Potential Entrepreneurs Research Articles

Developing the Potential of Women Foodpreneur by Using the Skill Will Matrix: A Case Study of Dapur Mawar Program

Small and medium-scale entrepreneurs mainly consist of women. Women's small businesses in developing communities can drive the economy for generations. To succeed in the business world, women entrepreneurs need to have high skills and knowledge. Entrepreneurship training and skills are essential, especially for potential entrepreneurs who want to develop and expand a business. Thus, it is essential to identify and evaluate existing and foreseeable skills and abilities. Entrepreneurial skills can be learned, formed, and mastered by an individual through the entrepreneurial education process or experience. The Dapur Mawar project aims to provide training and education for women foodprenuers. Before the training module's implementation, the trainers employed a skill-will matrix to examine the willingness and skills of trainees. This study uses a semi-structured interview method. Twenty-three women foodprenuers have been selected as key informants using purposive sampling. Deductive content analysis for analyzing qualitative data was employed to quantify the frequency of keywords. Pre-existing quadrants are applied to the data through a deductive approach. The findings revealed that critical informants could be categorized into two categories: 1) an entrepreneur with high skill and high motivation and 2) an entrepreneur with low skill and high motivation. The result of the analysis is used to prepare the Dapur Mawar program. The implications of the study and future research suggestions are also justified.

Social Entrepreneurship: Toward Understanding an Emerging Force for the Common Good

Social entrepreneurship combines business innovation with an explicit purpose of positive social and environmental impact, becoming increasingly relevant for analysis from various perspectives. This article presents a systematic review of the literature on social entrepreneurship, aiming to consolidate existing knowledge, identify emerging trends and gaps, and provide an updated guide for researchers and policymakers. The results reveal diverse methodological perspectives, ranging from quantitative research on economic impact and poverty reduction to ethnographies that explore the experiences and strategies of social entrepreneurs. The unique potential of social entrepreneurship to address global challenges is highlighted, necessitating comprehensive strategies to promote it sustainably. Furthermore, education is identified as a fundamental pillar of positive social change due to its role in developing professionals with an entrepreneurial mindset oriented toward social transformation. Finally, the paper emphasizes the need to diversify research lines and initiatives that encourage social impact entrepreneurship in a proactive and innovative manner. Received: 3 January 2024 / Accepted: 25 April 2024 / Published: 5 May 2024

Analysis of Potential and Feasibility of Guest House Business in Rammang-Rammang Tourist Destination

The rapid growth of the tourism and business sector in Maros Regency, especially with the popularity of Rammang-Rammang Tourism Attraction, has generated significant demand for accommodation. In response to this need, a study was conducted to evaluate the business potential of guest houses in the area. The research involves market surveys, marketing, and financial analysis. The results show that the guest house business has bright prospects, supported by high demand and positive financial analysis. Therefore, the guest house business in the Rammang-Rammang Tourism Attraction Area of Maros Regency is considered feasible to run. This study is expected to be a guide for potential entrepreneurs or investors who are interested in investing in the accommodation sector in the region.

SMEs Awareness and Preparation for Digital Transformation: Exploring Business Opportunities for Entrepreneurs in Saudi Arabia’s Ha’il Region

This study investigates how Saudi SMEs’ awareness and preparation for digital transformation impact their business performance (BP). First and foremost, in this study, we examine the impact of awareness and preparation on business performance using the intention to use (ITU) as an initial mediator. In addition, the researchers also examined the impact of awareness and preparation on business performance through intention to use and Government Support (GS), and later, intention to use and skills as serial mediators. Using a structured questionnaire based on a seven-point Likert scale, data were collected from 68 SMEs in the Ha’il region of Saudi Arabia, one of the Kingdom’s leading economic provinces. The data were analyzed through simple and serial mediation techniques through AMOS-24. The study found that SMEs’ awareness and preparation for digital transformation significantly and positively influenced their intentions to use the technology. The researchers found that intention to use, skills, and government support are significant variables that improve business performance. The research also revealed full-serial mediation between awareness and business performance and preparation and business performance, showing that intention to use and skills and intention to use and government support significantly mediate improving SMEs’ business performance. The study implications provide for SMEs’ successful digital transformation, considering the role of skills and government support, which will help SMEs improve their performance and embrace sustainability in human and economic development in Saudi Arabia. Together with policymakers, SMEs, and researchers, it will also look at the entrepreneurial potential for Saudi nationals in the run-up to Vision 2030.

Analysis of the Role of Social Entrepreneurship in Achieving the Sustainable Development Goals (SDGS) in Indonesia

This research focuses on the role of social entrepreneurship in achieving the Sustainable Development Goals (SDGs) in Indonesia. Indonesia faces social, economic, and environmental challenges that require innovative and sustainable approaches. Social entrepreneurship, with a progressive focus on creating positive social and environmental impacts, offers a potential path to facilitate progress. This qualitative research assesses the impacts, challenges, and supporting factors of social entrepreneurship in Indonesia, as well as its alignment with certain SDGs, tangible contributions, motivations, and challenges faced by social entrepreneurs. The importance of a supportive ecosystem, diverse funding sources, and supportive policies is emphasized to harness the full potential of social entrepreneurship in driving sustainable development.

STUDY THE IMPACT OF ENTREPRENEURSHIP AND INNOVATION IN THE LABOR MARKET ON ACTIVATING POVERTY REDUCTION STRATEGIES

The research aims to study the impact of both innovation and leadership in the labor market in eliminating or limiting... The effectiveness of this effect was studied based on various theoretical frameworks and data approved by the researched organization. The potential of innovation and entrepreneurship, as an independent variable, to serve as a catalyst for economic development, job creation, and income generation, was studied, especially in low-income communities. It also delves into the role of entrepreneurship in promoting innovation, enhancing productivity, and enhancing social mobility, all of which are necessary. To lift individuals and communities out of poverty. The data of the researched organization was analyzed for the purpose of determining whether this variable has an essential role in activating poverty reduction strategies. The researcher reached conclusions that entrepreneurship and innovation have an effective and essential role in activating poverty reduction strategies, such as creating job opportunities and supporting the national economy, as well as other logistical matters that reflect positively on the national economy. As well as supporting other sustainable development goals, such as eliminating hunger and responsible production and consumption.

Quality Evaluation of College Students' Innovation and Entrepreneurship Education Based on the K-Means Clustering Algorithm

Innovation and entrepreneurship are increasingly recognized as vital components of modern higher education, fostering creativity, problem-solving skills, and economic growth. However, effectively catering to the diverse needs of students in these domains remains a challenge. This paper proposes a novel approach to address this challenge by applying the Cluster Swap Expectation Maximization (CSSEM) algorithm to cluster college students based on attributes relevant to innovation and entrepreneurship. Using a dataset encompassing metrics such as GPA, innovation score, entrepreneurship score, socioeconomic status, and gender, we demonstrate the effectiveness of the CSSEM algorithm in segmenting student populations. The findings reveal distinct clusters of students with varying levels of academic performance, innovation potential, and entrepreneurial aspirations. For instance, Cluster 1 comprises students with lower GPAs (mean GPA = 3.2) and moderate innovation and entrepreneurship scores (mean innovation score = 78, mean entrepreneurship score = 80), while Cluster 2 consists of high-performing students (mean GPA = 3.7) with strong innovation and entrepreneurship potential (mean innovation score = 90, mean entrepreneurship score = 88). These insights enable educators and policymakers to design tailored interventions and support mechanisms that cater to the specific needs of different student groups.

A Study on the Intersection of Identity, Faith, and Entrepreneurship: Insights from Muslim Women Entrepreneurs in Kerala

This research paper explores the intricate interplay of identity, faith, and entrepreneurship among Muslim women in Kerala, India. It investigates the impact of family support on entrepreneurial endeavors, despite initial hesitations from certain family members. Through the utilization of Islamic principles and practical demonstrations, women adeptly navigate these challenges, fostering stronger family ties and enhancing their roles within the household. Furthermore, the study emphasizes the significance of educational initiatives and community backing in addressing ethical dilemmas and dispelling misconceptions surrounding entrepreneurship within religious contexts. Regional variations further highlight the necessity for tailored interventions aimed at empowering Muslim women entrepreneurs. Ultimately, by fostering an inclusive environment that honors their identities and values, stakeholders can effectively tap into the entrepreneurial potential of Muslim women and contribute to their socio-economic advancement.

Harmonious entrepreneurship: a sustainable model for addressing global inequality

Purpose This study aims to develop an entrepreneurial business model capable of addressing and preventing the exploitation and inequality that traditionally have resulted from entrepreneurship, particularly in emerging economies. Design/methodology/approach The research uses systems thinking, the first law of cybernetics, and the principles of harmony to formulate a systemic solution to the problem, which it exemplifies via six purposefully selected short cases drawn from diverse industry sectors and economies. Findings This paper demonstrates how the conventional model of entrepreneurship, often associated with colonial exploitation and resultant inequalities, can be transformed into a triple bottom line model—harmonious entrepreneurship – that integrates the traditional economic, eco-, humane, and social approaches and creates a synergy where profit, planet, and people are in harmony. The model challenges the profit maximisation/shareholder value doctrine of business success. Research limitations/implications Only six cases are presented here, and there is a need for further research in different political-economic contexts and industry sectors. Also, the way entrepreneurship is taught needs to change so that it addresses the sustainability challenge in general and the problem of inequality in particular. Practical implications There needs to be a change in the entrepreneurial mindset and the way entrepreneurship is taught and potential entrepreneurs are trained if entrepreneurship is to address the sustainability challenge in general and the problem of inequality in particular. Originality/value This is a novel approach to the study of entrepreneurship and its impact on inequality that shows how it can ameliorate and/or prevent inequality, particularly in emerging economies, by adopting a more holistic approach to business success and supplanting “having and needing” with “being and caring”.

SMEs in Indonesia: How do market and entrepreneurial approaches shape dynamic capabilities and performance?

This study delves into the impact of market orientation and entrepreneurship on dynamic capabilities and SME performance within the Culinary SME sector of West Java Province, Indonesia. The study utilized a quantitative-causal research methodology to gather data from a sample of 420 Culinary (SMEs) that had been operating for a minimum of 5 years. The acquired data was then subjected to analysis using Partial Least Squares Structural Equation Modelling (PLS-SEM). The findings indicate significant potential for market orientation and entrepreneurship to bolster dynamic capabilities and subsequently enhance SME performance. Furthermore, the study found that dynamic capabilities positively influence SME performance. Importantly, the study identifies an indirect pathway through which market orientation and entrepreneurship can augment SME performance by leveraging dynamic capabilities as a mediator. Practical implications emphasize the critical importance for Culinary SMEs to cultivate robust market orientation, harness entrepreneurial potential for strategic risk-taking and innovation, and fortify dynamic capabilities. Strengthening these facets enables SMEs to effectively translate market insights into actionable strategies, thereby fostering sustainable growth in a competitive business landscape. In essence, this research provides valuable insights into the interplay of market orientation, entrepreneurship, dynamic capabilities, and SME performance, offering actionable guidance for Culinary SMEs in West Java Province and beyond to navigate challenges and capitalize on opportunities for sustainable development and competitiveness.

How Can We Remove Psychological Entrepreneurship Barriers on Entrepreneurship Intention for Health Organizations in the Future?

Entrepreneurial orientation significantly influences business financial performance, particularly in global markets, making it pivotal across economies. Developed nations provide a conducive environment for entrepreneurship, supported by educational systems and skill development programs. Conversely, in developing countries, cultural and social disparities create unique challenges, shaping entrepreneurial intentions. Psychological barriers such as risk aversion, fear of failure, and resistance to change hinder potential entrepreneurs, particularly in health science faculties. A study conducted in Turkey aimed to explore these barriers among health science students. Data collected from 788 students revealed that psychological factors explained 72% of entrepreneurial intentions. Regression analysis confirmed the significance of risk avoidance, fear of failure, attitude towards change, and stress avoidance in shaping intentions. Despite these barriers, heightened entrepreneurial intentions among health students were associated with greater success in overcoming obstacles. The findings emphasize the importance of addressing psychological barriers in fostering innovative and entrepreneurial healthcare professionals. By understanding these dynamics, educational institutions, policymakers, and healthcare practitioners can better support the development of an entrepreneurial healthcare workforce. The intersection of healthcare and entrepreneurship presents opportunities for transformative solutions, potentially enhancing patient outcomes and advancing the healthcare sector. Despite challenges, emerging trends suggest a growing interest in leveraging innovation for positive change in healthcare, highlighting the potential for impactful contributions to the industry’s evolution.

The concept of women's entrepreneurship as a mechanism of social lift

The work is relevant as it is aimed at a comprehensive disclosure of the female entrepreneurship potential and substantiation of its importance for the development of society, achieving gender equality, as well as creating favorable conditions for the economic growth and female social mobility. The author analyzes current trends in the field feminine entrepreneurship and its impact on economic development. It is noted that opportunities for women's business are expanding, and entrepreneurship is becoming an effective social elevator for women. The key goal of the article is to substantiate the concept of female entrepreneurship as an effective mechanism of social mobility and achievement of gender equality.Objectives: to analyze female entrepreneurship as a means of expanding women's rights and opportunities, increasing their social status and overcoming gender barriers; based on statistics and facts, to demonstrate the strengthening of the position of women's business in Russia and the world; to substantiate the potential of female entrepreneurship in solving social problems and promoting progressive changes. The paper uses methods of comparative analysis, generalization, secondary analysis of research results conducted by specialists in the development of female entrepreneurship. Particular attention is paid to the role of women entrepreneurs in politics and their ability to influence decision-making. It is noted that opportunities for women's business are expanding, and entrepreneurship is becoming an effective social elevator for women.Conclusions are drawn about the importance of developing female entrepreneurship as a tool for progressive transformations and achieving gender equality in society, and the need for a purposeful state policy to stimulate and support female entrepreneurship.

Towards Inclusive Growth: Remote Work and Digital Entrepreneurship as Tools for PwD Empowerment in Oman

Purpose: This paper investigates the potential of remote work platforms and digital entrepreneurship for the employment inclusion of People with Disabilities (PwD) in Oman. PwD face challenges in the labor market due to social stigma and a lack of awareness about remote work options. This study aims to assess the general digital and digital marketing skills of PwD in Oman, identify the gap between their skills and the requirements of virtual platforms for remote work, and recommend online training programs to bridge the gap. Method: The study will use a mixed-methods approach with questionnaires and real-life scenarios to assess skills and competencies. This study will employ a mixed-methods approach, combining quantitative (questionnaire) and qualitative (real-life scenarios) data collection methods. Results and conclusion: This study will use structural equation modelling, Linear probability and multiple response regression models to validate and identify predictors of skill levels and potential gaps between self-assessment and performance. This guides in the development of appropriate online training which improves the employment prospects of PwDs. Research Implication: PwDs can apply knowledge, understanding, and practical abilities gained through competency development initiatives in the business work process. With freedom and autonomy, they can make judgments and decisions that will improve their psychological state of mind and confidence. This also ensures access to equal opportunity, independence, and protection against discrimination. Originality/Value: The study contributes to Oman Vision 2040 and aligns with national priorities of promoting economic development and empowering vulnerable groups like PwD. This research aims to empower PwD in Oman through skills development and access to remote work opportunities, contributing to their social and economic inclusion.

Women entrepreneurship in marginalized communities: Does culture, Ubuntu, religiosity and ancestral relevance matter?

ABSTRACT Poverty alleviation at the bottom of the pyramid hitches, inter alia, on rural women entrepreneurship in emerging and marginalized economies. The study was focused on understanding the influence of cultural orientations (vertical individualism and horizontal collectivism) and peculiar African beliefs (social axioms) of Ubuntu, ancestral relevance and religiosity on rural women’s entrepreneurial intentions. Data was collected from 200 rural women in Zimbabwe. Analysis of data was done using structural equation modeling in Amos. Results revealed significant relationships between cultural orientations and African beliefs, as well as between Ubuntu and entrepreneurial intention. However, religiosity and ancestral relevance were not significantly related to entrepreneurial intention. In promoting rural women entrepreneurship, Governments, Non-Governmental organizations and financial institutions may include culture orientations and Ubuntu in their training manuals and also in screening potential entrepreneurs on loan applications.

Teacher Empowerment in Creative Economy Education: A Case Study at Sd Ta'mirul Islam Surakarta Indonesia

Purpose: The purpose of this study is to cultivate entrepreneurial potential in students. The release of such potential could catalyze the natural wave of young entrepreneurs of the future. The successful development of entrepreneurial potential in students requires the quality and professionalism of an educator in nurturing creativity, integrating innovative methodologies, and instilling an understanding of entrepreneurship in students. The role of educators in the transmission of knowledge, ensuring effective and continuous learning, is essential. Methods: This qualitative research adopts a case study approach, collecting data through interviews, observation, and document analysis. To ensure the validity of the data, triangulation is used, combining multiple sources to ensure consistency and validity of the study. Results and Conclusion: Ta'mirul Islam Elementary School in Surakarta City, integrates creative economy education with religious teachings. Creativity must not be allowed to multiply without restraint; This requires internalizing religious values. Internalization of religious values refers to the process by which individuals adopt, understand, and apply religious values in their entrepreneurial endeavours. This internalization will build a moral foundation for engaging in sustainable economic practices that are transparent, honest, fair, and ethical. As a result, the study contributes significantly to the discourse on the intersection of education, entrepreneurship, and religious values. Research implications: The implications of this research are expected to be imitated by teachers in empowering the creative economy in schools. Originality/value: The originality of this research lies in empowering teachers in the implementation of creative economy education: a case study at SD Ta'mirul Islam Surakarta Indonesia.

Управление предпринимательскими сетями арктических территорий: методика проектирования сетевой архитектуры и ее реализация на Python

This study aims to develop a methodology for designing entrepreneurial networks based on assessing the potentials of actors, which are social and economic groups participating in entrepreneurial relations localized in the territories of the Russian Arctic. The objective is to ensure the reasoned participation of actors in network alliances. Methodological approaches and results of assessing the entrepreneurial potential of actors were previously presented, with the author developing approaches that account for the regional features of Arctic processes and allow for broad interpretation. To achieve this, the potential of various actors, or stakeholders operating in Arctic territories, is evaluated. This involves the use of indicators to integrate data in order to detail entrepreneurial properties. Among the indicators are involvement in creating business infrastructure, the scale of activity, innovative endeavors, professionalism of public organizations, and the efficiency of government administration in fostering a favorable investment climate. Other indicators include population engagement in innovation-driven processes (the degree of integration of local and scientific knowledge achieved by establishing formal and informal institutions and programs for interaction between the population and scientific communities; the degree of development of public institutions as subjects of the transfer of innovative solutions between participants in the territorial innovation system, etc.), the degree of monopolization of the territory's economy, the presence of large venture investors, and the venture policy of corporations indicating the stage of territory development. The article's objective is to lay theoretical foundations and methodological provisions for designing the architecture of Arctic network alliances. The focus is on ensuring maximum entrepreneurial potential, considering Arctic processes and their rapid recombination amid swift changes in the business environment. As a result, the author proposes a methodological approach to identifying actors in entrepreneurial networks and connections that support relationships between central actors. This identification is based on the target function of maximizing and restructuring entrepreneurial potential in the Arctic, whose calculation is automated through the use of the Python programming language. The article introduces the author's version of software for generating management information for network brokers. All data for assessment and design can be obtained from official open sources, ensuring the speed of data collection and processing. Research plans involve developing provisions of a methodology focused on the meso-level of the Russian Arctic macroregion for territorial, production, and socio-economic systems with significant potential for forming relations in the innovation economy.

The Antecedents and Driving Factors of Social Entrepreneurial Behavior in Saudi Arabia. A Systematic Literature Review from the Last Decade

This study examines the factors and motivations behind social entrepreneurial behavior in Saudi Arabia, specifically highlighting the main findings. The research employs the Web of Science and Scopus databases to conduct a literature review following the PRISMA statement guidelines. Using the VOS viewer software, the analysis and identification of key terms result in three primary classifications. (1) The study of social entrepreneurial behavior and its consequences. (2) The examination of organizational dynamics and the creation of social value, including social innovation and corporate social responsibility. (3) The exploration of the relationship between the entrepreneurial ecosystem and planned behavioral constructs. The study explores Saudi Arabia’s efforts to promote entrepreneurial development and tackle ongoing challenges like high unemployment rates. The research highlights the potential of social entrepreneurship to create positive societal change. The text emphasizes the importance of improving the entrepreneurial ecosystem by focusing on cultural factors, social networks, institutional frameworks, investment capital, and economic policies. The findings enhance our comprehension of planned behavior outcomes in the context of social entrepreneurial behavior in Saudi Arabia.

디지털 리터러시역량이 기술창업 기회역량에 미치는 영향에 관한 연구

This study investigates how strengthening college students' digital literacy competency and technology start-up opportunity capacity affects the development of career paths such as employment and entrepreneurship, and determines how digital literacy competency strengthens college students' ability to prepare for the future. This study was conducted to find ways to help college students discover entrepreneurship opportunities through empirical research on competency. The main empirical research results are as follows. First, the higher the digital literacy competency, the higher the potential entrepreneur's technical knowledge, creative thinking, and technology commercialization feasibility assessment, which was found to have a positive impact on technology startup opportunity capabilities. Second, among the sub-variables of digital literacy capabilities and technological startup opportunity capabilities, innovativeness was found to have a positive moderating effect in the relationship between technological knowledge and creative thinking. These analysis results suggest that digital literacy capabilities can increase innovation in relation to technical knowledge and creative thinking. Third, innovativeness, risk tolerance, and competitive attitude were found to have a positive moderating effect in the relationship between digital literacy competency and technology startup opportunity competency evaluation of technology commercialization potential. Fourth, although it has been shown in previous studies that digital literacy competency has a positive effect on technology startup opportunity capabilities, in this study, the interaction effects with innovativeness, risk tolerance, and competitive attitude were analyzed in more depth. This result suggests that digital literacy capabilities alone are not sufficient to increase entrepreneurial opportunity capabilities and must be considered along with other factors such as innovativeness, risk tolerance, and competitive attitude. In particular, people with high innovativeness tend to accept new ideas, and people with high risk tolerance tend to take on challenges without fear of failure. These characteristics can play an important role in increasing the capacity for entrepreneurial opportunities, so it is important to consider these factors together. Additionally, this suggests that education and support programs that help college students and young entrepreneurs develop and strengthen these capabilities are becoming more important.

ANALYSIS OF EVALUATION CRITERIA INDICATING THE IMPORTANCE OF CREATIVE INDUSTRIES IN THE WORLD ECONOMY

The issues of studying the influence of creative industries at the national level and the global economy as a whole are gaining more and more popularity due to their active positive impact on the economic development of countries. Based on the relative novelty of the appearance of this term in the scientific field, this topic is insufficiently developed and requires a comprehensive study. The purpose of the study is to analyze a sample set of evaluation criteria involved in the evaluation of national creative sectors of countries. The research methodology includes the application of universal general scientific research methods. A multidisciplinary approach prevails in the study. The scientific significance of the work consists in the identification, systematization and presentation of evaluation criteria used to identify the importance of creative industries in the economy of countries, practical - in the possibility of applying the conclusions obtained from the results of the study for a deeper subsequent study of creative industries and their impact on the economy of the world. In this study, an analysis of the current state of creative industries and management of their development was used, as well as various approaches to assessing the effectiveness of the creative sector within the city and country format. This study is the initial stage of developing the concept of managing the entrepreneurial potential of creative industry entities in order to form a decent competitive environment in the creative industries market in the future and to fulfill the requests of authors and owners of intellectual property created within the framework of a specific industry affiliation of the creative sector.

Community entrepreneurship potential for renewable energy adoption in Trinidad and Tobago

Community entrepreneurship potential for renewable energy adoption in Trinidad and Tobago