The Development Of The Entrepereneurial Opportunity Based On The Interaction Between Entrepreneurs And Stakeholders In The Perspective Of Constructivism

Entrepreneurial opportunity is a core concept and key proposition in the field of entrepreneurship research.Most of current studies focuses on opportunity recognition, which can only increase the possibility of entrepreneurial success. For entrepreneurs, developing opportunities is only way to promote entrepreneurship process. The current academia has failed to reach a consensus on the concept of entrepreneurial opportunities, which has caused varieties of research paradigm. In the study of entrepreneurial opportunities development, constructivism provides it with a kind of interpretation perspective of the interaction between entrepreneurs and stakeholders under certain situation. Dovetailing stakeholders into the research can help to study deeply the key factor in the opportunity development process and explain how entrepreneurs establish and maintain relationships with stakeholders to finally realize opportunity development.Therefore, this interaction becomes an important direction of deepened study of the opportunity development in the future. Applying the theory of constructivism, this research studies the entrepreneurial opportunity based on the interaction between entrepreneurs and stakeholders.The research contents are as follows:First of all, summarizing research of opportunity development especially constructivism theory,elaborating the main idea of Structural Theory and Sense-Making Theory and pointing out the progress and deficiency of current studies by surveying and analyzing the current studies. On above basis, the theme of this essay is confirmed. Secondly, to build the theory model,this essay analyzes in-depth the causes, process and result of the interaction between entrepreneurs and stakeholders to explain the functional mechanism of different interaction modes between entrepreneurs and stakeholders towards entrepreneurial opportunity development.This essay applies case study method for qualitative empirical research, combines the first-hand data and secondary sources,and chooses four representative object and extracts useful information, analyzes, compares, verifies and assumes different cases to proof functional mechanism of different interaction modes between entrepreneurs and stakeholders towards entrepreneurial opportunity development.The research conclusion of this essay are mainly as following:Firstly,in the process of opportunity development, entrepreneurs are faced with many difficulties such as the high uncertainty entrepreneurship environment, incomplete information and the lack of heterogeneous resources,entrepreneurial knowledge and experience. However, stakeholders can help entrepreneurs to increase feasibility and value of opportunity and ideas, give the support of heterogeneous resources, enhance entrepreneurial knowledge and experience, thus making the interaction with stakeholders become the best option for entrepreneurs.Secondly,in the process of opportunity development,there are different interaction modes between entrepreneurs and stakeholders in different situations.Lastly,the extend of the interaction influences the outcome of opportunity development.In this essay,theory value of the research is to break through the existing research only stay in concept exploration and frontier analysis and deepen the study of the development of entrepreneurial opportunity in the constructivist perspective;Practical value is able to inspire entrepreneurs that how to interact with different stakeholders to obtain the business support.