Using Kirznerian Perspective Of Entrepreneurial Opportunities To Predict Emergence Of New Ventures In Uganda

 Introduction

This study seeks to identify the critical determinants of new venture creation in Uganda using Kirznerian perspective of entrepreneurial opportunities framework. The lack of a developed theory in extant literature that provides comprehensive explanation of how new ventures emerge in the context of a developing country like Uganda justifies the reliance on Kirznerian analytical framework. Entrepreneurial Alertness (EA) and Information Asymmetry (IA) which constitute the measures of the Kirznerian perspective of entrepreneurial opportunities will be examined as they account for emergence of new ventures which is to be assessed in form of; seeking startup funding, hiring employees, developing products/services, and setting up an enterprise (Leibenstein ,1968). The phenomenon of new venture emergence is important for the Ugandan economy as it provides young people with jobs necessary to avert the prevailing challenge of unemployment. A need for achievement, playing a mediating role becomes necessary as the relationship between the two variables seems to be indirect. This mediating variable will be characterized by the desire to undertake challenging tasks, pursuit of excellence, desire to succeed in competition, and commitment to overcoming difficulties.