Frontiers of Entrepreneurship Research
1997 Edition

Return to 1997 Topical Index

Order hard copy editions of Frontiers of  Entrepreneurship Research by mail


OPPORTUNITY RECOGNITION: PERCEPTIONS AND BEHAVIORS OF ENTREPRENEURS

Gerald E. Hills, University of Illinois at Chicago

G. T. Lumpkin, University of Illinois at Chicago

Robert P. Singh, University of Illinois at Chicago


INTRODUCTION

LITERATURE REVIEW

METHODOLOGY

TABLE 1

RESULTS

Entrepreneurs Opportunity Recognition Capabilities
Self-Perceived Entrepreneurial Alertness
Importance of Venture Ideas and Creativity
TABLE 2
TABLE 3
TABLE 4
The Opportunity Recognition Process
TABLE 5
Evaluation of Opportunities
TABLE 6
Opportunity Recognition Factors
TABLE 7

DISCUSSION

REFERENCES

 

ABSTRACT

The purpose of this paper was to study a greatly overlooked research area - opportunity recognition. We present exploratory results based on data collected from 190 mail survey respondent entrepreneurs. Differences between entrepreneurs who developed their business ideas on their own (solo entrepreneurs) vs. those who got their ideas from their social networks (network entrepreneurs) are found. Using frequency counts, t-tests, and exploratory factor analysis we discuss a number of issues of critical importance to understanding opportunity recognition. Practical and theoretical implications are discussed and topics for future research are identified.

Return to 1997 Topical Index


1997 Babson College All Rights Reserved
Last Updated 03/20/98