Somewhat implicit in the process of opportunity creation is the human interactive component of producing social constructs. To understand how these interactions shape the emergence of opportunities, we draw upon stakeholder theory and adopt an interaction as our level of analysis. In this paper we therefore seek to connect stakeholders to opportunity emergence. We do so by defining an opportunity emergence stakeholder to be: those actors, without whose participation, an opportunity would not come into existence. These stakeholders are not accounted for in current theory. We further define an opportunity emergence stake to be: the set of interactions that socially construct experiences which then become an opportunity emergence stake that enables a social actor to at least partially address supply or demand uncertainties associated with an opportunity.
Mitchell, J. Robert; Mostafa, Romel; Mitchell, Ronald K.; Liao, Cynthia; and Chatterjee, Chirantan
"STAKEHOLDER THEORY AND THE EMERGENCE OF OPPORTUNITIES (SUMMARY),"
Frontiers of Entrepreneurship Research: Vol. 35
, Article 22.
Available at: https://digitalknowledge.babson.edu/fer/vol35/iss16/22