Week 43: M.Gelderen 2008 ; Entrepreneurial Intentions Flashcards
What is the paper about?
The paper investigates the factors influencing entrepreneurial intentions among business students, using the Theory of Planned Behavior (TPB) as a framework. It explores how attitudes, perceived control, and social norms affect students’ intentions to start a business.
How does the paper define entrepreneurship?
Entrepreneurship is defined as both starting one’s own business and a work attitude emphasizing self-reliance, initiative, innovativeness, and risk-taking. It relates to career concepts such as protean career, boundaryless career, and post-corporate career.
What are the three career concepts linked to entrepreneurship, and what do they mean?
Protean Career: Individuals are responsible for their career decisions, relying on adaptability.
Boundaryless Career: Careers are not confined by organizational boundaries, emphasizing independence.
Post-Corporate Career: Focuses on self-employment and entrepreneurship outside large organizations.
What is the Theory of Planned Behavior (TPB)?
A framework that predicts entrepreneurial intentions based on perceived behavioural control and subjective norms.
What are the three components of TPB
Attitudes: Beliefs about the positive/negative outcomes of entrepreneurship.
Perceived Behavioral Control (PBC): Confidence in one’s ability to start a business.
Subjective Norms: Influence of social pressures from family, friends, and society.
What were the two main predictors of entrepreneurial intentions identified in the study?
Entrepreneurial Alertness: The ability to recognize business opportunities.
Financial Security: Concerns about financial stability negatively impacted entrepreneurial intentions.
How do social norms affect entrepreneurial intentions?
Positive perceptions and support from family, friends, and significant others increase the likelihood of students intending to become entrepreneurs.
What practical steps can educational institutions take to enhance entrepreneurial intent?
Enhance Entrepreneurial Alertness: Through idea generation exercises.
Reduce Financial Insecurity Fears: Teach risk mitigation strategies like bootstrapping.
Build Self-Efficacy: Offer targeted training programs to improve confidence and capabilities.
What examples from the paper illustrate entrepreneurial intentions?
Creativity and Perseverance: Students with higher ratings in these areas were more likely to pursue entrepreneurship, showing the importance of self-belief.
Wealth Expectations: Some students linked entrepreneurship to wealth creation, while others preferred job security, showing differing motivations.
What conclusions does the paper draw about entrepreneurial intentions?
The paper concludes that TPB is effective in explaining entrepreneurial intentions. Entrepreneurial alertness and concerns about financial security are the most significant predictors. Educators should focus on opportunity recognition and risk mitigation to foster entrepreneurship.
What is entrepreneurial alertness, and why is it important?
Entrepreneurial alertness is the ability to recognize business opportunities in the current and future environment. It is essential for identifying gaps in the market and taking advantage of new opportunities.
How does perceived behavioral control influence entrepreneurial intentions?
PBC reflects a person’s confidence in their ability to start a business. High self-efficacy and belief in one’s creative abilities increase the likelihood of pursuing entrepreneurship.
