Entrepreneurial Aspirations Research Articles

Gen-Z Entrepreneurial Intentions: Exploring the Impact of Risk, Achievement Needs, and Social Media Engagement

This research explores the relationship between risk-taking propensity, need for achievement, social media engagement, attitudes toward entrepreneurship, and entrepreneurial intention among Gen-Z entrepreneurs in Banyumas Purwokerto. Gen-Z, known for their digital fluency and innovative outlook, presents unique insights into entrepreneurial intention, making them a compelling focus for this study. Using Structural Equation Modeling (SEM) with the Partial Least Square (PLS) approach, selected for its ability to handle complex models with mediating effects, the study surveyed 150 participants. Findings reveal that risk-taking propensity, need for achievement, and social media engagement significantly and positively influence entrepreneurial intention. Additionally, attitudes toward entrepreneurship mediate these effects, highlighting the role of mindset in translating individual characteristics into entrepreneurial ambitions. Practical implications suggest that educators, policymakers, and business mentors can enhance entrepreneurial intention by fostering supportive environments that nurture these traits and positively shape attitudes toward entrepreneurship among Gen-Z.

Resilience rewritten: Ann’s journey from adversity to entrepreneurship

Research methodology None. Case overview/synopsis The case study follows Ann’s journey towards entrepreneurship, focusing on the challenges she faced and how early educational interventions influenced her life decisions. Despite numerous obstacles, Ann’s perseverance, bolstered by her family’s support and her passion, led to her successful reintegration into academia and the launch of an entrepreneurial venture in the UK. Her story highlights the dilemma of balancing educational attainment with entrepreneurial aspirations, especially for at-risk students. Ann’s experience prompts critical discussions about the intersection of education and entrepreneurship, the importance of experiential learning and the role of mentorship in realizing business ideas. The nurturing environment of her business school, through guest lectures and real-world success stories, played a significant role in shaping her academic and professional outlook. This case raises essential questions about the role of higher education in fostering entrepreneurial skills and integrating experiential learning within academic curricula. Ann’s journey exemplifies the power of resilience and determination in overcoming systemic and entrepreneurial challenges, particularly for women facing similar struggles. Her story illuminates the multifaceted process of turning a personal experience into an entrepreneurial opportunity, emphasizing the critical role of mentorship and support networks in developing a viable business idea. Complexity academic level This case study is best suited to undergraduate and graduate students enrolled in management and business-related courses that focus on entrepreneurship and entrepreneurial education. The case study is relevant in various business disciplines as it informs students of the process and challenges related to business start-ups and acquiring related capabilities. Instructors are encouraged to have students read the extensive reference list provided at the end to broaden their understanding and knowledge of entrepreneurship, including its processes, context and practices.

Exploring the intersectionality of ethnicity, gender and entrepreneurship: a case study of Nepali women in the United Kingdom

PurposeEntrepreneurs belonging to ethnic minority groups have emerged as a significant and more powerful element within the private sector, having considerable economic and social impact. Nevertheless, prior empirical research has indicated that each geographical area has distinct social and cultural obstacles that impact entrepreneurs in varying ways. Hence, the purpose of this study is to examine the difficulties and barriers faced by women entrepreneurs from diverse ethnic origins in the United Kingdom, a developed region, while managing their firms.Design/methodology/approachIn this research, the cross-concepts of intersectional theory were used as the study’s analytical framework. The research methodology involved conducting semi-structured face-to-face interviews with a group of 30 Nepali women entrepreneurs residing in the United Kingdom. A qualitative approach was employed, and thematic analysis was used to extract meaningful findings.FindingsThe study’s outcomes underscore the emergence of social stereotypes as a salient factor affecting Nepali female entrepreneurs. Furthermore, the research identifies challenges and barriers, which fall into several cross-concept categories: those related to self-efficacy; family; social and cultural factors; business-related issues; access to financial resources; and ethnicity and work-based categorization. The findings might also have broader implications, benefiting ethnic female entrepreneurs in general, as well as ethnic communities and governmental and non-governmental organizations. Insights gained from the study can inform the development of tailored training and educational programs aimed at supporting and nurturing the entrepreneurial aspirations of ethnic women.Originality/valueTo the best of the researchers’ knowledge, there is a dearth of empirical investigations that probe the challenges and barriers faced by Nepali women who have embarked on entrepreneurial endeavours in the UK. This study contributes to the limited literature knowledge on ethnic women entrepreneurs, by linking ethnicity, class and gender/sexual orientation, as well as business, family, personal and financial constructs. By adopting the cross-concept of intersectional theory, this study further contributes to the knowledge of the discriminatory realities of Nepali women entrepreneurs as they grapple with the complex experiences of running a business. By doing this, our study can contribute further to the knowledge of gender and entrepreneurship from the ethnic background of UK enterprises.

Nations’ share of innovative entrepreneurs: financial systems to the rescue in difficult institutional settings

With much of the literature declaring little role for financial systems in boosting a nation's share of innovative entrepreneurs, this study argues that financial systems play an important role when other parts of the national business systems —skills and government— are weak. This argument is supported by an analysis of a panel data set comprising 283 country-year data over five years. Overall, this research contributes to a stream of research about the context for entrepreneurial aspirations or entrepreneurship quality. The study empirically confirms an idea seldom tested: the interplay required between systems components, such as institutions, to increase national innovative capacity.

Fueling Rural: The Unseen Forces of Family Background and Psychological Factors on Youth Entrepreneurship

Understanding entrepreneurial intentions among rural youth is crucial for fostering economic development; however, this demographic remains underrepresented in entrepreneurship research. This study explores the impact of entrepreneurial family backgrounds and psychological factors-such as self-efficacy, risk-taking propensity, need for achievement, and locus of control-on entrepreneurial intentions among rural youth in Deli Serdang, North Sumatera, Indonesia. A quantitative approach was utilized, employing a cross-sectional survey with data collected from a random sample of 217 rural youth through a structured questionnaire administered in person. Data analysis was conducted using partial least squares structural equation modeling (PLS-SEM). The results demonstrate that both entrepreneurial family background and psychological factors significantly influence entrepreneurial intentions. Specifically, having an entrepreneurial family background positively affects these intentions, while psychological factors also play a significant role. The study validates the research instruments and offers valuable insights into how familial and psychological influences shape entrepreneurial aspirations in rural contexts, reinforcing theories related to entrepreneurial self-efficacy, motivation, and psychological capital. For policymakers, the findings highlight the importance of supporting family-based entrepreneurial initiatives and integrating family involvement into entrepreneurial education. Educators are encouraged to incorporate psychological training to cultivate traits such as self-efficacy and resilience, while practitioners should develop supportive environments that leverage both familial and psychological resources. The study’s limitations include its focus on rural youth, which may restrict generalizability, reliance on self-reported measures, and the lack of exploration into underlying mechanisms or longitudinal effects. Future research should address these limitations by incorporating diverse populations, utilizing objective measures, and examining long-term impacts.

<b>Performance Dynamics of Male and Female Entrepreneurs in Pakistan: A Qualitative Comparison</b>

In recent years, focus on women entrepreneurship has increased and women are encouraged to perform an active economic role in the modern societies. However, it has been argued that women owned and operated entrepreneurial ventures exhibit poor performance, raising questions on the entrepreneurial potential of the women. Another line of argument highlight that women are different than men, leading them to have different entrepreneurial aspirations. Considering this theoretical premise, this study adopts a social role perspective to explain differences of entrepreneurial performance of women entrepreneurs in Pakistan. By employing a qualitative research design and collecting data from 19 male and female entrepreneurs in Pakistan, this study finds indications that social roles influence the performance orientation of male and female entrepreneurs. It was also found that male entrepreneurs have a more material and financial approach to relate to their entrepreneurial performance as they stressed more on profitability, cash flows, and material growth. On the other hand, female entrepreneurs exhibit a more peoples-oriented approach. They seemed to focus more on their stakeholders like customers, family, employees, and society at large. The study concludes that both male and female entrepreneurs have different performance orientations, and a unidimensional performance comparison of entrepreneurial performance of male and female is futile. Therefore, future practice and research on women entrepreneurship should consider a feminist perspective of entrepreneurial performance, where women entrepreneurs might be interested in self-fulfillment and empowerment and not in material growth or financial outcomes. The scope of this study is delimited to educated women entrepreneurs, living in metropolitan areas of Pakistan.

Unlocking Success: Malaysian PolyCC Lecturers’ Altruism, Enthusiasm and Harmonism in Sparking and Sustaining Student Startups Business

This study investigates the personalities of lecturers as mentors to startup entrepreneurs at higher education institutions (HEIs). The problem stems from the need to understand how specific personality traits contribute to effective mentorship. The objective is to explore how altruism, enthusiasm, and harmonism in lecturers influence their mentoring roles. A qualitative approach was employed, utilizing semi-structured interviews with Malaysian Polytechnic and Community College (PolyCC) lecturers who were finalists in the Best Entrepreneurship Mentor Award Category of the Ministry of Higher Education Entrepreneurship Award (MEA) 2021. These lecturers mentor student entrepreneurs who have successfully sustained their businesses. Thematic analysis was conducted using ATLAS.ti 9 to identify patterns and interactions. The resulting Entrepreneurial Mentor Personality Competency Model Framework, with a high inter-rater reliability (Cohen's Kappa value of 0.99), highlights key personality traits essential for effective mentorship. Additionally, the transferability of this model was validated by an entrepreneurship mentoring expert from Coventry University, United Kingdom (UK). This framework aims to guide HEI lecturers in fostering student entrepreneurship, providing a comprehensive guideline to help students achieve their entrepreneurial aspirations.

The Influence of Internal Factors, Education and Policy on Entrepreneurial Behavior in Guangdong Higher Vocational Colleges

This dissertation examines the effects of internal factors, education, and policy on the entrepreneurial behaviors of students in Guangdong Higher Vocational Colleges. The research delves into the impacts of entrepreneurial awareness, cognition, self-efficacy, and education, alongside the significant role of entrepreneurship policy in molding students' entrepreneurial intentions. A mixed-methods approach was employed, blending quantitative and qualitative analyses to explore these relationships thoroughly. Results indicate that internal factors such as entrepreneurial awareness and self-efficacy are significant predictors of entrepreneurial intentions. Entrepreneurship education is identified as a crucial factor that enhances students motivation and capabilities to partake in entrepreneurial activities. The study also underscores the substantial influence of governmental policies in fostering an entrepreneurial mindset among students. Additionally, this research explores the moderating effects of socio-environmental factors and gender on the nexus between entrepreneurial intentions and behaviors, revealing a complex interplay among personal, educational, and policy-related elements. This dissertation contributes to the academic understanding of entrepreneurial behaviors in vocational college settings and offers practical recommendations for optimizing entrepreneurship education and policies to better support students entrepreneurial aspirations.

Women’s Entrepreneurial Intentions: A Case From Madhesh Based On Skill

This study investigates the impact of financial skills on women's entrepreneurial intentions in Madhesh Province. Specifically, it examines how cognitive skills, numerical ability, financial literacy, behavioral traits, risk tolerance, and entrepreneurial self-efficacy influence these intentions. A quantitative research design was employed using a survey with a sample of 385 female respondents, including students, job holders, and entrepreneurs. Data were collected through structured questionnaires distributed via mail and social media. The analysis utilized descriptive statistics, correlation, and multiple regression to assess the relationships between financial skills and entrepreneurial intentions. The analysis reveals that financial literacy and behavioral traits are significant predictors of women's entrepreneurial intentions in Madhesh Province. Conversely, cognitive skills, numerical ability, risk tolerance, and entrepreneurial self-efficacy do not show a statistically significant impact. The study confirms the validity of the regression model through collinearity statistics, ensuring robust results. The findings underscore the importance of financial literacy and behavioral traits in shaping women's entrepreneurial intentions. To promote female entrepreneurship, it is recommended to focus on enhancing financial education and developing key behavioral traits. The study contributes to the literature by highlighting region-specific factors affecting women’s entrepreneurial aspirations and suggests tailored interventions for fostering female-led ventures in Madhesh Province.

BALANCING ENTREPRENEURSHIP AND PERSONAL LIFE

Balancing entrepreneurship and personal life is a delicate act that many founders and business owners struggle with. This article explores the importance of achieving this balance, discusses the characteristics of successful entrepreneurs who manage to do so, and outlines the advantages and disadvantages of integrating personal and professional spheres. Through case studies, challenges, and a concluding discussion, it aims to provide insights and strategies for individuals striving to harmonize their entrepreneurial ambitions with a fulfilling personal life. Keywords: Entrepreneurship, Work-life Balance, Personal Development, Time Management, Well-being, Success.

Impact of Socio-cultural Factors on the Development of Entrepreneurship: A Case Study of Belagavi City of Karnataka State

This research investigates the defining traits of successful entrepreneurs, specifically within the context of small and medium-scale businesses in Belgaum. It explores the influence of personal attributes such as personality traits, family business background, upbringing, and the role of community support in shaping entrepreneurial ambitions and actions. Utilizing a mixed-methods approach, the study employs comprehensive content analysis alongside thematic analysis of qualitative data derived from semis-structured interviews with Belgaum-based entrepreneurs aged between 25 and 45. These methods facilitate the examination of psychological factors like self-efficacy, and risk-taking behaviour, as well as the impact of social networks and environmental upbringing on the development of entrepreneurial traits and skills. The interviews provide a platform to uncover detailed themes and pathways that lead to entrepreneurial skill acquisition and refinement, offering insights into the early stages of psychological development conducive to entrepreneurial success. The research's findings contribute to a deeper understanding of the complex interplay between an entrepreneur's personal and social environment and their success in business ventures. Through its exploration of these dimensions, the study aims to enrich the literature on enterprise management and entrepreneurship, particularly in the realm of small and medium-sized businesses in emerging markets like Belgaum.

Fear to fail and entrepreneurship intent: examining linkages and potential pathways in Senegal

AbstractThis study aims to investigate the effect of fear of failure on entrepreneurship intent. It utilises survey data from the Global Entrepreneurship Monitor (2015) conducted in Senegal. Analysing a sample of 2364 individuals, the probit model was employed, revealing three key findings. Firstly, fear of failure significantly diminishes entrepreneurship intent. Secondly, individuals who are partially employed demonstrate a heightened inclination towards entrepreneurship. Thirdly, fear of failure consistently impacts entrepreneurship intent regardless of gender. A key policy implication of this research is the necessity to address discrimination in policies designed to support individuals with greater entrepreneurial aspirations.

Green Entrepreneurial Intention : The Role of Entrepreneurship Education and Entrepreneurial Self Efficacy

The purpose of this research is to examine how entrepreneurial self-efficacy functions as a mediator in the relationship between green entrepreneurial intention and entrepreneurship education. This research used a survey method with a quantitative approach. A proportionate stratified random sampling method was utilized to calculate the sample for this study, resulting in 305 respondents from various undergraduate programs at Universitas Sebelas Maret and Universitas Negeri Semarang. This study uses data collection techniques using a closed questionnaire in the form of a Likert scale with five alternative answers. IBM SPSS Statistic 26 software was utilized in this work as a statistical analysis tool to examine the mediation effect using route analysis. The study's findings suggest that students' intentions to pursue green entrepreneurship can be influenced by entrepreneurship education, with entrepreneurial self-efficacy acting as a mediator. In order to boost students' entrepreneurial ambitions, university policymakers must incorporate entrepreneurship instruction within the curriculum. Universities should include material on green entrepreneurship in their programs to prepare students to face environmental challenges through business. In addition, it is important to develop training programs that focus on increasing confidence in entrepreneurship, such as through business simulation and mentoring. Policymakers also need to support entrepreneurship education programs that promote sustainable business by providing financial support and supportive policies.

ENTREPRENEURIAL INTENTION AMONG UNIVERSITIES STUDENTS: A GLOBAL REVIEW

The aim of this paper is to analyze the entrepreneurial aspirations of university students. Additionally, it investigates the moderating influence of entrepreneurial support systems on the relationship between entrepreneurial intentions. and factors that may affect students' inclination towards entrepreneurship. This research employed a literature-based methodology, gathering secondary data exclusively from the Emerald journal pertaining to university students. The results indicated that students' entrepreneurial intentions play a crucial role in fostering an entrepreneurial mindset among university students, leading them towards entrepreneurship. Furthermore, the inclination towards entrepreneurship is reinforced by the intention to pursue entrepreneurial endeavors, with a significant impact observed from educational support ,relational support, self-efficacy and desirability and feasibility. The study focused on exploring how university students transitioned into entrepreneurs and how fostering entrepreneurial intentions could benefit them on a global scale. KEYWORD- Entrepreneurship, Entrepreneurial intention, University Students.

Shaping the future Entrepreneurs: Influence of human capital and self-efficacy on entrepreneurial intentions of rural students

This study explores the determinants of entrepreneurial intentions among rural students in Oman's Dhofar region, focusing on self-efficacy, skills, and education as components of human capital. Using Bandura's social cognitive theory, a quantitative approach examines how psychological factors and experiential learning influence entrepreneurial intentions. Data from 467 randomly selected students were collected via self-reported surveys. Results show a significant positive relationship between self-efficacy and entrepreneurial intentions, with higher self-efficacy levels correlating with greater entrepreneurial inclination. Skills also positively impact entrepreneurial intentions, highlighting the importance of diverse skill sets. Additionally, self-efficacy moderates the relationship between skills and intentions, suggesting that high self-efficacy enhances the translation of skills into entrepreneurial ambitions. Unexpectedly, no significant correlation between education and entrepreneurial intentions was found. This study emphasizes the importance of psychological factors and experiential learning in shaping entrepreneurial intentions in unique socio-cultural and economic contexts. Insights can help policymakers and educators promote entrepreneurship and economic development in rural communities, fostering resilience and empowerment. This research enriches our understanding of entrepreneurship in diverse settings by examining the under-researched Dhofar region.

How Business Schools Support Students Pursuing Entrepreneurship: Insights from Nepalese Students

This study explores how Nepalese business schools are supporting students’ entrepreneurial aspirations and how they can further support student entrepreneurs. The study employed a qualitative research approach to gather students' perspectives on the effectiveness of current support systems. A total of seven interviews were conducted with students from two selected business schools. From the collective responses of the students, 8 prominent roles emerged, which were analysed using thematic analysis. The findings of the study revealed that business schools have been supporting their entrepreneurial students by imparting the theoretical knowledge required for entrepreneurship, complemented by providing platforms to apply the gained theoretical knowledge in a practical setting, nurturing their entrepreneurial skills through training and mentorship, facilitating the networking opportunity, and establishing the on-campus incubation centre. However, despite the continuous efforts of the business school, findings also revealed that there are many areas to be improved and given attention to motivate students to act on their entrepreneurial ideas. Findings suggest that Business schools should give more emphasis to funding Students’ business Ideas and modernising the method of teaching. This research contributes to an understanding of fostering entrepreneurship through business education in the context of business schools in Nepal.

Understanding the Effect of Entrepreneurship Education on Students' Entrepreneurial Intentions

This research investigates the impact of entrepreneurship education on the entrepreneurial intentions of vocational school students. The study employs a quantitative research methodology, utilizing observation, questionnaires, and documentation as data collection methods. The target group comprises students who have received entrepreneurship education, and the study uses their responses as the research sample. Data were gathered through questionnaires based on a Likert scale, with reliability and validity tests conducted to ensure accuracy. Simple linear regression analysis was then applied to interpret the data. The findings reveal that entrepreneurial knowledge significantly influences students' intentions to engage in entrepreneurship. The relationship between entrepreneurial knowledge and entrepreneurial interest is strong and positive, indicating that as students' understanding of entrepreneurship increases, so does their intention to pursue entrepreneurial activities. Conversely, a lower level of entrepreneurial knowledge is associated with a diminished interest in entrepreneurship. These results underscore the importance of entrepreneurship education in shaping students' entrepreneurial ambitions, suggesting that enhanced knowledge can effectively foster a greater desire among students to embark on entrepreneurial ventures.

Entrepreneurship Education and Social Environment: Key Drivers of Entrepreneurial Interest Among Students

This study aims to identify the key determinants of entrepreneurial interest among students, focusing on the influence of entrepreneurship education and the social environment. The research explores both the individual and combined effects of these factors on students enrolled in entrepreneurship programs at Universitas Negeri Makassar. This study is categorized as quantitative descriptive research, utilizing data collected through questionnaires with a Likert scale. The analysis includes descriptive statistical analysis, prerequisite analysis, hypothesis testing, and the determination of the coefficient. The findings indicate that both entrepreneurship education and the social environment have a significant impact on students' entrepreneurial interest, both individually and collectively. These results suggest that the quality of entrepreneurship education and the surrounding social environment play critical roles in fostering entrepreneurial interest among students in entrepreneurship study programs at public universities in Makassar. The study underscores the importance of creating a supportive educational and social environment to encourage entrepreneurial aspirations among students.

Exploring the impact of entrepreneurial experience on future entrepreneurship aspirations

This paper evaluates how different types of direct and vicarious experience in entrepreneurship determine the perceived entrepreneurial intention in short, medium, and long-term horizons. The paper concludes with a discussion of the importance of considering both personal experiences and social influences in designing curriculum. A survey was conducted on four types of entrepreneurial experience and four intention horizons. Two of the experiences were direct experiences: current and previous, whilst two were vicarious: family and knowing someone. The four intention horizons were now, short-term, long-term and no intention. The study looks at 679 agricultural students from universities in both China and the United Kingdom. The paper uses the integrated model of entrepreneurial intentions together with a temporal horizon model of intention as the theoretical underpinning for this approach. The study’s results reinforce the positive relationship between family experience and long-term intentions, thus supporting the idea that familial exposure to entrepreneurship can shape individuals’ long-term entrepreneurial aspirations. The lack of a significant association between current direct experience and long-term intentions deviates from previous research and may be attributed to other factors influencing individuals’ long-term intentions, such as changing circumstances or evolving entrepreneurial opportunities. The cohorts available, whilst from China and UK, as participants were limited which presents several opportunities to expand upon this work and challenge its central premise. An understanding of the role of family in shaping long-term entrepreneurial intention has widespread social implications. The discovery that individuals with entrepreneurial experience, be it direct or through vicarious means, generally show heightened entrepreneurial intentions, coupled with the insight that knowing an entrepreneur correlates with shorter-term intention horizons, whereas family-influenced experiences align with longer-term venture creation ambitions, offers valuable new perspectives for those involved in entrepreneurial education and support.

ChatGPT adoption in entrepreneurship and digital entrepreneurial intention: A moderated mediation model of technostress and digital entrepreneurial self-efficacy

Research background: In the rapidly evolving milieu of digital entrepreneurship, the integration of artificial intelligence (AI) technologies, exemplified by ChatGPT, has witnessed burgeoning prominence. However, there remains a dearth of understanding regarding the relationships between ChatGPT adoption in entrepreneurship and individuals’ cognitive career processes of digital entrepreneurship. Purpose of the article: The primary aim of the research is to adopt the Social Cognitive Career Theory and a moderated mediation model to unravel the intricate dynamics that characterize the impact of ChatGPT adoption in entrepreneurship and digital entrepreneurial intentions, underlying a moderated mediation mechanism of digital entrepreneurial self-efficacy and technostress. Methods: Drawing on the sample of 1326 respondents in Vietnam using a stratified sampling approach, first, Cronbach’s alpha and confirmatory factor analysis were used to test the reliability and validity of scales; after that, Harman’s single-factor and common latent factor were employed to test the common method bias; finally, the PROCESS macro approach was utilized to test the hypothesized model. Findings & value added: Our findings reveal positive impacts of ChatGPT adoption in entrepreneurship on digital entrepreneurial self-efficacy and digital entrepreneurial intentions. Moreover, digital entrepreneurial self-efficacy is found to significantly mediate the impact of ChatGPT adoption in entrepreneurship on digital entrepreneurial intention. Furthermore, technostress emerges as a significant negative moderator, influencing the impact of ChatGPT adoption in entrepreneurship on both digital entrepreneurial self-efficacy and intentions. This study thus contributes to the literature by advancing our understanding of how AI technologies shape entrepreneurial aspirations, offering valuable insights for scholars and practitioners navigating the transformative landscape of digital entrepreneurship.