Abstract
We intend to see how interventions during a business plan competition workshop impact the relationship between the personality, intellectual capital, entrepreneurial skills of the participants and their entrepreneur identity aspiration. INVENT is a nation-wide business plan competition in which university students from all over Pakistan (around 3000) participate. This is a 5 month process which involves a lot of training and mentoring during the various rounds. The interventions to promote entrepreneurship take place in the form of lectures, workshops, case studies, and mentoring sessions. The survey was conducted in two phases; the baseline survey was conducted during the initial workshops and the second survey was conducted towards the end of the competition and finals. In this paper, we evaluate the results of the baseline survey conducted during the initial workshops. To test the model, the constructs of entrepreneurial personality, intellectual capital, entrepreneurial skills and business program inputs were validated followed by factor analysis and structural equation modeling. We found out that the entrepreneurial interventions carried out in the workshops led to positive relationships between the variables and had a positive impact on the Entrepreneur Identity Aspiration of the participants.
Highlights
Having become the most potent economic force the world has ever experienced over the last two decades (Kuratko, 2005), the importance of Entrepreneurship cannot be overemphasized in today’s time
Theoretical framework This study develops an integrative conceptual framework that discovers the relationship between various factors and entrepreneurial skills leading to the main variable - entrepreneur identity aspiration
The Average Variance Explained is above the 0.5 threshold for almost all variables except for Intellectual Capital which is quite low, and Entrepreneurial skills and Psychological Characteristics which are relatively close to the minimum value of 0.5
Summary
Having become the most potent economic force the world has ever experienced over the last two decades (Kuratko, 2005), the importance of Entrepreneurship cannot be overemphasized in today’s time. Entrepreneurship is no longer a buzz word referring to exclusive businesses that cater to niche markets. The trait theory of entrepreneurship like the trait theory of leadership states that entrepreneurs have certain innate traits that make them capable of coming up with innovative ideas and putting them into fruition. Qureshi et al Journal of Global Entrepreneurship Research (2016) 6:9. “leaders are born and not made” according to some, it is stated that entrepreneurs are born. This begs the question that can entrepreneurship be taught?
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