Discovery, discernment, and exploitation: Entrepreneurial mechanisms at the nexus of individual and opportunity

نویسندگان

چکیده

Research Summary Extending the opportunity-discovery perspective on Kirznerian entrepreneurship, we propose a general framework in which new businesses emerge from three distinct mechanisms situated at individual-opportunity nexus: discovery, discernment, and exploitation. We observing opportunities market exchanges characterizing their profitability potential based component that is common to all observers one specific individual who vary access information. Analysis of an online platform for freelance labor demonstrates our contributions theory, measurement, inference. In this context, discovery exploitation shape individuals' entrepreneurial transitions freelancer founder. discuss applications across settings, extensions other types viability opportunity as orienting construct entrepreneurship research. Managerial Entrepreneurial are present markets but there no systematic way or valuing such opportunities, much less predicting where when they become basis businesses. doing with data commonly collected archived by platforms. acknowledge often founded if right place time; can distinguish great good (or bad) one; capable making market. Our makes each these intuitions empirically distinct, thus offering insights where, when, whom likely be founded.

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ژورنال

عنوان ژورنال: Strategic Management Journal

سال: 2023

ISSN: ['0143-2095', '1097-0266']

DOI: https://doi.org/10.1002/smj.3528