Showing posts from July, 2018

Actualization Theory of Entrepreneurial Opportunities

 The actualization theory of entrepreneurial opportunities introduced by Ramoglou and Tsang (2016) is intended to bridge the gap between discovery and creation theories of entrepreneurial opportunity. The discovery perspective views entrepreneurial opportunities as existing out there in objective reality waiting to be found and exploited by entrepreneurs. This implies that if an opportunity does not exist, then no amount of effort to exploit it will be fruitful. One would be spinning their wheels! Denying the objective existence of opportunities is a bit like arguing that if Edison had died early, we might not have the electric world we current experience as perhaps only he could subjectively construct the notion of electric light. Clearly it is a stretch to have so little faith in multiple independent invention. The creation perspective takes the opposite view, suggesting that opportunities do not exist outside of entrepreneurs themselves and are created by their cognitions and action

Entrepreneurial Passion

We have all seen motivation memes about passion. Some popular ones include: "passion never fails", "I live my passion", "follow your passion", "passion is priceless", "passion is purpose", "make your passion your paycheck", "your passion is your success", "ignite your passion", "find your passion", "your passion will find you" . . . We have also witnessed entrepreneurial passion on display when entrepreneurs pitch their ideas to potential investors. TV shows like Dragon's Den and Shark Tank have helped to place passion at the center of our attributions of potential entrepreneurial success. "I like your passion" is a hallmark comment preceding made-for-TV deal-making. Passion and entrepreneurship Over the last two decades, entrepreneurship researchers have started to unpack the concept of entrepreneurial passion, which has long been a mainstay of motivational rheto

Brain Parasite Theory of Entrepreneurship

As always, we should take new theories with a grain of salt. In this case, you might get a little grossed out! The Toxoplasma gondii parasite is carried by felines (cats) and has be found to infect their human masters too. The parasite can be caught through contact with the animals and their bodily fluids and solids. The parasite causes brain cysts that last a lifetime and lead to behaviors including bipolar disorder, reduced fear, and lower IQ. Some have estimated that over 2 billion humans have been infected, though infection rates differ greatly by country. For instance, the U.S. infection rate is around 3%, while it may be as high as 50 to 70% in France and Mexico. Petr Houdek at University of Economics in Prague reviewed the literature in a 2017 paper published in the Academy of Management Perspectives . Research by Stefanie Johnson (Leeds School of Business) and colleagues (a gang of non-biologists) suggests that those infected by the virus are 1.7 times more likely to ch

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