An important conversation in entrepreneurship focuses on the question of whether entrepreneurial opportunities are objective or subjective. The discovery view suggests that they are objective. The creation view suggests they are subjective. Resolving the debate requires first understanding what...

Despite calls to integrate opportunity formation into our understanding of entrepreneurial action, the opportunity discovery model continues to dominate scholarship and practice. Current research on entrepreneurial action assumes that the core challenge for entrepreneurs is the problem of...

A premise of the capabilities perspective in strategy is that firm-specific capabilities allow some firms to be unusually adept at exploiting growth opportunities. Since few firms have the capacity to internally generate the quantity or variety of strategic resources needed to exploit growth...