Opportunity Recognition as the Detection of Meaningful Patterns: Evidence from Comparisons of Novice and Experienced Entrepreneurs

By Robert A. Baron, Michael D. Ensley. Management Sciences, 2006

1,342 citations recorded by the source corpus.

Subfields: Artificial Intelligence, Management of Technology and Innovation, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/a0fa4df097dd915bfa705d7064c0f3fedb96793c

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Citations in the corpus

An Opportunity for Me? The Role of Resources in Opportunity Evaluation Decisions (2009, positive): “For example, Baron and Ensley (2006) found that more experienced entrepreneurs had more complex mental prototypes of opportunities than those of novices.”
Who invests in renewable electricity production? Empirical evidence and suggestions for further research (2013, background): “This depends, for instance, on whether they are experienced or not and on their norms and values (Baron, 2006; Baron and Ensley, 2006; Ucbasaran et al., 2009).”
Are You Experienced or Are You Talented?: When Does Innate Talent versus Experience Explain Entrepreneurial Performance? (2012, background): “Experienced entrepreneurs are also more likely to identify viable opportunities (Baron and Ensley, 2006), and engage more effectively in strategic processes such as product development and internationalization (Bingham and Eisenhardt, 2011; Gilovich, Griffin and Kahneman, 2002).”
Making it personal: : Opportunity individuation and the shaping of opportunity beliefs (2014, background): “Prior research shows that education and work experience are important in the context of opportunity evaluation decisions (Baron and Ensley, 2006; Haynie et al., 2009; Mitchell and Shepherd, 2010).”
The role of mentoring in the learning development of the novice entrepreneur (2012, background): “Pairing with an experienced entrepreneur is a contributing factor to this type of learning as the novice entrepreneur does not share the same mental schemas as the experienced executive ( Baron and Ensley 2006 ).”
The nature of entrepreneurial experience, business failure and comparative optimism (2010, background): “Repeat entrepreneurs may identify superior quality opportunities (Baron and Ensley, 2006).”
Dynamic Capabilities and Entrepreneurial Management in Large Organizations: Toward a Theory of the (Entrepreneurial) Firm (2016, background): “Sensing in dynamic capabilities is very similar to the concept of “opportunity recognition” by individuals that has been developed in the entrepreneurship literature (e.g., Baron and Ensley, 2006).”
Measuring entrepreneurial passion: Conceptual foundations and scale validation (2013, background): “Does EP simply induce would-be entrepreneurs to view any new project in a more positive light, or does it enable some individuals to perceive unique patterns of meaning among noisy environment signals (Baron and Ensley, 2006)?”
Proactivity, adaptability and boundaryless career attitudes: The mediating role of entrepreneurial alertness (2015, background): “Alertness is critical in recognizing opportunities, as it helps people ―identify new solutions to market and customer needs in existing information, and to imagine new products and services that do not currently exist‖ (Baron & Ensley, 2006, p. 1331).”
Uncertainty, Knowledge Problems, and Entrepreneurial Action (2018, neutral): “…2010), firm-level strategic unknowns (Barnett and Hansen, 1996; Hage, 1999), and individual-founder expertise (Freel, 2005; Kirzner, 1979; Sarasvathy, 2001; Sarasvathy, 2008) or ignorance (Baron & Ensley, 2006; Hoffman&Hammonds, 1994; Hunt & Kiefer, 2017; Simon, 1979; Tversky & Kahneman, 1974).”
Framing the Entrepreneurial Experience (2012, neutral): “The term “experience” has been used by entrepreneurship scholars in five ways: the outcome of involvement in previous entrepreneurial activities (Baron & Ensley, 2006); the experientially acquired knowledge and skills that result in entrepreneurial know-how and practical wisdom (Corbett, 2007); the…”
Effectual versus predictive logics in entrepreneurial decision-making: Differences between experts and novices (2009, methodology): “In their study, Baron and Ensley compared the business opportunity prototypes of novice and repeat entrepreneurs, finding that the prototypes of more experience entrepreneurs were both more sophisticated and more pragmatic than novices ((Baron and Ensley, 2006).”
Cognitive Adaptability and an Entrepreneurial Task: The Role of Metacognitive Ability and Feedback (2012, background): “It is important to acknowledge that we recognize that experience is important in explaining performance in managerial tasks such as pattern recognition (Baron, 2006; Baron & Ensley, 2006) and in explaining the nature of opportunities recognized from a technology signal (Shane, 2000).”
Life After Business Failure (2013, background): “Evidence suggests that more experienced entrepreneurs (also known as habitual or repeat entrepreneurs; Baron & Ensley, 2006; Ucbasaran, Westhead, & Wright, 2006) are more likely to employ this kind of reasoning (McGrath & MacMillan, 2000; Mitchell, Mitchell, & Smith, 2004).”
The effect of early entrepreneurship education: Evidence from a field experiment (2014, background): “It is the ability to create or spot opportunities by systematically analyzing and solving a problem, and is thus a relevant skill for entrepreneurs (Ward, 2004; Baron and Ensley, 2006).”