Identifying opportunities is essential to successful entrepreneurial activity; but good opportunities may be missed if entrepreneurs fail to understand when and where to search for them, or appreciate the significance of timing and place in their search.
This book identifies and addresses three problems which face aspiring entrepreneurs. The first is finding a promising idea to exploit; the second is to know when to stop searching, or pursue a more promising search; and the third is to understand how the entrepreneur can locate him or herself in time and space to most economically locate a discovery. As well as developing original theories to solve these problems, this book offers practical solutions, which aspiring entrepreneurs can learn and implement through theory-based activities, giving them an opportunity to practice while gaining an understanding of both why and how these approaches work.
Showing how timing becomes more salient than time, and place more important than space, this book combines theoretical and practical guidance which will be of great interest to entrepreneurship researchers, educators, students and aspiring entrepreneurs.
Table of Contents
Part 1: Searching 1. Entrepreneurial opportunities 2. Capturing timing and place 3. Informational economics and its role in positioning in time and space 4. Current conversations about opportunities 5. Constrained, systematic search 6. Still searching (systematically) the terrain for entrepreneurial opportunities Part 2: Positioning in time and space 7. The routinization of the discovery process 8. Entrepreneurial positioning 9. A notation for entrepreneurial positioning 10. Structural implications for entrepreneurship 11. The routine activities of habituated entrepreneurs Part 3: Stopping, starting and persuading 12. Guidelines for how to search in the Internet connected world of the twenty-first century 13. Acquiring and using gatekeeper information Part 4: Theory and pedagogy 14. The theoretical side of teaching entrepreneurship 15. The pedagogical side of entrepreneurship theory. Epilogue.
James O. Fiet holds the Brown-Forman Chair in Entrepreneurship at the University of Louisville, USA. He is also the Director of its entrepreneurship PhD program.
"Jim Fiet has long championed the prescriptive analysis of constrained, systematic search by entrepreneurs. This ambitious volume reviews work on this topic and breaks new ground by exploring how entrepreneurs can position themselves in time and space to most economically locate a discovery. The book is a welcome addition to the literature which will benefit scholars and entrepreneurs alike." — Simon C. Parker, Professor of Entrepreneurship and Director of the Entrepreneurship Cross-Enterprise Leadership Centre at the Ivey Business School at Western University, Canada
"Time, Space and Entrepreneurship provides a unique perspective on the entrepreneurial process. Dr Fiet, who has an international reputation in entrepreneurship, as well as experience as a practicing entrepreneur, draws on informational economics to develop his constrained systematic search approach for discovering opportunities in time and space, which he extends with routine activity theory to timing and place. This book should appeal to discerning scholars and practitioners who are interested in prescriptive rather than descriptive theoretical treatises that push the boundaries of understanding of entrepreneurial phenomena." — James J. Chrisman, Julia Bennett Rouse Professor of Management and Director of the Centre of Family Enterprise Research at Mississippi State University, USA
"With Time, Space and Entrepreneurship, Jim Fiet tackles the complexity and ambiguity of entrepreneurial discovery by drawing on an informational economics perspective. He argues that timing and space provide essential information that is inextricably linked to the discovery process, an insight that, if heeded, can give both entrepreneurs and entrepreneurship researchers competitive advantages. I highly recommend this book." — Tom Lumpkin, C. S. Trosper Chair and Professor of Entrepreneurship at the University of Oklahoma, USA