Principle - Opportunity Driven Entrepreneurship

  • Changing the narratives that describe entrepreneurship from solo hero to ecosystem networks and the resource providers
  • Including broader aims of entrepreneurship, such as sustainability, social mission, and value creation instead of focusing only on profit & business growth

Documents & Articles

Barth & Muehlfeld (2021) Thinking out of the box—by thinking in other boxes: a systematic review of interventions in early entrepreneurship vs. STEM education research

Entrepreneurship education should start early (in primary or secondary education). The study compares the interventions, the structure and content of the programs, and discusses the potential for developing cross-disciplinary interventions aimed at simultaneously encouraging self-efficacy in the domains of STEM and entrepreneurship.
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Fairlie & Fossen (2018) Opportunity versus Necessity Entrepreneurship: Two Components of Business Creation

The paper discusses a common finding in the entrepreneurship literature is that business creation increases in recessions. This counter-cyclical pattern is examined by separating business creation into two components: “opportunity” and “necessity” entrepreneurship.
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Martínez-Rodriguéz et al. (2021) Public policy recommendations for promoting female entrepreneurship in Europe

Discusses two hypotheses: H1) Females are more likely to engage in opportunity-based entrepreneurship rather than necessity-based entrepreneurship in European developed countries; H2) The explanatory socio-economic factors that determine necessity-based female entrepreneurship differ for the European country´s level of development.
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Ecuador: Increasing opportunity-driven entrepreneurship and STEM careers through online courses in schools (2021)

Entrepreneurship in high-growth sectors and employment in sectors requiring training in science, technology, engineering, and math (STEM) offer an opportunity for high-paying careers, but most young people in low-income countries do not select these educational and career paths.
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Hotmart (2019) What can I do to think outside the box and fire up my creativity?

The market is changing. Back in the day, price was the battle cry in commerce. Now, customers are the center of attention and a lot of people pay more to have access to innovative service and products. Thinking outside the box has bever been so important, going beyond what is already on the market and not clinging onto the same old business strategies.
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Cotter (n.d.) Necessity Vs. Innovation-Based Entrepreneurs

The article discusses, what makes someone an entrepreneur and expands. Under the broader definition are those people who become entrepreneurs out of necessity (after losing a job), to supplement their income, or to gain the flexibility to attend to other demands in their lives.
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Aldrich (2016) How men and women’s entrepreneurial ambitions differ around the world

GoDaddy’s research found that 36 percent of people plan to either start a small business or be self-employed in the next 10 years - a sign of the opportunities that people see around them and the potential to pursue independent life-fulfilling ventures. The research also found differences between men and women and their respective entrepreneurial ambitions in geographies around the world.
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GEM (n.d.) Spotlighting Trends In Female Entrepreneurship

Discussing that GEM calculates improvement-driven ratio for early-stage female entrepreneurs; the Female/Male Opportunity-Driven TEA ratio. It is defined as the percentage of those females involved in TEA who (i) claim to be driven by opportunity; and (ii) who indicate the main driver is being independent or increasing their income, rather than just maintaining the income, divided by the equivalent percentage for their male counterparts.
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Crawford (2019) Three ways to make innovation more inclusive for women

Crawford’s article explains three ways to make innovation more gender inclusive, by creating and investing in more inclusive programs, creating the right culture and encouraging generational diversity.
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Making innovation and technology work for women (2017)

This United Nations article focuses on how innovation can be made to work for women entrepreneurs. Promotes a gender responsive approach to women as innovators and sets the goal of achieving gender equality and empowering women. Materials include a poster illustrating the aims and actions of the UN to 'leave no one behind'.
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Waseem (2018) Female Necessity and Opportunity Entrepreneurship: A Study of Income Level and Social Progress

The number of female owned enterprises is gradually increasing. This has encouraged, governments, policy makers, and scholars to focus on factors, which can promote female entrepreneurial activities. These studies have failed to delineate between necessity based and opportunity driven entrepreneurship.
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Workshops / Courses / Online tools / Quizzes

Course: Sustainable Business Enterprises

The course will explore current challenges and opportunities facing firms in the area of environmental sustainability to understand the importance of sustainability for business (design solutions and develop enterprise plans). Specific topics: consumer behavior, market research, product design, value chains and communications.
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Course: Entrepreneurial thinking

Success in business can be greatly enhanced with an understanding of key entrepreneurial characteristics and competencies solutions. This interactive course provides potential entrepreneurs with the knowledge of succeeding in an entrepreneurial opportunity.
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Course: Developing An Entrepreneurial Mindset: First Step Towards Success

The course provides learners with insights to re-frame their thinking in order to maximize their chances for success. It teaches: 1) how to argue effectively against the reasons for not starting; 2) how to operate effectively within the new framework or model for starting a business; and 3) how to make the initial business startup decisions
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Course: Talent lms: Entrepreneurship

Set of short courses on different skills and foundations for a successful starting and running a business (e.g. developing curiosity, self-awareness, being prepared to fail, how to build relationships and networks etc.)
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Course: Grow Your Business with Goldman Sachs 10,000 Women

Goldman Sachs 10,000 Women collection course, designed for entrepreneurs ready to take their business to the next level. The skills course teaches the skills to plan how to best grow your business in future. You will learn how to identify business opportunities, and select the one which is the most progressive and forward-looking, assessing its feasibility.
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Course: Entrepreneurship 1: Developing the Opportunity

This introductory course is designed to introduce you to the foundational concepts of entrepreneurship. You’ll explore where technology entrepreneurship and impact entrepreneurship align and where they diverge, and you’ll learn proven techniques for identifying the opportunity, assessing the opportunity, hypothesis testing and creating a prototype.
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Training: WomenEntrepreneurs4Good

The initiative is a unique accelerator programme that supports green entrepreneurs at the early stages of their journey. The 7-month online programme providing coaching, visibility, technical support, exposure and access to an ecosystem of stakeholders and global partners.
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Networks & Initiatives

Initiative: Women’s Entrepreneurship Initiative – WE Initiative

The WE Initiative aims at boosting women’s entrepreneurship at the global, national and local scale through improved policy efforts. It is based on 4 pillars: 1. Providing comparable international data; 2. Identifying the best practices on priority topics; 3. Providing tailored policy guidance; 4. Developing a multi-stakeholder platform bringing together the public and private sectors.
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Initiative: Entrepreneurship Initiative – Nijmegen School of Management

The Entrepreneurship Initiative at NSM aims to stimulate the kind of entrepreneurial thinking in education programs and research, taking both the entrepreneur and the context into account. Entrepreneurship is generally seen as a driving force behind innovation, competition and economic growth.
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Videos

Neal (2014) Entrepreneurship: Spotting Opportunities

Doug Neal, Executive Director of the Center for Entrepreneurship talks about the strategies for spotting entrepreneurial opportunities.
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Davidsson (2016) Entrepreneurial opportunities and the entrepreneurship nexus

Attention to the earliest stages of development of new economic activities and organizations in the entrepreneurship research since 2000. However, this review shows that theoretical and empirical progress has been limited on important aspects of the role of “opportunities” and their interaction with actors, i.e., the “nexus”.
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The University of Maryland (2019) What are entrepreneurial opportunities?

The video looks at defining entrepreneurial opportunities. Its objectives are: (1) introduce classic definitions of entrepreneurial opportunities; (2) explore the modern interpretations of this term; and (3) discuss emerging entrepreneurial opportunities.
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Dr. D University (2020) Necessity versus Opportunity Entrepreneurship in Home Based Businesses

In this video, the speaker discusses the differences between Necessity and Opportunity in Home Based Businesses. He also discusses the biographical components and various tipping points that lead to entrepreneurial behavior. Finally, he briefly alludes to De Certeau's Strategy and Tactics.
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Sahlman (2007) Opportunity Driven Entrepreneurship

William Sahlman, professor at Harvard Business School, asserts that entrepreneurship is about being opportunity driven: recognizing opportunity in all types of circumstances. Specifically, being opportunity-driven is about looking at a bad situation and turning it around to see the opportunity.
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Eckdahl (n.d) Biz Chix: Service Entrepreneurs

Earn how to master your mindset, grow as a leader, refine your strategies and gain visibility in your field. Join award-winning host, coach, author and business strategist Natalie Eckdahl as she helps women entrepreneurs own their role as CEO through business trainings, on-air coaching calls and expert interviews.
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The Women In Business Radio Show (n.d.)

The Women In Business Radio Show features women just like you. It's about shouting out to get the help you need to move to the next stage. It's also about giving you a platform to share what you're doing. It features inspiring guests, tips, resources and laughs for anyone.
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Campbell (n.d.) The Driven Female Entrepreneur podcast

Weekly interviews with Driven Female Entrepreneurs, bringing tools, tips and insights to help women Dream Bigger and Achieve More in business.
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