RT Journal Article SR Electronic T1 A Framework for Understanding Opportunity Recognition JF The Journal of Private Equity FD Institutional Investor Journals SP 13 OP 24 DO 10.3905/jpe.2002.320030 VO 6 IS 1 A1 Noel J. Lindsay A1 Justin B Craig YR 2002 UL https://pm-research.com/content/6/1/13.abstract AB The issue of opportunity recognition, as opposed to opportunity evaluation, has received far less attention. Yet it is opportunity recognition that often drives deals. This article presents and tests six hypotheses on opportunity recognition against a sample of 262 respondents divided among financiers and entrepreneurs. The hypotheses measure the differences between respondents' views on the following topics: alertness to opportunities; creativity and idea generation; search process and strategies; causes of opportunities; opportunity sources; evaluation; and “feel.” In general, both groups had similar responses, but several interesting differences were discovered.