Barriers to entrepreneurship: opportunity recognition vs. opportunity pursuit.

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From: Review of Managerial Science(Vol. 16, Issue 4)
Publisher: Springer
Document Type: Report; Brief article
Length: 181 words

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Abstract :

Keywords: Entrepreneurship; Barriers; Opportunity recognition; Opportunity pursuit; Abduction; Method Abstract Entrepreneurship is a phenomenon associated with wealth generation and economic development in a region or country. However, despite significant advancement in our understanding of this complex concept our understanding of its heterogeneity in countries across the world is limited. In this paper, we utilize barriers to entrepreneurship to explain that heterogeneity. We define barriers to entrepreneurship as conditions that prevent opportunity recognition and/or opportunity pursuit. We propose that cognitive-psychological factors may lead to discovery- lifestyle and growth--well-being barriers social-institutional factors may create access and legitimacy barriers and economic-operational factors may erect location and magnitude barriers. Using an abduction method, we enrich this theory by analyzing the stories of entrepreneurs and the coping strategies they use to overcome barriers to entrepreneurship. Author Affiliation: (1) Alfaisal University, Riyadh, Saudi Arabia (2) Duke University Corporate Education, Durham, USA (3) Anderson School of Management, The University of New Mexico, 87131-0001, Albuquerque, NM, USA (4) Nazarbayev University, Nur-Sultan, Kazakhstan (c) Article History: Registration Date: 05/31/2021 Received Date: 08/07/2020 Accepted Date: 05/31/2021 Online Date: 06/16/2021 Byline:

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Gale Document Number: GALE|A702342479