Essay on A Research Study On Entrepreneurial Alertness

Essay on A Research Study On Entrepreneurial Alertness

Length: 1060 words (3 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

Entrepreneurial alertness plays a significant role in pursuit of new opportunities (Kirzner, 1999). Building on the arguments on alertness presented by Tang and his colleagues in 2012 as well as Sarasvathy’s work on opportunity identification (2003) and stage theory, this research studies how alert connection — one dimension of entrepreneurial alertness promotes opportunity identification throughout development stages in both mature and immature markets. By studying the examples of successful entrepreneurs, I further explore the alert connection in the market characterized by unmet needs and the differences in the opportunity identification process in var-ious business fields. I then conduct interview with representatives from corresponding fields to validate my findings. Finally, I conclude that the alert connection that generates from prior knowledge, past experience, consumers’ need and innovations promotes the opportunity identifi-cation process in four patterns, providing implications for both future research and practice.
Opportuntiy identification is a core concept in the field of entrepreneurship (Short, Ketchen, Shook and Ireland, 2010). Factors that lead to recognizing opportunities include prior experiences, personality traits, changes in the broader environment, learning asymmetries, and perspective taking (Corbett, 2005; Shane, 2000; Shepherd, McMullen and Jennings, 2007; Prandelli, 2016). Moreover, discovering commercial opportunities has been associated with personal awareness that helps entrepreneurs to utilize and interpret information in various domains of knowledge (Gaglio and Katz, 2001). Alert connection, as one of the complementary dimensions of entrepreneurial alertness...

... middle of paper ... Kim and Mauborgne (2005) claimed, “Red oceans will always matter and will always be a fact of business life.” In the com-petitive red oceans, entrepreneurs must grab a greater share of existing demand in order to earn profits. In contrast, blue oceans denote all the industries not in existence today – in other words, they represent the immature market. Blue oceans are characterized by untapped market space, demand creation, and the opportunity for highly profitable growth. Most of them are created from red oceans by expanding existing industry boundaries.
In my research, I study how the patterns of alert connection change from the blue ocean to the red ocean, which also corresponds to the firms’ transition from early stage to late stage. Fur-thermore, I explore how this change motivates entrepreneurs to seize new profit and growth op-portunities.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

A Research Study On Research Essay

- Research starts with a hypothesis. Once your hypothesis is well developed you must execute your plan to test it. Conducting developmental research typically requires a design method and a research strategy. Research designs are the general plans to test the hypothesis. Common design methods include longitudinal, cross section and sequential. Research strategies are methods for gathering data. Research strategies include systemic observation, self-reports, clinical method, and ethnography. The longitudinal design for research development consist of studying the same participants over a period of time (Berk, 2010)....   [tags: Research methods, Scientific method, Cohort study]

Better Essays
1148 words (3.3 pages)

Essay on Benefits Of Caffeine, Alertness And Task Performance

- Benefits of Caffeine Alertness and Task Performance Researches also show that caffeine helps people to concentrate longer and do better on simple mental or physical task (Klosterman, 2007). Caffeine gives energy boost that helps the person do routine activities, but that same energy makes it harder to settle down and patiently tackle a complex or new mental challenge (Klosterman, 2007). Mood Enhancer One study of more than 86 000 female nurses by research of Harvard Medical School looked for a correlation between caffeine consumption and suicide (Klosterman, 2007)....   [tags: Caffeine, Coffee, Stomach, Blood]

Better Essays
1872 words (5.3 pages)

A Research Study On Quantitative Research Essay

- Main Question Post: Discussion 5 Introduction A research design is a benchmark utilized in planning, implementation, and exploring a study, and blueprint for solving the research question or hypothesis. According to Polit and Beck (2017), in research study arrays of research questions and hypothesis mandates research designs that differs hence it is imperative for the scholar-researchers to have a comprehensive knowledge base related to arrays of research designs accessible. Research designs are usually categorized as quantitative or else qualitative, lately, research scholars are now collectively changing to blending research designs of both quantitative and qualitative....   [tags: Scientific method, Research]

Better Essays
911 words (2.6 pages)

Essay about A Research Study On Quantitative Research

- Many describe Quantitative research method as the oldest form of social research and trusted by most researchers as they believe that anything that has been proven with the help of numbers cannot be wrong (Alston & Bowles, 2012, p. 10). Basically Quantitative method deals with numbers, the researcher 's own presence is minimal and has deductive approach. It is most commonly used when, one began with a Hypothesis and that needed to confirm or reconfirm through research. It is a type of research in which the researcher decide what to study, ask specific questions, collects quantifiable data, analysis these data and conducts the enquiry in an objective manner....   [tags: Scientific method, Qualitative research]

Better Essays
1265 words (3.6 pages)

Essay on A Research Study On Scientific Research

- Introduction Scientific research is a variety of methods to help investigate ways to solve problems and find causes and effects of different information. Zmatana. K (2012) brings forth the argument that for research to be classified as scientific it needs a set of guidelines, protocols and long established methods to gather documenting information. Reliability is defined as how frequent a research can yield the same or similar results. Validity is how a research paints a real picture of the real world by including thoughts and feelings of answers and results given....   [tags: Scientific method, Qualitative research]

Better Essays
1390 words (4 pages)

A Research Study On Quality Research Essay

- Quality Research The topic of research has yielded a multitude of definitions and theories as to what it truly is. One just needs to conduct a simple search via the internet to see how vast the responses for definitions are. One key term that is repeated in many of the definitions is systematic. Cottrell and McKenzie (2011) state their definition as: “a systematic investigation involving the analysis of collected information or data that ultimately is used to enhance health education knowledge or practice and answers one or more questions about a health-related theory, behavior, or phenomenon” (p....   [tags: Scientific method, Research, Data analysis]

Better Essays
1651 words (4.7 pages)

Essay on Types Of Study Research On Research

- Types of Study Research One particular case in point is, the actual fact in which the term research ' is definitely implemented incorrectly applied. Effective suggestions are generally in which recognize erroneous utilization that belongs towards the phrase is comprised of such conditions as, acquiring critical information as well as particulars or significant facts without requiring a specific function ', to make certain essential information to consider as a possible component of assessment, it should be centered on an impartial) in addition to that, rebuilding not to mention reordering important information together with data or perhaps knowledge with no need of understanding (Sekaran, 20...   [tags: Scientific method, Research, Science, Hypothesis]

Better Essays
1639 words (4.7 pages)

A Research Study On Research Essay

- Synthesis Paper 3 research is conducted by all types of business, companies and organizations to gain information about products and different topics. Also, it was brought to Rose’s attention that behavioral science had four goals: description of behavior, prediction of behavior, determining the causes of behavior, and explanation of behavior (Cozby and Bates 2012). Rose learned about the APA style in the first module, and the information was a great help in writing her first paper. She learned how to set up the paper with a title page, abstract, body and bibliography....   [tags: Research, Scientific method, Psychology]

Better Essays
1055 words (3 pages)

Essay about Voting Research Study

- This research is targeting the population which are citizens eligible to vote, in this case above the age of 18. There are a mix of Qualitative and quantitative research. About 8 focus groups of sizes Between 6-8 will be conducted at the electoral commission. A couple Of depth interviews will be conducted. The profile of these participants Are citizens eligible to vote. They are picked at random. These research Methods provide a rich insight to the research problem. On the other hand, quantitative research is as important as qualitative research....   [tags: Voting Research Study Australia]

Free Essays
1666 words (4.8 pages)

Entrepreneurial Revolution Essay

- Kuratko and Hodgetts (2001) mentioned that “we are having entrepreneurial revolution in this twenty first century”. This is the period where entrepreneurs will grow like mushroom after the raining season. On the other hand in Malaysia, according to department of statistic (2009) the number of people who become entrepreneurs have shown a reducing trend since 1982 to 2008 where it had gone down to 20.9% from 25.1%. This shows that many people prefer to work with private sector or government rather than becoming entrepreneurs....   [tags: Business, Entrepreneurs]

Free Essays
777 words (2.2 pages)