Creating Entrepreneurial Opportunities: An Organisational and Social Constructive Phenomenon in the Creation of New Businesses

International Journal of Entrepreneurial Venturing 4(1), 432-448 (2010)

21 Pages Posted: 30 Mar 2013

See all articles by Vesa Puhakka

Vesa Puhakka

University of Oulu, Oulu Business School

Date Written: March 28, 2013

Abstract

This conceptual study considers the creation process of new businesses from the perspective of organizational creativity and imagination in entrepreneurial opportunity process. Currently, organizational creativity and imagination have been linked to the creative view or creation theory in the entrepreneurial opportunity process field of research. We argue that our theoretical illustration concerning the dialectical creation process of entrepreneurial opportunities describes an early phase of the creation of new businesses. According to our theoretical illustration, entrepreneurs create new unknown effects from the given means or tools (the logic of effectuation) in the creative space (called in- between). In this manner, the creative space including subject, object and community (i.e. neutral opportunities) is empty at the beginning of the entrepreneurial opportunity process, and it is completed by elements of business environment (i.e. intension-driven entrepreneurial opportunities) such as rules, tools, signs and division of labour.

Keywords: creative view, entrepreneurial opportunities, human activity

JEL Classification: M13

Suggested Citation

Puhakka, Vesa, Creating Entrepreneurial Opportunities: An Organisational and Social Constructive Phenomenon in the Creation of New Businesses (March 28, 2013). International Journal of Entrepreneurial Venturing 4(1), 432-448 (2010), Available at SSRN: https://ssrn.com/abstract=2241003

Vesa Puhakka (Contact Author)

University of Oulu, Oulu Business School ( email )

P.O. Box 4600
Oulu FIN-90014, 90570
Finland

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