Entrepreneurial Opportunity Recognition Research Articles

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

Entrepreneurship education (EE) plays a significant role on improving the entrepreneurial intention and willingness of youth and future entrepreneurs. This study aims to identify the effects of entrepreneurship education on the entrepreneurial intention of students in higher education institutions in China. A structural equation is used to analyze data collected from 406 Chinese students from business and management majors across 5 universities. Entrepreneurial opportunity recognition and self-efficacy were introduced as the mediating variable in this model. Results showed that 1) EE has a positive effect on the entrepreneurial intentions of the students, 2) partly mediating effects of entrepreneurial opportunity recognition and mediating effect of self-efficacy were found between Entrepreneurship education (EE) and entrepreneurial intentions (EI). The findings suggest that educational institutions should place a greater emphasis on entrepreneurship education and the recognition of business opportunities in order to promote entrepreneurial intent among students. Although a longitudinal study may be necessary to understand the long-term effect of entrepreneurship education, through empirical evidence this study demonstrates that the perception of entrepreneurship education among Chinese college students significantly influences entrepreneurial self-efficacy and indirectly influences entrepreneurial intention.

The role of networks in opportunity recognition in the tourism industry: insights from restaurateurs in Austria

Social networks are drivers of opportunity recognition. However, far too little attention to the social networks and entrepreneurial opportunities is paid to the tourism industry. Besides that, recent development in societies is digitalisation. Digital transformation has drastically changed individuals lifestyles and entrepreneurial practices, unlocking novel connectivity and networking. This study draws on the social network theory to explore the effects of offline and online networks on entrepreneurial opportunity recognition in the tourism industry, specifically in the foodservice segment. The study uses a qualitative case study approach to collect data from restaurateurs in Austria. The empirical evidence reveals a two-dimensional effect of networks on opportunity recognition. The paper proposes an integrated framework to comprehend the nature of social networks in entrepreneurship. It provides a relevant theory for the tourism entrepreneurship process and education. The study also generates new applicable insights suitable for enhancing opportunity recognition ability, creating and operating high-growth-potential ventures.

The Impact of Human Capital and Social Capital on the Recognition of Entrepreneurial Opportunities for Women SMEs Entrepreneurs in Medan

With the transformation of the industrial economy into a science-based economy, the notion of assets has altered. Intellectual capital is the foundation of a science-based economy. Intellectual capital may also be defined as a management technique utilized by a company to produce money and accomplish results. To accomplish the success of women entrepreneurs in the city of Medan, business actors may use resources such as human capital, and business actors can hire competent and knowledgeable workers to boost the company's performance. Social capital is a rich source of knowledge that helps individuals to find various goal combinations while developing a new product or service for a specific market. This study's population consists of MSME Women Entrepreneurs in Medan City. The study sample consisted of 62 persons who were registered with the Medan City Trade Office. Multiple Linear Regression is a data analysis approach. The goal of this study was to examine the impact of Human Capital and Social Capital on Entrepreneurial Opportunity Recognition of Medan City's Women MSME Entrepreneurs. Keyword : Intellectual Capital, Human Capital, Social Capital, Entrepreneurial Opportunity Recognition, Woman Entrepreneurs, SMEs

The Impact of Human Capital and Social Capital on the Recognition of Entrepreneurial Opportunities for Women SMEs Entrepreneurs in Medan

With the transformation of the industrial economy into a science-based economy, the notion of assets has altered. Intellectual capital is the foundation of a science-based economy. Intellectual capital may also be defined as a management technique utilized by a company to produce money and accomplish results. To accomplish the success of women entrepreneurs in the city of Medan, business actors may use resources such as human capital, and business actors can hire competent and knowledgeable workers to boost the company's performance. Social capital is a rich source of knowledge that helps individuals to find various goal combinations while developing a new product or service for a specific market. This study's population consists of MSME Women Entrepreneurs in Medan City. The study sample consisted of 62 persons who were registered with the Medan City Trade Office. Multiple Linear Regression is a data analysis approach. The goal of this study was to examine the impact of Human Capital and Social Capital on Entrepreneurial Opportunity Recognition of Medan City's Women MSME Entrepreneurs. Keyword : Intellectual Capital, Human Capital, Social Capital, Entrepreneurial Opportunity Recognition, Woman Entrepreneurs, SMEs

A framework for the opportunity recognition process in UK entrepreneurial universities

This study aims to develop an empirical framework for the opportunity recognition process in UK entrepreneurial universities. Initially, a conceptual framework was developed resulting from reviewing the literature relating to the factors that determine the opportunity recognition process as well as the factors that differentiate entrepreneurial universities. The framework was also affected by the principles of Resource-Based Theory (RBT), which underpins the present study. A multiple case study approach was adopted to validate the above-mentioned framework. Data was collected by using three main methods: website content, documented secondary data, and twenty-five semi-structured in-depth interviews with enterprise/entrepreneurship centres directors and academic deans (each lasted between 41 and 109 min). Two techniques were used to analyse the data: Template Analysis (TA) and Framework Analysis. The findings show that in addition to the identification of the factors that determine the opportunity recognition process, it is vital to consider the context when recognizing entrepreneurial opportunities, and it is important to find an optimal mixture of resources/capabilities to guarantee effectiveness in the process of entrepreneurial opportunity recognition.

Influence of Social Network Strength on Entrepreneurial Opportunity Recognition: A Chain Mediation Model of Need Knowledge and Technological Knowledge

Entrepreneurial opportunity recognition is a key focus of entrepreneurship research and has received considerable attention in recent years. Previous research has highlighted that social network strength, need knowledge, and technological knowledge are important factors in entrepreneurial opportunity recognition and that these factors in isolation cannot sufficiently explain how entrepreneurial opportunities are recognized. Nonetheless, little is known about the effect that social network strength may exert on entrepreneurial opportunity recognition through need knowledge and technological knowledge. Building on social network theory, this study develops and examines a chain mediation model that incorporates need knowledge and technological knowledge into the relationship between social network strength and entrepreneurial opportunity recognition. The results of this study demonstrate that the effect of social network strength on entrepreneurial opportunity recognition can be partitioned into the direct and indirect effects. In particular, the effect of social network strength on entrepreneurial opportunity recognition is mediated by need knowledge, not by technological knowledge. Moreover, need knowledge and technological knowledge play a continuous mediating role in the relationship between social network strength and entrepreneurial opportunity recognition. These findings extend the entrepreneurial opportunity recognition literature by casting light on the knowledge conduits linking social network strength to entrepreneurial opportunity recognition.

Multiple intelligence and entrepreneurial opportunity recognition – a failsafe approach of neuromarketing

Purpose This paper aims to clarify the relationship between multiple intelligence (MI) and entrepreneurial opportunity recognition. It discusses to what extent each dimension of MI is considered as an activation driver of entrepreneurial opportunities recognition. This paper also aims to expand the domain of entrepreneurial opportunities recognition via MI by considering the mediating role of neuromarketing perception, adopting a combined perspective of intelligence, entrepreneurship and also neuromarketing to provide a future direction for the creation of interdisciplinary insights in the area of entrepreneurship. Design/methodology/approach This paper opted for literature synthesis to define key concepts surrounding MI and entrepreneurial opportunities recognition. Besides, it also attempted to identify an influential mediator in explaining the entrepreneurial opportunities recognition phenomenon. Consequently, this paper identified the gaps in current research to draw upon a more holistic conceptual framework. The rationale for the research was justified within the body of research. Findings This paper suggested research propositions based on the literature synthesis in view of MI and entrepreneurial opportunities recognition. More specifically, it has proposed a conceptual framework, explaining the relationship between a multi-dimensional view of both MI and entrepreneurial opportunities recognition. It is envisaged that the mediating role of neuromarketing perception incorporated in this conceptual work will improve the predictive value of the proposed framework and offer additional insights about factors that advance entrepreneurial opportunities recognition. Research limitations/implications This paper suffers from the obvious limitation of lacking empirical investigation. However, it does provide a theoretical rationale for the argument that entrepreneurial opportunities recognition can be advanced if MI are identified and associated with neuromarketing dimensions. Perhaps the most important direction for future research is further extension and validation of this framework by performing an empirical investigation to produce newer insights into this phenomenon. Originality/value This conceptual work is different from previous studies on the grounds it has considered unexplored issues in explaining entrepreneurial opportunities recognition. To bridge the critical knowledge gap of the entrepreneurial opportunities recognition phenomenon, a mediating effect of neuromarketing perception is also integrated within the model. The proposed model was neither formulated nor tested empirically in previous studies locally or perhaps globally, therefore it stands out as an original contribution incorporating MI and entrepreneurial opportunities recognition phenomenon while considering the brain activity through neuromarketing perception.

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

Drawing on the theories of open innovation and entrepreneurship, this paper discusses the action mechanism of digital platform openness (DPO) on the recognition of entrepreneurial opportunities (EOR) and the integration of entrepreneurial resources (ERI) and explores the boundary conditions of this mechanism. Several hypotheses were put forward and verified by analysing 302 valid questionnaires. The results show that the breadth and depth of DPO positively affect EOR and ERI; these positive effects are positively moderated by the service level of the digital platform. The research findings provide a reference to digital platform enterprises to decide on platform opening strategy and platform service optimization.

The Integrated Role of Personal Values and Theory of Planned Behavior to Form a Sustainable Entrepreneurial Intention

Intentions have been described as a key driver of sustainable entrepreneurial opportunity recognition and eventually activity. As a result of this study, interest may increase in entrepreneurship intentions across numerous entrepreneurial levels and styles, specifically from the point of view of sustainability. However, research to date has not been able to completely determine how the intrinsic complications of instantaneously producing social, environmental, and economic means will have an impact on the intentions of university students. This study sought to inspect the impact of self-transcending and self-enhancing value on the advent of intentions. The theory of planned behavior is an adaptive theory that this study quantitatively analyzed using a structural equation model and survey data from 577 university students in Punjab, Pakistan. The empirical findings show that altruistic, biospheric, hedonic, and egoistic values all have an indirect effect on sustainability-driven entrepreneurial intentions, which is important to understand when assessing attitudes toward sustainable entrepreneurship and perceived behavior control. In essence, attitudes, perceived behavior, and social norms all affect aspirations to become a sustainable entrepreneur. In real-world terms, the findings indicate that by using value activation techniques to increase attitudes and educational interest, practitioners may promote sustainable entrepreneurial intentions. It is also suggested how government services could be improved as part of the strategy.

Who really acts as an entrepreneur in the science commercialisation process: the role of knowledge transfer intermediary organisations

PurposeConsistent with the knowledge spillover theory of entrepreneurship, the purpose of this paper is to recognise the complementary entrepreneurial role of knowledge transfer intermediary organisations in the context of two Central and Eastern European (CEE) countries: Poland and the Czech Republic.Design/methodology/approachThe aim was achieved through empirical studies relying on multiple-case study methodology and cross-case analysis covering 21 cases of commercialisation intermediary institutions. It was assumed that institutional and geographical conditions can impact the knowledge-based opportunity exploitation between different national economies.FindingsResearch confirmed that scientists in Poland and the Czech Republic are the central figures of the commercialisation process in terms of entrepreneurial opportunity recognition; however, they need support from intermediary organisations in many other entrepreneurial activities. The history of knowledge commercialisation and its intermediating entities in these countries is relatively young and spin-off company creation is not a common practice. Expertise knowledge, creativity and self-confidence admitted, by the respondents in both countries, can be an optimistic sign for the future efforts in fostering innovativeness of CEE countries. Stronger support of formal institutional framework and policies in those countries is expected.Originality/valueScience commercialisation has lately attracted much attention, but only a few studies have tried to develop conceptual frameworks considering knowledge-based entrepreneurship and knowledge commercialisation in their relations and subsequential roles. Also, over the past couple of years literature in this area has expanded mainly relying on observations in the USA and Western European countries. Hence, this study allowed to collect findings from CEE countries for which data are still insufficient but can significantly contribute to the theory development. Also, some recommendations for policymakers arise from this study. Further research could validate the results in an extensive quantitative study.

Entrepreneurial opportunity recognition: a bibliometric overview and clustering analysis

PurposeEntrepreneurship is the driving force of countries for sustainable economic development. The importance of this issue is to the extent that in recent years, countries have made great efforts to develop their entrepreneurial ecosystem. But the starting point for entrepreneurship is when an opportunity is identified and the entrepreneur rises to use it. Accordingly, opportunity recognition will be the foundation of entrepreneurship and ultimately sustainable development. Given the importance of this topic, this paper attempts to provide a large picture of the studies conducted in this field.Design/methodology/approachGiven the importance of this topic, this paper attempts to provide a large picture of the studies conducted in this field by reviewing 868 articles published on the Web of Science database in the field of opportunity recognition. Accordingly, using statistical descriptions of articles, analyzing the communication network among elements such as authors, countries, institutions, keyword analysis in articles and examining their trends over time, identifying the most important articles using co-citation analysis and finally this macroimage has been mapped, clustered and identified in leading articles in the last decade by co-citation clustering.FindingsThe results of the clustering show that the five main clusters of recent decades have included entrepreneurial characteristics and opportunity recognition, macroeconomic opportunity recognition cluster (community and impact on economic development of the country), opportunity recognition process cluster, opportunity recognition cluster in serial and intra-entrepreneurship and opportunity recognition cluster in new venture internationalization.Originality/valueUsing a bibliometric analysis and co-citation analysis in the field of opportunity recognition and making a big picture of studies in this field of study is a contribution that can be used for future studies and researchers and managers in this field.

Impact of Self-Regulated Learning on Entrepreneurial Opportunity Recognition and Academic Entrepreneurship Performance

The ratio of academic scientists to the labor force in Malaysia has increased. However, the contribution of academic scientists to commercialize research discoveries remains limited. Successful research commercialization or university technology transfer requires entrepreneurial effort that may involve skills beyond the traditional roles of academics. The ability to identify the commercial opportunity of research, i.e. entrepreneurial opportunity recognition, has been proven to be a critical skill for an academic entrepreneur. Earlier findings in this area would have been far more useful if the antecedents of entrepreneurial opportunity recognition were recognized. Although self-regulated learning has been inferred to as informal entrepreneurship education for academic entrepreneurs, there has been a lack of evidence on how it influences their academic entrepreneurship performance. This paper examined the characteristics of academic entrepreneurs and the key success factors, whether academics’ opportunity recognition ability is influenced by their self-regulated learning behavior. A quantitative research design was employed based on a case study of a technological university in Malaysia involving 115 academic entrepreneurs. Structural equation modeling analysis results revealed that academics’ opportunity recognition and social capital are the most important determinants of their academic entrepreneurship performance. The efficiency of the Technology Transfer Office and the ease of securing funding play influential roles too, but to a smaller extent. Most importantly, opportunity recognition is strengthened by self-regulated learning, through frequent deliberate practices in information and knowledge seeking that enable scientists to be more creative and innovative in translating research into marketable products and technology.

Technology and Entrepreneurial Marketing Decisions During COVID-19.

The prime concern of this study is to explore how technology influences entrepreneurial marketing decisions during the world pandemic (COVID-19). The study uses a sample of 127 SMEs from Bangladesh. Data were collected by sending out questionnaires electronically and by mail. Smart PLS (SEM) 3.0 was used to analyse the data following the quantitative method. The study reveals positive and significant relationships between entrepreneurial opportunity recognition, opportunity development and opportunity exploitation with their entrepreneurial marketing decisions. It also claims that entrepreneurial passion mediates the relationship between entrepreneurial opportunity recognition and opportunity development with their entrepreneurial marketing decisions. However, entrepreneurial passion does not mediate the relationship between entrepreneurial opportunity exploitation and entrepreneurial marketing decisions. The study offers researchers a broader and more wide-ranging view of the importance of artificial intelligence in small firms. Researchers, educators and practitioners will benefit from the findings. The analyses are more complex and varied than the methodologies used in most of the limited previous research.

PERAN PENDIDIKAN KEWIRAUSAHAAN TERHADAP INOVASI MAHASISWA YANG DIMEDIASI PENGENALAN PELUANG WIRAUSAHA

This research aims to find out and analyze the role of mediation from the introduction of entrepreneurial opportunities to entrepreneurial education and innovation. This research is quantitative research with survey method. The research population is students majoring in economic education siliwangi University with the number of respondents taken amounted to 183 respondents using the formula Slovin and purposive sampling techniques. The data has been collected and processed using track analysis techniques. The results of the analysis prove that the variables of entrepreneurial education and entrepreneurial opportunities recognition have a significant influence on innovation, as well as the role of entrepreneurial opportunities recognition capable of mediating entrepreneurial education to innovation. This means that entrepreneurial education variables influence innovation mediated by entrepreneurial opportunities recognition. The results of this study provide implications that with entrepreneurial opportunities recognition can help students know their entrepreneurial orientation by being encouraged by the entrepreneurial education obtained in the study so that students can foster innovation in students. Keywords: Entrepreneurship Education, Innovation, Entrepreneurial Opportunities Recognition.

The role of intellectual capital on entrepreneurial opportunity recognition among SMEs in the Sultanate of Oman

PurposeThis study aims to investigate the role of the components of intellectual capital (IC) on entrepreneurial opportunity recognition among small and medium enterprises (SMEs) in the Sultanate of Oman. The interrelationships of these components are also examined.Design/methodology/approachThe study used quantitative research methods. Data were collected using structured questionnaires from a sample of 347 respondents from SMEs operating in Oman. Structural equation modeling was employed to examine the hypotheses using partial least square technique.FindingsThe analysis results demonstrate that structural capital, relational capital and spiritual capital have significant relationships with entrepreneurial opportunity recognition. Meanwhile, human capital has no relationship with either entrepreneurial opportunity recognition or spiritual capital. Intriguingly, significant interrelationships are observed among IC's components.Practical implicationsThis study offers useful managerial implications for the related parties: firms, public institutions and other stakeholders. The findings could be a guideline for SME managers/owners to recognize the right entrepreneurial opportunity.Originality/valueTo the best of our knowledge, this study is the first to reveal the relationships between the tripartite model of IC and entrepreneurial opportunity recognition. This study is also the first to test the interrelationship of spiritual capital on other intellectual components.

Entrepreneurial opportunity recognition: an empirical study in Iranian agriculture sector

Entrepreneurial opportunity recognition: an empirical study in Iranian agriculture sector

Sanitary napkin manufacturing units: creating entrepreneurial opportunities for rural females

This paper focuses on an entrepreneurial solution to a daunting problem of non-usage of sanitary napkins among rural females of developing countries, and the reason behind it. It encompasses an action research to understand if there can be a viable entrepreneurial opportunity amidst the taboo of menstruation. To understand the reason for non-usage of sanitary napkins, the research draws on literature to identify independent variables which are: accessibility, affordability and awareness. A sample of 500 rural females was taken in two days. Data was collected through administered questionnaire and was nominal in nature. Chi-square and pseudo R-square tests were applied to the data and accessibility had a significant loading on the dependent variable. The finding has a significant implication on rural business development through entrepreneurial opportunity recognition.

Entrepreneurial opportunity recognition: an empirical study in Iranian agriculture sector

Entrepreneurial opportunity recognition: an empirical study in Iranian agriculture sector

Predicting entrepreneurial opportunity recognition in higher education: a case from Iran

PurposeAlthough extensive governmental efforts have taken place to promote entrepreneurship in Iran, based on global entrepreneurship monitor report, the rate of perceived opportunities among young people, especially those with university education, has dropped. Since the perceived entrepreneurial opportunities are the first and most important step in the entrepreneurship process, this study identified the factors affecting the entrepreneurial opportunity recognition in Iranian higher education.Design/methodology/approachThe statistical population included 127 senior undergraduate students in all majors of agriculture at Ilam University. The sample size was determined by using the Krejcie and Morgan’s (1970) sampling table to be 100 senior undergraduate agriculture students at Ilam University, Ilam province, Iran, selected through a stratified random sampling technique.FindingsThe results showed that the perceived entrepreneurial opportunity among students was moderately low. According to structural equation modeling, the alertness, human capital, social capital and environmental support variables had a positive and significant effect on the entrepreneurial opportunity recognition.Research limitations/implicationsRegarding the research implications, the present study, with providing and testing a model for developing the entrepreneurial opportunity recognition among students in a developing country (Iran) with diverse cultures and values, has improved the literature of entrepreneurship in higher education.Practical implicationsBased on results instructors in higher agricultural education can use active teaching and learning methods, such as creating ideas, experiential and service learning, teamwork and practical work, critical thinking and problem-solving in education. Also, financial, technical and consultative support of instructors and managers in agricultural colleges to implement, launch and commercialize agricultural students' entrepreneurial ideas and projects is needed.Originality/valueThe findings indicated the importance of alertness, human capital, social capital and environmental support on the entrepreneurial opportunity recognition among students. Findings showed that ecological approach could be used to develop students' entrepreneurial opportunity recognition.

Wealth creation challenges – M/s. A. N. Gandhi

Research methodology The case was created through personal interviews of the proprietor, Arzan Gandhi. The authors also researched data for investment advisory business along with current events relating to Indian stock market and its performance. Case overview/synopsis The case explores the fascinating entrepreneurial journey of Arzan Gandhi, 62 years old, from a cotton mill worker to an owner of a reputed investment advisory firm, “M/s A. N. Gandhi” in Ahmedabad, India. Reflecting upon the experiences that empowered Gandhi’s success in investment advisory business, students acquire an insight of real wealth creation challenges in business. Gandhi had to set the right priorities to take his business to the next level with intensified competition in the financial advisory field. Complexity academic level The case is best suited for graduate and post-graduate level courses on personal finance, financial planning elective or entrepreneurship. It is useful for teaching lessons on how financial planning and strategic decisions taken, through entrepreneurial traits and opportunity recognition helps in wealth creation and taking a venture to new heights.