The Entrepreneurial Opportunity Recognition Process: Examining the Role of Self-Perceived Alertness and Social Networks.

Singh, Robert P.; Hills, Gerald E.; Lumpkin, G. T.; Hybels, Ralph C.

doi:10.5465/apbpp.1999.27600505

Cited by 124 publications

(110 citation statements)

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“…Generally, the social network theory focuses on the strength and interaction of relationships among network members. Extant social network research has gradually centered on the degree of closeness between enterprises, the size of the enterprise network, the ability of the venture to identify opportunities, and the network structure [54,55]. From a corporate level, social networks play a key role in the process of resource acquiring and opportunity identifying.…”

Section: Research On Social Network and Economic Growthmentioning

confidence: 99%

The Influence of Entrepreneurship and Social Networks on Economic Growth—From a Sustainable Innovation Perspective

Chen

Wang

et al. 2018

Sustainability

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Abstract:A large body of evidence demonstrates the key role played by entrepreneurship in promoting economic growth. However, the potential connections between entrepreneurship, social networking, and economic development still require in-depth exploration and discussion. This paper first establishes a theoretical framework combining entrepreneurship capital theory, resource dependence theory and transaction cost theory, then examines the possible associations between entrepreneurship, social networks, and economic growth based on the dynamic panel data model. To achieve the research objectives, the investigators collected data spanning the period between 2007 and 2016 from 31 provinces and cities in China. The authors adopted the enterprise employment rate as a measure of entrepreneurship and used the information sharing rate to assess social networks, which were then both introduced into the economic growth model. Additionally, by using the system of generalized method of moments (GMM) estimation, this article measures the influence of entrepreneurship and social networks on the economic growth of a local area. The empirical results reveal that both entrepreneurship and social networking significantly promote regional economic growth in China. Further, the effect of entrepreneurship is significantly enhanced after introducing the joint effects of entrepreneurship and social network. The findings also expound that entrepreneurship of the eastern zone and social networking of the central section exhibit the strongest potential for economic development of the respective areas. Conversely, entrepreneurship may actually hinder the economic advancement of the central areas of China. Corresponding to the findings, the researchers suggest that it is necessary to devise flexible policies for heterogeneous entrepreneurial environments and to appropriately utilize interpersonal networks to maximize the efficiency of the outputs of economic activity, which are likely to strengthen the role of entrepreneurship and social networks in contemporary economic and business milieu.

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Section: Research On Social Network and Economic Growthmentioning

confidence: 99%

The Influence of Entrepreneurship and Social Networks on Economic Growth—From a Sustainable Innovation Perspective

Chen

Wang

et al. 2018

Sustainability

View full text Add to dashboard Cite

show abstract

“…More calculative ties, as found in weak networks, may replace the emotional relationships of earlier stages which may constrain the firm [7]. Weak ties may enhance the number of opportunities [43] and can lead to strengthening of internal capabilities and performance [44,45].…”

Section: Hypothesesmentioning

confidence: 99%

Role of Strong versus Weak Networks in Small Business Growth in an Emerging Economy

Kozan

Akdeniz

2014

Administrative Sciences

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Abstract:The study tests whether strong rather than weak ties account for small business growth in Turkey. Data were collected by means of a questionnaire filled out by the owners of small firms operating in four cities. Growth is comprised of two main areas, production expansion and knowledge acquisition. Results show that strong ties are positively related to both types of growth. In contrast, loose ties have no effect on small business growth in either area. This finding is attributed to the influence of the collectivistic nature of the mainstream Turkish culture, where owners of small businesses are likely to rely on in-groups rather than out-groups for advice and for financial support. Implications of relative absence of weak ties for small business growth and innovation in emerging economies are discussed. The findings suggest that culture should be included as a contingency variable in future studies of network strength and growth relationship. The paper also discusses the possible moderating role of affective and cognition-based trust in the relation of strong and weak ties to small business growth.

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“…Other studies also support the case that individuals' access to external knowledge through social networks is fundamental to recognizing new business opportunities (Barringer and Ireland 2007;de Clercq and Arenius 2006;Kingsley and Malecki 2004;Ozgen and Baron 2007;Ramos-Rodríguez, et al 2010). Large networks (Hills, et al 1997) and heterogeneous weak ties-ties beyond close friends and relatives (de Clercq and Arenius 2006)-are positively related to the identification and recognition of opportunities (Singh et al, 1999). McGrath (1996) and McAdam (2007) argue that access to a network hub or contact with other entrepreneurs, such as existing successful businesses or business incubators, is a critical source of new opportunity identification.…”

Section: Introductionmentioning

confidence: 86%

The Role of Social Capital for Amish Entrepreneurs in Pursuing Informal Economic Opportunities

Jeong¹

2013

Journal of Amish and Plain Anabaptist Studies

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This study explores the specific types of social relationships that influence initiation into and involvement in informal businesses. In particular, it examines the social capital possessed by Amish entrepreneurs who establish home-based, off-the-books tourism businesses. This paper theoretically refines social capital by identifying three dimensions of social relations: cognitive, reciprocal, and structural. I explore the relationship between social capital and Amish involvement in tourism businesses by using measures of tie strength, expected roles in one's network, structural equivalence of network position, common culture, and religion. The results suggest that neither tie strength nor diversity alone accounts for one's involvement in informal entrepreneurship. Rather, a combination of both strong and diverse ties is positively related to informal business involvement and success. Therefore, researchers of entrepreneurship should give attention to the multiplicity of both network tie strength and diversity.

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The Entrepreneurial Opportunity Recognition Process: Examining the Role of Self-Perceived Alertness and Social Networks.

Cited by 124 publications

References 0 publications

The Influence of Entrepreneurship and Social Networks on Economic Growth—From a Sustainable Innovation Perspective

The Influence of Entrepreneurship and Social Networks on Economic Growth—From a Sustainable Innovation Perspective

Role of Strong versus Weak Networks in Small Business Growth in an Emerging Economy

The Role of Social Capital for Amish Entrepreneurs in Pursuing Informal Economic Opportunities

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