Skip to main content

Factors that Contributes Towards Opportunity Creation and Identification

  • Conference paper
  • First Online:
Proceedings of the 2nd Advances in Business Research International Conference

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.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 129.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 169.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 169.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

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.

    Google Scholar 

  • Alvarez, S. A., & Barney, J. B. (2007). Discovery and creation: Alternative theories of entrepreneurial action. Organizações em contexto, 3(6).

    Google Scholar 

  • Ardichvili, A., Cardozo, R., & Ray, S. (2003). A theory of entrepreneurial opportunity identification and development. Journal of Business Venturing, 18, 105–123.

    Article  Google Scholar 

  • Baron, R. A. (2006). Opportunity recognition as pattern recognition. Academy of Management Perspectives, 104–118.

    Google Scholar 

  • 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.

    Article  Google Scholar 

  • Corbett, A. C. (2005). Experiential learning within the process of opportunity identification and exploitation. Entrepreneurship Theory and Practice, 29, 473–491.

    Article  Google Scholar 

  • 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.

    Google Scholar 

  • De Jong, J. P., & Marsili, O. (2010). Schumpeter versus Kirzner: An empirical investigation of opportunity types. EIM Research Reports.

    Google Scholar 

  • Gaglio, C. M., & Katz, J. A. (2001). The psychological basis of opportunity identification: entrepreneurial alertness. Small Business Economics, 16(2), 95–111.

    Article  Google Scholar 

  • 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.

    Google Scholar 

  • Holcombe, R. G. (2003). The origins of entrepreneurial opportunities. The Review of Austrian Economics, 16(1), 25–43.

    Article  Google Scholar 

  • Kirzner, M. I. (1999). Creativity and/or alertness: A reconsideration. Review of Austrian Economics, 5–17.

    Google Scholar 

  • Krejcie, R. V., & Morgan, D. W. (1970). Determining sample size for research. Educational and Psychological Measurement, 30, 607–610.

    Article  Google Scholar 

  • Krizner, I. (1973). Competition and Entrepreneurship. Chicago and London: University of Chicago Press.

    Google Scholar 

  • Kuivaniemi, L. (2010). Evaluation and reasoning in the entrepreneurial opportunity process: Narratives from sex industry entrepreneurs. Studies in Business and Economics, 18–52.

    Google Scholar 

  • 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.

    Article  Google Scholar 

  • 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.

    Article  Google Scholar 

  • Myint, Y. M., Vyakarnam, S., & New, M. J. (2005). The effect of social capital in new. Strategic Change, 165–177.

    Google Scholar 

  • Nahapiet, J., & Ghosal, S. (1998). Social capital, intellectual capital and the organizational advantage. Academy of Management Review, 23(2), 242–266.

    Google Scholar 

  • 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.

    Google Scholar 

  • Nunnally, C. (1978). Psychometric theory, 2nd Edition New York: McGraw-Hill.

    Google Scholar 

  • Penrose, E. T. (1959). The theory of the growth of the firm. Oxford: Oxford University Press.

    Google Scholar 

  • Sarasvathy, D. S. (2001). Causation and effectuation: Toward a Theoretical Shift from Economic Inevitability to Entrepreneurial Contingency. Academy of Management Review, 243–263.

    Google Scholar 

  • Shane, S. (2000). Prior Knowledge and the discovery of entrepreneurial opportunities. Organization Science, 11(4), 448–469.

    Article  Google Scholar 

  • Shane, S. A. (2003). A General Theory of Entrepreneurship: The Individual-opportunity Nexus. New horizons in entrepreneurship. Northampton, MA: Edward Elgar.

    Book  Google Scholar 

  • 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.

    Google Scholar 

  • 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.

    Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Abg Zainoren Abg Abdurahman .

Editor information

Editors and Affiliations

Rights and permissions

Reprints 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

Publish with us

Policies and ethics