Entrepreneurial Success within the Process of Opportunity Recognition and Exploitation: An Expansion of Entrepreneurial Opportunity Recognition Model

Kabir Shamudeen, Kabir Shamudeen, Ooi Yeng Keat and Hazlinda Hassan
Additional contact information
Kabir Shamudeen: School of Business Management, College of Business, Universiti Utara Malaysia, Malaysia,
Kabir Shamudeen: Economic Department, Shehu Shagari College of Education, Sokoto, Sokoto State, Nigeria,
Ooi Yeng Keat: School of Business Management, College of Business, Universiti Utara Malaysia, Malaysia,
Hazlinda Hassan: School of Business Management, College of Business, Universiti Utara Malaysia, Malaysia.

International Review of Management and Marketing, 2017, vol. 7, issue 1, 107-111

Abstract: The purpose of this paper is to expand upon existing entrepreneurial opportunity recognition model (EORM) that builds on the existing theoretical literature, utilises the Dubin’s theory-building framework. It identifies entrepreneurial awareness and viable business plan as the determinant of entrepreneurial success within the process opportunity recognition (OR) and exploitation. Entrepreneurial awareness is the central component of OR process. Entrepreneurial awareness and viable business plan, are the basic condition for the success of the OR and exploitation process which in turn yielding a successful entrepreneurial outcome. A proposed conceptual model, a set of propositions, and suggestions for further research are provided.

Keywords: Entrepreneurial Awareness; Viable Business Plan; Opportunity Recognition; Exploitation Process Model (search for similar items in EconPapers)
JEL-codes: L2 L26 (search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
http://www.econjournals.com/index.php/irmm/article/download/3292/pdf (application/pdf)
http://www.econjournals.com/index.php/irmm/article/view/3292/pdf (text/html)

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: https://EconPapers.repec.org/RePEc:eco:journ3:2017-01-14

Access Statistics for this article

International Review of Management and Marketing is currently edited by Ilhan Ozturk

More articles in International Review of Management and Marketing from Econjournals
Bibliographic data for series maintained by Ilhan Ozturk ().