Creation and Pursuit of Entrepreneurial Opportunities: An Evolutionary Economics Perspective

Guido Buenstorf ()

Small Business Economics, 2007, vol. 28, issue 4, pages 323-337

Abstract: Considerable debate surrounds the concept of entrepreneurial opportunities. This paper approaches the opportunity concept from an evolutionary market process perspective. It argues that new opportunities for entrepreneurial activity frequently emerge as by-products of market competition. Agents may deliberately or unwittingly create opportunities. Organizational development and the evolution of industries are additional sources of new entrepreneurial opportunities. At the same time, they enable agents to acquire the skills required to exploit these opportunities. Copyright Springer Science+Business Media, LLC 2007

Keywords: business conceptions; industry evolution; market process; opportunities; spin-offs; B25; D21; L10; L26; M13 (search for similar items in EconPapers)
Date: 2007
View list of references View citations in EconPapers

Downloads: (external link)
http://hdl.handle.net/10.1007/s11187-006-9039-5 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:kap:sbusec:v:28:y:2007:i:4:p:323-337

Access Statistics for this article

Small Business Economics is edited by Zoltan J. Acs and David B. Audretsch

More articles in Small Business Economics from Springer
Series data maintained by Christopher F. Baum ().