Entrepreneurial alertness in the pursuit of new opportunities

Jintong Tang, Kacmar, K. Michele (Micki) and Lowell Busenitz

Journal of Business Venturing, 2012, vol. 27, issue 1, 77-94

Abstract: The recognition and development of new opportunities are at the heart of entrepreneurship. Building from Kirzner's (1973, 1999) work, cognition theory, and McMullen and Shepherd's (2006) recent development, we offer a model involving three distinct elements of alertness: scanning and search, association and connection, and evaluation and judgment. We then conduct multiple studies to develop and validate a 13-item alertness scale that captures these three dimensions. Results demonstrate appropriate dimensionality, strong reliability, and content, convergent, discriminant, and nomological validity. The resultant instrument provides researchers with a valuable tool for probing the entrepreneurial opportunity development process including antecedents and outcomes.

Keywords: Entrepreneurial alertness; Opportunities; Information; Search; Judgment; Scale development (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jbvent:v:27:y:2012:i:1:p:77-94

DOI: 10.1016/j.jbusvent.2010.07.001

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