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Entrepreneurial Success, Orientation and Opportunity Recognition

Authors: Manoj Joshi;

Entrepreneurial Success, Orientation and Opportunity Recognition

Abstract

There are no fixed parameters or tools that can define the path of entrepreneurial success. Successes are as predominant as failures. Until now, there are no established methodologies that fit the likes and want to those tending to become entrepreneur(s). However the conventional wisdom allows us to think that the business might be done as follows. First to identify and evaluate an opportunity, followed by to develop a business concept, assess and acquire resources, manage the venture, and then harvest and distribute value (Stevenson, 1994). The conventional wisdom also holds that a successful entrepreneur is someone who possesses certain characteristics, including: commitment, perseverance, tolerance for risk and a high level of integrity and reliability (Timmons, 1989). There may be slight or major variations but what is important is the beginning with an idea. Thus if the idea is good enough to attract and motivate oneself, then it leads to the assimilation and transformation into reality, while ending up with a successful business. At times if the idea is bad, the entrepreneur fails in transforming it into reality. Hence, the business fails and ends up with a loss, perhaps to bankruptcy. However, this “wisdom” now seeks a challenge.

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
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