Entrepreneurship Research Articles

A crystallized exposition on promoting an entrepreneurial mindset in Kazakhstan higher education institutions

A crystallized exposition on promoting an entrepreneurial mindset in Kazakhstan higher education institutions

Cultivating the Entrepreneurial Mindset: Integrating Theory and Practice in Curricula across University Departments

Cultivating the Entrepreneurial Mindset: Integrating Theory and Practice in Curricula across University Departments

Determining Factors for Startup Success in Indonesia: Perspective of Young Entrepreneurs

The entrepreneurial ecosystem in Indonesia is expanding rapidly, driven by the active involvement of young entrepreneurs. However, the factors influencing the success of these startups remain understudied. This research aims to explore the key determinants of startup success from the perspective of young entrepreneurs in Indonesia. A mixed-methods approach was adopted, incorporating both quantitative surveys and qualitative interviews with startup founders. The quantitative data was analyzed using SmartPLS, while thematic analysis was applied to the qualitative insights. The findings reveal that market adaptability, financial management, mentorship, and innovation are the primary factors contributing to the success of startups. These elements are crucial in shaping the sustainability and growth of startups in the Indonesian context. Understanding these factors can provide valuable insights for aspiring entrepreneurs, investors, and policymakers, helping to create a supportive environment for startup development and success.

Improving Business Performance of SMEs Using SDGs Components and Business Strategy

This study aims to describe and analyze the correlation of the SDGs components related to business strategy and performance of SMEs. Sustainable Development Goals (SDGs) were conceptually used as basic variables in improving the business performance of small and medium enterprises (SMEs) in order to reduce poverty alleviation. The type of this research is explanatory research. The number of samples in this study were 170 respondents of SMEs determined by structural equation model (SEM) as the method of analyzing data, which is operated by AMOS. The population is 295 SMEs. The result of this study shows that the greatest influence of performance of SMEs was business operational strategy of 6,365, and the smallest effect was on SDGs economic indicators to business operational strategy of 1,022. In this case, it can be stated that the sustainable development goals (SDGs) have a significant influence on the business operational strategy and business performance of SMEs. For small and medium entrepreneurs in Yogyakarta, seeing SDGs as a development goal will affect their operational business strategy, especially related to economic variables. Keywords: business performance, business strategy, poverty alleviation, small and medium enterprise (SMEs), SDGs

Entrepreneurial Mindset: Cultivating Innovation for Success in the Digital Age

The development of an entrepreneurial mindset is becoming more widely acknowledged as essential for promoting innovation and attaining success in today’s quickly changing digital environment. An overview of the vital role that an entrepreneurial mindset plays in fostering innovation in the digital age is given in this abstract. It looks at how people and organizations can adopt entrepreneurial values to take advantage of new opportunities, manage uncertainty, and adjust to technology improvements. Developing an entrepreneurial mindset is crucial for success in the fast-paced digital world as it promotes creativity. This study explores the importance of fostering an entrepreneurial mindset in the modern day as a means of promoting innovation. It looks at how people and organizations may use entrepreneurial ideas to overcome uncertainty, take advantage of opportunities, and adjust to the rapid growth of technology. This study explores the characteristics of an entrepreneurial mindset by utilizing interdisciplinary viewpoints from the fields of technology, psychology, and entrepreneurship. It also covers methods for encouraging an entrepreneurial attitude in a variety of settings, such as business, community, and education. This seeks to shed light on how an entrepreneurial attitude is essential for fostering innovation and offer strategies for individuals and companies to prosper in the rapidly changing digital environment.

Seeding young entrepreneurs: The role of business incubators

This study focusses on young entrepreneurs and considers the extent of business incubators’ impact on the development and visibility of projects headed by young people. To do so, we analyse incubators’ role as ecosystems for entrepreneurship in Spain based on the 2023 Funcas survey. First, we categorised incubators according to entrepreneurs’ age, defining young incubators as those in which most of the businesses are run by individuals under 35, excluding those over that age. We analyse variables that include the services offered and the frequency of events or training within the incubators to determine which approaches benefit or harm young entrepreneurs. This study uses a statistical approach, with quantitative data from the questionnaire as a starting point to characterise and identify young entrepreneurial profiles in business incubators. We develop and test two hypotheses using the chi-squared test, which is a non-parametric (distribution free) technique. Finally, we include a brief analysis of young entrepreneurs’ personality traits to shed light on some defining characteristics, concluding that personal initiative is a key feature amongst entrepreneurs under the age of 35. We conclude that the incubator system in Spain harms young entrepreneurs and propose some relevant recommendations to reverse this trend.

Implementing an entrepreneurial mindset through activities in recycling course

There is an urgent need to connect theoretical knowledge acquired in engineering courses with practical, real-world applications to promote knowledge sustainability. To address this need, an entrepreneurially minded learning (EML) approach was implemented in an elective course titled Recycling of Advanced Engineering Materials. This approach enables students to explore the phases and interactions involved in product development by formulating and communicating requirements and solutions that consider both societal benefits and economic constraints, reflecting the entrepreneurial mindset behaviors outlined by the Kern Entrepreneurial Engineering Network (KEEN). The EML activities included hands-on recycling experiences and visits to local recycling companies, emphasizing motivation and overcoming conceptual learning barriers while enhancing students' entrepreneurial knowledge and reasoning skills. This study analyzed students' performance in exams, class discussions, and term projects alongside their perceptions of the engagement activities. Survey questions were designed to assess the impact of these activities on the development of students' entrepreneurial knowledge and abilities, utilizing a Likert scale for responses. Results from survey questions indicated that the EML approach significantly enhanced students' entrepreneurial knowledge and reasoning abilities, motivating them to engage in critical thinking and self-directed learning to address real-world challenges.

Words That Resonate: Synthesizing Insights From Engineering Faculty Collaboration on Entrepreneurial Mindset

Words That Resonate: Synthesizing Insights From Engineering Faculty Collaboration on Entrepreneurial Mindset

TINJAUAN LITERATUR: Pendidikan Entrepreneur Mahasiswa

The purpose of this research is to identify and direct efforts needed to enhance the role of higher education institutions in entrepreneurship education. The method for searching data sources for articles was conducted through the GARUDA database (2019-2023) to retrieve relevant articles published in Bahasa Indonesia. Terms and key phrases related to student entrepreneurs were reviewed through abstracts or texts of research journals before being included in the review according to criteria. Based on the analysis of the literature review, there were 59 relevant journals found. The review results indicate that by implementing relevant curriculum provision steps, business incubators and startup accelerators, entrepreneurship skills training, collaboration with industries, funding support, entrepreneurship mindset development, and coaching and mentoring programs, universities are expected to play a more effective role in preparing students to become successful entrepreneurs. This, in turn, will contribute to economic growth, job creation, and achieving Indonesia's vision as a developed country by 2045.

청년창업가의 개인역량과 창업준비수준이 창업성과에 미치는 영향 요인 연구 : 창업컨설팅의 조절효과 중심으로

The purpose of this study was to verify the effect of young entrepreneurs' individual competency and start-up preparation level on start-up performance and the moderating effect on the reliability and satisfaction of start-up consulting. To this end, 190 surveys collected for young entrepreneurs living across the country were used for empirical analysis, and hierarchical regression analysis was conducted using SPSS v28.0. As a result of the analysis, first, it was found that item selection and start-up preparation period had a significant effect on start-up performance, which is a dependent variable among young entrepreneurs' individual competencies, and it was found that start-up funds did not significantly affect start-up performance among individual competencies in leadership competency, technological innovation competency, and start-up preparation level. Second, the moderating effect, consulting reliability and satisfaction, was found to partially control the individual competency and start-up performance of young entrepreneurs, and there was no moderating effect between the start-up preparation level and start-up performance of young entrepreneurs. Therefore, it can be confirmed that the individual competency and start-up preparation level of young entrepreneurs are important variables as they affect start-up performance. The results of these studies are hoped to be helpful to young entrepreneurs preparing for start-ups and policy makers for start-up support in customized policies for fostering young entrepreneurs.

The Analysis Factors Influencing the Implementation of Digital Social Entrepreneurship Application in Learning Engineering Education Using Structural Equation Modelling

A big part of being an entrepreneur is keeping up with modern technological advancements. However, many factors can lead to the ambition to launch an online company. Digital social entrepreneurship methodology examines the effects of college students' entrepreneurial mindset, smartphone usage habits, and Locus of Control on their digital business intentions. This research is fundamental because it provides information to universities that they can use to evaluate their plans for a digital-based entrepreneurship learning model that will help them provide a good education. This study involved 428 respondents, and the data obtained from the respondents were examined using the application of structural equation modeling with a survey approach for this research, which looks at a small portion of the community and collects data through questionnaires. The primary data was examined using SmartPLS 4.0 software and structural equation modeling. This study found that having an entrepreneurial mindset, smartphone use, and locus of control exerts a substantial and meaningful impact on one's aspiration to become a digital entrepreneur. We wanted to find out how college students' thinking about being an entrepreneur affects their desire to become a digital entrepreneur, using smartphone usage habits and locus of control as influencing factors. To make someone who wants to become an entrepreneur, this research needs to measure Digital Entrepreneurial Intention appropriately in students who take Entrepreneurship courses.

How Does the Performance of Islamic Microfinance Institutions Affect the Welfare of SMEs?: Empirical study of BTM Mulia Babat

This study aims to assess the direct and indirect effectiveness of Islamic microfinance services, particularly financing products, in enhancing the welfare of small and medium-sized entrepreneurs (SMEs) in Lamongan, with Baitul Tamwil Muhammadiyah (BTM) Mulia Babat as the case study. The partial least square-structural equation modeling method is used in this quantitative study, examining data from 52 respondents, where the respondent data are BTM Mulia Babat business financing customers. The findings of this study found that Islamic microfinance services and business assistance directly have a positive impact on SMEs' increase in income. However, Islamic microfinance services and business assistance indirectly do not impact SMEs' welfare. Despite the increase in SMEs' income, it directly impacts SMEs' welfare. The novelty of this study is to identify the effectiveness of Islamic microfinance institutions in improving the welfare of SMEs. This study presents evidence of the impact of Islamic microfinance institutions on the welfare of micro and medium entrepreneurs. It can encourage more Islamic microfinance programs to offer feasible Islamic microfinance services as an alternative to boosting SMEs in the regions. This study's empirical implications and findings highlight the importance of business assistance from Islamic MIFs as business financing providers to support businesses.

Cost - benefit analysis of DISCOs by Optimal allocation of DGs and DSTATCOM using GTO algorithm

Electric power Distribution Companies (DISCOs) provide low-cost, reliable, and consistent voltage power from distribution substations. DISCOs have radial transmission lines with all buses as load buses and no generating buses. The voltage at each bus decreases, resulting in larger network losses and voltage variations, which lowers DISCO and customer costs and benefits. This study strategically uses Distributed Generation (DGs) and DSTATCOM to optimize cost-benefit analysis and voltage stability for Distribution Companies (DISCOs). We planned DG unit and DSTATCOM deployment using a new and comprehensive Group Teaching Optimization (GTO) method in this study. The algorithm considers Distribution Company and DG Owner profitability simultaneously. Group Teaching Optimization (GTO) is used on a 33-node test system. MATLAB simulations show the GTO's usefulness in Distribution System Operators.

Exploring Competitive Intelligence Effectiveness on SMEs Performance: The Meditating Influence of Entrepreneurial Orientation

The small and medium-sized enterprise (SME) sector is the backbone of the economies of most large countries, driving employment and economic growth. Competitive intelligence (CI) is a major concern for academics and practitioners, as it affects company strategy. In the current uncertain global climate, CI is crucial, as it fosters the development of new ideas and innovations. Given that more established companies typically hold this association, the overarching goal of this study was to explore how smaller companies' entrepreneurial drive interacts with their use of CI to boost performance, thereby adding to the existing body of knowledge. We obtained information from 504 small business owners or managers, and tested the suggested heuristic model via descriptive statistics and partial least squares structural equation modelling (PLS-SEM). The results indicated that entrepreneurial orientation (EO) plays a significant role in mediating the impact of CI on SMEs' performance. We confirmed that CI has a direct effect on SMEs' performance, as does the nexus between CI and EO. However, EO mediates this connection. On the basis of the results of this research, SME managers should maintain a thriving entrepreneurial mindset while developing novel strategic approaches to increase innovation and productivity. Furthermore, we provide valuable recommendations for future research, and we urge policymakers to launch entrepreneurship programmes to help SMEs develop an entrepreneurial drive and a conceptual model that positions EO as a strong indicator of CI and SME performance.

Entrepreneurial Intention Among Management Students of Butwal Sub-Metropolitan City

Purpose: This study aims to investigate the factors influencing entrepreneurial intention among management students in Butwal Sub-Metropolitan City, and explore key determinants such as personal attitude, subjective norms, perceived behavioral control, and leadership capacity. Methods: Data were collected through surveys from 388 respondents out of 13093 management students analyzing their perceptions and intentions toward entrepreneurship through questionnaire methods using a five-point Likert scale method. The study used the Theory of Planned Behavior as a theoretical framework. Results: The study reveals that positive personal attitudes and strong perceived behavioral control significantly enhance entrepreneurial intention while subjective norms and leadership capacity also play crucial roles. The study explores the importance of entrepreneurial education in shaping future entrepreneurs despite numerous challenges, including high interest rates and limited market opportunities. Conclusion: The study emphasizes the need for understanding how management students in a Nepalese context perceive and intend to engage in entrepreneurial activities to cultivate entrepreneurial mindsets in emerging economies. The study highlights the need for the implementation of targeted policies and educational programs effectively to pave the way for creating conducive environment for entrepreneurship among students.

Entrepreneurship educator: a vital cog in the wheel of entrepreneurship education and development in universities

Entrepreneurship educators (EEs) are critical in fostering entrepreneurship and innovation in emerging economies, as they play a vital part in developing talent, which further contributes to a knowledge-based economy. The value of EEs is in promoting entrepreneurship education and highlighting the significance of developing an entrepreneurial mindset among students. Primary data was collected by conducting in-depth, semi-structured interviews involving educators affiliated with public and private Higher Education Institutions (HEIs) in the UAE. Participants were selected by adopting random sampling and snowballing techniques. Our findings not only shed light on the challenges faced by EEs but also underscore the urgent need for better support from institutions. This support is crucial for EEs to make an effective contribution to developing a professional workforce that can significantly impact students and the community. We also advocate strategies for fostering experiential learning, which include giving EEs more autonomy and support by establishing dedicated entrepreneurship centers. This work is a call to action, contributing to the further development of the literature on EE, which has received much lesser academic attention than it deserves. It also lays a foundation for further cross-country studies.

로컬기반의 창업교육 교육과정 및 교과목 개발 사례 연구 : T대학 「로컬콘텐츠 중점대학」 사례를 중심으로

Recently, efforts to foster young entrepreneurs who can settle in the region are expanding through the active introduction and activation of various local entrepreneurship education and support programs for balanced development of the community. This study attempted to present examples and implications of startup-based local content-focused universities that local universities plan to operate, based on previous research on regional innovation systems, domestic and international advanced cases, and the results of reviewing local government startup support policies. . As a result of the study, looking at local industrial trends, it is necessary to operate courses that can offset the obstacles to starting a business and difficulties after starting a business, and there is a need to open related courses for nurturing local creators and courses on analyzing startup market trends.In addition, more attention is needed on the government and local governments' support policies related to start-ups, and practical training such as mentoring should be supplemented so that those preparing to start a business can receive support through the relevant policies. In addition, there is a need to clarify the identity of future roles of those receiving training, and the areas of commercializing resources such as community, culture, and infrastructure should be reflected in the curriculum. The results of this study may provide implications for expanding local-based entrepreneurship education leading models and curricular and non-curricular programs under the regional innovation system in the future.

تعزيز رشاقة وأداء سلسلة التوريد من خلال المشتريات الإلكترونية: دراسة للقطاع الصناعيّ الفلسطينيّ

Objective: The study aimed to explore the direct impact of e-procurement on the agility and performance of the supply chain in the Palestinian industrial sector. Methodology: The questionnaire was used as the main tool for the study. It contained a set of questions to measure the study variables. It was designed based on previous studies. This study was conducted on a sample of 288 individuals from the owners of companies in the Palestinian industrial sector, their managers and decision-makers. A number of hypotheses were formulated and examined using the structural equation model (Structural Equation Modeling (SEM), using the statistical program SmartPls4. Results: The study found a positive significant impact of e-procurement in its combined dimensions (e-design, e-sources, e-negotiation, and e-evaluation) on the agility of the supply chain. As for the results of the impact of the individual dimensions of e-procurement, the study found a positive significant impact for all dimensions except the dimension of e-negotiation on the agility of the supply chain. The study also found a positive significant impact for both e-procurement and supply chain agility on its performance. Conclusion: E-procurement is an important tool in enhancing the agility of the supply chain in the industrial sector, and an important factor in improving the performance of this chain.

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.

Unraveling the Collapse: A Study of Failed Startups in India

The Indian startup ecosystem has experienced remarkable growth in a relatively short period, driven by a combination of factors such as government initiatives, improved access to capital, demographic strengths, and rapid technological advancements. Despite ongoing challenges, the resilience and creativity of Indian entrepreneurs continue to foster innovation and inspire optimism for the future. Startup failures in India highlight the importance of adopting a comprehensive approach that includes sound business planning, strategic resource management, and a resilient entrepreneurial mindset. With the right mix of policies, infrastructure, and investment, India is well-positioned to become a global hub of innovation, generating employment, boosting economic growth, and addressing some of the world’s most pressing issues through entrepreneurship. This paper examines the key factors contributing to the recent struggles of startups in India, focusing on 12 companies.