Abstract

We develop a theoretical model that depicts the process of opportunity production from a constructivist perspective. The model assumes that opportunity production proceeds through several stages, including perception, objectification, and enactment. However, between each stage, some opportunities are abandoned due to inadequate objectification or insufficient resource support. We identify several variables that determine whether or not opportunities are objectified and subsequently enacted, and these variables are incorporated as predictors into empirically testable propositions.

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