Reopening the Debate
Edited by Catherine Léger-Jarniou and Silke Tegtmeier
Chapter 5: The opportunity development process of nascent entrepreneurs
This chapter deals with uncovering the entrepreneurial opportunity development (henceforward cited as OD) process by integrating two schools of thought that have been found to be decisive in explaining OD: the human capital and the social capital approaches. By means of systematic, rule-guided qualitative content analysis, nine in-depth, problem-centred, semi-structured interviews were examined. The subjects being studied consisted of theoretically sampled individuals who were in the process of further developing a raw idea. A constructive process of methodological controlled analysis with inductive category development was applied, summarized in a coding agenda. Results reveal that OD processes differ significantly depending on the starting point of the intended new venture: an identified opportunity (idea-driven) or the decision to become self-employed (self-employment-driven). Further, the study identifies a well-directed enhancement of human and social capital in the OD process. The chapter discusses the propositions derived, and provides some future directions for this line of research.
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