Abstract
The purpose of this paper is to evaluate the relations of originality, efficiency, conformism, and entrepreneurial potential. The sample consisted of a student population from Serbia and Bosnia and Herzegovina as EU candidate countries and from the EU member country, Belgium. Research results can help policy makers receive valuable information on how to improve student attitude towards entrepreneurship. Data was collected from a sample of 1008 university students from these three countries. The Kirton Adaptation Innovation Inventory (KAI), Questionnaire on Entrepreneurial Traits (QET), and The Scale of Entrepreneurial Potential (SEP) were applied in the research in order to obtain data. Canonical correlation analysis revealed a significantly strong relation between originality, efficiency, conformism, and dimensions of the Entrepreneurial Traits model, as well as significant relation to the entrepreneurial potential model. Findings from this study may provide data that could be used to develop and foster the entrepreneurship potential of students and help improve the economy in the region.
Highlights
Previous studies concentrated on researching personality traits [1,2,3,4] found connections between personal traits and entrepreneurship while some research in this field showed inconclusive results [5]
We observed that entrepreneurial activity is very slowly rising in these two neighboring countries and we focused on studying student entrepreneurial potential by evaluating relations of originality, efficiency, and conformism subscales of the Kirton Adaptation Innovation Inventory (KAI) model
Results for the first pair in Table 1. showed that individuals who had a higher score on originality and efficiency have a higher score on all sub-scales of the Questionnaire on Entrepreneurial Traits (QET) model, on the focus on achievement and meeting the challenges, unconventionality, creativity, and entrepreneurial self-efficacy
Summary
Previous studies concentrated on researching personality traits [1,2,3,4] found connections between personal traits and entrepreneurship while some research in this field showed inconclusive results [5]. Among the personal traits that implicate a significant relation with entrepreneurship, Yan [4] found proactivity which drives individuals to create opportunities and improve. Rauch and Frese [3] concluded in their research that studies should take into account personal traits and their influence on entrepreneurship if improvement in this field of study was to be made. Entrepreneurship has been in the center of focus of educators and policy makers for the past decades. This is because economic development is largely a consequence of entrepreneurs who by implementing their creativity and innovativeness create new businesses [6]. Innovativeness is considered to be one of the tools of entrepreneurship [8]
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