Entrepreneurial Success Research Articles

Opportunities and limitations of digital educational tools in shaping entrepreneurial mindset and competences

This paper examines the potential of digital learning environments in preparing future entrepreneurs through higher education. Despite historic doubts regarding the systematic teaching of entrepreneurial skills, in recent decades entrepreneurship education has distinctly evolved. Unlike conventional professions, entrepreneurship encompasses a diverse array of specific challenges in business creation and management. This makes it challenging to adopt a uniform educational approach. Hence, a blend of appropriate educational methods is essential. These range from inspiring learners through entrepreneurial narratives to fostering conceptual and practical skills for recognizing opportunities, validating business ideas, gaining knowledge and skills for managing processes and resources, and cultivating personal attributes crucial for entrepreneurial success. The paper critically evaluates the potential of digital learning environments in nurturing entrepreneurial competencies. This is achieved by juxtaposing the outcomes of existing theoretical and empirical studies on the utilization of digital tools in entrepreneurship education. The research aims to address crucial questions: what, how, and by whom should entrepreneurship be taught; the distinct advantages and limitations of various digital tools in fostering specific entrepreneurial competencies; and to what extent digital learning environments can enhance the overall effectiveness of entrepreneurship education, considering the extent of resources committed. The array of digital tools encompasses virtual learning environments, interactive communication channels, multimedia products, engaging learning content, and specialized software for practical activities. The research adopts an exploratory methodology, applying qualitative methods. An online questionnaire was conducted to explore the perspectives of current entrepreneurship students in two Bulgarian universities. The paper concludes that digital learning environments indeed have the potential to significantly enhance the overall effectiveness of entrepreneurship education. However, a discerning approach is essential when selecting the appropriate digital tools tailored to foster distinct entrepreneurial competencies, considering the specific stage of the entrepreneurial learning process. Different digital facilitators demonstrate varying degrees of efficacy in shaping the mindset and competencies of future entrepreneurs in determining entrepreneurial opportunities, cultivating relationships, conceptualizing, organizing, strategizing, and displaying commitment.

EXPLORING THE ROLE OF BOARD GAMES ON CULTIVATING ENTREPRENEURIAL MINDSETS IN YOUTH

This research paper explores the potential influence of board games on the development of entrepreneurial mindsets in children and young adults. With the increasing importance of entrepreneurship in today's economy, understanding the factors that contribute to cultivating entrepreneurial skills from a young age is crucial. Board games offer a unique and interactive platform that can potentially foster qualities such as strategic thinking, risk-taking, decision-making, and resilience, all essential for entrepreneurial success. Within the realm of board games, players are presented with multifaceted challenges that demand astute problem-solving, thoughtful planning, and calculated risk-taking—skills that are not only integral to entrepreneurship but also vital for success in various aspects of life. This paper examines existing literature on board games, entrepreneurship education, and cognitive development to provide insights into the relationship between board games and entrepreneurial mindsets and adopts a qualitative study design to investigate the phenomenon under investigation through interviews. The findings of the study show that board games serve as effective tools for nurturing the entrepreneurial spirit from a young age, offering a captivating blend of entertainment and education. Hence, utilizing the potential of board games in cultivating entrepreneurial skills represents a promising avenue for empowering the next generation of innovators, visionaries, and changemakers to shape the future of entrepreneurship and beyond.

An empirical definition of the role of education in business

Currently, the development of small and medium businesses is considered a key driver for the formation and growth of market economy, which is especially true for Russia, since the contribution of these types of businesses to gross domestic product is low. However, in the Russian Federation there are still no in-depth studies of the factors of entrepreneurial activity development, one of which is the level of education. This paper examines the impact of education, especially economic education, on success in entrepreneurship. The authors analysed data on Russian billionaires and found that one in three of them has a degree and only 3 % do not have a higher education, which is very different from the national average. Then, with the help of the counterparty reviewing service, an inspect of teachers from the Novosibirsk State University of Economics and Management (thereinafter referred to as NSUEM) was made on doing business, which showed the connection between the level of education, turnover and business net profit. The main result of the study is a sociological survey of the NSUEM teaching staff about doing business. It made possible to formulate a number of conclusions on the degree and nature of the influence of the education level on entrepreneurship. In particular, a comparison was conducted: assessments of the main factors hindering business progress, according to ordinary entrepreneurs from the survey provided by Synergy University, were compared to the answers of entrepreneurs of the current study.

How Does Uber Tie Together a Digital Economy and Technological innovation?

The business landscape has undergone a transformative era with the rise of the digital economy and technological innovation. Even traditionally stable industries have experienced disruptions. This abstract explores the remarkable journey of Uber, a company that has achieved household name status and become a Fortune 500 giant. From its modest beginnings to its current status as a multi-billion-dollar powerhouse, Uber serves as an inspiring example of technological progress, innovation, and entrepreneurial success in the digital age. The rise of Uber showcases the significant influence of technology on traditional sectors like transportation. With its groundbreaking platform, Uber completely transformed how people travel, posing a challenge to the long-established taxi industry. This article delves into how Uber utilized digital technologies to develop a convenient and efficient transportation service that revolutionized the entire industry. Through its success story, it exemplifies the potential for ambitious startups to disrupt established markets and prosper in today's dynamic digital economy.

CHALLENGES OF WOMEN ENTREPRENEURS – A STUDY IN UTTAR KANNADA DISTRICT

The economic development has changed the scenario of social and cultural environment within the country specially, for women. Studies also prove that rural sector women have engaged in small-scale entrepreneurship programme and turned as successful entrepreneurs. Government programmes for women entrepreneurship development associated with banks financial support and the Self-help Groups moment made women to turn as entrepreneurs. However there are several challenges to empower women as entrepreneurs. Still they have challenges which are case specific region specific in nature. This paper attempts to analyse such challenges of women entrepreneurs in Uttara Kannada district of Karnataka state. The main objective of the study is to identify the challenges associated with empowerment of women entrepreneurs. This paper is descriptive in nature and the analysis is based on secondary data and information collected from published articles, case studies, internet sources and review papers. Studies gives insights into main challenges faced by women entrepreneurs. The study posits the financial support by banks helps the women entrepreneurs to increase their income and support for economic development of the country by creating job opportunities. It is been found that government support, funding family support and technical knowledge are considered helpful to overcome these challenges.

Isu dan cabaran dalam pengurusan program bantuan modal zakat untuk usahawan asnaf

Zakat Capital Assistance Program (ZCAP) is a method employed to allocate zakat funds with the aim of enhancing the quality of life of the recipients. It entails providing financial aid without requiring the recipients to repay the funds. Despite the considerable advantages offered by this program, the number of applications for zakat assistance in the capital assistance category is comparatively lower than those for cash assistance. Consequently, the purpose of this research is to investigate the factors and challenges associated with the ZCAP from the perspective of both zakat officers and recipients. This study employs a qualitative approach, utilizing a structured interview tool to engage with the participants. Through interviews conducted with zakat officials and selected recipients, it was determined that attitudes, knowledge regarding financial records, and the structure of the ZCAP itself are among the influential factors that determine the success or failure of the program. The research findings indicate that the ZCAP has the potential to assist the asnaf, although there is room for improvement in order to achieve a more profound impact through this initiative. This study aims to provide valuable insights for the enhancement of the ZCAP implementation, ultimately fostering the emergence of successful Muslim entrepreneurs.

The Effect of Harmonious Passion on Work Satisfaction and Life Satisfaction through Work-Life Enrichment Among Entrepreneurs

Becoming a successful entrepreneur requires passion. Although there has been much research on passion, little has explored the role of passion in work-life enrichment and, in particular, its impact on entrepreneurial life and job satisfaction. This study aimed to examine the influence of harmonious passion on job satisfaction and life satisfaction through work-life enrichment among entrepreneurs. The research method used in this study is quantitative. The total number of respondents was 310 entrepreneurs. The sampling technique used was a purposive sampling technique with data collection methods in the form of a questionnaire. The results of the study show that harmonious passion has a direct effect on job satisfaction with work-life enrichment. However, harmonious passion has no direct impact on life satisfaction. Indirectly, harmonious passion influences job satisfaction and life satisfaction through work-life enrichment. This research adds to the existing body of knowledge by demonstrating that entrepreneurs’ work-life enrichment can mediate the relationships between harmonious passion and work and life satisfactions. Moreover, it also addresses a notable gap in entrepreneurial passion research, particularly in non-Western, emerging contexts, and represents the inaugural investigation of this subject matter in Indonesia.

Musk's Entrepreneurial Analysis with Tesla Asas an Example

This research aims to study the story of Musk and Tesla Inc., and the entrepreneurial lessons learned from their business success. Through case studies and literature reviews, the author can reveal the common characteristics and wisdom of successful entrepreneurs, and provide valuable inspiration for future entrepreneurs. Entrepreneurs need to constantly pursue innovation and try new ideas and technologies to maintain a competitive edge. What is equally important is the sustainability and the commitment to social responsibility that goes with it. Tesla's market capitalization has surpassed that of many traditional automakers, making it one of the most valuable car companies in the world. This reflects investors' optimism about the future potential of electric vehicles and their trust in Tesla's leadership.In addition, Tesla has successfully raised billions of dollars in capital markets to support the company's expansion and research and development projects, including the Gigafactory and the development of autonomous driving technology. This shows that investors are confident in Tesla's future growth prospects.

Observance of the rights and obligations of the parties to labor relations as one of the guarantees of ensuring the national security of Russia

This article examines the national development goals of Russia, which is aimed at achieving the National Security Strategy of the Russian Federation adopted in 2021. It is shown that with the variety of forms of implementation of the principle of freedom of work, it is the employment contract that most fully demonstrates the possibility of achieving the national goal of «decent, effective work and successful entrepreneurship». This is possible only if the rights and obligations of the parties to labor relations are respected, which in modern Russia is becoming one of the guarantees of ensuring its national security.And such guarantees in Russia for working citizens can only be fully provided by work under an employment contract.

The impact of successful intelligence, entrepreneurial personality, and social skills on sustainable entrepreneurship

The chance to start your own business is appealing when the labor market experiences a slump in the current crisis scenario. The factors that affect sustainable entrepreneurship were examined in this study. The factors contributing to an entrepreneur’s success, including successful intelligence, social skills, and entrepreneurial personality, were examined. In the causal relationship study, we used a questionnaire designed specifically for small and medium-sized business owners. We used multiple regression methods to analyze the data on a five-point Likert scale we collected. The findings demonstrate a strong positive relationship between entrepreneurial success, successful intelligence, and entrepreneurial personality. However, no connections between social skills and building a sustainable business have been made. The causes are rooted in culture. From the viewpoints of academics, practitioners, and policymakers, it has practical ramifications. Aspiring businesspeople can use the outcomes to guide their decisions. To better understand how personality factors affect the viability of recently created firms in emerging nations, this study is unique.

SOSIALISASI PERAN WIRAUSAHA MELALUI EDUKASI KEWIRAUSAHAAN PADA IBU-IBU ANGGOTA PEMBINAAN KESEJAHTERAAN KELUARGA (PKK) DALAM MENINGKATKAN PEREKONOMIAN KELUARGA DI DESA

: Community Service is one of the activities carried out by academics to provide knowledge to the community which can be implemented both socially and economically. The Lapeo Village PKK group has some potential to produce local products that can have sales value. Through this community service training, the aim is to provide entrepreneurial outreach to PKK administrators and members in order to provide knowledge that can be applied to businesses run by PKK women in Lapeo Village. The Lapeo Village PKK group faces several problems, especially regarding knowledge of starting a business properly and correctly. The first problem faced is a lack of knowledge about entrepreneurship itself. The second problem is the lack of knowledge about the stages and processes of entrepreneurship which must be understood by every mother who is interested in doing business. The third problem is a lack of knowledge about the factors of success and failure in entrepreneurship that must be anticipated and understood by every entrepreneur and mother who is interested in doing business. The solutions offered in community service activities are 1) Increased understanding of entrepreneurship, especially for women who are administrators and PKK members of Lapeo Village, to maximize and increase the spirit of entrepreneurship in Lapeo Village. The proposed activity plan is 1) Preparation stage, 2) Socialization of the Role of Entrepreneurs through Entrepreneurship Education for Mothers, Members of Family Welfare Development (Pkk) in Improving the Family Economy in Lapeo Village, District. Campalagia

Intersectoral collaboration for the development of rural entrepreneurship in Latin America and the Caribbean

In a context where sustainable rural entrepreneurship is gaining increasing importance for the socioeconomic development of Latin America and the Caribbean, this study focused on analyzing the role of intersectoral collaboration as a driver of such development. Through a meticulous qualitative methodology that included document review and descriptive analysis, the dynamics of cooperation between governments, companies, NGOs, and local communities were explored, demonstrating their potential to overcome barriers to rural entrepreneurship. The results highlight the need for specific educational policies, the promotion of gender equality in entrepreneurship, and the importance of innovation and institutional support. It was also shown how these collaborations facilitate the overcoming of obstacles, promote innovation, and enhance socioeconomic development, aligning with the goal of understanding how intersectoral collaboration significantly contributes to sustainable rural entrepreneurship. The most relevant conclusion emphasizes intersectoral collaboration not only as a complement but as an imperative need for the success and sustainability of rural entrepreneurship, opening a wide range of opportunities for development and well-being in the region.

Strategic alliances as an entry point to achieving entrepreneurial success

In light of the rapid changes in the business environment and the increased intensity of competition, it is difficult for companies to maintain their market position and the sustainability of their business. Therefore, all these changes affect companies as the competition in the past was between the company and another company. However, the way of competition in our world today has changed in a way that a group of companies competes with another group of companies. Hence, the current study aims to address strategic alliances as an entry point in achieving entrepreneurial success, as one of the modern and important topics in the business world resulting from rapid developments and global openness based on transcending geographical boundaries in today's world. The impact of the dimensions of strategic alliances in achieving the pioneering success of commercial companies were investigated. The research field includes commercial companies in the Dohuk governorate in the Kurdistan region. The research sample was selected from managers in senior management and middle management for a number of companies, which amounted to (60) individuals for data collection purposes. Data analysis was performed for the field side using the statistical software (SPSS V26). The results of the research revealed that strategic alliances have a role in achieving entrepreneurial success and recommended the need to pay attention to the types of alliances that would enhance entrepreneurship in commercial companies.

Entrepreneurial Success Examined through Social Capital and Entrepreneurial Competence among MSME Operators in the PTB Tourist Attraction in Maros City

One area in South Sulawesi Province, precisely in the capital city of Maros Regency, has a downtown tourist attraction known as "Pantai Tak Berombak" (PTB), which stands as one of the iconic landmarks of the Regency. In this tourist attraction, many Micro, Small and Medium Enterprises (MSMEs) operate. These business operators play an important role in the success of their ventures, as they are the driving force behind business operations. Many factors are associated with influencing entrepreneurial success. Among these factors are aspects derived from the entrepreneur himself, including the social capital possessed by the business operators and their entrepreneurial competence. This research will be carried out at PTB (Undulating Beach) Maros City with an estimated time of 12 months. The population in this study of all MSME actors in PTB tourist attractions amounted to 165 MSMEs and to obtain samples, sampling was carried out using simple random sampling techniques. The sample in this study was 117 MSMEs located in the PTB area of Maros City. For research data collection instruments using questionnaires, this technique uses a likeart scale. The results showed that: 1) the picture of social capital is generally categorized as low, the picture of entrepreneurial competence is generally categorized as high and the picture of entrepreneurial success is generally categorized as high. 2) the simultaneous influence of social capital and entrepreneurial competence on entrepreneurial success in MSME actors in PTB Maros City tourist attractions, the magnitude simultaneously is 41%. 3) there is a positive and significant influence of social capital on the success of entrepreneurship in MSME actors in PTB Maros City tourist attractions, and 4) there is a positive and significant influence of entrepreneurial competence on entrepreneurial success in MSME actors in PTB Maros City tourist attractions.

Creative Industries’ Entrepreneurial Success: Social Capital, Networks, and Internationalization Strategy

The purpose of this study is to explain the success factors of business ventures in creative industries. By analyzing three types of festivals in three countries through the perspectives of entrepreneurial success, internationalization, and management, the paper explains how business ventures in creative industries from developing economies mobilized key factors to succeed. The study particularly focuses on identifying the types of partners, channels, and strategies that entrepreneurs in creative industries mobilized to achieve international success. Using data from publicly available online sources to categorize important factors for success, the paper argues that social capital-based view may explain success in creative industries better than resource-based or knowledge-based views although the combination of the three perspectives is deemed necessary. Founders’ personal social capital (connections and networks) appeared particularly important for entrepreneurial success in creative industries. The importance of social capital is perceivable in national and international success and is also applicable, to some degree, to the contexts of both developing and developed economies.

Pengelolaan Pendidikan Dan Kewirausahaan Dalam Pendidikan Agama Islam

Islamic Religious Education is considered the main pillar in shaping the character of Muslims; however, in the era of globalization, entrepreneurship has become essential. The integration of entrepreneurship enables students to connect religious values with the real world, develop self-potential, and become agents of positive change. Inclusive management of Islamic religious education towards entrepreneurship is not only a necessity but also a challenge to create innovative curricula. This study employs a qualitative descriptive method through a literature review approach to examine the management of education and entrepreneurship in Islamic religious education. The goal of Islamic Religious Education is to shape individuals with profound knowledge of Islamic teachings, capable of applying them in daily life, fostering love and obedience to Allah SWT, imparting Islamic values and ethics, and encouraging critical, analytical skills, and entrepreneurial spirit. Entrepreneurship in Islamic religious education aims to mold a younger generation of Muslims who can become successful entrepreneurs and are morally and ethically responsible. The integration of entrepreneurship involves teaching entrepreneurial values and principles, as well as developing entrepreneurial skills such as creativity and management. A conducive environment for entrepreneurship, including the empowerment of micro, small, and medium-sized enterprises (UMKM), training, mentoring, access to financing, and incentives for entrepreneurs, is deemed essential. By integrating entrepreneurship into Islamic religious education, it is expected that students can prepare themselves to face the challenges of the job market and contribute to the welfare of society.

Intersectionality of place and race: entrepreneurial performance of Arab citizens of Israel

PurposeThe objective of this study is to understand how Arab entrepreneurs in Israel redress the disadvantage of the intersectionality of place and race by setting up their businesses in markets beyond their ethnic enclaves as well as by pursuing opportunity entrepreneurship and the role human values play in this process.Design/methodology/approachUsing the portrait value questionnaire, a survey of Arab entrepreneurs in Israel was conducted. Multiple linear regressions were run to generate the findings.FindingsThe authors find that educated and non-conforming Arab men in Israel, driven by stimulation and universalism, successfully neutralise the intersectional disadvantage of place and race through entrepreneurship.Research limitations/implicationsCare is advised in the generalisation of findings of this research to other intersectional communities as they emerge from the unique context of Arab entrepreneurs in Israel.Practical implicationsEducation, stimulation and universalism facilitate entrepreneurial success beyond Arab ethnic enclaves whereas conformity suppresses it.Social implicationsWith the right attributes and values, marginalised individuals can emerge from the disadvantage of the intersectionality of place and race.Originality/valueThe study advances the intersectionality discourse from “what it is” and “what it does” to “what can be done about it”. It identifies the attributes and values that help Arab entrepreneurs in Israel to remedy their intersectional disadvantage.

Shaping contexts through entrepreneurship: a micro-historical analysis of Hongbang entrepreneurs in China (1896-1949)

Purpose The purpose of this study is to address a significant gap in the understanding of entrepreneurship at the microfoundation level. It focuses on how individual entrepreneurs, specifically Hongbang entrepreneurs in China from 1896 to 1949, shape and transform their contexts. The aim is to provide a deeper understanding of the mechanisms that facilitate entrepreneurial success. Design/methodology/approach The study adopts a microhistorical approach, investigating the case of Hongbang entrepreneurs in China during 1896-1949. It involves an in-depth examination of historical records to explore the strategic interactions between these entrepreneurs and core stakeholders such as consumers, financial intermediaries, government regulators, and human resources. The research methodology emphasizes a process-oriented view, examining the evolution of personalized networks into extensive connections. Findings The research reveals that Hongbang entrepreneurs successfully reshaped their unfavorable embedded contexts by strategically collaborating with key stakeholders. They influenced consumer tastes, allied with financial intermediaries, negotiated with governments on regulation policies, and developed human resource stocks. The transformation was facilitated by the evolution of their networks from personalized to extensive connections. These findings highlight the localized strategies such as cronyism in resource acquisition within China’s private property development industry. Originality/value This study contributes to the field by offering insights into entrepreneurial contextualization and networking. It sheds light on the complex interplay between entrepreneurs and their contexts, providing a nuanced understanding of localized strategies in the Chinese context. The findings add value to the discourse on entrepreneurship by elucidating the strategic and processual acts through which entrepreneurs engage with stakeholders and reshape their environments.

Innovativeness and Entrepreneurial Success in Agricultural Sector: An Overview of the Literature in Developing Countries

Business success is often attributed to the profile of the entrepreneur, the characteristics of the business and its environment. In most of developing countries, interventions to promote entrepreneurship are typically limited to the provision of finance and coaching to build business capital and management skills. These interventions have shown mixed results as only few young enterprises last more than five years, suggesting the need to explore other drivers of entrepreneurial success. This review adds a contribution on the role of innovation in the performance of agricultural enterprises through a synthesis of the existing literature on the importance of innovation in entrepreneurial success. Our results highlight that young agricultural entrepreneurs face several challenges, including the perception from their pairs/community, limited access to production resources, climate change, poor access to technologies and market, lack of management skills, and lack of appropriate policy support. Their innovativeness depends on their ability to mobilize livelihoods assets such as financial capital, social, human and symbolic capitals. Ultimately, innovativeness allows young entrepreneur to tap into livelihoods assets-related opportunities to ensure the competitiveness and further the success of their business. We also elaborated a framework to analyze entrepreneurial performance in the agricultural sector.

LAW OF ATTRACTION PADA PENGUATAN USAHA BISNIS PEREMPUAN MUSLIM DI MAKASSAR

The difficulties of Muslim women entrepreneurs in becoming successful can be reduced easily when they master an understanding of the law of attraction based on the Al-Qur'an. There is a lot of data that currently women have a significant and important role in supporting the economic life of their families and regions. This study was conducted to explore the meaning of the law of attraction that Muslim women have as successful entrepreneurs. The method used is a case study approach. Data was obtained through in-depth interviews with three successful Muslim women entrepreneurs in the Bone area of ​​Makassar, South Sulawesi, in the fields of traditional culinary, Muslim clothing and residential property. Meanwhile, the theoretical framework implements the law attraction approach as part of the concept of intrapersonal communication. The research results were analyzed by involving the concept of law attraction and the Al-Qur'an perspective as well as hadith on concepts, namely: like attracts like, nature abhors a vacuum, and the present is always perfect. Descriptions from three sources in applying the law of attraction indicate that the way of thinking (mindset) internalized by Muslim women entrepreneurs in Makassar is a strong guide in achieving success supported by an approach to the Al-Qur'an which contains many essences about the need to be a strong and always dependent Muslim to Allah SWT according to each individual's potential, capacity and capability. So that women can be strong and independent to become economic pillars, both in their families and their respective regions.