Abstract

http://ssrn.com/abstract=2271155
 


 



Entrepreneurial Opportunity as the Potential to Create Value


Peter Lewin


University of Texas at Dallas - School of Management - Department of Finance & Managerial Economics

October 12, 2013


Abstract:     
Unpacking the concept of entrepreneurial opportunity to include three categories of essential ingredients, this paper provides a fruitful framework for applying Israel Kirzner’s approach to entrepreneurship - bridging the entrepreneur as someone alert to opportunities to create value, to real world situations requiring the entrepreneur’s evaluation of resource inputs and prospective outputs, and his perception of what actions are necessary and need to be coordinated in an environment of sufficient mutual understandings. To fully understand entrepreneurial opportunities, one must then understand not only how the entrepreneur makes superior evaluations, but also how to address all of these three categories.

Number of Pages in PDF File: 21

Keywords: opportunity, discovery, incentives, Kirzner

JEL Classification: L26, L22

working papers series


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Date posted: May 28, 2013 ; Last revised: October 13, 2013

Suggested Citation

Lewin, Peter, Entrepreneurial Opportunity as the Potential to Create Value (October 12, 2013). Available at SSRN: http://ssrn.com/abstract=2271155 or http://dx.doi.org/10.2139/ssrn.2271155

Contact Information

Peter Lewin (Contact Author)
University of Texas at Dallas - School of Management - Department of Finance & Managerial Economics ( email )
2601 North Floyd Road
P.O. Box 830688
Richardson, TX 75083
United States
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