Entrepreneurship Research Articles

Dynamic effect of critical success factors of SMEs on entrepreneurial performance via e-commerce performance

This study examines the critical success factors (CSFs) that influence the adoption of e-commerce platforms by small and medium-sized enterprises (SMEs) and see how the adoption affects the SMEs' subsequent entrepreneurial performance. Building on the technology-organization-environment (TOE) and theory of entrepreneurial competency (TEC), the study presents and evaluates a comprehensive model that considers CSFs components as well as the moderating effect of entrepreneurial competencies. Convenience sampling was used to gather data from a survey of Bangladeshi SMEs using a standardized questionnaire; structural equation modeling (SEM) was then used to analyze 384 valid samples. Empirical findings indicate that CSFs elements, particularly organizational and external factors, have a significant association with e-commerce performance. The study also presents and supports the idea that entrepreneurial competencies have a moderating influence on the link between overall entrepreneurial performance and e-commerce performance. The findings contribute theoretically by outlining key influencers of e-commerce and entrepreneurial performance offering insights for young entrepreneurs and future researchers. It underscores the importance of focusing on CSFs for ensuring business success. Notably, the research emphasizes the pivotal role of entrepreneurial competencies for young entrepreneurs and SME owners providing practical insights for enhancing personal qualities and decision-making abilities to ensure entrepreneurial success in the dynamic e-commerce industry.

ENTREPRENEURIAL INTENTION AMONG UNIVERSITIES STUDENTS: A GLOBAL REVIEW

The aim of this paper is to analyze the entrepreneurial aspirations of university students. Additionally, it investigates the moderating influence of entrepreneurial support systems on the relationship between entrepreneurial intentions. and factors that may affect students' inclination towards entrepreneurship. This research employed a literature-based methodology, gathering secondary data exclusively from the Emerald journal pertaining to university students. The results indicated that students' entrepreneurial intentions play a crucial role in fostering an entrepreneurial mindset among university students, leading them towards entrepreneurship. Furthermore, the inclination towards entrepreneurship is reinforced by the intention to pursue entrepreneurial endeavors, with a significant impact observed from educational support ,relational support, self-efficacy and desirability and feasibility. The study focused on exploring how university students transitioned into entrepreneurs and how fostering entrepreneurial intentions could benefit them on a global scale. KEYWORD- Entrepreneurship, Entrepreneurial intention, University Students.

The determinants of purchase decision towards among generation z via tiktok for health products of small and medium entrepreneurs

The determinants of purchase decision towards among generation z via tiktok for health products of small and medium entrepreneurs

The Influence of Financial Literacy on Investment Decisions Through Locus of Control Based on Gender (Case Study on Young Gen-Z Entrepreneurs)

The Influence of Financial Literacy on Investment Decisions Through Locus of Control Based on Gender (Case Study on Young Gen-Z Entrepreneurs)

Peran Pendidikan Kewirausahaan Terhadap Kesiapan Berwirausaha pada Peserta Didik SMKN Sukaresik

Entrepreneurship education plays a major role in increasing the number of entrepreneurs in Indonesia. Because entrepreneurs create jobs for other in addition to themselves, the unemployment rate may decline as their numbers rise. Students must therefore be ready for entrepreneurship. Understanding the entrepreneurial mindset and preparedness of SMKN Sukaresik students is the aim of this study. The study discovered that while unemployment is rising, students are not as prepared for entrepreneurship. This result from the inadequate application of entrepreneurship education in the educational setting. The purpose of the study was to determine how education affected the entrepreneurial readiness of SMKN Sukaresik students. This study combined descriptive and verification methods with quantitative method. The research population consisted of 102 SMKN Sukaresik online business and marketing majors. The Slovin formula was used to generate a sample of 50 responders. The findings demonstrated that entrepreneurship education has a positive impact on SMKN Sukaresik students’ entrepreneurial readiness. A coefficient of determination of 0,555 indicates that entrepreneurship education has a 55,5% impact on entrepreneurial readiness, while 44,5% is attributable to other factors not included in the study.

Examining the level of Entrepreneurship education and development within the South African higher education: Towards entrepreneurial university

In response to unemployment and socio-economic challenges in the South Africa's higher education institutions introduces entrepreneurship education (EE) with the aim to create sustainable job opportunities. However, higher education (HE) struggles to integrate EE within the university programmes and make it as practical as possible. Furthermore, fostering entrepreneurial mindset and intentions among students is not an easy task. The primary objective of this conceptual paper is to examine the level of entrepreneurship education and entrepreneurial intentions among the students within the South African higher education. We used qualitative case study methodology, to purposive select 30 articles using a google scholar search engine. The paper was driven by three research questions, namely, what is the level of entrepreneurship education among students in South African higher education? What are the entrepreneurial intentions of these students? Does the design of the EE curriculum foster students' entrepreneurial mindset and intentions? The findings identified a need to curriculum transformation that integrate EE across various disciples; not just a stand-alone module that fails to foster a broad-based entrepreneurial mindset. Furthermore, the findings shows that policy support and infrastructural development should be geared towards the growth and sustainability of EE programs and launching of innovation hubs and other support structures within universities to provide practical EE experiences.

Does Entrepreneurship Education Matter for Students’ Business Success? The Mediating Role of Entrepreneurial Mindset

Over the recent past, entrepreneurship has become an increasingly popular topic. Many individuals are interested in becoming entrepreneurs and developing their businesses. However, not everyone has the skills to be a successful entrepreneur. There are several elements that can have an impact on business success, one of which is having an entrepreneurial mindset. The purpose of this paper is to determine the role of entrepreneurial mindset in mediating entrepreneurship education on student business success. The research data used is primary data by distributing questionnaires to respondents. The population in this study were students of the Faculty of Economics and Business Sciences, Pelita Bangsa University. The sample in this study was using Non-Probability Sampling. The sample used in this study were 100 respondents using the nonprobability sampling method, namely accidental sampling, which is a sampling technique based on chance, anyone who by chance / incidentally meets the researcher can be used as a sample if it is deemed that the person who happened to be met is suitable as a data source. In this study, the data analysis techniques used were descriptive analysis techniques and inferential analysis techniques using Partial Least Square (PLS) analyzers. According to the research results, entrepreneurship education and entrepreneurial mindset significantly affect students' business success.

The effect of manager's profile on the social innovation in Cameroonian industrial companies

The aim of this research is to highlight the role of manager's profile in the adoption of social innovation in industrial companies. It has used a quantitative methodology, with a questionnaire administered to 176 managers of Cameroonian industrial companies. The results of the hypotheses tests were derived from the multifactorial ANOVA and multiple linear regression analyses. The results show that among the sociodemographic profile variables, only the level of education and experience of the managers have a significant effect on social innovation, unlike gender and age which have no effect. In addition, the manager's personal values contribute to the adoption of social innovation through his ethical values and community ownership. The study therefore offers relevant implications for managers and owners of industrial companies who aspire to consider social innovation in their offerings to meet profitability objectives and create positive social impact.

A community development approach for regenerative tourism in the Nordics: lifestyle entrepreneurs towards a placed-based research agenda

PurposeThe purpose of this conceptual paper is to explore the potential of regenerative tourism practices and their influence on destinations and their stakeholders from a community development approach focusing on Nordic lifestyle entrepreneurs. We focus on small and micro-sized enterprises (SMiEs) that conform to the realities of tourism systems in Nordic regions.Design/methodology/approachWe explore how community development can be used as an approach for regenerative tourism and vice versa. Our conceptual paper builds from recent work of the Nordic Regenerative Tourism project, which aims to develop place-based practices for SMiEs that contribute to the regeneration of natural and cultural resources.FindingsRegenerative tourism research should focus on developing tools that aid in capacity sharing and equitable partnerships through a community development approach. However, there is a lack of understanding of the processes of how to implement this in real world practice. More research is needed in developing tools to mobilize Nordic communities, particularly within the countryside to help transform tourism towards a regenerative model. It was found that much of these efforts comes from MSMEs. Therefore, more case studies are needed to understand how and why lifestyle entrepreneurs play in community revitalization efforts and the potential linkages with regenerative tourism management and marketing.Originality/valueThis conceptual paper contributes to the discussion of regenerative tourism and focus on smaller countryside communities within the Nordics. We argue that community development is linked with the concept of regenerative tourism through lifestyle entrepreneurs.

Inovasi Pendidikan Wirausaha Sosial, Upaya Pemberdayaan Masyarakat (Studi Kasus Implementasi Inovasi Pendidikan Wirausaha Sosial Melalui Pelatihan Pembuatan Sabun Alami)

The integration of practical experience, interdisciplinary approaches, and the cultivation of an entrepreneurial mindset are important components in the evolution of social entrepreneurship education. The aim of writing this article is to determine the improvement in the quality of training through social entrepreneurial innovation and the availability of resources as an effort to empower the community (case study of the implementation of social entrepreneurial educational innovation through natural soap making training). This activity involves several campuses and prospective entrepreneurs from the East Medan Village Women's group, held at the East Medan Village PKK park on Tuesday 14 May 2024, from 08.00 to 08.00. finished. Activities carried out begin with providing theory followed by direct practice on the spot. The results obtained are proven educational innovation through innovative training, practical experience such as making natural soap, and a comprehensive understanding of the principles of social entrepreneurship can enrich social entrepreneurship education. By implementing this approach, educational institutions can empower students or prospective entrepreneurs to become effective agents of change in overcoming complex social and environmental challenges.

MODERASI KEBIJAKAN DIVIDEN DALAM MEMPENGARUHI PROFITABILITAS DAN LIKUIDITAS DALAM MENINGKATKAN NILAI PERUSAHAAN PADA PERUSAHAAN LQ45 YANG TERDAFTAR DI BEI TAHUN 2019-2022

The ultimate goal desired and achieved by a company is to obtain the maximum profit (profit) because to maintain the survival of a company. Profitability has many benefits, especially not only for company owners but also for parties outside the company. The purpose of this study was to determine the effect of dividend policy in moderating profitability and liquidity on firm value. The sampling technique used in this research is Purposive Sampling. The population in this study were LQ45 companies listed on the IDX in 2019-2022. Data analysis and hypothesis testing in this study used the Structural Equation Model - Partial Least Square (PLS-SEM). The results of direct influence hypothesis testing using the Smart PLS 3.0 application, show that Profitability has a negative but insignificant effect on Firm Value, Liquidity has a negative but insignificant effect on Firm Value, Dividend policy positively but insignificantly moderates (weakens) the effect of Profitability on Firm Value, Dividend policy positively but insignificantly moderates (weakens) the effect of Liquidity on Firm Value.

Entrepreneurship Education: Fostering the Entrepreneurial Spirit of Higher Education Tarbiyah Faculty Students in Aceh

Entrepreneurship education is oriented towards offering concepts to develop interest, train, and form business actors. Therefore, the purpose of this study is to identify the concept of entrepreneurship education developed in the Tarbiyah faculty of higher education in Aceh, to describe the process of implementing entrepreneurship education in fostering the entrepreneurial spirit of higher education Tarbiyah faculty students at Aceh. This research uses a qualitative method where the researcher thoroughly examines the facts at the research location according to the focus of the problem, by researching directly at the research location, then the data from the analysis is presented and a discussion of data collection techniques through observation, interviews, and documentation is given. The results of this study indicate that the concept of entrepreneurship education developed in Tarbiyah faculty colleges in Aceh is by providing entrepreneurship education materials and practices so that students have the spirit and additional skills needed after students graduate so that they are able to become entrepreneurs independently. The implementation of entrepreneurship education in lectures to foster an entrepreneurial spirit for Tarbiyah faculty students is carried out through a learning process of direction and example. Entrepreneurship learning is carried out by providing practical material so that students can have more experience and have a good entrepreneurial mentality. Practices include thinking about what to sell, making business products directly, selling and marketing products online or offline. The obstacle is the lack of funds and facilities available to support student practical activities.

Empowering Entrepreneurial Competencies and Mindset in Teacher Training

The article aims to identify the teacher students’ experiences regarding entrepreneurship education in pre-service training to empower the development of the entrepreneurial mindset of future teachers. Estonia belongs to one of the few countries in Europe where entrepreneurship education is a compulsory topic in pre-service teacher education. To frame entrepreneurial studies for future teachers, the competence model was created. Based on literature relating to entrepreneurial education and teacher’s competence model, qualitative research was conducted. Data was collected from 24 in-depth interviews with the teacher students. Inductive content analysis is used as the method of data analysis. The paper argues that addressing transferable competencies (e.g., creative thinking, teamwork and communication skills, self-management) is crucial for promoting entrepreneurial mindset and engagement of teacher students. When planning the content of entrepreneurial studies, experiential learning, authentic assignments, collaborative and reflective methods are the most potential to have an impact on meaningful learning. Teacher students evaluate these activities as motivationally challenging and essential for developing an entrepreneurial mindset. The results of the study are valuable for designing entrepreneurial studies module and integration of entrepreneurial competence as a cross-curricular theme in pre-service teacher education.

Effects of alcohol abuse on involvement of youth in productive economic activities in Baringo Central Sub-County, Kenya

This study sought to analyse the effects of alcohol abuse on youth involvement in productive economic activities in Baringo's central sub-county, Kenya. The issue of alcohol abuse among youth is pervasive globally, with approximately 30 per cent of adolescents engaging in binge drinking, leading to severe consequences for health systems, economic productivity, and social stability. In Baringo Central Sub-County, approximately 40 per cent of the youth engage in regular alcohol consumption, presenting a critical public health issue. This study aimed to assess the effects of alcohol abuse on youth involvement in productive economic activities, including crop farming, animal herding, entrepreneurial activities, and formal employment. The researchers utilised a cross-sectional descriptive research design to collect data from youth aged 18-35 using structured questionnaires and in-depth interviews. The findings revealed that 66 per cent of respondents reported missed farming deadlines, 69 per cent indicated neglect of livestock, 69 per cent of young entrepreneurs reported reduced motivation, and 70 per cent of respondents in formal employment reported increased absenteeism due to alcohol abuse. These results underscore the urgent need for targeted interventions such as comprehensive awareness programs, enhanced access to rehabilitation services, and stricter regulations on alcohol sales to address alcohol abuse and support the socio-economic development of youth in Baringo Central Sub-County. The study contributes valuable insights into the socio-economic effects of alcohol abuse, informing policymakers and stakeholders about the necessary measures to mitigate these impacts and promote sustainable development.

How does a subsequent entrepreneurship career choice develop? A set-theoretic analysis testing hope theory

ABSTRACT This research explores the complex mechanism leading to a subsequent entrepreneurship career choice (SECC), whether perceived as a failure or not. It mobilizes the theory of hope (via the role of optimism and grit) and the components of the theory of planned behavior (attitude, subjective norms, and self-efficacy). The study involved 48 previous entrepreneurs not currently in the reentry process. A fuzzy-set qualitative comparative analysis was used. Results reveal that the entrepreneurial attitude forged through first-hand experience is the most critical element in understanding an SECC. Optimism can substitute for this attitude, and grit plays a lesser role, as do the other variables. This study underscores the central role of attitude and optimism in explaining entrepreneurial career persistence, transitioning from a novice to a serial entrepreneur, with grit playing a somewhat secondary role. Configurational approaches prove essential to understanding entrepreneurial intention, notably for an SECC.

Entrepreneurship as a Source of Employment to Youth in India and the Role of Government and Educational Institutions in Shaping the Entrepreneurial Mindset

Entrepreneurship as a Source of Employment to Youth in India and the Role of Government and Educational Institutions in Shaping the Entrepreneurial Mindset

Developing an Entrepreneurial Mindset in Youth: Investigating Locus of Control and Self-Efficacy among Students of Pringsewu Business Management Vocational School

The objective of this research is to investigate the Locus of Control and Self Efficacy among students in developing their entrepreneurial mindset in their Youth. Unemployment and poverty remain significant issues faced by the people of Indonesia both currently and in the coming years. The persistent high unemployment rate in Indonesia continues to be a pervasive problem. This study used a quantitative research design, employing both exogenous and endogenous variables, as well as moderator variables that either strengthen or weaken the relationship between the variables. The research was conducted at Vocational High School (SMK) in Pringsewu Regency during the 2023/2024 academic year's even semester. The study's population consisted of all class XI students majoring in business management at vocational schools across Pringsewu Regency, with a total of 114 students at each school. The sample size was determined using the Slovin formula, with a population of 89 students and a significance level of 0.05. The results showed that research was conducted on 73 students who obtained the results that locus of control had an effect on entrepreneurial intentions as seen in the tcount for the variable locus of control (X1) of 2.993 > ttable (1.667) with a probability value (sig.) of 0.004 < 0.05 with Thus, H0 is rejected and Ha is accepted, which means that the locus of control variable (X1) has a positive and significant effect on entrepreneurial intentions (Y). Self-efficacy influences entrepreneurial intentions as seen in the tcount for the self-efficacy variable (X2) of 4.132 > ttable (1.667) with a probability value (sig.) of 0.000 < 0.05, thus H0 is rejected and Ha is accepted, which means that the self-efficacy variable (X2) has a positive and significant effect on entrepreneurial intentions (Y).

Redesigning the capital budgeting process to support large firm growth: a case for the entrepreneurial mindset

Purpose This paper aims to argue that important elements in the capital budgeting process are either undervalued or not considered and are a significant reason for both low and slow growth in large firms. Adopting an entrepreneurial mindset in conjunction with a portfolio approach based on different types of innovation to allow for growth projects to enter the process and be evaluated for possible selection are outlined as an alternative to strengthen the capital budgeting process. Design/methodology/approach Concepts and processes drawn from the finance, economics and entrepreneurship literature are used to form a proposed new approach to the capital budgeting process. Findings Only a handful of large firms even achieve returns more than their cost of capital. This manuscript argues that the reason for the lack of growth is a function of a capital budgeting process that does not allow the full spectrum of risk projects because of behavioral factors. This manuscript further proposes a portfolio approach that would allow for all projects to be fairly considered and aligned with stakeholder interests. Originality/value The current literature tends to focus on the financial evaluative aspect of the capital budgeting process. The void in the literature is with other aspects of the capital budgeting process both in terms of currency and in pursuing alternative explanations for the reasons the full risk spectrum of projects is not considered.

The impact of entrepreneurial alertness on the performance of youth-owned enterprises

Background: A lack of profitability attributes to 23% of business failures, which in turn, stems from young entrepreneurs’ inability to recognise and discover profitable business opportunities. Enhancing entrepreneurial alertness (EA) can play a crucial role in identifying and evaluating lucrative business prospects.Aim: The aim of this paper is to examine how entrepreneurial alertness (EA) impacts the business performance of youth-owned enterprises in South Africa.Setting: The paper focussed on registered and unregistered youth-owned businesses operating in various sectors in South Africa.Methods: This study was conducted by distributing self-administered questionnaires to youth entrepreneurs who run registered and unregistered businesses. A quantitative research approach was adopted using simple random sampling to collect primary data. A sample size of 126 youth entrepreneurs was attained, and multiple regression was used to test the study hypotheses.Results: Entrepreneurial alertness measured using evaluation and judgement dimensions were found to have a direct impact on enterprise profitability and subsequently lead to overall enterprise performance. The results further showed that scanning and search, and association and connection dimensions do not have an impact in any of the enterprise performance indicators.Conclusion: South African youth entrepreneurs do not associate alertness to enterprise performance when alertness is measured by scanning and search, and association and connection.Contribution: The study reveals that alertness measured by evaluation and judgment has an impact on enterprise performance and that alertness can be used to mitigate failures of youth-owned enterprises. The study recommends that business performance must be measured by innovativeness rather than profitability since alertness impacts innovativeness more.

Hotate (Patinopecten yessoensis) Seeding Technique using Zabutonkago and Marukago Tools with Hanging Method in Funka Bay Hokkaido, Japan

This research focuses on cultivation techniques for Hotate shellfish (Patinopecten yessoensis) during the hatchery phase in Funka Bay, Hokkaido, Japan. Hotate scallops are also called giant ezo scallops, these scallops are cultivated in Japan because they have relatively high productivity. This research aims to determine the best seeding technique for mussels (Patinopecten yessoensis) using the hanging zabuton-kago and maru-kago media. The research method uses observation and interviews with company owners. The results show that the technique for seeding Hotate shellfish (Patinopecten yessoensis) using pearl nets and lantern nets from May to September was carried out in 3 processes, namely chigai, kari-bunsan, and hon-bunsan. The method used is to sort the shells repeatedly until they reach a size of 50 mm – 70 mm during the mimizuri process in March. The hatchery process for cultivating Hotate shellfish can provide the basis for valuable information for sustainable management and maintenance in the future.