The Research On Key Factors Of Opportunity Recognition In Strategic Emerging Industries

Based on its national condition, a strategic and comprehensive concept, which is "strategic emerging industry" has been put forward in China. The strategic emerging industry is of great importance for our country to improve its own competing ability; promoting sustainable development of the society; upgrading structure of the industry and transforming development mode of the economy. Due to the above reasons, China has made many relevant policies and taken related actions, which make the strategic emerging industries develop rapidly in a short time and achieve remarkable achievements. Along with the rapid development, some problems that cannot be neglected appear with the strategic emerging industries, they are:un-equilibrium of the industrial structure, low technological level and difficulties of financingSuch problems need to be solved in a proper way. Furthermore, development of the industry is attributed to government and entrepreneurs, thus lacking of effective communication between both sides leads to above problems. Specifically, because of government's failing to understand entrepreneurs fully, the relevant policies don't work quite well. So the objects of my work is the entrepreneurs, centering on "the key factors influencing entrepreneurial opportunity recognition of strategic emerging industry", the purpose of which is to provide theoretical support for making relevant policies by deepening understanding of the entrepreneurs.The key factors that influence entrepreneurial opportunity recognition of strategic emerging industry is determined by propriety of the entrepreneurial opportunity. At the very beginning of my thesis, I want to get similarities by comparing the strategic emerging industry and the conventional industry; then I want to get differences by comparing different strategic emerging industries and there are vast differences among them which results in different key factors that influence entrepreneurial opportunity recognition, that is to say, it is hard to find a or some certain models to cover and explain those factors. As a result, I want to focus one of the typical strategic emerging industries - photovoltaic industry to conduct in-depth research.I summarize the proprieties of the photovoltaic industry by combing its own general development situation and the general characteristics of entrepreneurial opportunity of strategic emerging industries. The specific way I approach is firstly to do literature review, confirming the resource acquirement, prior knowledge, and risk perception as key factors that influence entrepreneurial opportunity recognition of strategic emerging industry and building initial conceptual model. One of the key factors, resource acquirement is three-fold; they are information resource, technological resource and capital resource. On another hand, the opportunity recognition also has three-fold, which are feasibility, profitability and continuity.Verifying and modifying the model results are as follows:resources and access to information resources, technology resources for entrepreneurial opportunity identification feasibility, profitability, and continues to have a direct role, but also through the mediating role of perceived risk on opportunity recognition, feasibility and profitability, continuity has indirect effect. The direct effect of resource access on the capital resources dimension is not significant to the profitability and continuity of the opportunity, indirectly through the risk perception for profitability, continuity. However, the financial resources have a direct impact on the feasibility of the identification of opportunities, but also indirectly through the mediating role of risk perception. Prior knowledge for entrepreneurial opportunity identification feasibility, profitability, and continues to have a direct role, but also through the mediating role of perceived risk on opportunity recognition, feasibility and profitability, continuity has indirect effect. At the end of this paper, we put forward some policy recommendations based on the conclusions of the study and look forward to the future research direction.