cannot be identified and exploited by all potential entrepreneurs. To identify and then exploit an opportunity, the individual must first be in a position to do so, and have the required skills, resources and networks. Therefore opportunities depend on the individual and his or her possible room for manoeuvre. To illustrate our theory, a company for sale, for instance, is a real, objective market opportunity, but the individual interested in takeovers must have access to this information in order to identify the opportunity. Furthermore, this opportunity must be compatible with the individual’s aspirations and resources in order for him or her to act upon it.
A system is born, is transformed and creates new value
When the process succeeds, the project emerges, fuelled by the initial idea or vision and all the work accomplished. Then the project gives way to a new activity or a new business. The individual is initially the bearer of a project and then becomes a business manager. The entrepreneurial individual/new value creation dialogic emerges and the project or created object progressively puts constraints on the individual