Chapter 1 Opportunity Identification: Review, Critique, and Suggested Research Directions

If You Have a Hammer, You Only Look for Nails: The Relationship Between the Einstellung Effect and Business Opportunity Identification

“…The identification of opportunities that launch entrepreneurial ventures is a focal concept within the entrepreneurship field, and one of the most important abilities for successful entrepreneurs (Gaglio ; Shane and Venkataraman ; Venkataraman ). Unsurprisingly, opportunity identification continues to be one of the most actively researched areas in entrepreneurial research and the question of why are some people more likely to come up with new business ideas while others do not is of central importance to the field of entrepreneurship (Baron ; Dimov ; Mitchell et al ).…”

Researching Entrepreneurship

“…Although "opportunities" had been discussed before in entrepreneurship (e.g.,Gaglio, 1997 ) and management (e.g.,Jackson & Dutton, 1988 ), most of the work has appeared after the publication of Shane and Venkataraman's paper Short, Ketchen, Shook, and Ireland ( 2010 ). reviewed 68 papers in 16 leading journal, which used "opportunity" in relevant ways in title, abstract, or keywords.…”

How Coping Combination Affects Innovation Ambidexterity in Business Failure Situations

“…The study adds to the literature on coping strategies in business failure situations in several important ways. First, it contributes to the upper echelons theory with the entrepreneurial cognition approach (Dutton et al, 1983;Daft and Weick, 1984;Hambrick and Mason, 1984;Fahey and Narayanan, 1989;Walsh, 1995;Gaglio, 1997). Previous studies on the upper echelons theory addressed three aspects of the top managers: observable characteristics, psychological features, and interactions with others (Bromiley and Rau, 2016).…”

“…Cognition structure, also called knowledge structure ( Walsh, 1995 ), mental model ( Daft and Weick, 1984 ; Fahey and Narayanan, 1989 ), or cognitive map ( Dutton et al, 1983 ; Dutton and Jackson, 1987 ), represents the content and organization of knowledge ( Mitchell et al, 2002 ). A cognition structure results from cumulative experiences and learning an entrepreneur has encountered in a specific domain ( Gaglio, 1997 ). The cognition structure determines how an entrepreneur responds to new information ( Gaglio and Katz, 2001 ).…”