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Opportunities and Institutions: A Co-creation Story of the King Crab Industry
Journal of Business Venturing (2015)
  • Susan L Young, Kennesaw State University
  • Sharon A. Alvarez, Ohio State University - Main Campus
  • Jennifer Woolley, Santa Clara University
If entrepreneurs are constrained and shaped by existing institutions, how? If entrepreneurs products and services, how can institutions remain unchanged? This paper explores this theoretical conundrum empirically through the examination of the actions of entrepreneur Lowell Wakefield. Contrary to previous work that suggests that it is institutional entrepreneurs that bring about institutional change as a means of advancing their social interests, this paper shows that a profit-seeking entrepreneur without prior institutional affiliation or experience can create an opportunity along with the supporting industry standards and regulations.
  • Opportunity Formation,
  • Co-creation,
  • Quality Data,
  • Process,
  • Institutional Work
Publication Date
Citation Information
Susan L Young, Sharon A. Alvarez and Jennifer Woolley. "Opportunities and Institutions: A Co-creation Story of the King Crab Industry" Journal of Business Venturing Vol. 30 Iss. 1 (2015) p. 95 - 112
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