Pros And Cons Of Institutional Entrepreneurship

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The structuration theory views entrepreneurship and opportunity as a recursive dualism process in which the two cannot exist independently. In addition, the theory suggests that an entrepreneur is simultaneously enabled and constrained by the business context in the processes of discovering, evaluating and exploiting opportunities; at the same time the business context is constructed and reconstructed by entrepreneur’s actions (Sarason, Dean, & Dillard, 2006). In this sense, the process of recognizing and exploiting opportunities occurs when the entrepreneur creates “opportunistic environment” based on his or her interaction with the business context that is idiosyncratic to that individual. The theory also proposes that an entrepreneurial venture is exemplified by the way an entrepreneur interprets the business context and environment, responds to it and reflexively monitors the outcomes of his actions (Sarason et al., 2006). As the result, the entrepreneur develops his or her venture based on his or her interpretation of the business opportunities. This insight brings to light that the entrepreneurial process is highly path-depended and this indicates that a new venture development trajectory is also an idiosyncratic phenomenon. Therefore, both identification of opportunity and entrepreneurial ventures are produced idiosyncratically through time and space (Sarason et al., 2006). Institutional entrepreneurship perspective Institutional perspective focuses on how

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