The Promise of Entrepreneurship as a Field of Research Author(s): Scott Shane and S. Venkataraman Source: The Academy of Management Review, Vol. Rather, entrepreneurship implies that people act to change the world and this often comes about by not just “detecting” opportunities but 2000 Shane and Venkataraman 219 not others engage in entrepreneurial behavior, we are describing the tendency of certain peo-ple to respond to the situational cues of oppor-tunities-not a stable characteristic that differ-entiates some people from others across all situations.2 Second, we argue that entrepreneurship does This article extends and elaborates the perspective on entrepreneurship articulated by Shane and Venkataraman (2000) and Venkataraman (1997) by explaining in more detail the role of opportunities in … Expand. Save. Entrepreneurship as a legitimate field of knowledge. Abstract. Find books 217-226. has been cited by the following article: Article We have limited knowledge of the opinion of entrepreneurs, business opportu-nities, the people that pursue them, the skills used for organizing and exploiting opportunities and the most favourable environmental conditions for these activi-ties. Academy of Management Review, 25, 217-226. 1,217-226. THE PROMISE OF ENTREPRENEURSHIP AS A FIELD OF RESEARCH. All definitions really imply actions. Vol. (With Scott Shane). 2000 Shane and Venkataraman 219 not others engage in entrepreneurial behavior, we are describing the tendency of certain peo-ple to respond to the situational cues of oppor-tunities-not a stable characteristic that differ-entiates some people from others across all situations.2 Second, we argue that entrepreneurship does not require, but can include, the creation of new organizations. More Filters. 25 (1): 217-226. Brazael, 1999; Churchill & Muzyka, 1994; Shane & Venkataraman, 2000; Venkataraman, 1997). (Shane and Venkataraman, 2000). and exploitation of opportunities (Shane and Venkataraman, 2000). 25, n°1, pp. S. Shane and S. In fact, Shane 3 & Venkataraman (2000) define the domain of entrepreneurship research in terms of opportunity recognition and exploitation. In fact, over a long period of time economics literature had relatively little to say about entrepreneurship. A preview of the PDF is not available. 1, 217-226. 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The venture capital industry has had a catalytic role in entrepreneurial development As a Field of Research" (January 2000). This identifies phases the entrepreneur goes through from opportunity discovery to exploitation of the opportunity and is referred to as the entrepreneurial process (Corbert, 2005; Davidsson & Honig, 2003; Shane, 2000). Academy of Management Review, 2, 217-226. has been cited by the following article: TITLE: Psychological Characteristics of Entrepreneurship of College Students in China. Shane, S., & Venkataraman, S. (2000).The promise of entrepreneurship as a field of research. 25, No. To date, the phenomenon of entrepreneurship has lacked a conceptual framework. Download books for free. While Shane and Venkataraman do not Before technological change leads to new processes, products, markets, or ways of organizing, entrepreneurs must discover opportunities in which to exploit the … View via Publisher. Academy of Management Conference, Atlanta, 1993. Entrepreneurship is not a cog-nitive enterprise of perceiving and interpreting the world. (Shane and Venkataraman, 2000; and Bygrave, 2003). Academy of Management Review. This article extends and elaborates the perspective on entrepreneurship articulated by Shane and Venkataraman (2000) and Venkataraman (1997) by explaining in more detail the role of opportunities in the entrepreneurial process. In this paper we focus on entrepreneurship defined as the discovery, evaluation and exploitation of future To date, the phenomenon of entrepreneurship has lacked a conceptual framework. To date, the phenomenon of entrepreneurship has lacked a conceptual framework. 1 (Jan., 2000), pp. 2000 * The promise of entrepreneurship as a field of research. Shane and Venkataraman (2000) and Alvarez and Bareny (2007), but it is still difficult to understand how the process itself works, what the influencing factors are and how these interact. The cuthors contributed egucrlly qnd
> Shane, S., & Venkataraman, S. (2000). To date, the phenomenon of entrepreneurship has lacked a conceptual framework. Entrepreneurial Opportunities Defined Following Casson (1982) and Shane and Venkataraman (2000), we define entrepreneurial opportunities as situations in which new goods, services, raw materials, markets and orga- nizing methods can be introduced through the formation of … In this note we draw upon previous research conducted in the different social science disciplines and applied fields of business to create a conceptual framework for the field. The differences between opportunity-seeking & advantage-seeking behavior. The conceptual model of Shane and Venkataraman (2000) proposed that two main individual factors – prior knowledge and cognitive properties – influence entrepreneurial opportunity identification. existed (Venkataraman, 1997; Shane & Ven-kataraman, 2000). Individual (C. M. Gaglio & More Filters. Some features of the site may not work correctly. t Academy of Management Review 2000, Vol. 2000. Specifically, this focus defines the scholarly field of entrepreneurship as “incorporate[ing] the following: sources of opportunity; the SCOTT SHANE University of Maryland. The Promise of Entrepreneurship as a Field of Research. 2000 Shane and Venkataraman 219 not others engage in entrepreneurial behavior, Fourth, our f ramework also complements re- we are describing the tendency of certain peo- search on the process of firm creation (e.g., Gart- ple to respond to the situational cues of oppor- … Kaisch & Gilad, 1991; Kirzner, 1973, 1979; Shane & Venkataraman, 2000), the other research stream asserts that initiatives by entrepreneurs are crucial to the emergence of opportunity and it is the entrepreneurs who “create” the opportunities (e.g. 2000 (Shane & Venkataraman) Entrepreneurship should be concerned with the sources of opportunities and the individual. decide to exploit the opportunity (Shane & Venkataraman, 2000). Clearly, the authors discuss an important and timely, but controversial, topic. In this note we draw upon previous research conducted in the different social science disciplines and applied fields of business to create a conceptual framework for the field. S. VENKATARAMAN University of Virginia. This article extends and elaborates the perspective on entrepreneurship articulated by Shane and Venkataraman (2000) and Venkataraman (1997) by explaining in more detail the role of opportunities in the entrepreneurial process. In this note we draw upon previous research conducted in the different social science disciplines and applied fields of business to create a conceptual framework for the field. tions and interactions with the environment (Shane and Venkataraman, 2000). (Venkataraman, 1997; Shane and Venkataraman, 2000). Shane and Venkataraman (2000, p. 220) define entrepreneurial opportunities as "those situations in which new goods, services, raw materials, and organizing methods can be introduced and sold at greater than their cost of production." DOI: 10.5465/AMR.2000.2791611 Corpus ID: 55177521. Shane S. and Venkataraman S. (2000), The Promise of Entrepreneurship as a Field of Research, Academy of Management Review, vol. 70. creates entrepreneurship (Shane & Venkataraman 2000). AUTHORS: Hua Zhang, Ying Zhang At some point, entrepreneurs must shift their focus from assessing the viability of the various resource combinations that ultimately comprise opportunities to determining how exactly to exploit those opportunities (Choi et al., 2008). We acknowledge the helpiul comments ol Ed Roberts on on earlier drqft ol this note. The promisse The Promise of Entrepreneurship as a Field of Research @article{Shane2000ThePO, title={The Promise of Entrepreneurship as a Field of Research}, author={S. Shane and S. 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