The Impact of Entrepreneurship Institutional Support and Alertness Traits on Entrepreneurial Action: The Mediating Role of Opportunity Evaluation Stage

The design of entrepreneurial processes deserves a concept as complex as the phenomenon of entrepreneurship. In fact, designing a single process in which an individual with specific entrepreneurial traits can evaluate the opportunities and move forward the entrepreneurial action within an institutional environment, is very challenging. The aim of this research is to envision a contingent model of entrepreneurship effective in terms of entrepreneurial activity dynamism. Drawing a recent literature, the formal institutional support, alertness trait, opportunity evaluation, and entrepreneurial action, have been identified as main important ingredient of the current designed conceptual framework. The originality of this research lies in presenting a complete outline of entrepreneurship while exploring the effectiveness of alertness trait among nascent entrepreneurs and the way they perceive entrepreneurship formal institutional support, in improving their competence in evaluating opportunities and passing to the action stage. The research also enables the discussion of more research questions in addition to many other challenges facing policymakers about how to stimulate entrepreneurship activity, especially in developing countries.