To most, opportunity recognition and exploitation are the key activities of entrepreneurship. In their 1989 paper on the subject the authors identified a factor structure useful in explaining the process. The present work compares the 1998 results with the 1989 results. Evidence is provided that there is a stable temporal model of opportunity recognition and exploitation.
Schwartz, R.G. and Teach, R.D. (2000), "A Model of Opportunity Recognition and Exploitation: An Empirical Study of Incubator Firms", Journal of Research in Marketing and Entrepreneurship, Vol. 2 No. 2, pp. 93-107. https://doi.org/10.1108/14715200080001541
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