Entrepreneurship Research Articles

Impact of Entrepreneurial Mindset and Alertness on Converting Education into Entrepreneurial Intentions: A Study of Pakistani University Students

Entrepreneurial education is an established phenomenon that enhances entrepreneurship, which is critical for economic sustainability. The study investigated converting entrepreneurial education into entrepreneurial intentions in graduating university students. It was expected that entrepreneurial mindset and entrepreneurial alertness play a significant role in this process. A questionnaire was developed, and data was collected from students either graduating or in their last year of undergraduate studies. Regression analysis using AMOS was conducted to test the relationships among study variables. Results indicate that entrepreneurial mindset and entrepreneurial alertness have mediating roles in the process separately. Entrepreneurial alertness is the most significant mediator in converting the effect of entrepreneurship education into entrepreneurial intentions. Entrepreneurial mindset also partially mediates the effect of entrepreneurship education on entrepreneurial intentions. The findings of this study are essential for educational planners and organizations in the entrepreneurial ecosystem to evaluate the effectiveness of entrepreneurial education in training programs. Future studies may consider replicating this study in different physical and cultural settings.

Development Of Student Entrepreneurship Skills Through The Independent Entrepreneurship Program At Gadjah Mada University 2023

Entrepreneurship plays an important role in driving economic growth and creating new jobs. Therefore, the development of entrepreneurial skills among students is very important. This study aims to analyze the development of student entrepreneurship skills through the Wirausaha Merdeka program at Universitas Gadjah Mada (UGM) in 2023. The Wirausaha Merdeka program is a national program that aims to create resilient and financially independent young entrepreneurs. This research uses a qualitative approach method. Data were collected through observation and in-depth interviews with students participating in the Wirausaha Merdeka program at UGM. The results showed that this program has successfully developed various entrepreneurial skills of students, such as managerial, marketing, financial, leadership, and communication skills. Through a series of training, mentoring, and hands-on practice in building a business, students can apply the knowledge gained in real terms. The positive impact of this program can be seen from the increase in students' interest and motivation for entrepreneurship, as well as the emergence of new innovative business ideas. However, there are also challenges such as lack of initial capital and difficulties in reaching a wider market. This research contributes to providing insight into the role of the Wirausaha Merdeka program in developing students' entrepreneurial skills and provides recommendations for future program improvements.

Ghaslah: Car wash application

It is known in Oman and many countries that technological devices and artificial intelligence have become a part of daily life. People use them to complete daily tasks and communicate among themselves, as well as facilitating some tasks that require time and effort. Therefore, there are many phone applications that have been developed to serve people, and they were created and developed by Omanis. These applications facilitate the promotion of the tourism, economic, and commercial sectors. Some of them support tourism by showing tourist places and introducing them to tourists, and some show important events in the Sultanate. Which tourists love to go to and supports the economy through the financial returns that result from this trade through these applications. In this project, we proposed creating a mobile application titled Ghaslah. It is an application concerned with car washes. It supports the customer and the owners of car wash companies. It enables the customer to choose the appropriate car wash company and choose the best services that the customer needs. It also supports segments of society, including women, the elderly, and people with special needs in particular. It supports car wash companies by displaying the services provided by the companies at the lowest costs in terms of advertising and other things, enabling companies to provide their services such as reservations and home services. This application will enhance the economic aspect in Oman and the owners of car wash companies and satisfy the customers with services that suit their needs.

How Entrepreneurial Mindset, Gender Stereotypes, and Innovation Practices Influence the Sustainability of Women-Owned Businesses in Bogor City, Indonesia

This study investigates the influence of entrepreneurial mindset, gender stereotypes, and innovation practices on the sustainability of women-owned businesses in Bogor City, Indonesia. Using a sample of 200 women entrepreneurs, data was collected through structured questionnaires and analyzed using multiple regression analysis. The results indicate that entrepreneurial mindset and innovation practices positively impact business sustainability, while gender stereotypes have a negative effect. The findings emphasize the critical role of fostering a strong entrepreneurial mindset and encouraging innovation among women entrepreneurs, while also addressing the detrimental impact of gender stereotypes on business operations. The study contributes to the growing body of literature on women’s entrepreneurship and offers practical insights for policymakers and support organizations in creating a conducive environment for the sustainability of women-owned businesses

The impact of sustainable entrepreneurship education and self-efficacy on students' entrepreneurial mindset and attitude

This study aims to foster a shift in students' entrepreneurial mindset through sustainable entrepreneurship education. This initiative is expected to contribute to the recovery of the MSME (Micro, Small, and Medium Enterprises) sector while enhancing the quality of education by expanding the content of entrepreneurship courses, inviting experts to share their experiences, organizing events to promote student products, and facilitating internships in the entrepreneurial industry. Data were collected through questionnaires, with responses measured using a Likert scale. A literature review was also conducted to support the research. The population of this study consists of students from universities in West Jakarta, with a sample of 153 respondents. The data were analyzed using a structural equation modeling approach based on components or variances. The results of hypothesis testing reveal that: (1) Entrepreneurship education has a positive and significant effect on the entrepreneurial mindset; (2) Self-efficacy has a positive and significant effect on the entrepreneurial mindset; (3) Entrepreneurship education has a positive and significant effect on entrepreneurial attitude; (4) Self-efficacy has a positive and significant effect on entrepreneurial attitude; (5) Entrepreneurial attitude has a positive and significant effect on the entrepreneurial mindset; (6) Entrepreneurial attitude does not mediate the relationship between entrepreneurship education and entrepreneurial mindset; and (7) Entrepreneurial attitude does not mediate the relationship between self-efficacy and entrepreneurial mindset.

Perceptions And Interests Of Young Entrepreneurs In Sharia-Based Business Finance

This study analyses the perception and interest of young entrepreneurs in Sharia-based business financing at BSI in Sungai Penuh City, Jambi. This study uses a qualitative approach with primary data from interviews. Interviews were conducted directly with six informants. The data analysis technique uses the Miles and Huberman approach with the following stages: data reduction, data presentation, verification, and conclusion. The results of the study indicate that the perception of young entrepreneurs towards Sharia-based loans is generally very positive; they understand the basic principles of Sharia in financing without interest and the application of profit sharing. Young entrepreneurs also recognize the benefits of sharia financing, such as easy access and simple procedures. On the other hand, the interest of young entrepreneurs in Sharia financing is still relatively low. This is due to the need for more socialization and support from Sharia financial institutions and limited financing options. Theoretically, this study can be used as a reference for relevant research in the future. Practically, this study can be a reference for Sharia financial institutions in designing marketing strategies and developing financing products that meet prospective customers' needs so that they can have a positive impact and increase interest and awareness of the importance of Sharia financing among young entrepreneurs.

Experiential Pedagogies for Cultivating Entrepreneurial Mindsets: Action Design Learning as Tailored Framework

Experiential Pedagogies for Cultivating Entrepreneurial Mindsets: Action Design Learning as Tailored Framework

Urbanization Rapidity and Its Impact on Shuklagandaki Municipality

This study examines the trends and causes of urbanization as well as how they affect Nepal's Shuklagandaki Municipality, which is urbanizing quickly. Using a mixed-methods approach, the study incorporates data from both qualitative and quantitative sources. Quantitative information was gathered from field survey and qualitative data were collected from public reports, census records, and government statistics to examine demographic and economic developments in the municipality during the previous 20 years. Through in-depth interviews with important stakeholders, such as public servants, company owners, and community leaders, qualitative data were acquired. Regression analysis and other descriptive and inferential statistics were used in the data analysis process. The results show that throughout the past 20 years, Shuklagandaki Municipality has had notable increase in both demographic and economic metrics. Urban expansion was primarily driven by population increase and economic development; infrastructural improvements, while significant, were secondary. The necessity for planning and policy initiatives that support sustainable growth while attending to the needs and well-being of present and future inhabitants is highlighted by the difficulties and possibilities brought about by the fast urbanization. The article finishes with a summary of the key results, a discussion of the research limitations, and references for future research topics to fill in the gaps in the body of knowledge and address unresolved issues with urban expansion in Shuklagandaki Municipality.

Entrepreneurial Self-Efficacy In Entrepreneurial Intention: The Mediating Role Of Entrepreneurial Education

Unemployment, poverty and social inequality are big challenges for Indonesia in entering the free market and global competition.Today, individuals with a college degree experience stiff competition and difficulty in finding employment. Limited employment opportunities which have resulted in high unemployment rates have increased awareness of the importance of entrepreneurship. However, students' interest in entrepreneurship is still relatively low, causing them to hesitate to start a business because they are risk averse. Entrepreneurial intention, as the main predictor of entrepreneurial behavior, is important in understanding the entrepreneurial process. Factors influencing entrepreneurial intentions, especially entrepreneurial self-efficacy, have been widely researched.Apart from that, the role of the entrepreneurial ecosystem in forming entrepreneurial intentions has also received attention.This research investigates the influence of the entrepreneurial ecosystem, entrepreneurial education, and individual factors such as entrepreneurial self-efficacy on entrepreneurial intentions among business students. The findings show that the entrepreneurial ecosystem has a positive effect on entrepreneurial intentions, in line with previous research in the Western context. In addition, entrepreneurial education and individual factors such as entrepreneurial self-efficacy mediate this relationship. Practical implications include the need for universities to support students in developing an entrepreneurial mindset and improve entrepreneurship education to foster creativity. Limitations, such as the focus on business students and the cross-sectional design, offer avenues for future research to explore broader populations and use longitudinal designs.

Digital transformation and resilience in family business: an exploratory study of generational dynamics

PurposeThe paper aims to contribute to the advancement of the debate on digital innovation and entrepreneurship from a cross-generational perspective in the context of family businesses. Specifically, the paper explores the contribution provided by the young generations of entrepreneurs to the digital transformation and resilience of family businesses during the pandemic emergence of COVID-19. Focusing on the need for a major understanding of digital resilience in the context of family businesses and small and medium-sized enterprises, the paper aims to provide theoretical and empirical contributions in replying to the following research question: How did young entrepreneurs contribute to the resilience and the digital transformation of their family businesses during COVID-19?Design/methodology/approachThe methodology consisted of a two-stage qualitative investigation including a focus group managed in presence with the involvement of 24 young entrepreneurs and a self-administered online survey involving the family businesses belonging to the Association of Young Entrepreneurs of Confindustria Puglia (South Italy) that has allowed to collect 47 replies, with a 32% response rate.FindingsThe paper presents evidence about the resilience of family businesses during the COVID-19 supported by the disruptive role of emerging digital technologies. Our analysis demonstrates that young entrepreneurs adopted different patterns of digital transformations, depending on the firm’s industry and the family firm’s digital maturity. Digital resilience in the context of the observed family businesses produced different benefits in terms of competitiveness, effectiveness of decision-making, visibility and communication and new opportunities for value creation; it occurred in several business areas, including production, logistics, sales and human resources management.Practical implicationsThe study highlights the relevant role that younger generations can play in exploring innovation opportunities associated with digitalisation as well as in contributing to reinforce innovation and resilience capability of their family businesses through collaboration with external stakeholders and ecosystems.Originality/valueThe value of the research consists in the attempt to analyse the meaning and implication of digital innovation in the context of family business as a driver for their resilience capability. The Family Businesses Digital Readiness and Young Entrepreneurs Contributions Matrix presented into the study as an original contribution of synthesis of the evidence collected.

Building A Sharia Entrepreneurial Ecosystem Through Halal Value Chain for MSMEs

Independent entrepreneurs promise certain material benefits if the entrepreneur succeeds in running the business. Sharia business and economic patterns are still a big challenge and opportunity to be implemented in Indonesia. Creating a sharia-based entrepreneurial ecosystem is very important for MSME players to be aware of so that they can optimize the business they run according to Islamic law and God's provisions. This halal value chain is a sharia economic sector that plays an important role in economic progress in Indonesia. However, for Indonesia, halal is an economic potential that has not been exploited optimally. One thing that supports building a sharia entrepreneurial ecosystem and is able to increase sales value is by carrying out halal certification on the products it makes. The Community-Based Empowerment Partner in this activity is UMKM Wijayakusuma Sejati assisted by Jatisawit Village Bumiayu Brebes. The aim of this service is (1) to provide partner knowledge in creating a sharia-based entrepreneurial ecosystem and mentality, (2) to provide production and marketing knowledge, (3) to provide business capital management competence, (4) to provide knowledge about production and marketing, management competence business capital, bookkeeping and preparation of financial reports, and (5) facilitating halal certification for Wijayakusuma Sejati MSME products. This training is needed for traders to create a sharia entrepreneurial mentality and halal certification based on the halal value chain so they are able to manage their business well, create a brand image for their products, and increase sales significantly.

What is the Impact of Economic Welfare on Social Responsibility Disclosure in Indonesian Manufacturing Companies?

This research was conducted to prove that the economic welfare of the community is related to and has an influence on the existence of corporate social responsibility activities. The findings in this study assume the existence of the Covid-19 as a period that has an impact on the global crisis. The effects of the global crisis caused companies to experience a decline in net sales, and policies on corporate social activities changed. This study tries to link the variables of public ownership and net sales of companies to disclosure of social responsibility and the economic welfare of the community. The sampling design in this study uses a list of manufacture companies included in the Kompas 100 index list for two consecutive years, namely 2020 and 2021, which is the period when the health crisis in Indonesia began. The results of this study are that the variables of public ownership structure and net sales index have a significant relationship with social responsibility disclosure. However, the disclosure of social responsibility is not significant to economic welfare. Public ownership brings the company more attention from the surrounding community. Meanwhile, sales growth is used as a company measure to satisfy company owners and benefit the community. With company policies that benefit the community, supporting the government improves economic welfare. Keywords: CSR disclosure, public ownership, net sales, economic well-being

The Influence Of Culture, Education, And Entrepreneurial Innovation On Entrepreneurial Intention With Entrepreneurial Mindset As Intervening Variable On Management And Business Administration Students Class Of 2020

The study aims to examining the connections among entrepreneurial culture, education, innovation on entrepreneurial intention with entrepreneurial mindset as intervening variable. Questionnaire data are distributed to 102 students from business management and business administration class of 2020 Telkom University who enrolled in small startup business development course for business management and entrepreneurship for business admnistration students, which was taken using snowball sampling methods with a helps from SmartPLS 3. The findings reveal that the the entrepreneurial culture significantly impacts entrepreneurial intention, mindset, and education, while entrepreneurial education has positive influence to entrepreneurial mindset and innovation. Furthermore, entrepreneurial innovation influenced both entrepreneurial mindset and intention. The study also confirmed the direct effects of entrepreneurial mindset to entrepreneurial intention as the final hypothesis.

Fostering Entrepreneurial Mindsets: Factors Shaping Student Intentions in a Challenging Economic Landscape

This research aims at investigating factors affecting entrepreneurial intention among university students in Selva Central-Peru. The study seeks to explore how perceptions of behavioural and social norms, as well as entrepreneurs’ self-efficacy, impact entrepreneurial intentions among students. The research method used is a quantitative one, which in turn praises data obtained through questionnaires applied to 114 active students and analysed by statistical methods. Confirmed the positive influences of self-efficacy on entrepreneurial intention are six times larger than those of attitude and subjective norms, with 79.2% explained variance, respectively, in relation to the proposal model’s findings. Results showed that although the majority of students demonstrated medium to high entrepreneurship intentions, much scope remains for increasing this. These findings confirm just how critical it is to provide an educational context that supports entrepreneurial locus of control-building and, in so doing, draws on broader conversation within the education-occupational landscape. With this, the study highlights avenues to better leverage entrepreneurship as a pathway toward sustainable livelihoods and economic inclusion in an economically divided region.

Assessing Entrepreneurial Readiness in Teacher Education Graduates for Future Success

Entrepreneurship education is increasingly recognized as essential for cultivating an entrepreneurial mindset among students. The College of Teacher Education (CTE) at Mariano Marcos State University (MMSU) has integrated the "Entrepreneurial Mind" subject into its curriculum to equip future educators with vital entrepreneurial skills. This study assesses the entrepreneurial competencies, attitudes, and intentions of MMSU-CTE graduates who completed this subject. This study evaluates key competencies such as opportunity recognition, innovation, risk management, and leadership, alongside graduates' perceptions of the subject's effectiveness. Data were collected from 150 graduates via a structured questionnaire online and analyzed using descriptive and inferential statistics. Results indicate high proficiency in opportunity recognition, resource management, and innovation, but moderate levels in risk management and financial planning, suggesting areas for curricular enhancement. While 65% of graduates exhibit positive entrepreneurial attitudes, only 50% have strong intentions to start a business, highlighting the need for additional support mechanisms like mentorship and funding. Graduates reported significant improvements in entrepreneurial skills and confidence, validating the subject's integration. The study underscores the importance of entrepreneurship education in non-business disciplines and recommends curriculum enhancements, support mechanisms, broader implementation, and longitudinal research to optimize entrepreneurial readiness and drive innovation.

Strategic entrepreneurship in VUCA environment: the competing forces of outcome variability

Purpose Scholars have extensively studied the concept of strategic entrepreneurship (SE), shedding light on its antecedents, dynamics and outcomes. However, a notable gap exists in understanding the reliability of its performance implications, which explains the inherent risks as well as the possibility of yielding outliers (instances of exceptionally high or low performance). Addressing this gap, this study aims to present a detailed analysis of the implications of SE for the variance of resulting performance distribution. Design/methodology/approach This conceptual study uses the deductive theory-building approach to dissect the four dimensions of SE (entrepreneurial mindset, entrepreneurial leadership and culture, managing resources strategically and applying creativity and developing innovations) as presented by Ireland et al.’s (2003) model, offering theoretical propositions on how each of them influences the variability of resulting performance distribution. Findings This study demonstrates that the strategic entrepreneurship (SE) dimensions have distinct impacts on the reliability/variability of performance outcomes, acting as boosters or attenuators in the volatile, uncertain, complex and ambiguous (VUCA) context. Originality/value The study uniquely links each component of SE with outcome variability in VUCA environments, thereby shifting the focus from traditional performance metrics to outcome variability. This approach complements the existing body of knowledge on the performance implications of the SE construct by integrating a previously neglected critical perspective on the reliability of resulting performance distribution. These insights allow subsequent investigation of SE’s outcomes, including explaining the likelihood of obtaining positive outlier performance or firm failure.

Financial literacy as an important aspect in the area of business sustainability: the case of Slovak Republic

The essence of literacy is currently understood on a broader level. Emphasis is placed on functional literacy, which also includes financial literacy. Its level significantly affects a person’s standard of living. In the contribution, we are devoted to the investigation of this issue and the possibilities of increasing the level of financial literacy in the Slovak Republic. We will use theoretical and empirical scientific methods. We work with analysis, synthesis, induction, and deduction. Subsequently, empirical scientific techniques that work with concrete data and precise methods to achieve results will be used. In addition to explanatory methods, interpretative methods will also be used. According to the level of financial literacy of respondents based on the interview method, hypotheses are established. An analysis of individual answers and an analysis of the impact of financial literacy on young people’s interest in entrepreneurship will be carried out. The findings led to the definition of practically oriented conclusions, with an emphasis on the assessment of the level of financial literacy. Attention is also paid to incentives for young entrepreneurs. All proposals written in this chapter are designed with the intention of improving the level of financial literacy in Slovakia.

IMPACTS OF INNOVATION EVENTS ON THE DEVELOPMENT OF ENTREPRENEURSHIP SKILLS: A CASE STUDY OF CAMPUS PARTY BRASIL

This study investigates the impact of student participation in innovation events on the development of entrepreneurial skills, using Campus Party Brasil 2023 as a case study. The research adopts a qualitative and quantitative approach, combining primary data obtained through questionnaires applied to 25 students, with secondary data extracted from a literature review. Data analysis was conducted using Bardin's (2004) content analysis method, with pre-analysis and coding stages. Triangulation between primary and secondary data ensured the validity of the findings. The results indicate that innovation events provide a favorable environment for the development of skills such as problem-solving, creativity, leadership, and teamwork. The study advances the literature by offering empirical evidence that reinforces the importance of integrating practical experiences, such as hackathons and entrepreneurship marathons, into the formal entrepreneurial education curriculum. In addition, it highlights the role of these events in forming contact networks and expanding internship and employment opportunities for students, which is not widely addressed in previous studies. By examining the interaction between theory and practice in the development of entrepreneurial skills, this work contributes to a deeper understanding of how innovation events can complement academic training, providing an interdisciplinary education and preparing students for market challenges. The study suggests that the systematic inclusion of events, such as Campus Party, in educational programs can be an effective strategy to strengthen experiential learning and foster an entrepreneurial mindset.

Transforming Small-Scale Farm Entrepreneurship Through Innovation: the Case of Cross Link

The study focuses on the critical role of innovation, education, and technology in fostering agricultural entrepreneurship among youth, particularly in Sub-Saharan Africa. The research highlights the challenges and opportunities encountered in the intersection of traditional agricultural practices and modern technology. The purpose of the research is to bridge the gap in literature regarding young agricultural entrepreneurs in Ghana, providing a detailed case study that could serve as motivation for other aspiring small-scale farmers. The paper investigates the factors that contributed to the success of Cross Link Farms, including the educational background, networking, and mentorship received by the entrepreneur, as well as the practical application of innovative technologies such as smart incubators and hydroponic systems. This case-paper demonstrates the importance of entrepreneurial education that instilled a passion in a student to become the co-founder of a farm entrepreneurship startup. The paper applied a case study approach; data were collected through the usage of interview. The interview was recorded and transcribed. The data were analyzed interpretively. The main conclusions emphasize that innovation and technology, when coupled with a strong educational foundation and support system, are vital in transforming agriculture in Ghana and similar regions. Cross Link Farms serves as a model for how young entrepreneurs can leverage these elements to drive change, enhance food security, and contribute to rural development. The findings suggest that targeted policies and programs that foster entrepreneurial innovation in agriculture are essential for sustainable development in Sub-Saharan Africa. Based on the case-study findings, recommendations for future research include conducting empirical studies involving entrepreneurs in sub-Saharan countries to assess the role of curiosity, resilience and passion in their entrepreneurship journey.

Enhancing Digital Literacy in Balongdowo Village for MSMEs Development through Digital Application Training

The development of digital literacy is an important aspect in mastering digital marketing strategies, especially in the face of today's global competition, given the importance of digital literacy, the right product marketing strategy is needed to improve the digital competence of Micro, Small, and Medium Enterprises (MSMEs) through seminars and workshop assistance for UMKM entrepreneurs in Balongdowo village. The purpose of this community service activity is first to increase digital marketing knowledge and develop digital literacy of MSMEs business actors in Balongdowo Village, Candi District, Sidoarjo and the second is to implement Digital marketing applications (Istagram, Facebook, Sophee, Tokopedia platforms) through workshops and mentoring activities that focus on marketing village products involving resource persons who are experts in the field of digital marketing. The target of this activity is UMKM entrepreneurs and young entrepreneurs in the Balongdowo Village area. The results of this service activity show a significant increase in participants' knowledge and skills in utilizing technology to manage transactions and market MSMEs products. In addition, the participants were aware of the importance of digital security and ethics in the use of information. Overall, this activity succeeded in increasing the enthusiasm of UMKM actors to understand and apply digital marketing technology. And it is hoped that participants will be more prepared to compete positively, both at the local and national levels. In the future, it is hoped that continuous training can be held as a strategic step to ensure the sustainability of the use of technology in the management of MSME businesses in Balongdowo Village.