ABSTRACT
Over the last decades, the field of entrepreneurship has been dominated by actor-centered perspectives and the related pictures of the great man (or woman) equipped with extraordinary qualities. Occasionally, this is referred to as the ‘myth of the lonely only entrepreneur’ (Schoonhoven & Romanelli, 2009). Psychologists and economists have infused the body of entrepreneurship knowledge with key concepts such as specific entrepreneurial traits, unique motivations, and distinctive entrepreneur behaviors. In addition, theoretical research relating to the entrepreneurs’ alertness to opportunities, innovativeness of their strategies and business models, and the macroeconomic effects of their firm-founding activities are being called upon to explain entrepreneurial activity. Overall, the heart of entrepreneurship theory is said to consist of the study of opportunity-based behavior by creative individuals with special attention to the relationship between the opportunity and the individual differences in explaining the origins of entrepreneurial activity (Stevenson & Gumpert, 1985; Shane & Venkataraman, 2000).
