Abstract
Organizational sustainability has been a major theme in shaping global business arena in which entrepreneurship as the cornerstone. This also has forced entrepreneurship to become an important driver to the government initiative to implant entrepreneurial competencies as its organizational culture. In relation to the development, public universities are urged to diversify their income generation from various sources as to promote financial sustainability through entrepreneurship. Therefore, the readiness of the members of the organization for such environment is crucial. It is important for the university to engage with opportunity identification or creation as it can lead to income generation and profitability. This paper examined the relationship between entrepreneurial competency, social capital, experience and knowledge with opportunity identification and creation. Both academic and non-academic staffs were involved in the study. Findings show that entrepreneurial competency, social capital, experience and knowledge found to be positively significant towards opportunity identification and creation.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Abdullah, F., Hj Hamali, J., Deen, A., Saban, G., & Abdurahman, A. A. (2009). Developing a framework of success of Bumiputera entrepreneurs. Journal of Enterprising Communities: People and Places in the Global Economy, 3(1), 8–24.
Alvarez, S. A., & Barney, J. B. (2007). Discovery and creation: Alternative theories of entrepreneurial action. Organizações em contexto, 3(6).
Ardichvili, A., Cardozo, R., & Ray, S. (2003). A theory of entrepreneurial opportunity identification and development. Journal of Business Venturing, 18, 105–123.
Baron, R. A. (2006). Opportunity recognition as pattern recognition. Academy of Management Perspectives, 104–118.
Berglund, H. (2007). Opportunities as existing and created: A study of entrepreneurs in the Swedish mobile internet industry. Journal of Enterprising Culture, 15(3), 243–273.
Corbett, A. C. (2005). Experiential learning within the process of opportunity identification and exploitation. Entrepreneurship Theory and Practice, 29, 473–491.
Dang, R. J., & McKelvey, M. (2016). Knowledge management processes and the formation of entrepreneurial opportunities. Journal of Innovation Economics & Management, 31–59. doi:10.3917/jie.019.0031.
Davidsson, P., & Honig, B. (2003). The role of social and human capital among nascent entrepreneurs. Journal of Business Venturing, 18,(3) 301–331.
De Jong, J. P., & Marsili, O. (2010). Schumpeter versus Kirzner: An empirical investigation of opportunity types. EIM Research Reports.
Gaglio, C. M., & Katz, J. A. (2001). The psychological basis of opportunity identification: entrepreneurial alertness. Small Business Economics, 16(2), 95–111.
Hair, J. F., Black, W. C., Babin, B. J., Anderson, R. E., & Tatham, R. L. (2006). SEM: confirmatory factor analysis. Multivariate data analysis. Pearson Prentice Hall, Upper Saddle River, 770–842.
Holcombe, R. G. (2003). The origins of entrepreneurial opportunities. The Review of Austrian Economics, 16(1), 25–43.
Kirzner, M. I. (1999). Creativity and/or alertness: A reconsideration. Review of Austrian Economics, 5–17.
Krejcie, R. V., & Morgan, D. W. (1970). Determining sample size for research. Educational and Psychological Measurement, 30, 607–610.
Krizner, I. (1973). Competition and Entrepreneurship. Chicago and London: University of Chicago Press.
Kuivaniemi, L. (2010). Evaluation and reasoning in the entrepreneurial opportunity process: Narratives from sex industry entrepreneurs. Studies in Business and Economics, 18–52.
Leonie, B. (2013). Entrepreneurial experience and opportunity identification: the role of intuition and cognitive versatility. Retrieved from http://wrap.warwick.ac.uk/58187/.
Levinthal, D. A. (1997). Adaptation on rugged landscapes. Management Science, 43(7), 934–950.
Li, Y., Wang, P., & Liang, Y. J. (2015). Influence of entrepreneurial experience, alertness, and prior knowledge on opportunity recognition. Social behavior and personality an International Journal, 43(9), 1575–1584.
Myint, Y. M., Vyakarnam, S., & New, M. J. (2005). The effect of social capital in new. Strategic Change, 165–177.
Nahapiet, J., & Ghosal, S. (1998). Social capital, intellectual capital and the organizational advantage. Academy of Management Review, 23(2), 242–266.
Naldi, L., Nordqvist, M., Sjöberg, K., & Wiklund, J. (2007). Entrepreneurial orientation, risk taking, and performance in family firms. Family business review, 20(1), 33–47.
Nunnally, C. (1978). Psychometric theory, 2nd Edition New York: McGraw-Hill.
Penrose, E. T. (1959). The theory of the growth of the firm. Oxford: Oxford University Press.
Sarasvathy, D. S. (2001). Causation and effectuation: Toward a Theoretical Shift from Economic Inevitability to Entrepreneurial Contingency. Academy of Management Review, 243–263.
Shane, S. (2000). Prior Knowledge and the discovery of entrepreneurial opportunities. Organization Science, 11(4), 448–469.
Shane, S. A. (2003). A General Theory of Entrepreneurship: The Individual-opportunity Nexus. New horizons in entrepreneurship. Northampton, MA: Edward Elgar.
Sharma, Y. (2015). Universities bear the brunt of cuts as economy slows. University World News, 388(00424). Retrieved August 23, 2016, from http://www.universityworldnews.com/article.php?story=20151029210957170.
Von Hippel, E. (1994). “Sticky information” and the locus of problem solving: implications for innovation. Management science, 40(4), 429–439.
Wilson, F., Kickul, J., & Marlino, D. (2007). Gender, entrepreneurial self‐efficacy, and entrepreneurial career intentions: implications for entrepreneurship education. Entrepreneurship theory and practice, 31(3), 387–406.
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2018 Springer Nature Singapore Pte Ltd.
About this paper
Cite this paper
Abdurahman, A.Z.A., Hassan, R.A., Sayuti, N.M., Abdullah, J.B. (2018). Factors that Contributes Towards Opportunity Creation and Identification. In: Noordin, F., Othman, A., Kassim, E. (eds) Proceedings of the 2nd Advances in Business Research International Conference. Springer, Singapore. https://doi.org/10.1007/978-981-10-6053-3_6
Download citation
DOI: https://doi.org/10.1007/978-981-10-6053-3_6
Published:
Publisher Name: Springer, Singapore
Print ISBN: 978-981-10-6052-6
Online ISBN: 978-981-10-6053-3
eBook Packages: Business and ManagementBusiness and Management (R0)