The first research stream examines the entrepreneur as the individual who discovers opportunities within the economic and institutional framework (Cuervo, 2005 Hitt et al., 2001 Schumpeter, 1934, 1950), whereas the second research stream depicts the entrepreneur as a corporate entrepreneur as well as a discoverer. ![]() 218), entrepreneurship is “the study of sources of opportunities the processes of discovery, evaluation, and exploitation of opportunities and the set of individuals who discover, evaluate, and exploit them.” Numerous scholars have adopted this description of entrepreneurial action (Barret and Mayson, 2008 Hitt et al., 2001 Peredo and McLean, 2006 Shane et al., 2003 Venkataraman, 1997), and it features prominently in two research streams. In the words of Shane and Venkataraman (2000, p. The first dimension corresponds to the discovery of new opportunities, whereas the second dimension corresponds to creating and exploiting opportunities. ![]() In its relationship with entrepreneurship, business management has two dimensions.
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