Understanding the Cognitive Processes involved in Technological Entrepreneurial Opportunity Recognition

  • P. Bhaskara Reddy
  • R. Praven Reddy
  • S. Madhu
Keywords: Industrial, Authority, Approach, Perceptive, Gratitude, Cognition, Experimental, Inspiration, Proficiency

Abstract

In the state-of-the art An Agenda for Future Research, Corbett and McMullen (2011) summarize the current state of the research in the following words - “Despite its many achievements, learning at the connection of free enterprise and cognition has focused primarily on the consequences of what happens when an industrialist profit from various cognitive characteristics, resources, or other dispositions. As such, cognitive study in free enterprise continues to experience from narrow theoretical articulations and weak theoretical practicalities that lower its role to the managerial sciences.”According to Santos and Eisenhardt (2004)“ entrepreneurs categorize innovative opportunities for the conception of worth, and construct a market around those opportunities” triumphant chance appreciation leads to successful start-ups and leads to the vibrancy of economy.  However, very little work has been done in this field (Mitchell et al., 2014).

 

References

(1) Baron, R. A., & Ensley, M. D. (2006). Opportunity recognition as the detection of meaningful patterns: Evidence from comparisons of novice and experienced entrepreneurs. Management science, 52(9), 1331-1344.

(2) Brooks, F., 2003. Is There a Design of Design? NSF Workshop on Science of Design: Software Intensive Systems.

(3) Busenitz, L. W., & Barney, J. B. (1997). Differences between entrepreneurs and managers in large organizations: Biases and heuristics in strategic decision-making. Journal of business venturing, 12(1), 9-30.

(4) Christensen, P. S., Madsen, O. O., & Peterson, R. (1994). Conceptualizing entrepreneurial opportunity identification. Marketing and Entrepreneurship: Research Ideas and Opportunities. Ed. G. Hills. Westport, CT: Greenwood Press.

(5) Corbett, A. C. (2007). Learning asymmetries and the discovery of entrepreneurial opportunities. Journal of Business Venturing, 22(1), 97-118.

(6) Corbett, A. C., Siegel, D. S., & Katz, J. A. (Eds.). (2014). Academic Entrepreneurship: Creating an Entrepreneurial Ecosystem (Vol. 16). Emerald Group Publishing.

(7) Cronbach, L. J. (1951). Coefficient alpha and the internal structure of tests.psychometrika, 16(3), 297-334.

(8) Crawford, P., Lang, S., Fink, W., Dalton, R., and Fielitz, L. (2011). Comparative Analysis of Soft Skills: What is important for New Graduates. Michigan State University and the University Industry Consortium. 1-24.

(9) DeTienne, D. R., & Chandler, G. N. (2004). Opportunity identification and its role in the entrepreneurial classroom: A pedagogical approach and empirical test. Academy of Management Learning & Education, 3(3), 242-257.

(10) Ericsson, K. A., & Simon, H. A. (1980). Verbal reports as data.Psychological review, 87(3), 215.

(11) Gaglio, C. M. (1997). Opportunity identification: Review, critique and suggested research directions. Advances in entrepreneurship, firm emergence and growth, 3, 139-202.

(12) Gaglio, C. M., & Katz, J. A. (2001). The psychological basis of opportunity identification: Entrepreneurial alertness. Small business economics, 16(2), 95-111.

(13) Gangaiah, B., &Viswanath, J. (2014). Impact of Indian Management Education in Developing Entrepreneurial Aspirations and Attitudes among Management Students.Asia Pacific Journal of Research Vol: I Issue I.

(14) Garud, N., & Prasad, L. Managerial Cognition in R&D Processes Within Indian hi-tech firms: A Conceptual Framework.

(15) Grégoire, D. A., Corbett, A. C., & McMullen, J. S. (2011). The cognitive perspective in entrepreneurship: an agenda for future research. Journal of Management Studies, 48(6), 1443-1477.

(16) Groves, K., Vance, C., & Choi, D. (2011). Examining entrepreneurial cognition: an occupational analysis of balanced linear and nonlinear thinking and entrepreneurship success. Journal of Small Business Management, 49(3), 438-466.

(17) Kirzner Israel, M. (1973).Competition and entrepreneurship.

(18) Kirzner Israel, M. (1979), Perception, Opportunity and Profit. Chicago.

(19) Knowlton, B. (1997). Declarative and nondeclarative knowledge: Insights from cognitive neuroscience. Knowledge, concepts, and categories, 215-246.

(20) Kundu, S. C., & Rani, S. (2008). Human resources' entrepreneurial attitude orientation by gender and background: a study of Indian Air Force trainees. International Journal of Management and Enterprise Development, 5(1), 77-101.

(21) Mitchell, R. K., Busenitz, L. W., Bird, B., Marie Gaglio, C., McMullen, J. S., Morse, E. A., & Smith, J. B. (2007). The central question in entrepreneurial cognition research. Entrepreneurship Theory and Practice, 31(1), 1-27.

(22) Mitchell, J. R., Mitchell, R. K., & Randolph-Seng, B. (Eds.). (2014). Handbook of entrepreneurial cognition. Edward Elgar Publishing.

(23) Pistrui, D., Bonnstetter, R., Bonnstetter, B. J., & Fry, C. C. (2011). Creating, Educating and Assessing a New Class of Entrepreneurial Minded Engineers.The Journal of Engineering Entrepreneurship, 2(2), 1-14.

(24) Pistrui, D., Layer, J. K., & Dietrich, S. (2012). Mapping the behaviors, motives and professional competencies of entrepreneurially minded engineers in theory and practice: an empirical investigation. In Proceedings American Society for Engineering Education 2012 Annual Conference.

(25) Shane, S., &Venkataraman, S. (2000).The promise of entrepreneurship as a field of research.Academy of management review, 25(1), 217-226.

(26) Shaver, K. G., & Scott, L. R. (1991). Person, process, choice: The psychology of new venture creation. Entrepreneurship theory and practice, 16(2), 23-45.

(27) Vance, C. M., Groves, K. S., Paik, Y., & Kindler, H. (2007). Understanding and measuring linear–nonlinear thinking style for enhanced management education and professional practice. Academy of Management Learning & Education, 6(2), 167-185.

(28) Wallgren, L. G. and Hanse, J. J. (2007). Job characteristics, motivators, and stress among information technology consultants: A structural equation modeling approach. International Journal of Industrial Ergonomics, 37(1): 51-59.

(29) Williams, L.J., Edwards, J.R., and Vandenberg, R.J. (2003). Recent advances in causal modeling methods for organizational and management research. Journal of Management, 29(6): 903-936.

Published
2015-11-05
How to Cite
Reddy, P. B., Reddy, R. P., & Madhu, S. (2015). Understanding the Cognitive Processes involved in Technological Entrepreneurial Opportunity Recognition. Transactions on Machine Learning and Artificial Intelligence, 3(5), 1. https://doi.org/10.14738/tmlai.35.1511