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Definition of
'Entrepreneurial Opportunity'
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Hard for Scholars, Easy for
Serial Entrepreneurs
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Management scholars and
economists alike acknowledge
that they cannot define
'Entrepreneurial Creativity'
clearly and, thus, cannot
formulate logically consistent
prescriptions for both policy
and practice.
On
the opposite side, pragmatists
define 'Entrepreneurial
Opportunity' as a situation
where entrepreneurs can take
action to make a profit.
So, scholars lack clarity, while
pragmatists lack the essence of
true entrepreneurship.
Below are the definition of
'Opportunity' by Cambridge
Dictionary and my definition of
'Entrepreneur' |
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When I married
these two
definitions,
they gave birth
to the
definition of
'Entrepreneurial
Opportunity' without any labor pain.
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There are millions of
entrepreneurs.
Opportunities are
everywhere.
There are enough
opportunities for all
entrepreneurs. Why?
Because each
entrepreneur walk's
s/his unique way.
What is an amazing
opportunity
for one entrepreneur is
not so for other. |
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Coaching by Example
Every day brings about
millions of
entrepreneurial
opportunities.
Every day
I pursue several most
promising ones.
These actions contribute
to achievement of
my entrepreneurial vision,
but most of them don't
generate profits
directly.
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Scholars wouldn't even
notice that I'm pursuing
so many entrepreneurial
opportunities every day
because these actions
have no visible impact
on profits. For
instance, the
Business Design of
my global venture, a
civilizational
breakthrough, is too
complex for an outsider
to understand how the
whole thing works.
That's the difference
between the theory and
practice of
entrepreneurial
opportunities: an
entrepreneur pursues
dozens of
entrepreneurial
opportunities
every day, but
scholars cannot even
notice this because they
define entrepreneurial
opportunities in
input-output terms.
Innovative Entrepreneur |
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Intrapreneurial Opportunities
Intrapreneurial
opportunity is a perceived chance to make entrepreneurial contribution to
implementation of corporate strategies through an in-company project. |
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You cannot realistically tell in
advance what will work, what
will not work, or how the future
will unfold.
Therefore intertwine
formulations and implementation,
continually adjusting your
strategy as you gain new
insights through an experimental
process of learning and
discovering by doing...
More
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