Personal Entrepreneurial Competencies Research Articles

Entrepreneurial Specific Factors, Support Factors and Micro enterprises Performance: The Case of Malaysian Microcredit Program

The study's objective is to analyze the influence of several elements related to entrepreneurial-specific factors and support factors on the performance of micro-enterprises. The study sample consisted of a total of 756 micro-entrepreneurs who were involved in two main microcredit programs in Malaysia, namely Amanah Ikhtiar Malaysia (AIM) and The Venture Group Economic Fund (TEKUN). The study’s findings, obtained through multiple regression analysis, revealed that factors such as personal entrepreneurial competencies, management practice, microcredit programs and government support exert a significant influence on the performance of micro-enterprises. This finding is consistent with the Resource Base View (RBV) theory which links the importance of internal and external resources as a catalyst for competitive advantage and the performance of a business. The influence of family and commitment to religious principles is less significant. It was associated with the attitude factor of micro-entrepreneurs, who frequently disregard the fundamental principles of religion while making judgments. The impact of family influence on micro enterprises' performance was determined to be negligible. Family members make minimal contributions in terms of finances, energy, or moral support. The formulation of policies is crucial for these insights, which highlight the importance of providing entrepreneurship training and implementing excellent management practices. Additionally, financial support is necessary to promote the growth of micro-enterprises in Malaysia. The government plays a crucial role in facilitating the growth of micro companies by implementing various support programs. An efficient distribution system can minimize the leakage of programs and maximize benefits for the recipients who are intended.

Determining the influence of personal entrepreneurial competencies on enterprise risk management in the Bhutanese SMEs

The purpose of this research was to empirically investigate the existence of Enterprise Risk Management and to determine the influence of Personal Entrepreneurial Competencies on the Enterprise Risk Management of the Small-medium Enterprises (SMEs). To achieve the objectives of the study, empirical data is collected from 300 production and manufacturing SME owners and managers from the economic region of Bhutan using closed-ended structured questionnaire. The Structural Equation Modelling was employed as the main technique for data analysis to test the proposed model and hypothesis. The findings revealed the relationship between Personal Entrepreneurial Competencies and Enterprise Risk Management to be statistically significant. Furthermore, the study found that the SME owner/managers demonstrated to be in the “Strong” category on four Personal Entrepreneurial Competencies items and in “Moderate” category for the remaining six items, which are vital to understand in a developing nation. The novel contribution of this research focuses on integrating Enterprise Risk Management and strategic planning processes to gain a better understanding of the enterprise’s key risks and opportunities that are relevant to strategic objectives, as well as defining the leadership team’s responsibilities to establish clear risk oversight and accountability.

Learning Activity Worksheet and the Personal Entrepreneurial Competencies of Grade 10- Student in Technology and Livelihood Education

The purpose of this study is to meet the needs and develop the competencies of the students. It will also help them in preparation for their Senior High School since majority of these students would like to enroll in Technology – Vocational Livelihood Track which also focuses on these entrepreneurial competencies. The study employed the descriptive research design as it aimed to accurately and systematically describe and identify characteristics, frequencies, trends, and categories of a population, situation or phenomenon. This design was appropriate since it determined and explained the data gathered from the participants’ perception towards using Learning activity worksheet. To analyze the significant difference between mean pretest and posttest scores of the respondents before and after the utilization of Learning Activity Worksheet mean, standard deviation and t-test were used. To examine the significant relationship between student’s perception on the use of Learning Activity Worksheet and their personal entrepreneurial skills Pearson-Product Moment Correlation was used. The hypothesis is not sustained. The null hypothesis stating” there is no significant relationship in student’s perception on the use of Learning Activity Worksheet and their personal entrepreneurial skills” is accepted. Technology and Livelihood Education as one of the subjects offered to secondary students in the Philippines which taught diverse skills promote entrepreneurship education that would develop the personal entrepreneurial competency of the students. With the growing importance of globalization, students must be competitive by enhancing their personal entrepreneurial competencies.

The Effect of Entrepreneurial Ideas and Skills on the Intentions of Algerian University Students to Launch New Start-Ups

In the fast-paced and ever-evolving world of entrepreneurship, start-ups have become synonymous with innovation and limitless potential. One of the significant channels used to encourage them is investing in the capabilities and ideas of visionary youths and university students who are considered society’s elite. However, despite the Algerian economy’s shift towards supporting entrepreneurship, especially among students, there is limited entrepreneurial activity overall, particularly in innovative start-ups, which has remained notably low. This indicates less inclination toward launching new start-ups among the students. Thus, the primary objective of this research is to examine the role of entrepreneurial ideas (EID) and entrepreneurial skills (ESK) in influencing the intention to launch new start-ups (ILNS) in Algeria. A cross-sectional research design was employed, involving the distribution of a pre-designed questionnaire among students registered in Algerian universities. Data collection was conducted across all the regions of Algeria, yielding a total of 297 valid responses. Data was analyzed using Partial Least Squares-Structural Equation Modeling (PLS-SEM) via Smart-PLS 4 software. The findings highlight significant correlations between EID, EKS, and ILNS. These outcomes furnish fresh insights into the significance of cultivating personal entrepreneurial competencies. Moreover, they shed light on the mechanisms for nurturing entrepreneurship and offer practical recommendations to bolster students’ capacities to launch new start-ups, thereby contributing to the local economy.

EXAMINING THE ENTREPRENEURIAL COMPETENCE OF BSBA STUDENTS ACROSS VARIOUS BUSINESS SCHOOLS IN LUCENA IN THE 2021-2022 ACADEMIC YEAR

The study aimed to investigate the personal entrepreneurial competencies of BSBA students across various business schools in Lucena City. Specifically, the study analyzed ten competencies that are considered essential for successful entrepreneurship. The schools involved in the study include AMA-Lucena, Manuel S. Enverga University Foundation, MaryHill College, Sacred Heart College, Calayan Educational Foundation, St. Anne College Lucena, City College of Lucena, ABE International Business, STI College, Quezon Center for Research and Studies. To assess the personal entrepreneurial competencies of the students, the study used a questionnaire consisting of 55 questions and statements adapted from Management Systems International and McBer and Company. The research methodology employed in this study is the descriptive cross-sectional design, which allowed for the collection of direct responses from the participants. To effectively analyze and interpret the data, the study utilized descriptive statistics such as frequency distributions, percentages, and measures of variability. The results of the study revealed that the top three mean scores for personal entrepreneurial competencies of BSBA students are opportunity seeking, persistence, and systematic planning and monitoring, which are their strengths. However, they should improve their competencies in the connection factor, demand for quality, and self-confidence as their weaknesses. Based on the findings, the study recommends that effective entrepreneurship education should focus on all three of these elements and create opportunities for experiential learning, mentoring, and networking. This way, students can enhance their entrepreneurial skills and be better prepared for successful entrepreneurship in the future.

ASSESSMENT OF PERSONAL ENTREPRENEURIAL COMPETENCIES OF UNIVERSITY OF MINDANAO GRADUATING BUSINESS STUDENTS

Business management students are expected either to become entrepreneurs or intrapreneurs – an individual who act like an entrepreneur in a specific business organization. This study investigates the personal entrepreneurial competencies of graduating business students in the lens of MSI’s 10 Personal Entrepreneurial Competencies (PECs) for the purpose of curriculum development. The MSI’s Personal Entrepreneurial Competencies questionnaire was utilized to determine the personal entrepreneurial competencies of graduating business students. The respondents were 132 graduating business students. ANOVA was used to determine the difference between the personal entrepreneurial competencies as well as the difference of PECs between programs (Marketing, Financial, Human Resource Management, and Business Economics). The graduating business students possess the competencies of an entrepreneur, either entrepreneurial or intrapreneurial. Hence , the University of Mindanao should supplement this through various programs and learning modalities that would sustain the development of students’ entrepreneurial competencies.

Personal Entrepreneurial Competencies of Dairy Buffalo Entrepreneurs in Nueva Ecija, Phillipines

This study aims to describe the profile of the dairy buffalo entrepreneurs and analyze their entrepreneurial traits, with the end view of improving these traits. The respondents were 170 dairy buffalo entrepreneurs from assisted cooperatives and associations of the Philippine Carabao Center (PCC) in Nueva Ecija, Philippines. Descriptive statistical tools (i.e., frequency counts, means and range and ranks) were used to analyze and interpret the data. Data were processed and analyzed using the Statistical Package for the Social Science version 20. Based on the results, the respondents were found to have a moderate score for persuasion and networking, but found to be strong in opportunity seeking, persistence, commitment to work contract, demand for quality and efficiency, risk-taking, goal setting and information seeking, systematic planning and monitoring and self-confidence. It is recommended that PCC should focus on enhancing the competency on persuasion and networking among dairy buffalo entrepreneurs through trainings and seminars.

Social innovation: relationships with social and human capitals, entrepreneurial competencies and growth of social enterprises in a developing country context

PurposeThis study aims to examine capital and competency variables – human capital, social capital and personal entrepreneurial competencies – in relation to social innovation development and growth of social enterprises in a developing country with an emerging social enterprise sector: Thailand.Design/methodology/approachA hypothetical-deductive approach was adopted and a quantitative survey by questionnaire was applied to collect data from owners/top management of 103 social enterprises in Thailand. The data were used to test hypotheses and further analysed using partial least squares technique.FindingsThe results revealed that there were positive direct and indirect (mediating) relationships between human capital, social capital, personal entrepreneurial competencies and social innovation development and growth of Thai social enterprises. Skills and training were key determinants of human capital, whereas social interaction, trust, social identification and shared knowledge were key determinants of social capital which affected social innovation development. Goal orientation, information seeking, opportunity seeking, persuasion and self-confidence were key determinants of entrepreneurial competencies that also affected social innovation development. This study ultimately revealed the mediating effects of social innovation development on the relationships between capital and competency variables and the growth of social enterprises.Originality/valueThis study fills the research gap, from the theoretical perspective, by identifying capital and competency variables as well as their additional determinants that are divergent from previous literature, which can potentially influence the social innovation development of social enterprises, and where only limited research is evidenced. From an empirical perspective, this study attempts to investigate the associations between these variables and growth indicators in the context of social enterprises in a developing nation, where its sector is in its infancy. This study further helps to clarify the existence of the direct and indirect (mediating) effects of social innovation development in the context of the economic and social accomplishments of social enterprises.

The relationship between personal entrepreneurial competencies, dynamic capabilities and SME performance

The relationship between personal entrepreneurial competencies, dynamic capabilities and SME performance

Entrepreneurial Competencies of Accountancy, Business, and Management Students in a Private Institution

Entrepreneurial competencies are considered a vital piece for aspiring entrepreneurs to pursue entrepreneurial ventures. The research aimed to examine the personal entrepreneurial competencies scores of accountancy, business, and management (ABM) students in a private institution. A quantitative method engaging in descriptive research was employed in the study. The study utilized Slovin's formula, with 187 ABM students responding. The data were analyzed using mean and ranking. The findings revealed that goal-setting and information-seeking garnered high scores and were rated first and second, respectively, with an interpretation of ‘strong traits’ and their strengths among the identified entrepreneurial competencies. Persuasion and networking and risk-taking obtained moderate scores and were ranked 9th and 10th, respectively, and accordingly labeled as inferior characteristics. The researchers concluded that a plethora of inside and outside-of-school activities related to entrepreneurship could enhance the information-seeking skills of students. It was also determined that students' self-awareness should be strengthened since taking risks is a key component of being a successful entrepreneur. Furthermore, the study suggested that increasing entrepreneurial activities both within and outside the campus will be valuable to ABM students in developing entrepreneurial competencies, particularly for characteristics belonging to the moderate level.

Starting a Small Business amidst COVID-19: The Entrepreneurial Journey of Entrepreneurship Students in Nueva Ecija, Philippines

This study described the entrepreneurial journey of 23 college entrepreneurship students of Nueva Ecija University and Science and Technology, Philippines, who have established small businesses amid pandemic. This study utilized a descriptive method of research and used questionnaire and a semi-structured interview guide as research instruments. The study revealed that the student’s preparedness to start a business had been attributed to the entrepreneurship education they have gained from their course. Gaining financial wealth while still studying has been the top factor that motivated students to engage in business. By establishing their small businesses, they have gained moderately to a high level of personal entrepreneurial competencies. Peer mentorship and attendance to free webinars have helped them improve their businesses. Time management, strict compliance to safety and health protocols, and community lockdowns have challenged students in their business operations. The study recommends that the university must continue offering a relevant entrepreneurship education curriculum and make it relevant to the needs of the times. The Philippines government must extend its assistance to entrepreneurship students to help them thrive as successful entrepreneurs.

Entrepreneurship Capacity of Farmers for Community Based Entrepreneurship

Abstract. United Nations recognizes the vital role of the local communities like farmers and highlights the significance of leveraging their potential to achieve the Sustainable Development Goals (SDGs) through capacitating the farmers with their entrepreneurship competency. The study assessed the level of personal entrepreneurial competencies of farmers towards community-based entrepreneurship engagement. Specifically, it determines which competencies they excel in, recognizes the differences of entrepreneurial competency in terms of gender, business experience, and educational attainment and its correlation to age. Furthermore, the framework was developed in implementing community-based entrepreneurship. Descriptive research was utilized; 206 farmers and are the respondents of this study; they were surveyed, and assessed the level of entrepreneurial competencies using the Personal Entrepreneurial Competencies (PEC) Questionnaire with fifty-five questions through Likert scale. Findings reveal that farmers have a moderate entrepreneurial competency it ranks first the risk-taking and goal setting as the least. Farmer self-confidence increases as they age; male farmers are more persuasive, farmers with business experience have higher competency for opportunity-seeking and risk-taking, and farmers' competency differs in terms of their educational attainment. Developing a framework for implementing community-based entrepreneurship should focus on intensifying the entrepreneurial competency of farmers to realize the success of their community based-enterprise. Keywords: Entrepreneurial competency, community based-entrepreneurship, farmers, community-based-enterprises.

Capacity Building for Dairy Farmers towards Commercialization of Green Corn Silage, Haylage and Urea Molasses Mineral Block

The study aimed to capacitate farmers as innovators in utilizing local feed resources for silage production, haylage, and Urea Molasses Mineral Block for commercialization. Commercialization among farmers hindered by: farmer's financing being supply-driven packages; limited programs designed to enhance farmer's entrepreneurship capabilities; scarce resources to invest on product's commercialization; and inadequate entrepreneurial competencies and exposure to business. After assessing their Personal Entrepreneurial Competence, training was undertaken through farmer based cooperative activities such as: assessment of farmer's personal entrepreneurial competencies; strategic analysis of cooperative competencies relative to environment; farmer's technical preparation; entrepreneurial competency enhancement; finance linkaging; and market linkaging/ market. The participatory operationalization components of farmers' capacity building resulted to: leaders' and members' active participation in planning and operationalization of trainings, mentoring, business plan preparations through resource sharing, decision-making and open discussions; increased support from government agencies; needs, resources, and capabilities of farmers' strengths and weaknesses became the hub of all capacity building activities; build-up of awareness on value of green corn as silage raw material, provide alternative to decrease risks from natural calamities risks; advocated for more demand-driven financing programs of government; expansion of programs on shared facilities and machineries; opened market linkages for farmers; produced green corn silage; enhanced their capacities as entrepreneurs and leaders; integrators ushered their entry to silage commercialization as partners and raw material suppliers; and access to cooperative's financing requires prompt repayment and performance.

Personal Entrepreneurial Competencies of Participants in Experiential Entrepreneurship Education

Abstract This study aims to analyse the personal entrepreneurship competencies of students participating in experiential entrepreneurship program. In the theory part, the paper analyses the recent studies done in the entrepreneurship competencies field and discusses the experiential entrepreneurship concept. Research focuses on finding out the level of personal entrepreneurial competencies of participants of experiential entrepreneurship education, also analysing the demographic profile of the respondents, comparing it with the current job status and their entrepreneurial intentions.

Personal Entrepreneurial Competencies of the Business Students at Kalinga State University: A Basis for Enhancement of Teaching Strategies and Development of Program Structure

Personal Entrepreneurial Competencies of the Business Students at Kalinga State University: A Basis for Enhancement of Teaching Strategies and Development of Program Structure

Entrepreneurial Competencies and Success of Small and Medium Enterprises (SMEs): Evidence from Ethiopia

Small business success has been a central phenomenon in business studies across time and remains to be the major concern across nations because SMEs play a vital role in economic development. However, it has been frequently quoted that the failure rate for smaller businesses is high due to the influences of a variety of internal and external factors. Past research for the most part has focused on the role of external factors in affecting small business success. Yet such focus on external factors though important to enhance our understanding of the entrepreneurship phenomenon, it overlooks the role played by the entrepreneur’s competencies and behaviors. The purpose of this study hence is to examine the effect of personal entrepreneurial competencies (goal setting, systematic planning and monitoring, commitment, and persistence) on business performance on a sample of 462 small and medium enterprises (SMEs) in Amhara Regional State, Ethiopia. In addition to individual main effects, the combined effect of entrepreneurial competencies on business success is examined. The structural equation modeling was used to test the proposed SMEs performance model. The findings of the present study well suggest that the personal entrepreneurial competencies exhibited by the SMEs owners were the determining factors for the performance of SMEs. In addition to main effects, the interaction effects of competencies on business performance were more strongly evident when the business owners exhibit a considerable level of persistence and commitment competencies. Business owner-managers with motivational goals, plans and hard work (persistence and commitment) are able to look for opportunities, assess and exploit them to generate acceptable business outcomes. These resources are important to facilitate small business success particularly when the business owners possess a considerable level of these resources and integrate them for the pursuit of business success. Success in business results from a combination of inspiration and hard work. These core competencies are key characteristics of successful business people which enable them to convert an entrepreneurial vision into successful products or services that are required to meet or surpass market needs. Managerial and policy implications are also provided. Keywords : Entrepreneurial behavior; entrepreneurial competencies; goal setting; systematic planning; commitment; persistence DOI : 10.7176/EJBM/11-19-02 Publication date :July 31 st 2019

Measuring Student's Entrepreneurship Profile By Using PEC Instrument (A Case Study In Politeknik Manufaktur Bandung)

Entrepreneurship is a characteristic that can be observed in the actions of a person or institution. Entrepreneurship includes a range of behaviors, skills and traits that support the development of innovation and creativity. Someone who always works better and is different from others, so that person is an entrepreneur. This research is a preliminary research that aims to produce the profile of entrepreneurial competence of Polman students in Bandung. From the profile of entrepreneurial competence, students are expected to formulate patterns of entrepreneurship development in Polman Bandung. The research method used is descriptive method, with ex post facto research type and survey data collection method through questionnaire. The instrument used in this study was adapted from the Personal Entrepreneurial Competencies (PEC) developed by McClelland with McBer and Co. The results of the study were processed with descriptive analysis statistics. The conclusion of the study shows that the profile dimensions of entrepreneurial competence and the average total score of Personal Entrepreneurial Competencies (PEC) Polman Bandung students are categorized as medium criteria, which means that each individual has competence in entrepreneurship, although the level still needs to be improved.

Business University Student Entrepreneurial Competencies: Towards Readiness for Globalization

Business School around the world is challenge to promote entrepreneurship education that would develop the personal entrepreneurial competency of their business students. With the growing importance of globalization business students must be competitive by enhancing their personal entrepreneurial competencies. This research aimed to assess the level of personal entrepreneurial competencies of business students in an international university in West Africa; to determine which personal entrepreneurial competencies they excel and which needs improvement; and to recommend how to enhance their level of personal entrepreneurial competencies for them to be globally competitive. A descriptive type of research was adopted; seventy seven (77) business students in the upper level from sophomore to senior are the respondents of this study; they were surveyed and their level of personal entrepreneurial competencies were measured using Personal Entrepreneurial Competencies (PEC) Questionnaire with fifty five (55) questions through likert scale. Findings of the study revealed that business students have an overall fair level of personal entrepreneurial competency which is a good start towards readiness for globalization. They have moderate personal entrepreneurial competency in terms of risk taking, demand for quality and efficiency, and persistence. They need to enhance their commitment to work contract, goal setting and information seeking where business students obtained low scores. It is recommended to have a comprehensive review of their curriculum that will encourage entrepreneurship and uphold more action learning, internship, fieldwork, and establishing of mini-enterprise by students. Furthermore, they could benchmark to best practices of entrepreneurial activities of other universities across the globe.

10.5937/sjm9-6257 = Entrepreneurs of the future

Entrepreneurs are the gale of creative destruction. They are the engines of the local economy and contribute to a country’s wealth to a great extent. Accordingly it is of utmost importance, to create – educate and motivate – young adults to become entrepreneurs and start their own enterprises. The article summarises the basic facts about the Hungarian entrepreneurs’ and small and medium sized companies’ significance, and introduces a research on personal entrepreneurial competencies. The aim of the research is to explore the entrepreneurial potential of students in tertiary education, since they are the entrepreneurs of the future. In the research 470 young adults’ (students of tertiary education) responses are compared with those of successful entrepreneurs. According to the results successful Hungarian entrepreneurs produced better results on the personal entrepreneurial competencies test, scoring in most cases higher than the members of the student sample. In addition to this, patterns based on age, gender and work experience could be identified.

Entrepreneurship Development among Nigerian Youths, Empirical Identification of the Driven Factors

This study empirically identified the driven factors into entrepreneurship among Nigerian youths with a view to isolating those factors that are fundamental to youths’ entrepreneurship development in Nigeria. The study employed a survey design. Data were collected on socio-economic and demographic characteristics as well as personal entrepreneurial competencies of the sampled students from the selected three out of the nation’s tertiary institutions. Structured questionnaire was designed and used as instrument of data collection. The reliability of the instrument was established at (r=0.754). The validity of the instrument was also scrutinized by experts before finally used. The data collected were analyzed using inferential statistics. The result showed that age significantly influenced proactiveness and goal setting while marital status significantly influenced demand for efficiency and quality. Also, exposure to enterprise education/training influenced opportunity seeking, father’s occupation significantly influenced information seeking, and cumulative grade point average significantly influenced information seeking and independence and self confidence. The course of study significantly influenced risk taking propensity, persuasion and networking, and independence and self-confidence. The area of discipline significantly influenced risk taking propensity while perception of parents’ entrepreneurial success significantly influenced information seeking, risk taking propensity, proactiveness and goal setting and persuasion and networking. On the contrary, mother’s occupation, monthly allowance received, parents’ financial status, position among siblings, where one spent his or her childhood days, ethnic group belonging were found to have no significant influence on personal entrepreneurial competencies of the respondents. Policy strategy on entrepreneurship development should take cognizance of factors which significantly influenced entrepreneurial resourcefulness of the Nigerian youths in order to enhance enterprise culture and check unemployment rate and its consequences in Nigeria. The study concluded that socio-economic and demographic variables are vital for consideration in nourishing and nurturing entrepreneurial spirit in Nigeria.