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Measuring the market newness of new ventures
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- Dahlqvist, Jonas (author)
- Jönköping University,IHH, Centre for Innovation Systems, Entrepreneurship and Growth
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- Wiklund, Johan, 1962- (author)
- Jönköping University,IHH, ESOL (Entrepreneurship, Strategy, Organization, Leadership)
- (creator_code:org_t)
- Elsevier BV, 2012
- 2012
- English.
- In: Journal of Business Venturing. - : Elsevier BV. - 0883-9026 .- 1873-2003. ; 27:2, s. 185-196
- Journal article (peer-reviewed)
Abstract
Subject headings
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- The present lack of instruments for measuring entrepreneurial opportunity is hampering progress in entrepreneurship research and fundamental hypotheses about opportunity variance are not being tested. This paper sets out to validate a measure of market newness in new ventures based in Austrian Economics, assuming a view of opportunity as objective and discoverable. Empirically, a sample of 250 new internal ventures in gestation was examined regarding to whom these ventures presented something new in terms of geographical extension or new customer groups. The measure improves on existing instruments by providing more intrinsic range while being firmly anchored in an Austrian Economics framework.
Subject headings
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv -- Företagsekonomi (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business -- Business Administration (hsv//eng)
Keyword
- entrepreneurial opportunity
- individual-opportunity nexus
- Austrian economics
- Kirzner
- measurement theory
Publication and Content Type
- ref (subject category)
- art (subject category)
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