Temporal Dimensions of Opportunistic Change in Technology-Based Ventures

Entrepreneurship Theory and Practice, Vol. 22, Winter 1997

22 Pages Posted: 9 May 2011

See all articles by G. Page West

G. Page West

Wake Forest University

G. Dale Meyer

The Meyer Group, Inc.; University of Colorado at Boulder; Western Partners Worldwide Foundation

Date Written: May 4, 2011

Abstract

Opportunity recognition and opportunity-directed behavior are at the core of entrepreneurial efforts In both new and existing ventures. This study examines characteristics and behaviors related to future time orientation and their association with the pursuit of entrepreneurial opportunity. We find that strategic change in young technology-based ventures Is associated with top management teams who are perceived as being more future-oriented. Communication patterns linking future- and present-oriented managers are also associated with strategic change. The findings of this empirical study Indicate that technology-based ventures should place substantial emphasis on Identifying, embracing, and widely communicating Ideas that challenge the status quo. Out of this process the entrepreneurial approach Is reinvigorated with new opportunities for proactive strategic change and growth. Ways In which new venture management may take steps to recognize and move proactively on emerging new opportunities are suggested.

Keywords: entrepreneurship, opportunity, time perspective

Suggested Citation

West, G. Page and Meyer, G. Dale, Temporal Dimensions of Opportunistic Change in Technology-Based Ventures (May 4, 2011). Entrepreneurship Theory and Practice, Vol. 22, Winter 1997. Available at SSRN: https://ssrn.com/abstract=1831942

G. Page West (Contact Author)

Wake Forest University ( email )

School of Business
1834 Wake Forest Road
Winston-Salem, NC 27106
United States

G. Dale Meyer

The Meyer Group, Inc. ( email )

Interurban Park
1800 Bluebell Avenue
Boulder, CO 80302-8022
United States
303-442-4319 (Phone)

University of Colorado at Boulder ( email )

1070 Edinboro Drive
Boulder, CO 80309
United States

Western Partners Worldwide Foundation ( email )

Interurban Park
1800 Bluebell Avenue
Boulder, CO 80302-8022
United States

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