Research Handbook on Entrepreneurial Opportunities
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Research Handbook on Entrepreneurial Opportunities

Reopening the Debate

Edited by Catherine Léger-Jarniou and Silke Tegtmeier

With a wide-ranging set of contributions, this book provides a compilation of cutting-edge original research in the field of entrepreneurial opportunities. The book reopens the subject from diverse perspectives focusing on theories and approaches to entrepreneurial opportunities. The book has been complemented by an outstanding Delphi panel of six leading scholars of the field: Lowell Busenitz, Dimo Dimov, James O. Fiet, Denis Grégoire, Jeff McMullen and Mike Wright. This carefully edited selection of current and topical contributions will be of immense value to students, researchers and scholars interested in the field of entrepreneurial opportunities.
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Chapter 5: The opportunity development process of nascent entrepreneurs

Silke Tegtmeier and Catherine Léger-Jarniou

Abstract

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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