Eleonore Huang Vogel
Entrepreneurial Opportunity Recognition and Exploitation in the Academia: a Dynamic Process of Networking?
Abstract: Academic Entrepreneurship has drawn large research
interest over the last decade. However, few research focus on the processes
behind entrepreneurial behavior in favor of more “linear” perspectives such
as the individuals´ transformation from an academic to an entrepreneur
measured by e.g. number of start-ups. This paper focuses on entrepreneurial
opportunities, its nature and source, and speaks for the usefulness of a
social network perspective on academic entrepreneurship. Inter-disciplinary
literature is reviewed for research on the significance of social network
to entrepreneurial behavior of academics, or more precisely; social
networks significance to opportunity recognition, evaluation and
exploitation among entrepreneurial academics. Academic entrepreneurial
actions are viewed as non-isolated, non-deterministic, and dynamic
co-creations through social networks. Finally concluding remarks,
hypotheses and research ideas are presented in which the commercialization
process may not be seen as a linear but dynamic process, the opportunity
may be created or originate in new knowledge and in turn may be recognized
by any member within the academic´s social network and that encouragement
and various resources necessary for entrepreneurial action may be added by
yet others within the network.
Keywords: academic entrepreneurship; networks; opportunity recognition; innovation; co-creation; (follow links to similar papers)
JEL-Codes: I23; I24; L26; O31; (follow links to similar papers)
20 pages, November 29, 2013
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