Resource title

Entrepreneurial Alertness and Opportunity Discovery - Origins, Attributes, Critique

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Resource description

Israel Kirzner’s concept of entrepreneurship as alertness to profit opportunities is one of the mostinfluential modern interpretations of the entrepreneurial function. Shane and Venkataraman’s(2000: 218) influential assessment defines entrepreneurship research as “the scholarly examinationof how, by whom, and with what effects opportunities to create future goods and servicesare discovered, evaluated, and exploited.” As such, “the field involves the study of sources ofopportunities; the processes of discovery, evaluation, and exploitation of opportunities; and theset of individuals who discover, evaluate, and exploit them.” Shane’s General Theory of Entrepreneurship(2003) cites Kirzner and “Kirznerian opportunities” more than any writer other thanJoseph Schumpeter. More generally, the entrepreneurial opportunity, rather than the individualentrepreneur, the startup company, or the new product, has become the centerpiece of the academicstudy of entrepreneurship.

Resource author

Nicolai J. Foss, Peter G. Klein

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Resource publish date

Resource language

eng

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application/pdf

Resource resource URL

http://hdl.handle.net/10398/7755

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