Journal
ORGANIZATION SCIENCE
Volume 11, Issue 4, Pages 448-469Publisher
INST OPERATIONS RESEARCH MANAGEMENT SCIENCES
DOI: 10.1287/orsc.11.4.448.14602
Keywords
entrepreneurship; Austrian economics; discovery
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Technological innovations are usually thought to create business opportunities that are unequivocal and readily apparent to any knowledgeable observer. Drawing on Austrian economics, this article portrays the recognition of such opportunities as distinctive cognitive feats whose accomplishment is conditioned by an entrepreneur's prior experience and education. In-depth case studies demonstrate the multiple opportunities that can arise from a single innovation.
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