24 / 35
VARIETY AND SPECIALIZATION
Intermediaries are knowledge and
resource brokers that influence the
interaction between entrepreneurs and
opportunities
Stages of the innovation and
venture lifecycle: idea discovery,
venture creation and management
process.
Direct effects fosters the interaction between the
individual and the opportunity .
Indirect effects occur when intermediaries facilitate
movements between stages of an opportunity lifecycle.
Main role of entrepreneur changes viz:
inventor, experimenter, founder and
manager; and the nature of the opportunity
also changes.