The bidirectional relationship between entrepreneurial intention and entrepreneurial competencies for nascent and existing entrepreneurs

Abstract

Results:The findings provide evidence of a bidirectional relationship between entrepreneurial intention and various entrepreneurial competencies, and the outcome thereof might lead to an increased business start-up. The strongest positive relationships were observed between entrepreneurial intention and self-efficacy, opportunity recognition, conveying a compelling vision, value creation through innovation (observing customer usage) and perseverance. Previous scholars confirmed that self-efficacy is a strong predictor of entrepreneurial intention. The article found a moderate positive significant bidirectional relationship between entrepreneurial intention and self-efficacy. Conclusion:The findings could assist policy-makers, educators, as well as potential, nascent and start-up entrepreneurs with the understanding that these specific entrepreneurial competencies are necessary for a successful business venture or for moving to the next stage of the venture life cycle. In addition to the previously mentioned practical implications, this study also shows educators, policy-makers and academics that they need to adapt their entrepreneurial training programmes to ensure that self-efficacy and entrepreneurial intention are taught simultaneously as these constructs influence each other.

A Conceptual Model of Entrepreneurial Orientation (EO) and Entrepreneurial Career Intentions (ECI) among Female Undergraduates

“…Atiya and Osman (2021) found perseverance to significantly affect university students' formation of EI in Sudan and Oman. Evidence of a significant association between EI and perseverance is also supported by Botha and Taljaard (2019) by establishing perseverance as an entrepreneurial competency required to form an intent to develop a business. A study by Salisu et al (2020) concluded that entrepreneurs must be persistent in overcoming adversity and emerge stronger than before to achieve sustainable success.…”

“…Perseverance research is gaining popularity and has been proposed as a fundamental component of a multidimensional EO (Santos et al, 2020). Perseverance is a behavioral pattern that refers to staying focused and committed to a chosen course of action in the face of obstacles or other available options (Botha & Taljaard, 2019). In venture creation, perseverance is conceptualized as an individual's core competency to carry out entrepreneurial ventures continuously despite adversity and impediments that obstruct the effort (Santos et al, 2020).…”

Personality traits, entrepreneurial self-efficacy, and entrepreneurial intention among vocational students

“…According to Krueger, Reilly, and Carsrud [20], ESE is proposed as a major antecedent of the intention to become an entrepreneur. Botha and Taljaard [27] even identified a relationship between ESE and EI. Lans, Gulikers, and Batterink [28] suggested a direct link between students' ESE and their EIs.…”

Entrepreneurial Intention in Higher Vocational Education: An Empirically-Based Model With Implications for the Entrepreneurial Community

“…That is, a lower level of fit or no fit results in lower entrepreneurial intention even if there is a high level of entrepreneurial self-efficacy. Botha and Taljaard (2019) even identified a moderate interrelationship between entrepreneurial self-efficacy and intention. This called for policymakers and educators to pay more attention to the effect of policies as well as curriculum design on entrepreneurial self-efficacy.…”