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Recognizing Opportunities for Sustainable Development

22 Pages Posted: 14 Jul 2011  

Holger Patzelt

Max Planck Institute of Economics

Dean A. Shepherd

Indiana University - Kelley School of Business - Management & Entrepreneurship

Date Written: July 2011

Abstract

Building on the entrepreneurial action and sustainable development literatures, we highlight how the current explanations of opportunity recognition, based on entrepreneurial knowledge and economic motivation, are insufficient for modeling the recognition of opportunities for sustainable development. Our model suggests that entrepreneurs are more likely to discover sustainable development opportunities the greater their knowledge of natural and communal environments become, the more they perceive that the natural and communal environment in which they live is threatened, and the greater their altruism toward others becomes. We propose that entrepreneurial knowledge plays a central role by moderating these effects.

Suggested Citation

Patzelt, Holger and Shepherd, Dean A., Recognizing Opportunities for Sustainable Development (July 2011). Entrepreneurship Theory and Practice, Vol. 35, Issue 4, pp. 631-652, 2011. Available at SSRN: https://ssrn.com/abstract=1885308 or http://dx.doi.org/10.1111/j.1540-6520.2010.00386.x

Holger Patzelt (Contact Author)

Max Planck Institute of Economics ( email )

Kahlaische Str. 10
D-07745 Jena
Germany

Dean A. Shepherd

Indiana University - Kelley School of Business - Management & Entrepreneurship ( email )

Bloomington, IN 47405
United States
812-856-5220 (Phone)

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