In exploring entrepreneurial action as a response to opportunities, this paper uses signalling theory to provide new insights as the entrepreneur moves from perception to recognition to enactment. We adopt a dynamic approach to how entrepreneurs perceive opportunities and form initial opportunity beliefs, recognizing that, over time, beliefs change. The perceived potentialities from the signals arising from opportunities also change. Strength of the initial opportunity beliefs, morph-ability of opportunities, frequency of opportunity appearances, multiple interpretations of opportunity, latency of opportunity, observability (intensity, visibility, strength and clarity), distortions of opportunity and false opportunity are topics that are not sufficiently addressed in research on entrepreneurial opportunities. We argue that the signalling effects open new avenues of inquiry related to the central role of opportunity in the entrepreneurial process. Instead of seeing opportunity from either the discovery or creation approaches, opportunity should be viewed as an artifact with embedded perceived potentialities. Implications are drawn for the developmental context.

中文翻译：

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将机会重新语境化为创业行动的人工信号

在探索企业家行为作为对机会的反应时，本文使用信号理论来提供新的见解，因为企业家从感知到认可再到制定。我们采用动态方法来了解企业家如何感知机会并形成初始机会信念，并认识到随着时间的推移，信念会发生变化。从机会产生的信号中感知到的潜力也发生了变化。初始机会信念的强度、机会的变形能力、机会出现的频率、机会的多种解释、机会的延迟、可观察性（强度、可见性、强度和清晰度）、机会的扭曲和虚假机会是不够充分的主题在创业机会的研究中得到解决。我们认为，信号效应开辟了与机会在创业过程中的核心作用相关的新探究途径。与其从发现或创造方法中看到机会，不如将机会视为具有嵌入感知潜力的人工制品。对发展背景的影响。