opportunity identification and pursuit does an entrepreneur’s human capital matter

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1、SmallBusinessEconomics(2008)30:153–173ÓSpringer2007DOI10.1007/s11187-006-9020-3OpportunityIdentificationandPursuit:DoesanEntrepreneurÕsHumanCapitalDenizUcbasaranPaulWestheadMatter?MikeWrightABSTRACT.Extendinghumancapitalapproachestoentre-Bates,1990;Cressy,1996;Gim

2、enoetal.,1997;preneurship,anentrepreneurÕs‘‘inputs’’relatingtotheirgeneralBosmaetal.,2004).Currently,opportunityori-(i.e.educationandworkexperience)andentrepreneurship-entedconceptualisationsofentrepreneurshiparespecifichumancapitalprofile(i.e.businessownershipexpe

3、ri-attractingattention(ShaneandVenkataraman,ence,managerialcapabilities,entrepreneurialcapabilitiesandtechnicalcapabilities)arepresumedtoberelatedtoentrepre-2000;Shane,2003)butthehumancapitalprofilesneurial‘‘outputs’’intheformofbusinessopportunityidentifi-ofentrepr

4、eneurswhoidentifyandpursuemorecationandpursuit.Validandreliableindependentvariablesbusinessopportunitiesarenotwellunderstoodweregatheredfromastratifiedrandomsampleof588ownersof(Busenitzetal.,2003).Shane(2003)arguesthatprivatefirms.Orderedlogitanalysiswasusedtotests

5、everalventureperformanceisdeterminedbyhowtheoreticallyderivedhypotheses.Withregardtothenumberofbusinessopportunitiesidentifiedandpursued,entrepreneur-effectivelytheentrepreneurdealswithentrepre-ship-specificratherthangeneralhumancapitalvariablesneurialprocessactivit

6、iesrelatingtoopportunity‘‘explained’’moreofthevariance.Entrepreneursreportingidentification,evaluationandexploitationhigherinformationsearchintensityidentifiedsignificantlymore(Ardichvilietal.,2003).Bysolelyfocusingonbusinessopportunities,buttheydidnotpursuemarkedly

7、moreventureperformance,theeffectsofthevariousorlessopportunities.Theuseofpublicationsasasourceofinformationwaspositivelyassociatedwiththeprobabilityofactivitiesthatleadtothatperformancemaybeidentifyingmoreopportunities,whileinformationemanatingconfounded.Thereis,t

8、herefore,aneedtofrompersonal,professionalandbusinessnetworkswasnot.disentangletheactivitiesinvolvedintheentre-Implicationsforpractitionersandresearchersaredisc