The Search for and Discovery of Different Types of Entrepreneurial Opportunities: The Effects of Tacitness and Codification

Babson College Entrepreneurship Research Conference (BCERC) 2005

Frontiers of Entrepreneurship Research 2005

11 Pages Posted: 21 Dec 2009

See all articles by Brett R. Smith

Brett R. Smith

Miami University of Ohio - Richard T. Farmer School of Business Administration

Charles H. Matthews

University of Cincinnati - Department of Management

Mark T. Schenkel

Belmont University - College of Business Administration

Date Written: 2005

Abstract

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.

Keywords: Entrepreneurship

JEL Classification: M13

Suggested Citation

Smith, Brett R. and Matthews, Charles H. and Schenkel, Mark T., The Search for and Discovery of Different Types of Entrepreneurial Opportunities: The Effects of Tacitness and Codification (2005). Babson College Entrepreneurship Research Conference (BCERC) 2005. Available at SSRN: https://ssrn.com/abstract=1507188

Brett R. Smith (Contact Author)

Miami University of Ohio - Richard T. Farmer School of Business Administration ( email )

Oxford, OH 45056
United States

Charles H. Matthews

University of Cincinnati - Department of Management ( email )

United States

Mark T. Schenkel

Belmont University - College of Business Administration ( email )

1900 Belmont Boulevard
Nashville, TN
United States
615 460 6784 (Phone)

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