alexa Creation and Pursuit of Entrepreneurial Opportunities: An Evolutionary Economics Perspective
Business & Management

Business & Management

Journal of Entrepreneurship & Organization Management

Author(s): Guido Buenstorf

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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.

This article was published in Small Business Economics and referenced in Journal of Entrepreneurship & Organization Management

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