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Effectuation Publications Library
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Are opportunities recognized or constructed?: An information perspective on entrepreneurial opportunity identification
2010
Ivan P Vaghely Pierre Andre Julien
Using a case study of ten SMEs the authors apply a model of human information processing which provides a frame to help understand the entrepreneur’s use of information to identify opportunities. Their model integrates an algorithmic or pattern type of information processing and a heuristic or trial and error type of information processing into a pragmatic frame of the entrepreneur’s opportunity recognition-construction mechanism. This article shows how human information processing can moderate entrepreneurial opportunity identification.