Entrepreneurship education, intention, and self efficacy: an examination of knowledge transfer within family businesses

Abstract

The problems in family business focus more on the issues of leadership and ownership transfer. Therefore, it is essential to carry out a specific survey on the process associated with intergenerational knowledge transfer between entrepreneurship education, selfefficacy, and entrepreneurial intentions for future next generation. This study examines and analyses the effect of entrepreneurship education in families on self-efficacy and to test its impact on entrepreneurial intentions on future generations. According to the study's findings, entrepreneurship education has a major impact on entrepreneurial intentions self-efficacy. The resulting implication is that entrepreneurship education ought to be started and advanced in the family setting, with knowledge being transferred to the next generation by their predecessors. Further, it can foster awareness of the coming generations to amplify their abilities and interests. This is an explanatory research with a quantitative approach and a sample population, which consists of 1455 family businesses in the Makassar city, with a total sample of 150 running for at least two generations. The results show that entrepreneurship education has a significant effect on self-efficacy on entrepreneurial intentions. The implication of this finding shows that entrepreneurship education needs to be started and developed in the family environment, with the transfer of knowledge from the predecessor to the next generation. It also has the ability to foster awareness of future generations to increase their interests and abilities.

Does Entrepreneurship Education in Family Business Affect Entrepreneurial Attitudes and Motivation?

“…The failure and success of the culinary sector family business to survive in COVID-19 pandemic is largely determined by the transfer of knowledge that takes place from previous generations to future generations. Entrepreneurship education can foster awareness of the next generation to have a positive attitude in starting and managing a business, so that in turn this affects the motivation to become entrepreneurs (Hasan et al, 2020).…”

“…Entrepreneurship education in the family will be seen from the knowledge transfer process in the family business which is carried out both nonformally and informally Hasan et al, 2020). During COVID-19 pandemic, entrepreneurship education can contribute to the development of entrepreneurial attitudes as well as abilities and skills, so that it has an impact on self-efficacy and increases motivation to entrepreneurship in a family business (Ratten & Jones, 2021).…”

“…During COVID-19 pandemic, knowledge that comes from entrepreneurship education in the family is a significant source of competitive advantage, which enables family businesses to be innovative and remain competitive (Ahmed et al, 2020;Jayakumar & De Massis, 2020). This knowledge comes from the knowledge transfer process that occurs within each family member in the family business through information that is transformed and developed through personal beliefs, values, education, and experience (Hasan et al, 2020;Bailey & Breslin, 2021). From a pedagogical perspective, the transfer of knowledge in the perspective of entrepreneurship education is very important for entrepreneurial success because the combination of education and experience is the main factor determining entrepreneurial success.…”

Developing women's business skills and entrepreneurial sustainability through informal entrepreneurship education

“…Entrepreneurship education is defined as all forms of learning and skills, both formally and informally, that make a significant contribution to entrepreneurship and understanding even without a business strategy (Fakokunde, 2021;Syla & Suli, 2020;Hasan, Walenta, Tahir & Haeruddin, 2020;Bowei, 2020;Cullen & Archer-Brown, 2020;Adelekan & Eze, 2020;Gribben 2010). Schneider (2017) suggested three principal components of the demand for entrepreneurship education.…”

The Development of Pocketbook Learning Media based on Mind Mapping in Introductory Economics Course

“…Economic education focuses on economics as knowledge content and learning activities as a subject for learning [1]. It includes economic content to be taught (economic knowledge provided), economic learning methods (pedagogical content knowledge), design of learning assessment and evaluation practices (assessment objectives, tools, and strategies), and information that will appeal to economic educators at many levels of education such as primary education, junior secondary education, senior secondary education, and higher education [2].…”