From Signal Recognition to Entrepreneurial Opportunity Identification

Information processing by entrepreneurs has been associated with problem solving and decision making, innovation, opportunity recognition and with the entrepreneur's alertness. It has been posited as a frame which is needed to organize research across the domain of entrepreneurship and as a gui...

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Bibliographic Details
Published inICSB World Conference Proceedings p. 1
Main Authors Vaghely, Ivan-P, Julien, Pierre-André
Format Conference Proceeding
LanguageEnglish
Published Washington International Council for Small Business (ICSB) 01.01.2008
Subjects
Behavior
Decision making
Entrepreneurs
Entrepreneurship
Heuristic
Information management
Information processing
Innovations
Small & medium sized enterprises-SME
Studies
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Summary:Information processing by entrepreneurs has been associated with problem solving and decision making, innovation, opportunity recognition and with the entrepreneur's alertness. It has been posited as a frame which is needed to organize research across the domain of entrepreneurship and as a guide for future related research. According to the literature, weak signals contain opportunity laden rich information; and information processing, innovation and opportunity identification are closely related to one another, opportunity being a critical attribute of entrepreneurship. The objective of this paper is to review the progress made by a seven-year research program on human information processing in SMEs; present the methodology used to explore, uncover and understand what lies behind human information processing about which little is known; discuss the major research issues raised; present the theoretical, practical and classroom results to date; show some of the limitations and outline the next short-term steps and possible long-term directions.