Opportunity identification redux

Connie Marie Gaglio, Dimo Dimov

Research output: Chapter in Book/Report/Conference proceedingChapter


Twenty-one years ago (1997), the entrepreneurial revolution, both academic and actual, was just beginning. Entrepreneurial opportunities represent both the core theoretical construct and the plethora of products, services, processes, and business models, which dramatically changed daily life. This chapter examines key developments, which have emerged in the scholarly investigation of the opportunity identification process during the intervening years: what fundamentally is an opportunity; what socio-cognitive processes are involved; what is the role of time, of meaning, of context; and finally, what is the relationship between the academic and practitioner. In addition, exemplary research work is highlighted and guidelines for future academic efforts are offered.

Original languageEnglish
Title of host publicationAdvances in Entrepreneurship, Firm Emergence and Growth
EditorsJerome A. Katz, Andrew C. Corbett
PublisherEmerald Group Publishing Ltd.
Number of pages21
ISBN (Electronic)978-1-78756-435-0
ISBN (Print)978-1-78756-439-7
Publication statusPublished - 1 Jan 2018

Publication series

NameAdvances in Entrepreneurship, Firm Emergence and Growth
ISSN (Print)1074-7540


  • Alertness
  • Cognitive/cognition
  • Entrepreneur
  • Meaning
  • Methods
  • Opportunity
  • Time

ASJC Scopus subject areas

  • Business, Management and Accounting (miscellaneous)
  • Economics, Econometrics and Finance (miscellaneous)

Cite this

Gaglio, C. M., & Dimov, D. (2018). Opportunity identification redux. In J. A. Katz, & A. C. Corbett (Eds.), Advances in Entrepreneurship, Firm Emergence and Growth (pp. 49-69). (Advances in Entrepreneurship, Firm Emergence and Growth; Vol. 20). Emerald Group Publishing Ltd.. https://doi.org/10.1108/S1074-754020180000020002