USK Conferences, Roundtable for Indonesian Entrepreneurship Educators 2018

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Can Entrepreneurs be nurtured? The Impact of Entrepreneurship Education on Student Readiness to Start New Venture
Aprihatiningrum Hidayati, Nina Ivana Satmaka

Last modified: 2018-09-01

Abstract


Abstract

Purpose – This study aims to investigate the relationship between entrepreneurship education and student readiness to start new venture.

Design/methodology/approach – This study examines entrepreneurship education more comprehensively by integrating personal and enterprise development, also by using a mixed-method approach that incorporates most significant change (MSC), factor analysis, and hierarchical regression analysis. Using a survey method, the respondents were all alumni of undergraduate program in a school of management who were experiencing 2 entrepreneurship courses in 5th and 6th semester and business incubator in 7th semester.

Findings – Three variables emerged as impacts of entrepreneurship education perceived by respondents: Ability to handle internal liability of newness, Ability to handle external liability of newness, and Recognition. Internal and Ability to handle external liability of newness exert a positive influence on Readiness to start new venture, while recognition does not. The relationship between Ability to handle internal liability of newness and readiness to start new venture is stronger for the students who possess knowledge of feasibility study during their college years.  The study did not find significant difference in readiness to start new venture of students who had exposure to entrepreneurial activity through family and those who had no such exposures.

Research limitations/implications – This study examines the impacts of entrepreneurship education in one institution. Future studies should advance the findings by empirically testing the theoretical model in broader contexts. Future studies could also enrich the literature by bringing cultural or ethnicity aspects into the discussion and comparing Asian-based, European or Western-based findings.

Practical implications – For Higher Education institutions which develop entrepreneurship curricula, they need to focus on predicting the tren new ventures will face in the upcoming years (10 years minimum) so that their students can cope with External and Ability to handle internal liability of newness in order to start their new ventures successfully.

Originality/value – This study provides an empirical value by using a mixed method of qualitative and quantitative research. This study further contrasts the different result of readiness to start new venture between students who possess feasibility study knowledge and who don’t.

 

Keywords: Entrepreneurship Education, Readiness to start new venture, Ability to handle internal liability of newness, Ability to handle external liability of newness, Recognition, Feasibility Study Knowledge

Paper type: Research Paper


Keywords


Entrepreneurship Education; Readiness to start new venture; Ability to handle internal liability of newness; Ability to handle external liability of newness; Recognition; Feasibility Study Knowledge