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1.23 Advanced Exercises

1.23.1 Read the following books and articles. Based on your reading, discuss in class the discovery and creation of opportunity. What are the differences? Think of entrepreneurs whom you know personally. How did they discover or create their opportunity? Did they prepare a business plan or did they have a plan “in mind,” which was not written formally. Did they have to revise the plan, how many times, and what were the reasons for revision. Did they consider the possibility of failure? Was there something in the process of creating the firm that they had overlooked? What was the biggest surprise? These articles are not in alphabetical order but in the intended reading order.

  1. Shane, S., and S. Venkataraman. 2000. The promise of entrepreneurship as a field of research. Academy of Management Review 25:217–226.
  2. Shane, S. 2000. Prior knowledge and the discovery of entrepreneurial opportunities. Organization Science 11(4): 448–470.
  3. Sarasvathy, S. D. 2001. Causation and effectuation: Toward a theoretical shift from economic inevitability to entrepreneurial contingency. Academy of Management Review 26(2): 243–263.
  4. Eckhardt, J. T., and S. A. Shane. 2003. Opportunities and entrepreneurship. Journal of Management 29(3): 333–349.
  5. Alvarez, S. A., and J. B. Barney. 2007. Discovery and creation: Alternative theories of entrepreneurial action. Strategic Entrepreneurship Journal 1:11–26.
  6. Shane, S. 2012. Reflections on the 2010 decade award: Delivering on the promise of entrepreneurship as a field of research. Academy of Management Review 37:10–20.
  7. Venkataraman, S., S. D. Sarasvathy, N. Dew, and W. R. Forster. 2012. Reflections on the 2010 decade award: Whither the promise? Moving forward with entrepreneurship as a science of the artificial. Academy of Management Review 37:21–33.
  8. Alvarez, S. A., and J. B. Barney. 2013. Forming and exploiting opportunities: The implications of discovery and creation processes for entrepreneurial and organizational research. Organization Science 24:301–317.
  9. Alvarez, S. A., and J. B. Barney. 2013. Epistemology, opportunities, and entrepreneurship: Comments on Venkataraman et al. (2012) and Shane (2012). Academy of Management Review 38:154–157.
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