Entrepreneurship: Are Opportunities Found or Created?

Entrepreneurship has a positive correlation relationship with opportunities. Opportunity does indeed plays a very significant role in entrepreneurial process (reference V..). This is because, opportunity can be considered as a fundamental basis for entrepreneurial process. The success of an entrepreneur depends on whether they have the opportunity or visions to act upon. Over the years, there is alot of article and studies which written in favour of entrepreneurial opportunities are discovered (more). This essay will thus discuss that, entrepreneurial opportunities are discovered, not created. This essay will first, discuss how entrepreneurial opportunities are discovered and followed by how it support the statement of this essay. After that, it will discuss how entrepreneurial opportunities are created. followed by how it disprove the statement of this essay. Last but not least, it will also includes the overall argument of the statement.

To begin with, discovery is defined as the result of alertness to potential opportunity. It is not a deliberate search for information, nor that of pure chance (Kirzner, 1997)/ Instead it is suggested that entrepreneurial opportunities should have a strong connection with literature entailing the discovery process. The discovery process is described as the identification of opportunities, being vital to all activities of the entrepreneur. It entails the recognition that any given opportunity already exists, and is merely yet to be discovered by first being identified and then acted upon by an entrepreneur through allocating resources in order to thrive from it (Honig, 2001). Many situations are present which include further developments of new products, new technologies, and new organisations which endeavour to solve the existing problems and needs of these emerging markets. It has been explained that because not all discoveries of entrepreneurial opportunities occur at any defined point in time; this process involves the...