The influence of technology on entrepreneurial self-efficacy development for online business start-up in developing nations

Abstract

<jats:p> Business start-ups are usually volatile and risky. They require rapid response and adaptability, calling for entrepreneurial self-confidence among young entrepreneurs. As there is a presumption that technology can alleviate these challenges, this study assessed transformation in entrepreneurial self-efficacy (ESE) among young South Africans in relation to an online business start-up. The article’s contribution centres on the advancement of knowledge on youth entrepreneurship development by understanding/exploring the impact of technology in boosting entrepreneurial confidence and thus stimulating entrepreneurial activities. Using an action learning approach, a business tech start-up process was simulated with a group of 109 randomly recruited participants. Their ESE moving through the start-up cycle was captured and analysed. Likert-scale data were collected on their perceptions before and after the simulation in relation to tolerance self-efficacy, relationship self-efficacy, managerial self-efficacy and opportunity identification self-efficacy. Findings showed significant change in ESE for business start-up after exposure to the potentials and opportunities of technology-related businesses. Participants showed increased confidence and enthusiasm on prospects of success in establishing tech businesses. Effect on the development of ESE was also more pronounced in male participants than female participants. </jats:p>

Pengaruh Kepemilikan Aset Investasi, Pengetahuan Bisnis Online, Literasi Keuangan dan Ekspetasi Pendapatan Terhadap Minat Bisnis Online Era Pandemi COVID-19

“…Teknologi memberikan dampak positif yang cukup besar dalam kehidupan manusia terutama dalam kehidupan perekonomian manusia, teknologi membantu manusia dalam mengembangkan banyak kemudahan dan ilmu pengetahuan manusia teknologi merupakan bagian terpenting dalam mempermudah dan sebagi mobilisator manusia dalam melakukan ketiatan yang cukup memakan waktu, Teknologi memberikan dampak positif yang cukup besar dalam kehidupan manusia terutama dalam kehidupan perekonomian manusia, teknologi membantu manusia dalam mengembangkan banyak kemudahan dan ilmu pengetahuan manusia teknologi merupakan bagian terpending dalam mempermudah dan sebagi moblisator manusia dalam melakukan ketiatan yang cukup memakan waktu, teknologi sangat membantu manusia dalam setiap bidang kehidupan manusia terutama setelah terciptanya internet, semankin mempermudah manusia dalam hal waktu, dan keuangan. Teknologi yang berkembang pesat dengan vasilitas akses internet merupakan hal yang sangat membantu manusia terutama dalam dunia usaha dan dunia industri mengurangi setiap biaya terhadap kegiatan industri, teknologi terhitung sebagai infrastruktur yang paling dibutuhkan dalam mencapai tujuan pengembangan banyak pihak pelaku dalam dunia industri dan dunia usaha (van der Westhuizen & Goyayi, 2020).…”

A conceptual model of entrepreneurial competencies needed to utilise technologies of Industry 4.0

“…If competencies which drives entrepreneurs to bring about creation of new sectors can be endorsed, economic growth can be stimulated through new business development (Sandberg, 2017; van der Westhuizen and Goyayi, 2019). One such area which has seen such development is data science, where new types of companies such as cloud computing providers have been created (Schwab, 2017).…”

“…At the core of this problem is education and skills (Dlodlo and Mafini, 2014; Fisk, 2017; van der Westhuizen and Goyayi, 2019). The economy continues to create opportunities for semi-skilled and skilled workers in an attempt to shed unskilled jobs (Arafeh, 2016).…”

“…This is where entrepreneurs are seen as a key instrument, as they link innovation and opportunity seeking to ensure competitive advantage is gained (Mazzei, 2018; Vendrell-Herrero et al, 2014). With the technological improvements of I4, entrepreneurs have the potential to create entirely new ways of providing goods and services through technological innovation (Feki and Mnif, 2016; van der Westhuizen and Goyayi, 2019). However, this requires a certain level of comprehension to enhance products and services with digital capabilities (Ndemo and Weiss, 2017; Zivdar et al, 2017).…”

Gender Role Characteristics and Entrepreneurial Self-Efficacy: A Comparative Study of Female and Male Entrepreneurs in China

“…ESE develops from entrepreneurial socialization as entrepreneurs deal with various unexpected problems and difficulties in the process of establishing a business. Since they have successfully started a business, ESE is generally higher for entrepreneurs than the general public ( van der Westhuizen and Goyayi, 2020 ). While male and female entrepreneurs should have higher ESE levels than the general population, there is no theoretical reason to hypothesize an innate gender difference in ESE.…”