Operational entrepreneurship: How operations management research can advance entrepreneurship

In this article, we introduce the notion of operational entrepreneurship - the selection and management of transformation processes for recognizing, evaluating, and exploiting opportunities for potential value creation - to offer examples of research opportunities at the interface of entrepreneurship and operations management. Specifically, we believe that operations management has been under-utilized for gaining a deeper understanding of (i) the knowledge and motivation required for opportunity recognition, (ii) evaluations of a recognized opportunity to determine if it represents an opportunity for the specific entrepreneur, and (iii) the role that feedback from an exploitation of a current opportunity plays in the recognition and evaluation of subsequent opportunities. We also introduce (but not develop) the notion of entrepreneurial operations.