ISSN 1671-3710
CN 11-4766/R

Advances in Psychological Science ›› 2013, Vol. 21 ›› Issue (4): 701-710.doi: 10.3724/SP.J.1042.2013.00701

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Towards a Model of Opportunity Recognition and Development Strategy for Entrepreneurial Talents: A Constructivist Perspective

LING Bin;WANG Zhongming   

  1. (Department of Psychology & Behavior Science, Zhejiang University; Global Entrepreneurship Research Center, Zhejiang University, Hangzhou 310028, China)
  • Received:2012-03-31 Online:2013-04-15 Published:2013-04-15
  • Contact: LING Bin

Abstract: Opportunity recognition and development for entrepreneurial talents have increasingly drawn much more attention from scholars and become an important strategy in human resource management. This field mainly adopts two different perspectives of opportunity recognition and exploitation strategy. In this paper we have proposed a model of opportunity recognition for entrepreneurial talents on the basis of a constructivist perspective, which aims to explore how entrepreneurial talents’ opportunities are produced and developed. We consider that these talents construct the meaning of an opportunity in a recognition-selection-exploitation process from their environment, so that this process becomes a key mechanism. All three processes of opportunity- recognition, selection and exploitation are also affected by each other and they jointly construct the opportunity recognition and development model for entrepreneurial talents. Future research should pay more attention on constructing mechanism, process integration and serial decisions of entrepreneurial opportunity.

Key words: entrepreneurial talents, opportunity recognition, opportunity selection, opportunity exploitation, constructivism