The Development of an Entrepreneurship Index for Low-Income Households

Abstract

The Entrepreneurship Index (EI) serves as a measurement tool that effectively determines if one possesses the prospect of becoming a successful entrepreneur by assessing several essential aspects, such as entrepreneurial orientation, personality, leadership, motivation and knowledge, pertaining to functional skills. Hence, the cross-sectional design was adopted in this study and quantitative data were gathered from some randomly selected 800 Asnafs (those eligible for zakat-donation for the poor) listed under the Kelantan Islamic Religious and Customs Council. The outcomes of this study that classify the aspects of EI are grouped into three categories: low, medium, and high EI. As a result, the variances between high class and both medium and low classes have been double and triple, respectively. Furthermore, participants from Bachok, on an average, obtained higher scores on EI, in comparison to those from other districts. These findings can be turned into an essential measurement tool to indicate both entrepreneurial potentials and readiness among those from rural low-income households, which can be employed by relevant bodies in their attempt to aid those with entrepreneurial prospects and higher possibilities of attaining success in the business arena.

A group decision making method with preference analysis to re-build the Global Entrepreneurship Index

“…Zoltán J. Ács et al develop a regional application of the GEI that captures the contextual features of entrepreneurship across regions in Spain, with the identification of weaknesses in the incentive structure that affect regional development [ 16 ]. Ibrahim et al construct the Entrepreneurship Index as a measurement tool that effectively determines if one possesses the prospect of becoming a successful entrepreneur by assessing several essential aspects [ 17 ]. Song et al propose a holistic acceptability global entrepreneurship index, ignoring the consideration preference structures [ 18 ].…”