A Capital Theory Framework for Opportunity Recognition

Abstract

A key difficulty in the study of the entrepreneurial process converges on why some individuals and not others recognize opportunities (Venkatraman, 1997). This study seeks to determine whether the skills and abilities of opportunity recognition identified by previous research together can increase recognition of opportunities. A capital framework, built on capital theory and resource-based theory, provide a model for logistical regression analysis. The practical implications gleaned from the statistical analysis provide a basis for suggestions for a specific type of policy undertaking.