Evaluating Entrepreneurial Opportunities with Bibliometric Analysis Approach (2000-2022)
Subject Areas : Public Policy In AdministrationShiva Mehdizadeh Aghdam 1 , Jahangir Yadollahi Farsi 2 , narges Imanipour 3
1 - Department of entrepreneurship, Qazvin Branch, Islamic Azad University, Qazvin, Iran.
2 - Associate Professor, Department of Entrepreneurship Development, Faculty of Entrepreneurship, University of Tehran, Tehran, Iran
3 - Associate Professor, Faculty of Entrepreneurship, University of Tehran, Tehran, Iran
Keywords: Entrepreneurship Opportunities, Opportunity evaluation, document co-citation analysis, Citation analysis,
Abstract :
Background: Many entrepreneurial decisions depend on opportunity evaluation, the cornerstone of entrepreneurship. Time constraints and limited resources indicate the need to evaluate opportunities for entrepreneurial success. Misdiagnosis leads to a waste of time, energy, and resources and increases the likelihood of failure.Objective: By reviewing the previous literature, this article examines research topics and theoretical foundations to evaluate entrepreneurial opportunities and ways to pursue different concepts.Methods: To improve the structure and content of this field, a variety of different concepts is provided by bibliometric analysis.Findings: Creating new insights into evaluating entrepreneurial opportunities and how to study them and previous research findings with a systematic, quantitative and holistic review. Bibliographic analysis in this research is used for future research orientations for developing literature evaluating entrepreneurial opportunities and creating a future research program to promote this field.Conclusion: Our results are in two parts. First, we present the statistical analysis of the bibliographic data set and explain the effect of co-citation analysis and clustering. Second, we categorize and review the conceptual definitions of opportunity evaluation based on their approach.
_||_
مراجع
Alvarez, S. A., & Barney, J. B. (2007). Discovery and creation: alternative theories of entrepreneurial action. Strategic Entrepreneurship Journal, 1(1-2), 11-26. doi:10.1002/sej.4
Ardichvili, A., Cardozo, R., & Ray, S. (2003). A theory of entrepreneurial opportunity identification and development. Journal of Business Venturing, 18(1), 105-123. doi:10.1016/s0883-9026(01)00068-4
Autio, E., Dahlander, L., & Frederiksen, L. (2013). Information Exposure, Opportunity Evaluation, and Entrepreneurial Action: An Investigation of an Online User Community. Academy of Management Journal, 56(5), 1348-1371. doi:10.5465/amj.2010.0328
Bailey, R. C. (2021). Evaluation of International Market Opportunities: A Creation Versus Discovery Perspective. Academy of Management Proceedings, 2021(1), 12716. doi:10.5465/AMBPP.2021.12716abstract
Baker, T., & Nelson, R. E. (2005). Creating Something from Nothing: Resource Construction through Entrepreneurial Bricolage. Administrative Science Quarterly, 50(3), 329-366. doi:10.2189/asqu.2005.50.3.329
Batev, T., & Marks, J. (2019). Temporal Mediation of Uncertainty within Entrepreneurial Opportunity Evaluation. Academy of Management Proceedings, 2019(1), 18765. doi:10.5465/AMBPP.2019.18765abstract
Benegal, S. (2019). Opportunity Evaluation through Social Interactions and Entrepreneurial Micro-action. Academy of Management Proceedings, 2019(1), 17436. doi:10.5465/AMBPP.2019.17436abstract
Bishop, K., & Nixon, R. D. (2006). VENTURE OPPORTUNITY EVALUATIONS: COMPARISONS BETWEEN VENTURE CAPITALISTS AND INEXPERIENCED PRE-NASCENT ENTREPRENEURS. Journal of Developmental Entrepreneurship, 11(01), 19-33. doi:10.1142/s1084946706000246
Bryant, P. (2007). Self‐regulation and decision heuristics in entrepreneurial opportunity evaluation and exploitation. Management Decision, 45(4), 732-748. doi:doi:10.1108/00251740710746006
Chan, C. S. R., & Parhankangas, A. (2017). Crowdfunding Innovative Ideas: How Incremental and Radical Innovativeness Influence Funding Outcomes. Entrepreneurship Theory and Practice, 41(2), 237-263. doi:10.1111/etap.12268
Chandra, Y. (2017). A time-based process model of international entrepreneurial opportunity evaluation. Journal of International Business Studies, 48(4), 423-451. doi:10.1057/s41267-017-0068-x
Corbett, A. C. (2005). Experiential Learning Within the Process of Opportunity Identification and Exploitation. Entrepreneurship Theory and Practice, 29(4), 473-491. doi:10.1111/j.1540-6520.2005.00094.x
Dahlqvist, J., & Wiklund, J. (2012). Measuring the market newness of new ventures. Journal of Business Venturing, 27(2), 185-196. doi:10.1016/j.jbusvent.2010.12.001
Davidsson, P. (2015). Entrepreneurial opportunities and the entrepreneurship nexus: A re-conceptualization. Journal of Business Venturing, 30(5), 674-695. doi:10.1016/j.jbusvent.2015.01.002
De Carolis, D. M., & Saparito, P. (2006). Social Capital, Cognition, and Entrepreneurial Opportunities: A Theoretical Framework. Entrepreneurship Theory and Practice, 30(1), 41-56. doi:10.1111/j.1540-6520.2006.00109.x
Digan, S. P., Kerrick, S. A., & Cumberland, D. M. (2017). The Role of Knowledge on Opportunity Evaluation Decisions: An Example from Franchising. Academy of Management Proceedings, 2017(2). doi:10.5465/ambpp.2015.15447abstract
Dimov, D. (2010). Nascent Entrepreneurs and Venture Emergence: Opportunity Confidence, Human Capital, and Early Planning. Journal of Management Studies, 47(6), 1123-1153. doi:10.1111/j.1467-6486.2009.00874.x
Dimov, D. (2011). Grappling With the Unbearable Elusiveness of Entrepreneurial Opportunities. Entrepreneurship Theory and Practice, 35(1), 57-81. doi:10.1111/j.1540-6520.2010.00423.x
Erzurumlu, S., Canakoglu, E., & Erzurumlu, Y. (2018). Data-Driven Entrepreneurship: A Data Analysis Approach to Business Opportunity Evaluation. Academy of Management Proceedings, 2018(1), 11500. doi:10.5465/AMBPP.2018.11500abstract
Foo, M.-D. (2009). Emotions and Entrepreneurial Opportunity Evaluation. Entrepreneurship Theory and Practice, 35(2), 375-393. doi:10.1111/j.1540-6520.2009.00357.x
Foss, N. J., Klein, P. G., Kor, Y. Y., & Mahoney, J. T. (2008). Entrepreneurship, subjectivism, and the resource-based view: toward a new synthesis. Strategic Entrepreneurship Journal, 2(1), 73-94. doi:10.1002/sej.41
Foss, N., & Klein, P. (2012). Organizing entrepreneurial judgment: A new approach to the firm.
Grégoire, D. A., Noël, M. X., Déry, R., & Béchard, J. P. (2006). Is There Conceptual Convergence in Entrepreneurship Research? A Co–Citation Analysis of Frontiers of Entrepreneurship Research, 1981–2004. Entrepreneurship Theory and Practice, 30(3), 333-373. doi:10.1111/j.1540-6520.2006.00124.x
Grichnik, D., Smeja, A., & Welpe, I. (2010). The importance of being emotional: How do emotions affect entrepreneurial opportunity evaluation and exploitation? Journal of Economic Behavior & Organization, 76(1), 15-29. doi:10.1016/j.jebo.2010.02.010
Gruber, M., Kim, S. M., & Brinckmann, J. (2015). What is an Attractive Business Opportunity? An Empirical Study of Opportunity Evaluation Decisions by Technologists, Managers, and Entrepreneurs. Strategic Entrepreneurship Journal, 9(3), 205-225. doi:10.1002/sej.1196
Gupta, V. K., Goktan, A. B., & Gunay, G. (2014). Gender differences in evaluation of new business opportunity: A stereotype threat perspective. Journal of Business Venturing, 29(2), 273-288. doi:10.1016/j.jbusvent.2013.02.002
Hastie, R. (2001). Problems for Judgment and Decision Making. Annual Review of Psychology, 52(1), 653-683. doi:10.1146/annurev.psych.52.1.653
Haynie, J. M., Shepherd, D. A., & McMullen, J. S. (2009). An Opportunity for Me? The Role of Resources in Opportunity Evaluation Decisions. Journal of Management Studies, 46(3), 337-361. doi:10.1111/j.1467-6486.2009.00824.x
Hellweg, S., & Milà i Canals, L. (2014). Emerging approaches, challenges and opportunities in life cycle assessment. Science, 344(6188), 1109-1113. doi:10.1126/science.1248361
Ireland, R. D., Hitt, M. A., & Sirmon, D. G. (2003). A Model of Strategic Entrepreneurship: The Construct and its Dimensions. Journal of Management, 29(6), 963-989. doi:10.1016/s0149-2063_03_00086-2
Keh, H. T., Der Foo, M., & Lim, B. C. (2002). Opportunity Evaluation under Risky Conditions: The Cognitive Processes of Entrepreneurs. Entrepreneurship Theory and Practice, 27(2), 125-148. doi:10.1111/1540-8520.00003
Kim, J.-S., Choi, J. H., & Lee, Y.-Z. (2010). The Fretting Wear Characteristics of CrN and TiN Coating on Steam Generator Tube. Paper presented at the STLE/ASME 2010 International Joint Tribology Conference.
Krueger, N. F., Reilly, M. D., & Carsrud, A. L. (2000). Competing models of entrepreneurial intentions. Journal of Business Venturing, 15(5), 411-432. doi:10.1016/S0883-9026(98)00033-0
Mbaraonye, I. E., Hanna, A. A., & Titus, V. (2021). What about my family? The role of negative family feedback in entrepreneurial opportunity evaluation. Academy of Management Proceedings, 2021(1), 10229. doi:10.5465/AMBPP.2021.10229abstract
McAllister, C. P., Ellen, B. P., & Ferris, G. R. (2016). Social Influence Opportunity Recognition, Evaluation, and Capitalization: Increased Theoretical Specification Through Political Skill’s Dimensional Dynamics. Journal of Management, 44(5), 1926-1952. doi:10.1177/0149206316633747
McMullen, J. S., & Shepherd, D. A. (2006). Entrepreneurial Action And The Role Of Uncertainty In The Theory Of The Entrepreneur. Academy of Management Review, 31(1), 132-152. doi:10.5465/amr.2006.19379628
Mitchell, J. R., & Shepherd, D. A. (2010). To thine own self be true: Images of self, images of opportunity, and entrepreneurial action. Journal of Business Venturing, 25(1), 138-154. doi:10.1016/j.jbusvent.2008.08.001
Murnieks, C. Y., Cardon, M. S., Sudek, R., White, T. D., & Brooks, W. T. (2016). Drawn to the fire: The role of passion, tenacity and inspirational leadership in angel investing. Journal of Business Venturing, 31(4), 468-484. doi:10.1016/j.jbusvent.2016.05.002
Nerur, S. P., Rasheed, A. A., & Natarajan, V. (2008). The intellectual structure of the strategic management field: an author co-citation analysis. Strategic Management Journal, 29(3), 319-336. doi:https://doi.org/10.1002/smj.659
Raghuram, S., Tuertscher, P., & Garud, R. (2010). Research Note —Mapping the Field of Virtual Work: A Cocitation Analysis. Information Systems Research, 21, 983-999. doi:10.1287/isre.1080.0227
Randhawa, K., Wilden, R., & Hohberger, J. (2016). A Bibliometric Review of Open Innovation: Setting a Research Agenda. Journal of Product Innovation Management, 33(6), 750-772. doi:https://doi.org/10.1111/jpim.12312
Schildt, H. A., Zahra, S. A., & Sillanpää, A. (2006). Scholarly Communities in Entrepreneurship Research: A Co–Citation Analysis. Entrepreneurship Theory and Practice, 30(3), 399-415. doi:10.1111/j.1540-6520.2006.00126.x
Sebestova, J., Rylkova, Z., & Smysl, M. (2007). How to Gain Success in SME? A Case Study of a region in the Czech Republic. 2(1), 41. doi:10.2478/v10033-007-0014-0
Shane, S. (2003). A general theory of entrepreneurship: The individual-opportunity nexus. doi:10.1177/0266242604043697
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. doi:10.1002/sej.3
Shepherd, D. A., Patzelt, H., & Baron, R. A. (2013). “I Care about Nature, but …”: Disengaging Values in Assessing Opportunities that Cause Harm. Academy of Management Journal, 56(5), 1251-1273. doi:10.5465/amj.2011.0776
Tumasjan, A., Welpe, I., & Spörrle, M. (2012). Easy Now, Desirable Later: The Moderating Role of Temporal Distance in Opportunity Evaluation and Exploitation. Entrepreneurship Theory and Practice, 37(4), 859-888. doi:10.1111/j.1540-6520.2012.00514.x
Vogel, P. (2017). From Venture Idea to Venture Opportunity. Entrepreneurship Theory and Practice, 41(6), 943-971. doi:10.1111/etap.12234
Welpe, I. M., Spörrle, M., Grichnik, D., Michl, T., & Audretsch, D. B. (2012). Emotions and Opportunities: The Interplay of Opportunity Evaluation, Fear, Joy, and Anger as Antecedent of Entrepreneurial Exploitation. Entrepreneurship Theory and Practice, 36(1), 69-96. doi:10.1111/j.1540-6520.2011.00481.x
Williams, D. W., & Wood, M. S. (2015). Rule-Based Reasoning for Understanding Opportunity Evaluation. Academy of Management Perspectives, 29(2), 218-236. doi:10.5465/amp.2013.0017
Wood, M. S., & McKinley, W. (2010). The production of entrepreneurial opportunity: a constructivist perspective. Strategic Entrepreneurship Journal, 4(1), 66-84. doi:10.1002/sej.83
Wood, M. S., & Williams, D. W. (2014). Opportunity Evaluation as Rule-Based Decision Making. Journal of Management Studies, 51(4), 573-602. doi:10.1111/joms.12018
Wood, M., Bylund, P., & Bradley, S. (2016). The influence of tax and regulatory policies on entrepreneurs’ opportunity evaluation decisions. Management Decision, 54. 1160-1182. 10.1108/MD-10-2015-0446.
Zupic, I., & Čater, T. (2015). Bibliometric Methods in Management and Organization. Organizational Research Methods, 18(3), 429-472. doi:10.1177/1094428114562629