Podcast
Questions and Answers
What defines entrepreneurship according to the Global Entrepreneurship Monitor (GEM)?
What defines entrepreneurship according to the Global Entrepreneurship Monitor (GEM)?
- The process of developing market strategies only.
- The creation of non-profit organizations.
- Attempt at new business or venture creation. (correct)
- Only the expansion of existing businesses.
What does entrepreneurial intention refer to?
What does entrepreneurial intention refer to?
- A market analysis report.
- A comprehensive business plan.
- The motivation to start a new venture. (correct)
- The desire to expand an existing business.
Which of the following is NOT a contribution of entrepreneurship to economic development?
Which of the following is NOT a contribution of entrepreneurship to economic development?
- Creation of new jobs
- Development of new technologies
- Formation of new markets
- Establishment of monopolies (correct)
According to the theory of planned behavior (TPB), what is the relationship between intention and behavior?
According to the theory of planned behavior (TPB), what is the relationship between intention and behavior?
Which characteristic is typically associated with aspiring entrepreneurs?
Which characteristic is typically associated with aspiring entrepreneurs?
What is a key process for economic development attributed to economists in the context of entrepreneurship?
What is a key process for economic development attributed to economists in the context of entrepreneurship?
Which of the following factors does NOT affect an individual's entrepreneurial aspirations according to research?
Which of the following factors does NOT affect an individual's entrepreneurial aspirations according to research?
How does entrepreneurship impact the economy regarding productivity?
How does entrepreneurship impact the economy regarding productivity?
What was the primary purpose of the study conducted in Kathmandu Valley?
What was the primary purpose of the study conducted in Kathmandu Valley?
What sampling method was used to select respondents for the study?
What sampling method was used to select respondents for the study?
How many questionnaires were distributed in the study?
How many questionnaires were distributed in the study?
What conclusion did the study reach regarding risk tolerance?
What conclusion did the study reach regarding risk tolerance?
Which factor was identified as significant in determining entrepreneurial intentions?
Which factor was identified as significant in determining entrepreneurial intentions?
What does entrepreneurship primarily involve?
What does entrepreneurship primarily involve?
What role does entrepreneurship play in an economy?
What role does entrepreneurship play in an economy?
What was the research design used in this study?
What was the research design used in this study?
What is the primary concern of the study?
What is the primary concern of the study?
What does the propensity to act primarily refer to?
What does the propensity to act primarily refer to?
Which antecedent of entrepreneurial intention is not mentioned in Krueger and Carsrud's study?
Which antecedent of entrepreneurial intention is not mentioned in Krueger and Carsrud's study?
How does personal character influence an entrepreneur's intention according to the study?
How does personal character influence an entrepreneur's intention according to the study?
Which model is identified as the best predictor of planned behavior, including becoming an entrepreneur?
Which model is identified as the best predictor of planned behavior, including becoming an entrepreneur?
What does perceived desirability refer to in the context of entrepreneurship?
What does perceived desirability refer to in the context of entrepreneurship?
What influence does having a close network of other entrepreneurs have on an individual?
What influence does having a close network of other entrepreneurs have on an individual?
Which factor is highlighted as influencing the entrepreneurial intention of management students?
Which factor is highlighted as influencing the entrepreneurial intention of management students?
At which entrepreneurial stage is family involvement considered to be the strongest?
At which entrepreneurial stage is family involvement considered to be the strongest?
What is perceived self-efficacy in the context of becoming an entrepreneur?
What is perceived self-efficacy in the context of becoming an entrepreneur?
What characteristic is often found in successful entrepreneurs according to Taatila?
What characteristic is often found in successful entrepreneurs according to Taatila?
How are impulsive and deliberate entrepreneurial intentions categorized according to Ben, S.?
How are impulsive and deliberate entrepreneurial intentions categorized according to Ben, S.?
What role do subjective norms play in entrepreneurial intention?
What role do subjective norms play in entrepreneurial intention?
According to the study, what increases an individual's intention to initiate a business?
According to the study, what increases an individual's intention to initiate a business?
What role does social networking play in entrepreneurship according to the research?
What role does social networking play in entrepreneurship according to the research?
Which factor is NOT mentioned as contributing to impulsive entrepreneurial intention?
Which factor is NOT mentioned as contributing to impulsive entrepreneurial intention?
Which statement reflects the highest mean regarding the entrepreneurial intention of management students?
Which statement reflects the highest mean regarding the entrepreneurial intention of management students?
What does a high mean value indicate about the entrepreneurial intention in this context?
What does a high mean value indicate about the entrepreneurial intention in this context?
What is the composite mean for the entrepreneurial intention test scale based on the statistics provided?
What is the composite mean for the entrepreneurial intention test scale based on the statistics provided?
Which variable associated with entrepreneurial intention shows the highest risk based on the content?
Which variable associated with entrepreneurial intention shows the highest risk based on the content?
What aspect of self-efficacy is highlighted in relation to entrepreneurial intentions?
What aspect of self-efficacy is highlighted in relation to entrepreneurial intentions?
In the table, which statement has the lowest mean regarding entrepreneurial intention and ranks as the sixth?
In the table, which statement has the lowest mean regarding entrepreneurial intention and ranks as the sixth?
Which statement emphasizes the long-term commitment of students towards entrepreneurship?
Which statement emphasizes the long-term commitment of students towards entrepreneurship?
Which of the following characteristics is cited as a reward for entrepreneurs taking risks?
Which of the following characteristics is cited as a reward for entrepreneurs taking risks?
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Study Notes
Entrepreneurial Intention of Management Students in Kathmandu Valley
- Study investigates the link between risk tolerance and self-efficacy affecting entrepreneurial intention among management students in Kathmandu Valley.
- Utilized a convenient sampling method, distributing 180 questionnaires and receiving 140 responses from graduates and post-graduates.
- Employs descriptive and correlation research designs for data analysis.
- Concludes that risk tolerance does not significantly influence students' entrepreneurial intentions, contrasting with earlier research.
- Establishes that self-efficacy positively correlates with entrepreneurial intentions, affirming findings from previous studies.
Importance of Entrepreneurship
- Entrepreneurship involves innovating, risk-taking, and implementing new ideas, crucial for economic growth.
- Acts as a driving force in job creation, wealth generation, and fostering innovation.
- Vital for developing economies, such as Nepal, where it shifts focus from agriculture to business.
- Results in new markets, industries, technology, and enhances real productivity.
Definitions and Theories
- Entrepreneurial Intention: Represents an individual's plan or intent to start a new business.
- Theory of Planned Behavior (TPB) is a widely recognized framework predicting intentions affecting behavior, including entrepreneurship.
- Key antecedents in the TPB model include personal attitude towards behavior, subjective norms (social pressure), and perceived self-efficacy.
Factors Influencing Entrepreneurial Intention
- Entrepreneurial aspirations may vary according to demographic factors like age, gender, self-efficacy, and need for achievement.
- Perceived desirability refers to the attractiveness of becoming an entrepreneur, while perceived feasibility measures one's confidence in starting a business.
- Social networks significantly impact entrepreneurial intentions, with stronger networks increasing an individual's propensity to start a venture.
Key Statistics on Entrepreneurial Intentions
- Descriptive statistics show a test scale mean of entrepreneurial intention at 3.98, indicating positive views among respondents.
- Highest individual mean of 4.16 recorded for the statement, "My professional goal is becoming an entrepreneur."
- "I am ready to make anything to be an entrepreneur" has the lowest mean of 3.56, reflecting lower commitment levels.
Role of Self-Efficacy
- Self-efficacy relates to an individual's perception of their abilities to perform entrepreneurial activities.
- High self-efficacy correlates with stronger intentions to start ventures, promoting entrepreneurial behavior and confidence.
Conclusion
- Understanding the role of self-efficacy is essential in fostering entrepreneurial intention among students.
- The study highlights the need for educational curricula to enhance self-efficacy in aspiring entrepreneurs, potentially impacting future entrepreneurial activity and economic development in Nepal.
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