Potential Entrepreneurs Research Articles

Digital Entrepreneurship and Business Innovation: Strategies for Indonesian SMEs in the Era of Industry 4.0

The rapid advancement of Industry 4.0 has significantly transformed the entrepreneurial landscape, particularly for small and medium-sized enterprises (SMEs) in Indonesia. Digital entrepreneurship has emerged as a critical driver of business innovation, enabling SMEs to enhance operational efficiency, expand market reach, and develop competitive advantages. This study explores the role of digital entrepreneurship in fostering business innovation, focusing on strategies that Indonesian SMEs adopt to navigate the digital economy. By utilizing a qualitative research approach, this paper examines case studies of SMEs that have successfully integrated digital technologies, such as e-commerce platforms, cloud computing, artificial intelligence, and blockchain, into their business models. The findings reveal that digital transformation enhances SMEs’ adaptability, productivity, and customer engagement. Key success factors include digital literacy, strategic use of online marketplaces, and the adoption of automation tools to streamline operations. However, SMEs also face significant challenges, including digital infrastructure limitations, cybersecurity risks, financial constraints, and resistance to technological change. The study highlights the importance of government policies, financial incentives, and digital training programs in supporting SMEs’ digital transition. This paper argues that a comprehensive and collaborative approach—where businesses, policymakers, and technology providers work together—is essential for maximizing the potential of digital entrepreneurship in Indonesia. By embracing digital transformation, SMEs can drive innovation, strengthen economic resilience, and contribute to sustainable economic growth in the digital era.

Measuring Local Entrepreneurial Ecosystems: Insights from Portuguese Sub-Regions

Entrepreneurial Ecosystems (EEs) have gained significant attention from scholars and policymakers, becoming a pivotal framework for understanding entrepreneurship's importance in regional development dynamics. However, existing literature presents several theoretical and empirical gaps, often neglecting a fundamental understanding of the local context. This paper aims to address this void by conducting a quantitative analysis of local EEs, using data from 25 Portuguese sub-regions. Drawing upon established EE theory, the study calculates the Portuguese Local EE Index, comprising 17 indicators and a Penalty for Bottleneck methodology. Correlation and regression analyses shed light on the relationships between local EEs and entrepreneurship outputs and socio-economic indicators. The findings also underscore the critical role of leadership, market demand, and access to financial capital as focal points for tailored policy interventions to address these local bottlenecks. Moreover, the study identifies urban-rural disparities, advocating for policies that bridge geographical divides and unlock the potential of rural entrepreneurship. Furthermore, significant variability is found within each region, highlighting the importance of adopting a local perspective when developing EEs. By advancing our understanding of local EE dynamics, this research contributes to a more nuanced discourse on entrepreneurship and informs evidence-based policymaking aimed at cultivating more vibrant and resilient entrepreneurial economies.

Bridging Language Learning and Entrepreneurship: Examining Arabic Language Students’ Potential in Developing 'Arabic for Specific Purposes' Module Projects

This research explores the potential of Arabic language students in Indonesia to develop "Arabic for Specific Purposes" (ASP) modules, focusing on integrating entrepreneurial concepts into language learning. The study aims to examine the factors influencing students' engagement in entrepreneurship and how a structured curriculum can enhance both their entrepreneurial skills and Arabic proficiency. Using a mixed-methods approach, the study surveyed 136 students from Arabic Language Education programs across various Indonesian universities, gathering both quantitative data on students' attitudes toward entrepreneurship and qualitative insights into their experiences in ASP module development. The findings revealed that most students show strong interest in creating practical Arabic modules, especially for real-world applications. However, they require further training in communication skills, curriculum design, and market awareness. The study suggests that incorporating entrepreneurial competencies into the curriculum—especially in market analysis and user-centered design—would benefit students. It recommends providing structured support and training to bridge knowledge gaps and enhance students' entrepreneurial potential. Future research could explore how gender dynamics and real-world entrepreneurial simulations influence ASP module development in language education.

Sustainable corporate entrepreneurship as a catalyst for sustainability – a systematic literature review

Sustainability has emerged as a critical priority for both business strategy and academic research, driving a shift beyond traditional responsibility frameworks toward embedding sustainability within entrepreneurial paradigms. While start-ups and social entrepreneurs have effectively integrated sustainability into their business models, large corporation face significant challanges in balancing financial goals with the growing demand for sustainability. This study considers the potential of corporate entrepreneurship to foster sustainability within established companies. Sustainable corporate entrepreneurship (SCE) allows companies to leverage innovation for sustainability as a value-creating opportunity rather than a restrictive constraint. This study addresses a critical gap in the literature – the lack of a comprehensive framework for SCE – through a meticulous, systematic literature review of 95 recent publications. Our proposed SCE framework identifies three key dimensions: focus, approach and evaluation. We provide insights to deepen understanding and guide future research in this evolving field. Specifically, we introduce a model that conceptualizes how SCE can be developed as dynamic capability for generating value through sustainability-focused innovation. This model speficies capabilities on an individual and organizational level, as well as contextual enablers and hurdles.

Exploring Factors Affecting High-School Student Entrepreneurship Competency

Entrepreneurial competencies are increasingly recognized as essential skills for students in today's dynamic and competitive world. This study aims to identify and validate the crucial entrepreneurial competencies of Thai high school students using a 2nd-order confirmatory factor analysis (CFA). A questionnaire was developed to assess these competencies, administered to a sample of high school technology teachers selected using multi-stage random sampling. The results indicated that technology teachers perceive the development of entrepreneurial competencies as crucial for their students. Specifically, the analysis revealed that entrepreneurial skills, leadership skills, and innovative adaptability were most important. These findings suggest that enhancing these competencies can significantly contribute to students' overall entrepreneurial potential. The research contributes to the understanding of entrepreneurial competencies among high school students and provides a validated framework for assessing these competencies. The study's novelty lies in its validation of essential entrepreneurial competencies specifically tailored for Thai high school students, offering a framework for assessing and nurturing these competencies in an educational context.

The role of technology for green entrepreneurship in southeast asia

Abstract This study aimed to analyze the development of green entrepreneurship in Southeast Asia using bibliometric analysis. This method was used to assess many research works in the fields of “technology,” “entrepreneurship,” and “sustainability” of 2673 publications on green entrepreneurship with digital technology in Southeast Asia from 2000 to 2023. This study investigated the challenges and characteristics of green entrepreneurship research and visualized the bibliometric network using the R Biblioshiny analysis package to identify key clusters and relationships among the publications. Findings revealed a significant surge in academic interest in this topic, primarily focusing on technology’s role in driving innovation and sustainable business growth. The increasing international collaboration highlighted the global significance of this issue. However, the study identified challenges hindering the widespread adoption of green entrepreneurship, such as limited access to finance and adequate infrastructure. While the potential was substantial, adopting digital technology in green businesses is still hampered by entrepreneurs’ lack of awareness and skills. The study recommended several measures to address these challenges, including the implementation of supportive policies, enhancement of educational programs, increased financial accessibility, development of sustainable infrastructure, and strengthened collaboration among stakeholders. Thus, Southeast Asia can fully leverage the potential of green entrepreneurship to achieve sustainable economic growth and address environmental issues.

Correlation between Enthusiasm Level and Entrepreneurial Personality

Background: Entrepreneurship education plays a crucial role in developing students' entrepreneurial potential. Two significant aspects of this education are Enthusiasm Level and Entrepreneurial Personality. This study aims to examine the correlation between students' Enthusiasm Level and Entrepreneurial Personality in the implementation of the entrepreneurial-based Project for Strengthening Pancasila Student Profile (P5) at a high school in Sukabumi Regency. Method: Using a descriptive qualitative approach, data were collected through a questionnaire consisting of 44 statements and in-depth interviews with teachers. Results: The results showed that the implementation of the P5 Project had a positive impact on students' enthusiasm and Entrepreneurial Personality. Pearson correlation test indicated a very weak positive relationship between Enthusiasm Level and Entrepreneurial Personality with a correlation coefficient of 0.117 and significance of 0.041. Although this relationship is significant, its strength is very low, suggesting that other factors may have a greater influence on the development of Entrepreneurial Personality. Conclusion: This research provides insights into the importance of creating a supportive learning environment to enhance students' enthusiasm and Entrepreneurial Personality. Keywords : Project to Strengthen Pancasila Student Profiles (P5), Enthusiasm Level, Entrepreneurial Personality, independent curriculum, entrepreneurship education

YOUTH-GOVERNMENT COLLABORATION IN MARITIME DEVELOPMENT: A PATHWAY TO A SUSTAINABLE JAKARTA

Abstract This study explores the critical role of young entrepreneurs in advancing Jakarta’s sustainability objectives and bolstering the resilience of its maritime sector. As Jakarta transitions towards a more sustainable urban model, young entrepreneurs are pivotal in developing green technologies that reduce emissions, enhance operational efficiency, and promote eco-friendly practices, aligning closely with the city's sustainability goals. Their innovations directly address environmental challenges such as pollution and climate risks, fostering a green economy while strengthening the sector's capacity to withstand issues like sea-level rise and extreme weather impacts. By collaborating with government entities, these entrepreneurs amplify their influence, co-creating sustainable solutions that reinforce Jakarta’s economic and environmental resilience. This research highlights the transformative potential of youth-driven entrepreneurship as an essential component in achieving a sustainable, resilient, and future-oriented Jakarta. Keywords: Young Participations, Sustainable City, Blue Economy, ESG

Barriers to Entrepreneurial Intention: A Comprehensive Literature Review

This literature review investigates the barriers affecting entrepreneurial intention, a foundational aspect of business creation influenced by psychological, social, and environmental factors. The study identifies major barriers, such as low self-efficacy, lack of social support, negative attitudes toward entrepreneurship, limited perceived behavioral control, environmental uncertainty, and fear of failure. These factors, documented across diverse contexts, highlight both individual and contextual challenges that deter entrepreneurial motivation. This review aims to clarify these barriers by synthesizing findings from prior research and presenting a framework to inform targeted interventions that can effectively foster entrepreneurial intentions. Emphasis is placed on the role of entrepreneurial education, supportive social structures, and simplified regulatory processes in overcoming these obstacles, thereby supporting potential entrepreneurs in diverse environments. Keyword: Entrepreneurial Intention, Self-Efficacy, Social Support, Perceived Behavioral Control, Fear of Failure, Entrepreneurial Barriers, Literature Review.

THE MAIN IDEA OF ENTREPRENEURSHIP IN THE MARKET OF EDUCATIONAL SERVICES

This article is about the real essence of today's rapidly developing market of educational services and reveals the potential of successful non-governmental educational entrepreneurship that has already been proven that it will bring not only financial, but also huge social benefits by entering the field of education, which is actually a state function, based on the rules of supply and demand. It proposes the application of the new term "Ta’limkor" to the field in Uzbekistan.

Self-assessment of entrepreneurial potential and actual intentions to start a business Depending on the chosen field and language of study

Background: : This article aligns with contemporary approaches to defining entrepreneurship by examining not only its core essence but also the entrepreneurial potential, personality traits, and behavioral dynamics necessary to identify an individual as entrepreneurial. Research objectives: By examining the entrepreneurial landscape among students at the University of Information Technology and Management in Rzeszow (UITM), the article explores the connections between academic specialization, field of study, and entrepreneurial aspirations, focusing on both the potential and intention to initiate business ventures. Based on data from a survey of 1,526 students, representing 29.8% of UITM's total student population, the study offers a representative and comparable research sample encompassing various educational paths in both Polish and English programs. Results: The research findings reveal how students' entrepreneurial potential is distributed across various academic disciplines, emphasizing the correlations between their chosen field of study and entrepreneurial potential. Additionally, the article examines the relationships between the urge to start a business and factors such as employment status, language of study, and field of study. It also summarizes the impact of academic programs in specific specializations, as well as support mechanisms, on entrepreneurship development. Conclusions: The study validates two research hypotheses: first, that the chosen field of study affects entrepreneurial potential and the likelihood of starting a business; and second, that the language of study influences the intention to launch one's own business in the near future.

Strategic model to enhance students’ entrepreneurship interests through Merdeka Belajar Kampus Merdeka program

The Merdeka Belajar Kampus Merdeka (MBKM) program, launched by Indonesia’s Ministry of Education and Culture in 2020, aims to foster entrepreneurship among university students to address low post-graduation entrepreneurial engagement. A 2022 Tracer Study at Bina Mandiri University Gorontalo (UBMG), Indonesia, found that only 1.13% of 177 alumni pursued entrepreneurship as a profession. Drawing on this issue, this research explores a strategic model to enhance students’ entrepreneurial interests through the MBKM program at UBMG. A qualitative descriptive design was employed, gathering data from key informants, including university leaders, lecturers, and students, through interviews and document analysis. The findings revealed that despite students showing a high potential for entrepreneurship, key barriers such as limited experience and financial capital persist. The study suggests strategies to overcome these challenges, including strengthening practice-based curricula, providing continuous mentorship, fostering positive entrepreneurial mindsets, and encouraging adaptation to external challenges through partnerships with industries and government support. These strategic measures are expected to significantly improve students' entrepreneurial engagement at UBMG.

Unleashing Entrepreneurial Potential: How Non-Economics Students Dive into the World of Business

In overcoming the complexity of the global world of work, non-economics students need to increase their interest and involvement in entrepreneurial activities to reduce the unemployment rate in Indonesia. This study aims to analyze the interest and participation of Non-Economics Students in entrepreneurship. This literature review uses secondary data, especially referring to articles related to the research focus. The research focuses on entrepreneurship among non-economic study program students. The research results show that non-economic students' interest in entrepreneurship is still low. Negative views, lack of knowledge, and minimal environmental support hamper their involvement in entrepreneurial activities. Factors influencing interest and involvement involve family environment, entrepreneurial education, self-confidence, and institutional support. Efforts are needed to increase non-economic students' interest in entrepreneurship. Improvements in curriculum approaches and educational environments are required to increase their involvement in entrepreneurial activities. Focusing on key factors can be the basis for improving educational policies and programs to encourage the participation of non-economic students in the world of entrepreneurship. This study highlights the critical gap in entrepreneurial interest and participation among non-economics students in Indonesia. Furthermore, the study offers valuable insights into the specific factors that influence non-economics students' involvement in entrepreneurship.

ENTREPRENEURSHIP EDUCATION IN THE FUNCTION OF ENTREPRENEURSHIP DEVELOPMENT IN THE REPUBLIC OF SERBIA

The main goal of this paper is to determine the level of development of entrepreneurial education in the Republic of Serbia, bearing in mind the fact that entrepreneurial education plays a significant role in encouraging entrepreneurial spirit and entrepreneurship. Acquiring and developing entrepreneurial competences in the territory of the Republic of Serbia for persons older than 15 years is also achieved through the implementation of the functional basic education program for adults. In the design and realization of entrepreneurial activities, the connection of the economy and educational institutions plays a significant role, as well as the introduction and implementation of the dual education system, began to be implemented within certain secondary vocational schools, mainly in the field of technical-technological scientific disciplines. Various extracurricular activities, projects and programs implemented in educational institutions, often with the support of national and/or international institutions, organizations, business entities, etc., make a significant contribution to the acquisition and development of entrepreneurial competences. Entrepreneurial knowledge, skills and abilities can be improved by studying entrepreneurship at universities and colleges, through independent exams and/or modules, at basic, professional, specialist, master's and doctoral studies, with a multidisciplinary approach, mainly within organizational sciences, business economics and management, engineering management and industrial engineering. Entrepreneurship is also successfully studied in the sphere of informal education, through the implementation of various training and development programs created for different age categories of the population, with different levels of entrepreneurial (prior) knowledge. Based on research, it has been established that in the Republic of Serbia, a certain progress has been made in the implementation of entrepreneurial education, which is represented in a formal sense at all levels of education, especially in secondary vocational education. On the other hand, it was established that it is necessary to work on improving the general entrepreneurial climate and entrepreneurial environment, which would stimulate all categories of the population to be additionally educated, activated and realize their entrepreneurial potential. In this, entrepreneurial education plays an extremely important role, which should be continuously improved. It is especially necessary to work on improving the implementation of entrepreneurial education in the youth population. The need to create a program to encourage and improve female entrepreneurship and entrepreneurship of the socio-economically vulnerable population was also identified.

Fields of synergy - theory and practice of cooperation between social enterprises and business

Face of social, economic, environmental challenges and proliferation of multi-crises - a development of social entrepreneurship, involvement and civic activism become very desirable. A need for interactions and cooperation between various groups of actors present in the local spaces is often seen as the contemporary paradigm. The aim of the study is to conceptualize the cooperation process between social enterprises and business. The presented results of empirical research constitute the basis for identifying potential areas of cooperation to increase the potential of social entrepreneurship. The research is based on a case study conducted in a local environment. Theoretical research was conducted using the deductive method. Empirical research methodology was used in the form of interviews and business modeling techniques. The phenomenon of cooperation was explored against the background of opportunities to develop social entrepreneurship, strengthen the potential of cooperating enterprises and achieve benefits for local communities. The result of the research is the discovery of the basic dimensions of practical and effective cooperation between social enterprises and business in the form of an analog-representational model. In the proposed research approach, mutual involvement in joint initiatives based on active involvement, lasting and interactive cooperation and sharing was considered crucial. The research covered the context of creating innovation potential, outsourcing services, implementing the common good and sharing resources. It seems that the presented approach may be universal and can be extrapolated to other regions and cultural contexts.

Entrepreneurship and Skill Development: The Vision for India's Youth in NEP 2020

The National Education Policy (NEP) 2020's emphasis on skill development and entrepreneurship is expected to have a profound impact on India's youth. By integrating vocational education into the normal curriculum, promoting entrepreneurship education, and fostering industry-academia partnerships, NEP 2020 target to equip India's youth with the requisite skills and entrepreneurial potential. This can enhance their employability, entrepreneurial spirit, and ability to be creative and inventive. However, problems like debt, unemployment, and regional disparities may still arise. Through the successful implementation of NEP 2020's provisions, including mentorship and support networks, these barriers can be reduced and the potential of India's youth can be fulfilled. In order to find out how India's young perceive the effects of skill development and entrepreneurial programs under the National Education Policy (NEP) 2020, this study mainly uses an opinion poll. The study adds to the body of knowledge already available on entrepreneurship and skill development, offering guidance to stakeholders in the industry, educators, and policymakers.

Entrepreneurial Potential of Performing Art to Nigeria's Economic Development

This research paper is an investigation to ascertain the Entrepreneurial Potential of Performing Art to Nigeria’s Economic Development. The objective of the study is to identify entrepreneurial potentials in performing Art, to determine the business viability of the performing Art industry and to ascertain how entrepreneurs in the performing Art industry can contribute to Nigeria’s economic development. A descriptive survey research design was adopted for the study. The sample of the study was achieved using a random sampling technique. The sample for this study was 69 respondents. These selected sixty-nine (69) respondents were performing art professionals which include Nollywood actors and musicians in Asaba Delta State, Nigeria. The instrument used to collect data was the questionnaire. The data collected were analyzed using simple percentage, mean, standard and chi-square. The overall findings of the study are that there is entrepreneurial potential in performing Art through payment of fees for performing at Events, including festivals. This can be ticketed performance art events or it can be within wider events or earned fees from acting in a Nollywood movie, Intellectual property earning for celebrities and sales of art products and services as well as production of artefacts. The study also revealed that there is a significant and positive connection between Performing Art and profitability and it was also discovered that entrepreneurial innovation made Performing Art possible and a viable business model. High demand for entertainment, global acceptance of performing Art products has made performing Art a viable business model for Nigeria’s economic development and transformation. The study recommends that for theatre practice to be feasible and for the personal talents, ideas, and creative contributions of the artists to be effective and contribute to the economic development of Nigeria, entrepreneurial skills are necessary and a prerequisite.

ENTREPRENEURIAL INTENTIONS OF INDIAN UNIVERSITY STUDENTS: A FRAMEWORK OF INDIVIDUAL, CONTEXTUAL, AND EDUCATIONAL FACTORS

This study explores how universities in India can cultivate entrepreneurial potential among students, driving both innovation and economic growth. By developing a detailed framework, the research dives into the personal, contextual, and educational factors that inspire students' entrepreneurial intentions. It identifies self-efficacy, social networks, and structured entrepreneurship education as critical motivators, shedding light on how these elements collectively influence a student’s journey toward entrepreneurship. Using a thematic approach, the study pieces together insights from the literature, revealing that tailored educational programs, dedicated university support, and awareness of sustainability play powerful roles in equipping students with the skills and mindset needed for success. Social and cultural capital also stand out as key forces, creating support networks that can either fuel or dampen entrepreneurial ambitions. While the framework provides a valuable roadmap, it also highlights the need to adapt educational strategies to diverse cultural contexts, suggesting areas for future exploration. This work aims to inform educational practices and policies, ultimately contributing to a more vibrant entrepreneurial ecosystem. Through this integrated approach, the study offers new perspectives on how institutions can inspire and support the next generation of entrepreneurs, using education, social capital, and institutional resources as essential building blocks.

ТHE SUSTAINADLE DEVELOPMENT POTENTIAL OF AN ENTERPRISE: ESSENCE AND STRUCTURE

The concept of sustainable development for an enterprise is inseparably linked to its potential, as the capacity for growth and enhancement of this potential forms the basis for restoring equilibrium during crisis periods and promoting evolutionary development. This connection highlights the importance of the current study. The article refines the definition of enterprise potential, understood as resources and capabilities that can be mobilized to achieve specific goals. The author specifies the elements of an enterprise’s entrepreneurial potential, including economic, financial, organizational, managerial, marketing, production, informational, innovative, resource-based, scientific, technical-technological, communicative, social, and ecological potentials. It is established that the potential of a modern enterprise should be viewed through the lens of resource provision and the capabilities that the enterprise can realize across various areas of activity. All components of an enterprise’s potential are interconnected and can be complementary or interchangeable. The presence and enhancement of robust potential allow enterprises to implement the concept of sustainable development.

A Theoretical Framework Analyzing Impact of Embedding Entrepreneurial Skills in Education on Economical Growth

Background: The growth of any country's economy owes much on the contributions of its entrepreneurs. Employment creation, income contribution, rural development, industrialization, technological advancement, export promotion, etc. are all bolstered by a nation's entrepreneurial spirit. There has been periodic government programs in India aimed at fostering entrepreneurship. The Indian government has begun to take an interest in the topic of entrepreneurship. Startup India is only one of many high-profile programs designed to foster growth in the private sector. The effectiveness of teaching innovation and entrepreneurship to university students has come under scrutiny as they try to prepare themselves for a dynamic job market. Objectives: University students' job-seeking mindsets, innovative and practical skill development, innovative and practical ability development, core entrepreneurial competitiveness, entrepreneurship and innovation comprehensive quality, etc. are all examined in this research. The current state of education regarding entrepreneurship and innovation in higher education is evaluated in order to identify and strengthen the aspects that are having a beneficial impact on students' learning. The innovative and entrepreneurial potential of today's university students has never been more crucial, since studies demonstrate that entrepreneurship has a major impact on economic growth. Methods: From the standpoint of planned behavior theory, this research examines how entrepreneurship education influences the intent to start a business. By investigating the impact of university-level entrepreneurial programs on economic and social progress, a brief analysis is made that impacts the growth of financial sector in India. Education on entrepreneurship in universities is essential for inspiring and motivating students to start their own firms. This research presents a theoretical model of the connection between entrepreneurial skills and intending to be entrepreneurial as taught in academics dedicated to the study of entrepreneurship. Results: This research presents a thorough analysis on demographics of entrepreneurs, the psychological and behavioral traits of university students, and the external influences on entrepreneurs through questionnaires and in-depth interviews. Conclusion: Students' entrepreneurial drive and choices were found to be influenced by their backgrounds and characteristics. In addition, the objective characteristics of the potential entrepreneurs are the students' subjective desires and interests.