From Ideas to Opportunities: Exploring the Construction of Technology-Based Entrepreneurial Opportunities

Ferran Giones, Zhao Zhou, Francesc Miralles, Bernhard Katy

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Abstract

The transformation of business ideas into market opportunities is at the core of entrepreneurship. Nevertheless, the complexity of such a transformative process is seen to change depending on the variables influencing the opportunity-entrepreneur nexus. Although technology-entrepreneurship is regarded as a force of change and dynamism in socio-economic growth, it also depends upon an intricate process of opportunity development. The interest in understanding better how technology-based entrepreneurs simultaneously cope with technological uncertainty while trying to gain stakeholder support and access to resources, highlights a relevant research gap. The research described in this article uses the constructivist view to deepen our understanding of the technology-based entrepreneur’s conceptualization of the opportunity as a process of social construction. Our results show how initial consensus-building efforts and iteration with knowledgeable peers are an essential part of the emergence of the opportunity, changing both entrepreneur's and stakeholders' perceptions of the early business idea. Consequently, our results provide evidence in support of policy programs and measures that favour social-construction support mechanisms to foster technology-based entrepreneurship.
Original languageEnglish
JournalTechnology Innovation Management Review
ISSN1927-0321
Publication statusPublished - Jun 2013
Externally publishedYes

Keywords

  • Technology entrepreneurship
  • constructivism
  • Entrepreneurship

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    • 1 Peer review of manuscripts

    Technology Innovation Management Review (Journal)

    Ferran Giones (Peer reviewer)

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