The Search for and Discovery of Different Types of Entrepreneurial Opportunities: The Effects of Tacitness and Codification
Frontiers of Entrepreneurship Research 2005
11 Pages Posted: 21 Dec 2009
Date Written: 2005
The role of different types of opportunities in the entrepreneurial process remains relatively underdeveloped. To address this issue, we draw upon a distinction from the domain of knowledge management to suggest the existence of two different types of opportunities – tacit and codified. Using qualitative and quantitative data, we explore the existence of these different types of opportunities and their relationships to both the entrepreneurial discovery process and prior experience. We find codified opportunities are more likely to be discovered through a systematic search while prior experience is more useful for the discovery of tacit opportunities.
JEL Classification: M13
Suggested Citation: Suggested Citation