An Update to the Individual-Opportunity Nexus

  • Jonathan T. Eckhardt
  • Scott Shane
Part of the International Handbook Series on Entrepreneurship book series (IHSE, volume 5)


This chapter extends and elaborates the individual-opportunity nexus framework on entrepreneurship. First, the chapter discusses in detail the existence of entrepreneurial opportunities, and the processes of opportunity discovery and exploitation. Second, the chapter describes several typologies of opportunities. Third, the chapter discusses the importance of the locus of opportunity discovery and exploitation.


Social Capital Information Asymmetry Resource Provider Entrepreneurial Opportunity Entrepreneurial Process 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.



A version of portions of this chapter originally appeared in the Journal of Management in 2003 under the title, “Opportunities and Entrepreneurship.” The first author gratefully acknowledges research support that was provided by the Ewing Marion Kauffman Foundation’s Junior Faculty Fellows program.


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© Springer Science+Business Media, LLC 2010

Authors and Affiliations

  1. 1.Department of Management and Human Resources, The Weinert Center for EntrepreneurshipUniversity of WisconsinMadisonUSA
  2. 2.Case Western Reserve UniversityClevelandUSA

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