Abstract
With the progress of science and technology, the emergence of new technologies has greatly promoted young college students' entrepreneurial boom. However, the progress of science and technology not only brings more opportunities for entrepreneurship, but also makes the market competition more intense. High-speed information updating makes the risk of entrepreneurship sharply increase. Individual entrepreneurship gradually transforms into group entrepreneurship, further increasing the complexity of decision-making. In order to reduce entrepreneurial decision-making errors, this study empirically analyzed the impact of entrepreneurial cognitive ability on entrepreneurial decision-making of entrepreneurial groups of students in Beiijing, Shanghai, Guangzhou and other regions who have been entrepreneurs for three months to six years. The data of five factors, entrepreneurial consensus ability, professional allocation ability, monitoring and control ability, decision-making speed and effect of decision making, were collected through questionnaire. The relationships between the factors were initially determined using SPSS, and the causal relationship was further analyzed using multi-variable regression analysis. The results showed that entrepreneurial consensus ability and professional allocation ability had a significant positive impact on decision-making speed, monitoring and control ability had no significant impact on decision-making speed, professional allocation ability and monitoring ability had a significant positive impact on decision-making effect, and entrepreneurial consensus ability had no significant impact on decision-making effect. In conclusion, entrepreneurial cognitive ability of student entrepreneurs has a significant impact on entrepreneurial decision-making.
Highlights
With the joint development of economy and science and technology, a variety of new things have sprung up, providing a lot of opportunities for independent entrepreneurship [1]
The results show that cognitive ability and diverse work experiences could synergistically create useful, versatile skills that reduce the barriers to first-time entrepreneurship
This study made an empirical analysis on the impact of entrepreneurial cognitive ability on entrepreneurial decision making of students who have been entrepreneurs for three months to six years in areas such as Beijing, Shanghai and Guangzhou
Summary
With the joint development of economy and science and technology, a variety of new things have sprung up, providing a lot of opportunities for independent entrepreneurship [1]. For College students, the ultimate goal of entrepreneurship is to set up new enterprises. In this process, decision making directly determines the success of entrepreneurship [2]. Peltonen et al [4] hypothesized that individuals with higher cognitive abilities were better able in learning and accumulating new skills when exposed to different types of work and tested the hypothesis by establishing a mobile sample group which is composed of 170,000 people who took standardized intelligence tests at the age of 19 and 20 and using associated employer-employee data. Pearson correlation coefficient method was used to preliminarily determine the relationship between the factors, and multi-variable regression analysis was used to further analyze the causal relationship; the influence of entrepreneurial cognitive ability on entrepreneurial decision was obtained
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