239
Views
1
CrossRef citations to date
0
Altmetric
Research Articles

Is that an opportunity? Global versus local processing of technological and socioeconomic constraints

ORCID Icon, , &

References

  • Alvarez, S. A., & Barney, J. B. (2007). Discovery and creation: Alternative theories of entrepreneurial action. Strategic Entrepreneurship Journal, 1(1–2), 11–26. https://doi.org/10.1002/sej.4
  • Alvarez, S. A, & Barney, J. B. (2010). Entrepreneurship and epistemology: The philosophical underpinnings of the study of entrepreneurial opportunities. Academy of Management Annals, 4(1), 557-583. https://doi.org/10.5465/19416520.2010.495521
  • Alvarez, S. A., & Barney, J. B. (2013). Epistemology, opportunities, and entrepreneurship: Comments on Venkataraman et al. (2012) and Shane (2012). Academy of Management Review, 38(1), 154–157. https://doi.org/10.5465/amr.2012.0069
  • Alvi, F. H., & Carsrud, A. L. (2017). Strategic entrepreneurial agency in emerging markets. The Journal of Entrepreneurship, 26(1), 77–101. https://doi.org/10.1177/0971355716677394
  • Barney, J. (1991). Firm resources and sustained competitive advantage. Journal of Management, 17(1), 99–120. https://doi.org/10.1177/014920639101700108
  • Basso, M. R., & Lowery, N. (2004). Global-local visual biases correspond with visual-spatial orientation. Journal of Clinical and Experimental Neuropsychology, 26(1), 24–30. https://doi.org/10.1076/jcen.26.1.24.23939
  • Blanchette, I., & Dunbar, K. (2000). How analogies are generated: The roles of structural and superficial similarity. Memory & Cognition, 28(1), 108–124. https://doi.org/10.3758/BF03211580
  • Brandon, D. M., Long, J. H., Loraas, T. M., Mueller-Phillips, J., & Vansant, B. (2013). Online instrument delivery and participant recruitment services: Emerging opportunities for behavioral accounting research. Behavioral Research in Accounting, 26(1), 1–23. https://doi.org/10.2308/bria-50651
  • Busenitz, L. W., Plummer, L. A., Klotz, A. C., & Shahzad, A. (2014). Entrepreneurship research (1985-2009) and the emergence of opportunities. Entrepreneurship Theory and Practice, 38(5), 24–30. https://doi.org/10.1111/etap.12120
  • Casson, M. (1982). The entrepreneur: An economic theory. Barnes and Noble Books.
  • Chen, J., Zhao, X., & Wang, Y. (2014). A new measurement of intellectual capital and its impact on innovation performance in an open innovation paradigm. International Journal of Technology Management, 67(1), 1–25. https://doi.org/10.1504/IJTM.2015.065885
  • Chen, Z. (1996). Children’s analogical problem solving: The effects of superficial, structural, and procedural similarity. Jounral of Experimental Child Psychology, 62(3), 410–431. https://doi.org/10.1006/jecp.1996.0037
  • Chen, Z. (2002). Analogical problem solving: A heirarchical analysis of procedural similarity. Journal of Experimental Psychology, 28(1), 81–98. https://doi.org/10.1037//0278-7393.28.1.81
  • Child, J. (1997). Strategic choice in the analysis of action, structure, organizations and environment: Retrospect and prospect. Organization Studies, 18(1), 43–76. https://doi.org/10.1177/017084069701800104
  • Davidsson, P. (2007). Strategies for dealing with heterogeneity in entrepreneurship research. Academy of management meeting. Philadelphia.
  • Davidsson, P., & Honig, B. (2003). The role of social and human capital among nascent entrepreneurs. Journal of Business Venturing, 18(3), 301–331. https://doi.org/10.1016/S0883-9026(02)00097-6
  • Dimov, D. (2010). Nascent entrepreneurs and venture emergence: Opportunity confidence, human capital, and early planning. Journal of Management Studies, 47(6), 1123–1153. https://doi.org/10.1111/j.1467-6486.2009.00874.x
  • Drover, W., Wood, M. S., & Zacharakis, A. (2017). Attributes of angel and crowdfunded investments as determinants of VC screening decisions. Entrepreneurship Theory and Practice, 41(3), 323–347. https://doi.org/10.1111/etap.12207
  • Dutta, D. K., & Hora, M. (2017). From invention success to commercialization success: Technology ventures and the benefits of upstream and downstream supply-chain alliances. Journal of Small Business Management, 55(2), 216–235. https://doi.org/10.1111/jsbm.12334
  • Dutton, J. E, & Jackson, S. E. (1987). Categorizing strategic issues: Links to organizational action. Academy of Management Review, 12(1), 76–90. https://doi.org/10.5465/amr.1987.4306483
  • Eckhardt, J. T., & Ciuchta, M. (2008). Selected variation: The population-level implications of multistage selection in entrepreneurship. Strategic Entrepreneurship Journal, 2(3), 209–224. https://doi.org/10.1002/sej.48
  • Eckhardt, J. T., & Shane, S. A. (2013). Response to the commentaries: The individual-opportunity (IO) nexus integrates objective and subjective aspects of entrepreneurship. Academy of Management Review, 38(1), 160–163. https://doi.org/10.5465/amr.2012.0192
  • Estes, Z., & Hasson, U. (2004). The importance of being nonalignable: A critical test of the structural alignment theory of similarity. Journal of Experimental Psychology: Learning, Memory, and Cognition, 30(5), 1082. https://doi.org/10.1037/0278-7393.30.5.1093
  • Festinger, L. (1957). A theory of cognitive dissonance (Vol. 2). Stanford University Press.
  • Fiet, J. O. (2007). A prescriptive analysis of search and discovery. Journal of Management Studies, 44(4), 592–611. https://doi.org/10.1111/j.1467-6486.2006.00671.x
  • Förster, J. (2009). Relations between perceptual and conceptual scope: How global versus local processing fits a focus on similarity versus dissimilarity. Journal of Experimental Psychology: General, 138(1), 88–111. https://doi.org/10.1037/a0014484
  • Förster, J., Liberman, N., & Shapira, O. (2009). Preparing for novel versus familiar events: Shifts in global and local processing. Journal of Experimental Psychology, 138(3), 383–399. https://doi.org/10.1037/a0015748
  • García, L. M., Deserti, A., & Teixeira, C. (2017). Entrepreneurial design: The role of design as driver of entrepreneurial opportunity generation and assessment. International Journal of Entrepreneurship and Innovation Management, 21(1–2), 64–85. https://doi.org/10.1504/IJEIM.2017.081494
  • Garud, R., & Giuliani, A. P. (2013). A narrative perspective on entreprenuerial opportunities. Academy of Management Review, 38(1), 157–160. https://doi.org/10.5465/amr.2012.0055
  • Gentner, D. (1983). Structure-mapping: A theoretical framework for analogy. Cognitive Science, 7(2), 155–170. https://doi.org/10.1207/s15516709cog0702_3
  • Gentner, D., & Gunn, V. (2001). Structural alignment facilitates the noticing of differences. Memory and Cognition, 29(4), 565–577. https://doi.org/10.3758/BF03200458
  • Gentner, D., & Markman, A. B. (2005). Defining structural similarity. Journal of Cognitive Science, 6(1), 1–20. http://cogsci.snu.ac.kr/jcs/index.php/issues/?pageid=1&mod=document&category1=Volume+6&uid=47
  • Gick, M. L., & Holyoak, K. J. (1980). Analogical problem solving. Cognitive Psychology, 12(3), 306–355. https://doi.org/10.1016/0010-0285(80)90013-4
  • Gick, M. L., & Holyoak, K. J. (1983). Schema induction and analogical transfer. Cognitive Psychology, 15(1), 1–38. https://doi.org/10.1016/0010-0285(83)90002-6
  • Gimeno, J., Folta, T. B., Cooper, A. C., & Woo, C. Y. (1997). Survival of the fittest? Entrepreneurial human captial and the persistence of underperforming firms. Administrative Science Quarterly, 42(4), 750–783. https://doi.org/10.2307/2393656
  • Grégoire, D. A., Barr, P. S., & Shepherd, D. A. (2010). Cognitive processes of opportunity recognition: The role of structural alignment. Organization Science, 21(2), 413–431. https://doi.org/10.1287/orsc.1090.0462
  • Grégoire, D. A., & Shepherd, D. A. (2012). Technology-market combinations and the identification of entrepreneurial opportunities: An investigation of the opportunity-individual nexus. Academy of Management Journal, 55(4), 753–786. https://doi.org/10.5465/amj.2011.0126
  • Grégoire, D. A., Shepherd, D. A., & Lambert, L. S. (2010). Measuring opportunity-recognition beliefs: Illustrating and validating an experimental approach. Organizational Research Methods, 13(1), 114–145. https://doi.org/10.1177/1094428109334369
  • Gruber, M., MacMillan, I. C., & Thompson, J. D. (2013). Escaping the prior knowledge corridor: What shapes the number and variety of market opportunities identified before market entry of technology start-ups? Organization Science, 24(1), 280–300. https://doi.org/10.1287/orsc.1110.0721
  • Hayes, J. C., & Kraemer, D. J. (2017). Grounded understanding of abstract concepts: The case of STEM learning. Cognitive Research: Principles and Implications, 2(1), 1–15. https://doi.org/10.1186/s41235-016-0043-2
  • Haynie, M., & Shepherd, D. A. (2009). A measure of adaptive cognition for entrepreneurship research. Entrepreneurship Theory and Practice, 33(3), 695–714. https://doi.org/10.1111/etap.2009.33.issue-3
  • Heffernan, T., Morrison, M., Basu, P., & Sweeney, A. (2010). Cultural differences, learning styles and transnational education. Journal of Higher Education Policy and Management, 32(1), 27–39. https://doi.org/10.1080/13600800903440535
  • Holland, J. H., Holyoak, K. J., Nisbett, R. E., & Thagard, P. (1989). Induction: Processes of inference, learning, and discovery. MIT Press.
  • Holyoak, K. H., & Koh, K. (1987). Surface and structural similarity in analogical transfer. Memory and Cognition, 15(4), 332–340. https://doi.org/10.3758/BF03197035
  • Hsieh, R. M., & Kelley, D. J. (2016). The role of cognition and information access in the recognition of innovative opportunities. Journal of Small Business Management, 54(S1), 297–311. https://doi.org/10.1111/jsbm.12300
  • Kahneman, D., & Tversky, A. (1979). Prospect theory: An analysis of decision under risk. Econometrica: Journal of Econometric Society, 47(2), 263–291. https://doi.org/10.2307/1914185
  • Keane, M. T., Ledgeway, S., & Duff, S. (1994). Constraints on analogical mapping: A comparison of three models. Cognitive Science, 18(3), 387–438. https://doi.org/10.1207/s15516709cog1803_2
  • Kirzner, I. M. (1997). Entrepreneurial discovery and the competitive market process: An austrian approach. Journal of Economic Literature, 35(1), 60–85.
  • Knight, F. H. (1921). Risk, uncertainty, and profit. Houghton Mifflin Co.
  • Louviere, J. J. (1994). Analyzing decision making: Metric conjoint analysis. Sage Publications, Inc.
  • Markman, A. B., & Loewenstein, J. (2010). Structural comparison and consumer choice. Journal of Consumer Psychology, 10(2), 126–137. https://doi.org/10.1016/j.jcps.2010.01.002
  • Markman, G. D., Siegel, D. S., & Wright, M. (2008). Research and technology commercialization. Journal of Management Studies, 45(8), 1401–1423. https://doi.org/10.1111/j.1467-6486.2008.00803.x
  • Marvel, M. R., Davis, J. L., & Sproul, C. R. (2016). Human capital and entrepreneurship research: A critical review and future directions. Entrepreneurship Theory and Practice, 40(3), 599–626. https://doi.org/10.1111/etap.12136
  • McCoach, D., O’Connell, A., & Levitt, H. (2006). Ability grouping across kindergarten using an early childhood longitudinal study. Journal of Educational Research, 99(3), 339–346. https://doi.org/10.3200/JOER.99.6.339-346
  • McCoach, D. B. (2010). Heirarchical linear modeling. In G. Hancock & R. Mueller (Eds.), The reviewer’s guide to quantitative methods in the social sciences (pp. 123–140). Routledge.
  • Miller, G. A. (1956). The magical number seven, plus or minus two: Some limits on our capacity for processing information. Psychological Review, 63(2), 81–97. https://doi.org/10.1037/h0043158
  • Mueller, B. A., & Shepherd, D. A. (2016). Making the most of failure experiences: Exploring the relationship between business failure and the identification of business opportunities. Entrepreneurship Theory and Practice, 40(3), 457–487. https://doi.org/10.1111/etap.12116
  • Namy, L. L., & Gentner, D. (2002). Making a silk purse out of two sow’s ears: Young children’s use of comparison in category learning. Journal of Experimental Psychology, 131(1), 5–15. https://doi.org/10.1037/0096-3445.131.1.5
  • Navon, D. (1977). Forest before trees: The precedence of global features in visual perception. Cognitive Psychology, 9(3), 353–383. https://doi.org/10.1016/0010-0285(77)90012-3
  • Novick, L. R., & Holyoak, K. J. (1991). Mathematical problem solving by analogy. Journal of Experimental Psychology: Learning, Memory, and Cognition, 17(3), 398–415. https://doi.org/10.1037//0278-7393.17.3.398
  • Plambeck, N., & Weber, K. (2009). CEO ambivalence and responses to strategic issues. Organization Science, 20(6), 993–1010. https://doi.org/10.1287/orsc.1090.0471
  • Podsakoff, P. M., MacKenzie, S. B., Lee, J. Y., & Podsakoff, N. P. (2003). Common method biases in behavioral research: A critical review of the literature and recommended remedies. Journal of Applied Psychology, 88(5), 879–903. https://doi.org/10.1037/0021-9010.88.5.879
  • Ramoglou, S. (2013). Who is a ‘non-entrepreneur’?: Taking the ‘others’ of entrepreneurship seriously. International Small Business Journal, 31(4), 432–453. https://doi.org/10.1177/0266242611425838
  • Ramoglou, S., & Tsang, E. W. (2016). A realist perspective of entrepreneurship: Opportunities as propensities. Academy of Management Review, 41(3), 410–434. https://doi.org/10.5465/amr.2014.0281
  • Raudenbush, S. W., Bryk, A. S., Cheong, Y. F., Congdon, R., & Du Toit, M. (2011). Heirarchical linear and nonlinear modeling (HLM7). Scientific Software International,1112.
  • Ries, E. (2011). The lean startup: How today’s entrepreneurs use continuous innovation to create radically successful businesses. Crown Business.
  • Rosch, E. (1975). Cognitive reference points. Cognitive Psychology, 7(4), 532–547. https://doi.org/10.1016/0010-0285(75)90021-3
  • Sarasvathy, S. D. (2008). Effectuation: Elements of entrepreneurial expertise. Edward Elgar Publishing.
  • Shane, S. (2000). Prior knowledge and the discovery of entrepreneurial opportunities. Organization Science, 11(4), 448–469. https://doi.org/10.1287/orsc.11.4.448.14602
  • Shane, S., & Venkataraman, S. (2000). The promise of entrepreneurship as a field of research. Academy of Management Review, 25(1), 217–226. https://doi.org/10.5465/amr.2000.27916
  • Shepherd, D. A., McMullen, J. S., & Jennings, P. D. (2007). The formation of opportunity beliefs: Overcoming ignorance and reducing doubt. Strategic Entrepreneurship Journal, 1(1–2), 75–95. https://doi.org/10.1002/sej.3
  • Shepherd, D. A., & Zacharakis, A. (1999). Conjoint analysis: A new methodological approach for researching the decision policies of venture capitalists. Venture Capital: An International Journal of Entrepreneurial Finance, 1(3), 197–217. https://doi.org/10.1080/136910699295866
  • Solomon, B. A., & Felder, R. M. (1999). Index of learning styles. North Carolina State University. Available online.
  • Turner, T., & Gianiodis, P. (2018). Entrepreneurship unleashed: Understanding entrepreneurial education outside of the business school. Journal of Small Business Management, 56(1), 131–149. https://doi.org/10.1111/jsbm.12365
  • Ucbasaran, D., Westhead, P., & Wright, M. (2008). Opportunity identification and pursuit: Does an entrepreneur’s human capital matter? Small Business Economics, 30(2), 153–173. https://doi.org/10.1007/s11187-006-9020-3
  • Uygur, U. (2019). An analogy explanation for the evaluation of entrepreneurial opportunities. Journal of Small Business Management, 57(3), pp.757–779. https://doi.org/10.1111/jsbm.12321
  • Wood, M., & McKelvie, A. (2015). Opportunity evaluation as future focused cognition: Identifying conceptual themes and empirical trends. International Journal of Management Reviews, 17(2), 256–277. https://doi.org/10.1111/ijmr.12053
  • Zapkau, F. B., Schwens, C., & Kabst, R. (2017). The role of prior entrepreneurial exposure in the entrepreneurial process: A review and future research implications. Journal of Small Business Management, 55(1), 56–86. https://doi.org/10.1111/jsbm.12232
  • Zhang, S., & Fitzsimons, G. J. (1999). Choice-process satisfaction: The influence of attributed alignability and option limitation. Organizational Behavior and Human Decision Processes, 77(3), 192–214. https://doi.org/10.1006/obhd.1999.2821

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.