Entrepreneurship

In today’s business world, living in fastest developing and expanding field in modern economic setting has changed the way people think – Mindset. Opportunities are everywhere, yet not everyone is able to see them. The question is how an individual influenced the ability to seize a new opportunity? Opportunity Recognition (OR) represents one of the salient components in the entrepreneurial process as ways an entrepreneur acknowledge the existence of new opportunity. According to the researches, the six important theories and concepts of OR are prior experience, corridor principle, entrepreneurial alertness, social network, causation and serendipity, which are seems to be correlation between Mr Anthony and the theories, as well as contradictions and inconsistencies of theories towards the entrepreneur. However, the theories that are applicable to Mr Anthony from the first point of his business venture are corridor principle, social networks and prior experience. This can be explai...