Handbook of Management Scales/Opportunity Exploitation

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Opportunity Exploitation (alpha = 0.79)

Definition

Opportunity exploitation is characterized by developing a product or service based on a perceived entrepreneurial opportunity, acquiring appropriate human resources, gathering financial resources, and setting up the organization

Items

• I have set up an organization to pursue a business opportunity I perceived
• Based on a business opportunity I perceived, I have developed a new market
• I have put together an entrepreneurial team to pursue a business opportunity I perceived
• I have approached investors (e.g. business angels or venture capitalists) to acquire funding for a business opportunity

Source

• Kuckertz, Andreas / Kollmann, Tobias / Krell, Patrick / Stöckmann, Christoph (2017): Understanding, differentiating, and measuring opportunity recognition and opportunity exploitation. International Journal of Entrepreneurial Behavior & Research, Vol. 23, No. 1, pp. 78-97.

Related Scales

Opportunity Recognition

Category:

• Handbook of Management Scales