Entrepreneurship Research Articles

Workshop dan Praktik Wirausaha Muda “Peran Generasi Muda Dalam Menumbuh Kembangkan Jiwa Entrepreneur yang Kreatif, Mandiri, dan Berdaya Saing”

Young entrepreneurship has become a trend among students with the development of technology and social media today. The aim of this activity is to increase the knowledge and enthusiasm of students in the city of Pematangsiantar so they understand the concept of entrepreneurship and its management strategies. Activity theme: The Role of the Young Generation in Developing a Creative, Independent and Competitive Entrepreneurial Spirit. This activity was attended by 200 students and displayed the results of group product trials. Participants came from invitations from several universities in Pematangsiantar City. The activity was held in collaboration with Murni Teguh PSDKU Pematangsiantar University, the Kelompok Tani Nelayan Andalan (KTNA), Pematangsiantar Tax Office. The results of the activity showed that 90% were satisfied with the material presented and there was an interactive discussion that provided solutions to problems faced by students so far through the distributed Google form

Elevating Your Business: Insights from Successful Entrepreneurs in Bangladesh

Entrepreneurship is increasingly recognized as a vital driver of economic growth and innovation. In today's dynamic business environment, strategic thinking and entrepreneurial acumen are indispensable for navigating challenges and capitalizing on opportunities. This paper delves into the journeys of five successful entrepreneurs in Bangladesh, shedding light on their strategies for scaling up businesses and achieving remarkable success. The primary objective of this research is to elucidate the strategic pathways employed by successful entrepreneurs in Bangladesh to elevate their businesses from modest beginnings to thriving enterprises. By analyzing the experiences of these entrepreneurs and integrating them with existing strategic entrepreneurship models, the study aims to develop a comprehensive framework that captures the essence of entrepreneurial success. This research adopts a qualitative approach, drawing on case studies of the five entrepreneurs and a thorough review of existing literature on strategic entrepreneurship. Thematic analysis is utilized to identify common patterns, key factors, and critical elements contributing to business growth and success. The existing strategic entrepreneurship model is then refined and augmented based on insights gleaned from the entrepreneurs' experiences. The findings reveal significant commonalities among the entrepreneurial journeys, including the importance of determination, resourcefulness, value creation, and continuous improvement. The newly developed model synthesizes these insights, providing a structured framework for aspiring entrepreneurs to scale up their businesses strategically. In this study underscores the pivotal role of entrepreneurial Mindset and strategic decision-making in driving business success. The proposed model offers actionable insights for entrepreneurs and policymakers seeking to foster a conducive environment for entrepreneurship and economic development. By leveraging the strategic pathways outlined in the model, entrepreneurs can navigate the complexities of business growth and achieve sustainable success in today's competitive landscape.

The Investigation of the Entrepreneurial Intention of the Younger Generation in the Tourism and Hospitality Industry

The hospitality and tourism industry is considered as one of Thailand’s most important industries. This current study thus pursues to investigate the significant influences of subjective norms, attitudes toward hospitality, perceived behavioural control, and hospitality behaviour on the hospitality entrepreneurial intention. The data used for this current study was collected from 414 respondents fromcollege students in tourism and hospitality programmes in Thailand. The data was systematically analysed adopting the statistical technique of Structural EquationModelling after reliability and validity testing. The findings showed that perceivedbehavioural control, hospitality behaviour, attitude towards hospitality, andsubjective norms, had positive influences on the hospitality entrepreneurial intention. The originality and benefits for the practitioners of this study included the expansionof the use of the theory of planned behaviour from the field of psychology intotourism, hospitality and entrepreneurship. The implications and practical recommendations included the government and agencies should enhance the positive image of the hospitality industry to create the positive attitudes towards the hospitality and tourism industry. In addition, policy makers, related hospitalitymanagers and education institutions can provide supports, such as promoting clubs or associations for young entrepreneurs to raise the awareness and interests for becoming entrepreneurs in the future.

Addressing Food Insecurity in South Sudan: Insights and Solutions from Young Entrepreneurs

This study explores food insecurity in South Sudan through the lens of young entrepreneurs, revealing insights into understanding the causes, coping strategies, and innovative solutions. Analyzing survey responses reveals a complicated problem linked to poverty, conflict, climate change, and economic instability. We surveyed 19 standout candidates selected from 325 South Sudanese participants from the United Nations Institute for Training and Research (UNITAR’s) hybrid training on entrepreneurship and agribusiness, who successfully passed the assessment criteria to attend a workshop in Hiroshima, Japan, in February 2024. These participants clearly depicted the dire circumstances, with widespread food insecurity, heavy reliance on humanitarian aid, and prevalent malnutrition, especially in conflict-affected regions like Yambio. Conflict, climate shocks, economic instability, and inadequate infrastructure emerged as primary drivers of food insecurity. Despite these challenges, young entrepreneurs express a keen desire to contribute to solutions, advocating for sustainable agriculture, entrepreneurship, and education initiatives. During conflict, coping strategies vary from reducing meal frequency to diversifying diets and engaging in subsistence farming. The innovative solutions proposed include sustainable agricultural practices, value chain development, and technology adoption. The study underscores the urgent need for comprehensive strategies addressing the root causes of food insecurity while empowering communities and young entrepreneurs to foster resilience. Sustained support in youth agri-business capacity building and entrepreneurial skills development, increased agricultural investment, infrastructure enhancement, and targeted youth empowerment initiatives are emphasized. Through collaborative efforts, South Sudan can progress towards achieving resilience and improving food security.

Pelatihan Kewirausahaan Digital Untuk Atlet Kota Semarang

This service activity aims to increase the potential of athletes in the world of digital entrepreneurship for athletes assisted by KONI Semarang City through entrepreneurship training in the digital field. The potential for digital businesses in Indonesia is very large and is expected to continue to grow. Therefore the main focus of this activity is to provide a better understanding of the potential outside the world of sport as well as the digital entrepreneurial skills needed to start and manage your own business. The service method is in the form of understanding the Entrepreneurial Mindset, Facilitating Business Logo Creation and Digital Entrepreneurship Skills. By involving expertise in entrepreneurship and training, this program is designed to empower athletes to create independent economic opportunities. Through this approach, it is hoped that athletes can overcome economic challenges after retiring from their sports careers and create a brighter future as successful digital entrepreneurs.

СОЦІАЛЬНО-ЕКОНОМІЧНА ЕФЕКТИВНІСТЬ ІННОВАЦІЙНОГО КОНСУЛЬТУВАННЯ З МОЛОДІЖНОГО ПІДПРИЄМНИЦТВА

The article considers the importance of increasing the socio-economic efficiency of counselling on youth entrepreneurship on the basis of innovation. The purpose of the study is to establish the impact of innovative approaches and technologies on improving the socio-economic outcomes of counselling young entrepreneurs. In the course of the study the methods of description, generalization and systematization were used. The influence of indicators of socio-economic outcomes of entrepreneurship on the socio-economic effectiveness of youth entrepreneurship counselling was identified and the main aspects of this influence were determined. It is established that youth entrepreneurship counselling has an inherent innovative function, which becomes the main factor in the socio-economic efficiency of its subjects. The introduction of product, process, managerial and organizational innovations in youth entrepreneurship counselling is proposed. Key words: youth entrepreneurship, consulting, business consulting, Global Innovation Index, innovation activity, innovation management, innovation function, product innovation, managerial innovation, organizational innovation, social innovation.

Risk management against the mindset of PGSD students in entrepreneurship

This study aims to find out how Risk Management Against the Mindset of PGSD Students in Entrepreneurship. Using the Quantitative Approach Method by calculating student data about the risks to the mindset of every PGSD student at PGRI Palembang University. The sample used was 40 first grade PGSD students. By conducting surveys, distributing questionnaires and determining the scale of the entrepreneurial mindset then analyzing data for each PGSD student in entrepreneurship. The results of this study are to prove that the risk mindset of PGSD students in entrepreneurship can develop the businesses they develop through their mindset, and by taking the questionnaire researchers can find out how much risk management mindset they face.

Technology Transfer, Technological Progress and Economic Growth: The Role of Institutional Quality in Pakistan

This study investigates the role of institutions in Pakistan’s efforts to stimulate technological progress, specifically analysing the evolution of institutional quality, technology transfer through technical cooperation grants, technological progress and economic growth. The role of institutional quality is emphasised, as proactive institutional coordination is paramount to achieve technological upgrading. As the evidence amassed shows, Pakistan’s institutional quality ranks lower than the successful industrialisers of East Asia, such as Japan, Korea and Taiwan. To ensure the robustness of our findings, data from 1996 to 2020 was deployed. The findings underscore the importance of policymakers in Pakistan directing their attention to fostering skills and competencies essential for patents or cultivating an entrepreneurial mindset, underlining the critical role of strong institutions in this process.

Entrepreneurial Readiness of Young Muslim Entrepreneurs: The Role of Need for Achievement, Family Support, and Entrepreneurial Interest

Entrepreneurial readiness for young entrepreneurs, especially Muslim entrepreneurs, is a challenge in the current era. Intense competition and increasing competitors are the cause of the need for entrepreneurial readiness among young Muslim entrepreneurs to compete with experienced entrepreneurs. This study aims to design and test the suitability (goodness of fit) theoretical model of the influence of the need for achievement, family support, and interest in entrepreneurship on entrepreneurial readiness supported by empirical data in the field. This study uses a quantitative approach with a sample of 106 young Muslim entrepreneurs in Yogyakarta. This research uses a purposive sampling technique in the entrepreneurial group. Sample characteristics include samples belonging to the young entrepreneur community, aged between 18-30 years, business experience of less than three years, Muslim and 106 research samples were obtained. The data were analyzed using Partial Least Squared (PLS) SmartPLS version 3.3.9. The results showed that the entrepreneurial readiness model proposed in the study was based on empirical data in the field. Partially, the need for achievement, family support, and interest in entrepreneurship have a positive and significant influence on entrepreneurial readiness. Based on the results of the analysis, it is concluded that the model is acceptable to explain the influence of the need for achievement, family support, and entrepreneurial interest on entrepreneurial readiness, which provides an effective contribution of 58.7 percent.

The influence of family business background on the entrepreneurial intention of individuals

AbstractWith an overall aim of providing insights into fostering an entrepreneurial mindset and promoting economic development, researchers have devoted notable attention to intentional and motivational factors for starting businesses, as well as those influencing processes from idea generation to the realisation of a new business. This research project aims to investigate the influence of family business background on entrepreneurial intention. One of the novel features of the approach is the rigorous statistical exploration of direct and moderating effects of family business background while accounting for other factors influencing entrepreneurial intention. The analysis is based on a survey of 590 active university students studying business and economics in the seven largest universities in Hungary. Hierarchical regression analysis was applied to examine how the existence of family business background can influence and moderate relationships between individual factors and entrepreneurial intention. Results confirm that family business background has a significant positive impact on entrepreneurial intention and is most likely to exert its impact through increased human capital levels, entrepreneurial knowledge, skills and experience. The findings not only contribute to accumulated knowledge of the interdisciplinary family entrepreneurship field, but also have policy and educational implications.

Influence of Financial Management Capabilities on Semi-Formal Financial Accessibility among Incubated Small and Medium Entrepreneurs in Tanzania

Financial management capabilities are expected to positively influence financial accessibility among entrepreneurs. This article examines the influence of financial management capabilities among incubated entrepreneurs on their access to semi-formal finance. Financial management capabilities were measured by financial decision-making, analysis of financial information, and financial planning capabilities. Relevant information was collected from 117 Tanzanian incubated entrepreneurs. Data was analysed using the SPSS Version 20, and multiple regression analysis to test the impact of financial decision-making, financial information analysis, and financial planning capabilities on the access to semi-formal finance. Findings suggest that analysis of financial information capabilities positively influence accessibility of semi-formal finance. However, financial decision-making and planning capabilities do not influence accessibility of semi-formal finance. The findingssuggest that policy makers and other stakeholders should focus on building and improving capabilities to analyse financial information among incubated small and medium entrepreneurs to increase their accessibility to semi-formal finance.

Analysis of private security companies compliance to the private security industry’s regulatory framework in Gauteng

This article explores some of the shortcomings of the Private Security Industry Regulatory Authority (PSIRA) in regulating and effecting control over the Private Security Industry (PSI) in South Africa. In South Africa, all Private Security companies must comply with PSIRA by registering as security providers, however this study revealed a non-compliance. This shortcoming is demonstrated by fly-by-night security companies that provide security services at shopping centres and shopping malls particularly in the parking areas who fail to comply with PSIRA in terms of registration. The main aim of this research was to analyse whether the PSCs comply with the regulatory framework as per the Private Security Industry Regulation Act 56 of 2001 in South Africa in Gauteng Province. A qualitative research design was applied to determine whether PSIRA enforces compliance as per regulatory framework and to establish whether the current private security service providers are registered with PSIRA. The population of the study involved security managers and owners of the private security companies in South Africa. The findings revealed that there is non- compliance to PSIRA by Security providers. It is recommended that the regulator be capacitated with resources to improve its compliance.

Enhancing and sustaining entrepreneurial mindset and ecosystem through social capital: A case of rural women in North Gujarat, India

Enhancing and sustaining entrepreneurial mindset and ecosystem through social capital: A case of rural women in North Gujarat, India

Book review: Shaver, K. G. Psychological Foundation of the Entrepreneurial Mindset

Shaver, K. G. Psychological Foundation of the Entrepreneurial Mindset (Edward Elgar Publishing, 2024), 226 pp.

Strengthening Competitive Advantage for Prospective Young Muslim Entrepreneurship with the SAMARA Finance Concept

Through market entry, young entrepreneurs increase employment opportunities by creating new jobs. Increased productivity of new firms has the most impact on employment in the medium term, as displacement of existing businesses is a major factor. To increase competition in the market and have a competitive advantage, this study aims to look at the strengths, weaknesses, opportunities, and threats of a SAMARA Finance Concept in encouraging competitive advantage for young Muslim entrepreneurs. This research is descriptive qualitative research with literature study techniques that use secondary data obtained through scientific articles and other relevant documents. The data obtained is then analyzed by producing descriptive explanations in the form of words, pictures, and symbols related to the object of research. To strengthen and deepen the discussion, this research also uses the SWOT Analysis Technique approach. SWOT analysis is a way to systematically identify various factors to formulate a strategy. Based on the results of the swot analysis conducted, it can be seen that the position of SAMARA Finance concept in encouraging the competitive advantage of young Muslim entrepreneurs is in the position of Opportunity and Strengths, namely Quadrant 1. This means that the SAMARA Finance concept is a concept that can be applied to young Muslim entrepreneurs, with an Aggressive strategy of utilizing strengths to benefit from opportunities to make the business superior and competitive.

Entrepreneurial Education and Intention: Basis for an Enhanced Entrepreneurial Mindset among Engineering Students at Guandong Industry and Trade Vocational School, China

Entrepreneurial Education and Intention: Basis for an Enhanced Entrepreneurial Mindset among Engineering Students at Guandong Industry and Trade Vocational School, China

Entrepreneurial Mindset and Intentions for Entrepreneurship and Intrapreneurship in Engineering and Business Students

With the shifting dynamics of the modern workforce, there is a growing recognition of the essential role that an entrepreneurial mindset (EM) plays in shaping future innovators, notably within engineering disciplines. Despite the acknowledged significance of EM, there remains a gap in understanding how it relates to entrepreneurial or intrapreneurial intentions (E/II). This research investigates the link between EM and E/II among business and engineering students. We also analyze how EM changes over time. Our findings indicate that in both domains, ideation correlated with entrepreneurial intentions (EI) and intrapreneurial intentions (II). In both domains, altruism was associated with II. Empathy and interest were related to EI in engineering students, distinct from their business counterparts, whereas open-mindedness and interest correlated with II. These differences emphasize the need for distinct educational strategies to prepare both business and engineering students for their entrepreneurial paths.

Impact of precision irrigation on the unit income of maize production

The study of the economic/economic impact of precision farming should be a priority area in digital agriculture, as the results, profitability, and efficiency indicators can have a significant decision-support effect on the development of both the agronomic and the technical regions of individual farms both in the longer and shorter term. Individual firms, companies, farmers, and family farms quantify the effectiveness of their farming processes. The modern age offers the possibility of digitally recording all the elements of farming technology, making it possible to analyse the cost-effectiveness of a farm more effectively and, in some cases, to carry out more detailed analyses. Nevertheless, the number of farms demonstrating their profitability with such precise economic calculations is still minimal. Our analyses were conducted on a 56,02 ha field of Balogh Farm-Tépe Ltd. The agricultural operations carried out were fully documented so that the inputs (seeds, fertilisers, pesticides, crop enhancers) were recorded in coordinates and kind, as well as the specific yields, grain moisture data, irrigation norms, and irrigation rotations. At the same time, the company's owner provided the data's monetary value. The main econometric indicators (yield, production value, cost of production, income, cost price) related to the evaluation of the enterprise management were evaluated along with the spatial data in the irrigated and non-irrigated tables. Our calculations show that a given year's climatic and market characteristics fundamentally determine the cost and income relations of a plot of land (and thus of an entire farm). In addition to additional inputs, introducing some elements of precision farming and intensification and increasing yields improves yield security and allows for excellent yield stability.

Unveiling the entrepreneurial mindset: exploring orientation and intentions among students of prominent engineering disciplines

The advent of Industry 4.0 presents a spectrum of challenges for entrepreneurs in India, demanding specific skills and resources. Within this transformative landscape, engineering disciplines assume a pivotal role in navigating the complexities of the new industrial revolution yet pose challenges in instilling entrepreneurial skills. While universities are recognised for fostering entrepreneurial skills, a gap persists in comprehending students’ intentions to pursue entrepreneurship after completing their studies, especially within technical education systems. This emphasises the necessity for a comprehensive examination of variations in entrepreneurial orientation among diverse engineering disciplines. The study employed cross-sectional research and surveyed 370 final-year engineering students from leading engineering colleges in Karnataka, India. The data analysis included Exploratory Factor Analysis (EFA) and Structural Equation Modeling (SEM). The findings demonstrate a significant propensity for entrepreneurship among engineering students, highlighting attributes such as innovativeness, risk-taking, and proactiveness. However, contrary to expectations, the study does not discern distinct entrepreneurial orientations across different engineering disciplines. Importantly, it unveils that college education has minimal influence on students’ entrepreneurial intentions.

Teachers’ Readiness in Developing Special Needs Students Entrepreneurial Mindset

Members of the World Health Organization have committed not to neglect anyone, including persons with disabilities, by including them in all sectors. The significant increase in the number of special needs students by 26.5% in 2022 reflects the reality in Malaysia, where the number of persons with disabilities continues to rise over time. Education serves as the primary foundation for special needs students, and the role of special education teachers becomes increasingly significant when entrusted to teach, educate, and guide special needs students, as well as prepare entrepreneurial-minded special needs students. Thus, this study was conducted to identify the level teachers' readiness in terms of self-efficacy and to test the relationship between readiness in shaping the entrepreneurial mindset of special needs students. A quantitative study using survey method was conducted on 300 Integrated Special Education Program teachers working in primary schools in Selangor. Data from the Likert 5-point scale questionnaire as the research instrument were analyzed using the Statistical Package for the Social Sciences version 28.0. The study's analysis used descriptive statistics involving mean, standard deviation, and percentage while for inferential statistics, correlation coefficient tests were used. The findings show self-efficacy of Integrated Special Education Program teachers are at a high level. The study results show a significant relationship between readiness and the formation of an entrepreneurial mindset The implications of this study define that educators should integrate self-efficacy to prepare students who have a tendency toward innovation, opportunities, and creative outcomes. Entrepreneurship programs and activities can also be designed as complements in teaching and learning to enhance entrepreneurial mindset among special needs students.