In this article, we study two capabilities that influence firms' effectiveness in exercising entrepreneurial opportunities: information-gathering and information-processing capability. We argue that their effects are not always positive or symmetrical. When the firm's information-processing capability is low, high levels of its information-gathering capability may result in lower effectiveness …
This article examines the population level implications of microlevel theories of entrepreneurship. The actions of those who seek to organize opportunities, as well as the hurdles that they must overcome to successfully exploit them, give rise to an evolutionary multistage selection process. The article indicates that the consideration of selection events leads to a more complete understanding …