Entrepreneurial Opportunities as the Heart of Entrepreneurship Research: A Reflection on Venkataraman (1997)

  • Golshan Javadian
  • Robert P. Singh


In this chapter we review the seminal article of Venkataraman (Adv Entr Firm Emerg Growth 3:119–138, 1997), which clarified the role of entrepreneurial opportunities in entrepreneurship research. The article also offered a framework to identify the boundaries of entrepreneurship as a distinctive domain of research by explaining the processes evolving around opportunities. We start by summarizing the paper and by reviewing the core ideas in the article. We also explain why we believe the article is a classic. Then we review the opportunity research that appeared before Venkataraman as well as some of the research built upon Venkataraman’s argument. Finally, we discuss how future research can continue to build on the insights from the article and in ways that continue to resonate in the field.


Opportunity Opportunity recognition Venture creation Investors Choice of mode Risk-taking Trust Resources Social networks Performance 


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Copyright information

© The Author(s) 2018

Authors and Affiliations

  • Golshan Javadian
    • 1
  • Robert P. Singh
    • 1
  1. 1.Morgan State UniversityBaltimoreUSA

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