to navigate the intricate terrain of opportunity recognition and seize the untapped potential within the business landscape.

How mumpreneurs achieve high entrepreneurial opportunity recognition and development: Evidence from China

There is a noticeable dearth of specific research focusing on female entrepreneurship, particularly concerning women with young children who play a crucial role in developing countries and exhibit higher levels of entrepreneurship compared to those without children. This study investigates the factors influencing entrepreneurial opportunity recognition and development (EORD) among Chinese mumpreneurs within the framework of the triadic reciprocal determinism theory. By employing a combination of multiple regression analysis, fuzzy-set qualitative comparative analysis, and necessary condition analysis, this study identifies the antecedent conditions that are both sufficient and necessary for recognising and developing an entrepreneurial opportunity. The findings indicate that innovativeness, network capability, social support, family interference with entrepreneurship, and digital entrepreneurship exert significant influences on the EORD process, and can be categorised into three distinct high EORD pathways. Notably, innovativeness emerges as a crucial factor in this process. Additionally, for mumpreneurs, the contextual factors embedded in the social structure must not be disregarded. Particularly within the traditional social division of labour system, society exerts a rigid impact on mumpreneurs, and the substantial familial responsibilities they bear also present challenges. However, amidst this predicament, digital technology creates new possibilities for them.

To Explore or to Exploit? Opportunities, Dynamic Capabilities, and Performance of Maritime Enterprises in Ghana

ABSTRACT This study investigates how the recognition and exploitation of entrepreneurial opportunities influence small business performance via interactions with firm-level innovation capability and learning orientation. We frame the study within the maritime-sector context and seek to contribute to the understanding of how the interplay between opportunity recognition, exploitation, innovation capability and learning orientation affects the entrepreneurial performance of local businesses when there is a technological policy change. The study further frames its arguments from a dynamic capability perspective and tests its arguments with data from 284 local businesses operating in the Port of Tema. Findings reveal that opportunity exploitation and learning orientation as well as their interplay have a positive and significant effect on entrepreneurial performance. The study consequently presents local micro-entrepreneurial reactions to macro-level policy changes within the maritime sector – an issue that has largely remained uninvestigated in the African business literature due to maritime blindness.

Nexus of Cultural Entrepreneurship and Digital Musicality: Exploring Afro-Diasporic Music Entrepreneurship in the Digital Music Industry

This article presents a theoretical framework called the Nexus of Cultural Entrepreneurship and Digital Musicality (CEDM) to explore the intersection of migratory entrepreneurship, Afro-Diasporic music entrepreneurship, and emerging digital music platforms. The framework integrates concepts from cultural studies, entrepreneurship, musicology, and intercultural communication to analyze the entrepreneurial processes and cultural dynamics within the evolving landscape of digital music. The framework sheds light on the factors influencing migratory entrepreneurship and Afro-Diasporic music entrepreneurship within the digital music industry through its examination of these entrepreneurial endeavors. Key concepts such as migratory entrepreneurship, Afro-Diasporic music entrepreneurship, entrepreneurial opportunity recognition, cultural dynamics, and the role of technology and digital platforms are discussed, providing operationalized definitions for terms relevant to the study, such as music multimedia production, intercultural empathy, translatability, and Afro-Diasporic music entrepreneurship. Furthermore, the article explores the challenges faced by Afro-Diasporic musicians in the music multimedia production industry and proposes innovative approaches to overcome these challenges. Opportunities discussed include embracing cultural authenticity, collaborating across borders, harnessing technological advancements, engaging with online communities, leveraging social media platforms, and building sustainable business models. The study aims to contribute to the understanding of migratory entrepreneurship, Afro-Diasporic music entrepreneurship, and cultural exchange within the digital music industry by analyzing theoretical perspectives and practical approaches. It seeks to guide researchers, practitioners, and policymakers in fostering inclusive and innovative entrepreneurial ecosystems. In addition, the article presents an overview of nine compelling suggestions for future research in the field of empowering Afro-Diasporic musicians within the music multimedia production industry. These research directions aim to shed light on various aspects of the industry, addressing gaps in knowledge and providing valuable insights into the challenges faced by Afro-Diasporic musicians. The study aims to develop effective strategies, policies, and interventions that foster inclusivity, equality, and opportunities for Afro-Diasporic musicians in the rapidly evolving music multimedia landscape by exploring various areas such as socio-economic factors, representation and diversity, cultural preservation and innovation, digital platforms and technology, collaborative practices, the impact of social media, and more. The proposed research methodologies ensure robustness and validity in investigating these important topics, enabling researchers to contribute to the development of an empowering and supportive ecosystem for Afro-Diasporic musicians in the music multimedia production industry.

Research on the Mechanism of the Role of Big Data Analytic Capabilities on the Growth Performance of Start-Up Enterprises: The Mediating Role of Entrepreneurial Opportunity Recognition and Exploitation

With the advent of the era of big data, the application of big data analytics in entrepreneurial activities has become increasingly prevalent. However, research on the relationship between big data analytic capabilities and entrepreneurial activities is still in its infancy, and the mechanism by which the two interact remains unclear. Drawing on resource-based theory and entrepreneurial process theory, this research examines the impact mechanism of big data analytic capabilities on the growth performance of start-up enterprises and explores the mediating role of entrepreneurial opportunity recognition and entrepreneurial opportunity exploitation. Empirical analysis reveals that big data analytic capabilities have a significant positive impact on the growth performance of start-up enterprises; entrepreneurial opportunity exploitation plays a mediating role in the relationship between big data analytic capabilities and the growth performance of start-up enterprises, but entrepreneurial opportunity recognition does not show a significant mediating effect between the two; and entrepreneurial opportunity recognition and entrepreneurial opportunity exploitation play a chain-mediated role in the relationship between big data analytic capabilities and the growth performance of start-up enterprises. These research findings enrich the study of digital entrepreneurship and provide valuable references for the entrepreneurial practice of start-up enterprises.

Growing From Emerging Entrepreneurs into Brands: A Systematic In-depth Literature Review of the Psychological Factors

The purpose of the study is to identity and develops a comprehensive construct for the entrepreneurs in Pakistani context. The study has used qualitative review to highlight the reasons of entrepreneurship and issues faced by emerging entrepreneurs in Pakistan. The study intended to investigate the extant literature on Entrepreneurial Opportunity Recognition. The researchers focused on reputed and leading journals in order to contribute in a more objective manner. A comprehend review indicates that not just entrepreneurial factors but also shows how setups are branded. The study also highlights a comprehensive psychological model for quantitative testing. The previous studies only shows the importance and factors of entrepreneurship, however, this study also have highlighted the reasons for branding in emerging entrepreneurship. The study will impact to elaborate clearly on the information's about not only entrepreneurship but also the directions towards branding.

Entrepreneurial Leadership and Entrepreneurial Success: The Mediating Role of Entrepreneurial Opportunity Recognition and Innovation Capability

Micro-, small, and medium enterprises (MSMEs) play a crucial role in the economic growth of emerging markets. This study examines the effect of entrepreneurial leadership (EL) on the entrepreneurial success (ES) of MSMEs in Malaysia through the mediating effect of entrepreneurial opportunity recognition (EOR) and innovation capability (IC). To examine the proposed mediation model, we utilized a structured questionnaire to collect data for this quantitative research. Partial least square-structural equation modeling (SEM) was used to test the hypothesis on a sample of 401 micro-business owners/managers in Malaysia. The findings reveal that an EL has a significant positive effect on ES but is conditional on the mediating role of EOR and IC. However, the results show that EOR and IC partially mediate the link between EL and ES. Additionally, EOR and IC serially mediated the relationship between EL and ES. This research has valuable contributions to MSMEs by explaining EL, EOR, and IC’s critical role in gaining competitive advantage and achieving success. This research develops a theory-based mediation model to demonstrate how the EL and ES of MSMEs are related. Further, the model in this study adds to the body of knowledge by examining whether or not serial mediation occurs through EOR and IC. Hence, this research sheds new light on the relationship between EL and ES.

The interaction between exploratory behaviours and entrepreneurial opportunity recognition by agriculture students: The mediating role of strategic learning and mindfulness

ABSTRACT This study aimed to investigate the interaction between exploratory behaviours and entrepreneurial opportunity recognition among agriculture students mediated by strategic learning and mindfulness. The study was conducted on agriculture students of Bu-Ali Sina University in Hamadan, Iran (N = 420). The sample was 200 people taken by the simple randomisation technique. The assessment tool was a standard questionnaire whose face and content validity was confirmed by entrepreneurship experts and its reliability was estimated by conducting a pilot study. The findings showed that exploratory behaviours had a positive and significant effect on entrepreneurial opportunity recognition, mindfulness, and students’ strategic learning. Also, mindfulness influenced entrepreneurial opportunity recognition positively and significantly. However, the effect of strategic learning on entrepreneurial opportunity recognition was insignificant. It can be concluded that exploratory behaviours can influence students’ mindfulness and strategic learning and students’ exploratory behaviours and mindfulness lead to discovering entrepreneurial opportunities.

Research on the influence of entrepreneurial mentor support behavior on college students' entrepreneurial opportunity identification

Entrepreneurship mentors are important external support for the success of first-time entrepreneurs. As the source of entrepreneurial vitality in China, it is necessary for college students to support and guide their entrepreneurship. Based on this, from the perspective of specific entrepreneurial activities, this paper discusses how entrepreneurial tutor support can help college students identify entrepreneurial opportunities, so as to stimulate college students' entrepreneurial vitality and improve their entrepreneurial success rate. In addition, based on the information processing theory, this study introduced self-esteem as a mediator to build a theoretical model of entrepreneurial mentor support behavior on college students' entrepreneurial opportunity recognition. 140 survey data show that entrepreneurial mentor support behavior has a significant positive impact on college students' entrepreneurial opportunity recognition and self-esteem plays a mediating role between the two. The research results are conducive to the government departments and universities to improve the entrepreneurship tutor system according to the actual situation, and stimulate the entrepreneurial passion of college students.