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The paper uses the SCOP theory of concepts to model the role of environmentalcontext on three levels of entrepreneurial opportunity: idea generation, ideadevelopment, and entrepreneurial decision. The role of contextual-fit in thegeneration and development of ideas is modeled as the collapse of theirsuperposition state into one of the potential states that composes thissuperposition. The projection of this collapsed state on the socio-economicbasis results in interference of the developed idea with the perceptions of thesupporting community, undergoing an eventual collapse for an entrepreneurialdecision that reflects the shared vision of its stakeholders. The developedidea may continue to evolve due to continuous or discontinuous changes in theenvironment. The model offers unique insights into the effects of externalinfluences on entrepreneurial decisions.

Modeling the Role of Context Dependency in the Recognition and Manifestation of Entrepreneurial Opportunity