Are opportunities discovered or created.
The discovery, exploration and exploitation of opportunities are fundamentally important processes in entrepreneurial activity (Stevenson and Jarillo, 1990). The question is whether people discover and recognise opportunities which are held to already exist, as Kirzner suggested, or create and enact new opportunities (Gartner et al, 2003)? Shane (2003) has proposed a general theory of entrepreneurship to fill this gap in understanding, based on the nexus, or connection, between individuals who discover opportunities and the entrepreneurial process of opportunity exploitation and execution.