The impact of various entrepreneurial interventions during the business plan competition on the entrepreneur identity aspirations of participants

“…Participate in business plan competitions. (Qureshi, Saeed, & Wasti, 2016). 2.28 Participate in entrepreneurship expo, conferences, or other events.…”

Section: Research Objective and Methodologymentioning

confidence: 99%

Crossing the Valley of Death: lessons for young entrepreneurs

Al-Shaikh¹,

Siddiqui²

2021

JESI

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Valley of Death (VoD) is a metaphor often used to describe the situation in which many new startups fail to survive. This paper aims to share the experiences of developing guidelines for young entrepreneurs to successfully cross the Valley of death. The ideal target audience for this paper includes young entrepreneurs eager to launch their startups and preferably attending business incubation or acceleration programs. This research hypothesized to make a conceptual model crossing the Valley of death using the entrepreneurial ecosystem. The entrepreneurship ecosystem consists of six higher-order domains, including enabling government policies and leadership, financial capital, culture, support services, human capital, and markets. From earlier studies, entrepreneurial actions to cross the Valley of death were extracted. Entrepreneurship experts, including business incubation center managers, mentors, entrepreneurship faculty from business schools, validated these entrepreneurial actions. Analyses show four domains replicated in the study, enabling government policies and leadership, financial capital, support services, and markets. Furthermore, culture was partially replicated while the experts did not validate human capital. Finally, it presents entrepreneurial actions used to cross the Valley of death by new startups. These entrepreneurial actions are mapped on the entrepreneurial ecosystem. Findings include an emphasis on the understanding of ten issues including, entrepreneurial ecosystem, government rules, procedures, and incentives (like tax benefits, grants) for similar startups, intellectual property rights for similar projects, the role of leadership in startup performance, financial capital for the startup, risks and decision-making choices, regional entrepreneurial culture, support services for similar startups, markets, customers & competitors, the commercial value of the research project/product. Findings also show how to perform these actions and the appropriate timings of these entrepreneurial actions.

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“…The results are particularly useful in designing entertainment-education programs for entrepreneurship orientation among youth. Qureshi et al (2016) describe how interventions during a business plan competition workshop influence the relationship between personality, intellectual capital, entrepreneurial skills and entrepreneur identity aspiration of the participants. They found that the business plan exploration had a positive impact on both psychological characteristics and the intellectual capital of a person.…”

Section: Entrepreneurial Education Contentsmentioning

confidence: 99%

Identification of entrepreneurial education contents using nominal group technique

Srivastava

Satsangi

Satsangee

2019

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Purpose The purpose of this paper is to identify the elements of education and training intervention that facilitate occupational transition intentions of undergraduates and encourage them to opt for entrepreneurial pursuit. Design/methodology/approach The study, conducted in India, employed the nominal group technique (NGT) – A systems science technique – which considers that users are experts and they must participate in the decision-making process. The application of NGT involved a workshop format; 15 domain experts participated in the workshop. Throughout the process, a democratic process was followed to avoid individual dominance and premature focusing on a single idea. Findings The study obtained 63 responses from experts for effective entrepreneurship education in India. The responses were reduced to seven elements after a few thematic iterations. These elements were then segregated into content (knowledge, skills and attitude) and learning interaction on the basis of experts’ responses. An initial draft of the course based upon the elements identified through NGT is presented in this paper. Originality/value This study is unique and different from previous research on entrepreneurship education in several ways: It takes cognizance of multiple stakeholders; It provides a theoretical framework along with empirical groundwork; It suggests curriculum contents that have contextual as well as universal relevance. This paper contributes to the emerging dimensions of entrepreneurship literature, which implies a shift from understanding a well-established Western context of entrepreneurship research to transitional societies from the East.

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The impact of various entrepreneurial interventions during the business plan competition on the entrepreneur identity aspirations of participants

Cited by 10 publications

References 42 publications

Development of Soft Skills Education in Non-Formal Education to Indonesian Society

Development of Soft Skills Education in Non-Formal Education to Indonesian Society

Crossing the Valley of Death: lessons for young entrepreneurs

Identification of entrepreneurial education contents using nominal group technique

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