Opportunity recognition and opportunity exploitation are two central concepts in the entrepreneurial process. However, there is a lack of both a clear specification of the…
Opportunity recognition and opportunity exploitation are two central concepts in the entrepreneurial process. However, there is a lack of both a clear specification of the content domains of the constructs and valid and reliable multi-item scales for their measurement. The paper aims to discuss these issues.
This paper first reveals existing issues around the definitions and measures relating to the concepts, then defines their content domains, and also proposes scale items to measure the concepts. Four samples are used to develop the measurement instruments.
Two scales are suggested, one to measure opportunity recognition, and other to measure opportunity exploitation. The scales demonstrate reliability and construct, discriminant, and nomological validity.
The resulting instruments provide tools for research and practice that could prove valuable when examining the antecedents and consequences of both opportunity recognition and opportunity exploitation.
An analysis of the factors and reasons for collaboration, partnerships, and mergers in the profit sector is undertaken in this chapter. All terms used are defined, particularly as they apply in the world of for-profit enterprises. Through a thorough review of the literature, the authors provide an outline of historically significant successes and failures of mergers and acquisitions (M&A) in the corporate world and derive lessons from them as they might apply to the nonprofit sector. The reasons that drive both sectors toward such initiatives are discussed with an analysis and comparison of similarities and differences. Both successful mergers and failures are described, primarily through case studies. In addition, human aspects and implications are addressed. Issues such as fear, trust, processes, and psychological challenges of M&A are examined in depth. The influence of communication—the good, the bad, and the ugly—are analyzed from the perspective of clients, regulators, employees, and stakeholders, with reflections on the importance of communication and careful management of change processes. The chapter concludes with a summary of the lessons which can be derived from the literature with a view to providing guidance for similar efforts for information and library organizations.
This essay reports work in cybernetics that it is believed can shed light on methodological and conceptual issues in the study of child development. To do so, cybernetics…
This essay reports work in cybernetics that it is believed can shed light on methodological and conceptual issues in the study of child development. To do so, cybernetics is placed in the larger context of the philosophy of science, drawing particularly on the work of Frederick Suppe and Nicholas Rescher. The concept of explanation in cybernetics is used to elucidate controversies concerning “mechanistic” and “organismic” types of explanation. An account is given of several models that appear to be of use in explicating the concepts of development, self‐organisation and morphogenesis. Finally, the distinctions between first‐ and second‐order cybernetics (due to von Foerster) and taciturn and language oriented systems (due to Pask) are invoked to encompass the social dimensions of child development.