Entrepreneurial Competencies of University Graduates and Their Usefulness to Business Management

Karen Joy Catacutan, Nicole Mae T. Domingo, Cristina Mae Ojerio, Nathalie Ubias & Mary Ann Bartolome

Volume 3 Issue 1 June 2023

PDF

https://doi.org/10.53378/

About this Journal

Journal Issue

Submit Paper

Entrepreneurial competencies can help your success as a business owner. These are fundamental personality traits that can result in exceptional knowledge, abilities, and attitudes, as well as considerable job performance that is conducive to entrepreneurship. The purpose of this study was to examine the level of entrepreneurial competencies of University graduates and their use in business management. Ninety respondents comprised of business owners answered the questionnaire. Furthermore, it was determined that business owners who graduated from the University held these entrepreneurial competencies considerably and found it moderately useful. Furthermore, no significant differences in the level of entrepreneurial competencies are found when respondents are divided by age, gender, business type, and length of operation. However, there is significant difference in the level of entrepreneurial competencies when respondents are group according to department. This study indicates that entrepreneurial competencies are necessary for professional success in today's employment market. Due to the current level of complexity and unpredictability, this type of expertise is essential to drive global and digital change, generate valuable commodities, and develop creative services as part of a team. In this way, the abilities that support the behaviors enable us to focus and be receptive to novelty, develop value, and communicate effectively.

Keywords

Author information & Contribution

Disclosure statement

Funding

Declaration

Notes

This paper is presented in 4th Northern Philippines Business Research Conference

Acknowledgement

References

Abbasi, A. S., Akhter, W., Ali, I., & Hasan, A. (2011). Factors affecting customer loyalty in Pakistan. African Journal of Business Management, 5(4), 1167-1174.

Abdullah, Y. A., & Mansor, M. N. B. (2018). The moderating effect of business environment on the relationship between entrepreneurial skills and small business performance in Iraq. International Journal of Entrepreneurship. Volume 22, Issue 4, 2018

Ahlquist, J. S., & Levi, M. (2011). Leadership: What it means, what it does, and what we want to know about it. Annual Review of Political Science, 14, 1-24.

Akhmetshin, E. M., Larionova, G. N., Lukiyanchina, E. V., Savitskaya, Y. P., Aleshko, R. A., & Aleynikova, O. S. (2019). The influence of educational environment on the development of entrepreneurial skills and competencies in students. Journal of Entrepreneurship Education, 22, 1-13.

Al Mamun, A., Nawi, N. B. C., & Zainol, N. R. B. (2016). Entrepreneurial competencies and performance of informal micro-enterprises in Malaysia. Mediterranean Journal of Social Sciences, 7(3), 273-273.

Aldoshina, M.I. (2018). Entrepreneurial competencies in university education: the matter and conditions of formation. Herald of the Moscow Finance and Law University, 1.

Alton, L., (2019). 9 Essential Qualities of Entrepreneurial Leadership

Andrews, D., Sánchez, A. C., & Johansson, Å. (2011). Towards a better understanding of the informal economy. OECD Economics Department Working Papers, No. 873, OECD Publishing, Paris, https://doi.org/10.1787/5kgb1mf88x28-en.

Armanurah Mohamad, Muhammad Hussin, Nor Aishah Buang (2014). Exploring Dimensions of Entrepreneurial Skills among Student Enterprise at Higher Learning Institution in Malaysia: A Case of Student Enterprise of University Utara Malaysia. International Multilingual Journal of Contemporary Research. June 2014, Vol. 2, No. 2, pp. 37-51

Audretsch, D. B. (2014). From the entrepreneurial university to the university for the entrepreneurial society. The Journal of Technology Transfer, 39(3), 313-321.

Bagozzi, R. P., Sekerka, L. E., & Sguera, F. (2018). Understanding the consequences of pride and shame: How self-evaluations guide moral decision making in business. Journal of Business Research, 84, 271-284.

Barazandeh, M., Parvizian, K., Alizadeh, M., & Khosravi, S. (2015). Investigating the effect of entrepreneurial competencies on business performance among early-stage entrepreneurs. Global Entrepreneurship Monitor (GEM 2010 survey

Bejinaru, R. (2018). Assessing students’ entrepreneurial skills needed in the knowledge economy. Management & Marketing, 13(3), 1119-1132.

Caliendo, M., Goethner, M., & Weißenberger, M. (2020). Entrepreneurial persistence beyond survival: Measurement and determinants. Journal of Small Business Management, 58(3), 617-647.

Carter, N.M. & Cinnéide, B. Ó. (2006). Female entrepreneurship: Theoretical perspectives and empirical evidence. Routledge. https://doi.org/10.4324/9780203013533-13

Chang, J., & Rieple, A. (2013). Assessing students’ entrepreneurial skills development in live projects. Journal of Small Business and Enterprise Development, Vol. 20 No. 1, pp. 225-241. https://doi.org/10.1108/14626001311298501

Chatterjee, N., & Das, N. (2016). A study on the impact of key entrepreneurial skills on business success of Indian micro-entrepreneurs: A case of Jharkhand region. Global Business Review, 17(1), 226-237.

Chen, S. C., Hsiao, H. C., Chang, J. C., Chou, C. M., Chen, C. P., & Shen, C. H. (2015). Can the entrepreneurship course improve the entrepreneurial intentions of students? International Entrepreneurship and Management Journal, 11(3), 557-569.

Churchill, (1983) & Solesvik, M. (2019). Competencies and intentions: The role of higher education.

Cooney, T. M. (2012, November). Entrepreneurship skills for growth-orientated businesses. In Report for the Workshop on ‘Skills Development for SMEs and Entrepreneurship (Vol. 28).

Costin, Y., O’Brien, M. P., & Slattery, D. M. (2018). Using simulation to develop entrepreneurial skills and mind-set: An exploratory case study.data). Journal of Global Entrepreneurship Research, 5(1), 1-12

Darban astane, A., firoozi, M., ghadiri masoom, M. (2012). The Study of Relationship between Rural Administrator’s Entrepreneurial Skills and Organizational Performance (Case study: Qazvin Rural Administration Province). Journal of Rural Research, 3(9), 27-59. https://doi.org/10.22059/jrur.2012.24723

Davey, T., Hannon, P., & Penaluna, A. (2016). Entrepreneurship education and the role of universities in entrepreneurship. Industry and Higher Education, 30(3), 171-182. https://doi.org/10.1177/0950422216656699

De Jorge Moreno, J., Castillo, L. L., & Masere, E. D. Z. (2007). Influence of entrepreneur type, region and sector effects on business self-confidence: Empirical evidence from Argentine firms. Entrepreneurship and regional development, 19(1), 25-48.

Dinis, A., do Paco, A., Ferreira, J., Raposo, M., & Rodrigues, R. G. (2013). Psychological characteristics and entrepreneurial intentions among secondary students. Education+ Training. Vol. 55 No. 8/9, pp. 763-780. https://doi.org/10.1108/ET-06-2013

Driskell, J. E., Salas, E., & Driskell, T. (2018). Foundations of teamwork and collaboration. American Psychologist, 73(4), 334.

Evans, D. (2017) Small Business Charter – part of the Chartered Association of Business schools – a registered charity in England and Wales (charity number: 1162854)

Gordon, E., Natarajan, K., & Arora, A. (2009). Entrepreneurship development. Himalaya publishing house.

Gümüsay, A. A., & Bohné, T. M. (2018). Individual and organizational inhibitors to the development of entrepreneurial competencies in universities. Research Policy, 47(2), 363-378.

Hahn, D., Minola, T., Bosio, G., & Cassia, L. (2020). The impact of entrepreneurship education on university students’ entrepreneurial skills: a family embeddedness perspective. Small Business Economics, 55(1), 257-282.

Haneberg, D. H., & Aadland, T. (2020). Learning from venture creation in higher education. Industry and Higher Education, 34(3), 121-137.

Hattab, H. W. (2014). Impact of entrepreneurship education on entrepreneurial intentions of University students in Egypt. The Journal of Entrepreneurship, 23(1), 1-18. https://doi.org/10.1177/0971355713513346

Hatthakijphong, P., & Ting, H. I. (2019). Prioritizing successful entrepreneurial skills: An emphasis on the perspectives of entrepreneurs versus aspiring entrepreneurs. Thinking Skills and Creativity, 34, 100603.

Holland, D. V., & Shepherd, D. A. (2013). Deciding to persist: Adversity, values, and entrepreneurs’ decision policies. Entrepreneurship theory and practice, 37(2), 331-358.

Hui, A. (2014). Enthusiasm, initiative, entrepreneurial self-efficacy and social entrepreneurial venture creation. Small Enterprise Research, 1-21.

Hynes, B., & Richardson, I. (2007). undefined. Education + Training, 49(8/9), 732-744. https://doi.org/10.1108/00400910710834120

Jabeen, F., Faisal, M. N., & Katsioloudes, M. I. (2017). Entrepreneurial mindset and the role of universities as strategic drivers of entrepreneurship: Evidence from the United Arab Emirates. Journal of Small Business and Enterprise Development.

Jusoh, R., Ziyae, B., Asimiran, S., & Kadir, S. A. (2011). Entrepreneur training needs analysis: Implications on the entrepreneurial skills needed for successful entrepreneurs. International Business & Economics Research Journal (IBER), 10(1). https://doi.org/10.19030/iber.v10i1.933

Karlsson, T., & Moberg, K. (2013). Improving perceived entrepreneurial abilities through education: Exploratory testing of an entrepreneurial self-efficacy scale in a pre-post setting. The International Journal of Management Education, 11(1), 1-11.

Keller, M. M., Goetz, T., Becker, E. S., Morger, V., & Hensley, L. (2014). Feeling andshowing:A new conceptualization of dispositional teacher enthusiasm and its relation to students’ interest. Learning and Instruction, 33, 29-38.

Kerr, S. P., Kerr, W., & Xu, T. (2017). Personality traits of entrepreneurs: A review of recent literature. NBER Working Paper Series. https://doi.org/10.3386/w24097

Kozlinska, I., Rebmann, A., & Mets, T. (2020). Entrepreneurial competencies and employment status of business graduates: The role of experiential entrepreneurship pedagogy. Journal of Small Business & Entrepreneurship, 1-38. https://doi.org/10.1080/08276331.2020.1821159

Kucel, A., & Vilalta-Buff, M. (2016). Entrepreneurial skills and wage employment. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.2759715

Lake, D., Baerg, K., & Paslawski, T. (2015). Teamwork, Leadership and Communication: Collaboration Basics for Health Professionals. Brush Education.

Lans, T., Verstegen, J., & Mulder, M. (2011). Analysing, pursuing and networking: Towards a validated three-factor framework for entrepreneurial competence from a small firm perspective. International Small Business Journal: Researching Entrepreneurship, 29(6), 695-713. https://doi.org/10.1177/0266242610369737

Lemo, Odia, J. O., & Odia, A. A. (2013). Developing entrepreneurial skills and transforming challenges into opportunities in Nigeria. Journal of Educational and Social Research, 3(3), 289-289.

Locke, E. A., & Latham, G. P. (2019). The development of goal setting theory: A half century retrospective. Motivation Science, 5(2), 93.

Man, T. W., & Lau, T. (2000). Entrepreneurial competencies of SME owner/managers in the Hong Kong services sector: A qualitative analysis. Journal of Enterprising Culture, 8(03), 235-254.

Markowska, M., & Wiklund, J. (2020). Entrepreneurial learning under uncertainty: Exploring the role of self-efficacy and perceived complexity. Entrepreneurship & Regional Development, 32(7-8), 606-628. https://doi.org/10.1080/08985626.2020.1713222

Marlow, S., & McAdam, M. (2013). Gender and entrepreneurship: Advancing debate and challenging myths; exploring the mystery of the under‐performing female entrepreneur. International Journal of Entrepreneurial Behavior & Research.

Matlay, H. (2008). The impact of entrepreneurship education on entrepreneurial outcomes. Journal of Small Business and Enterprise Development, 15(2), 382-396. https://doi.org/10.1108/14626000810871745

Mei, H., Lee, C. H., & Xiang, Y. (2020). Entrepreneurship Education and Students Entrepreneurial Intention in Higher Education. Education Sciences, 10(9), 257.

Mgeni, T. O. (2015). Impact of entrepreneurial leadership style on business performance of SMEs in Tanzania.

Milinković, I., Labrović, J. A., & Petrović, N. (2020, September). Demand for competencies in 21st century workplace: companies expectations from graduates. In XVII International Symposium (p. 59).

Mitchelmore, S., & Rowley, J. (2013). Entrepreneurial competencies of women entrepreneurs pursuing business growth. Journal of small business and enterprise development, 20(1), 125-142.

Narkhede, B. E., Nehete, R. S., Raut, R. D., & Mahajan, S. K. (2014). Impact of entrepreneurial skills on the firm’s performance: Evidence from manufacturing SMEs in India. International Journal of Indian Culture and Business Management, 8(2), 216-236.

Natarajan, T., Balasubramanian, S. A., & Kasilingam, D. L. (2017). Understanding the intention to use mobile shopping applications and its influence on price sensitivity. Journal of Retailing and Consumer Services, 37, 8-22.

Neneh, B. N. (2017). Family support and performance of women-owned enterprises: The mediating effect of family-to-Work enrichment. The Journal of Entrepreneurship, 26(2), 196-219. https://doi.org/10.1177/0971355717716762

Nsereko, I., Balunywa, W. J., Ntamu, D. N., Munene, J., & Babirye, H. (2021). Personal initiative, entrepreneurial self-efficacy and social entrepreneurial venture creation. Small Enterprise Research, 28(3), 329-349.

O’Brien, E., & Delaney, Y. (2017). Women in entrepreneurship – Education methods to support female businesses. Entrepreneurship and Entrepreneurial Skills in Europe, 102-112. https://doi.org/10.2307/j.ctvddzncb.9

Oliveira, A., & Rua, O. L. (2018). From intention to entrepreneurial action. RAUSP Management Journal, 53(4), 507-534. https://doi.org/10.1108/rausp-07-2018-0039

Olufemi, A. (2020). Entrepreneurship: An option to solving unemployment problem among Nigerian youths. European Business & Management, 6(6), 151. https://doi.org/10.11648/j.ebm.20200606.14

Patel, P. C., & Thatcher, S. M. (2014). Sticking it out: Individual attributes and persistence in self-employment. Journal of Management, 40(7), 1932-1979.

Piirainen, K., Kortelainen, S., Elfvengren, K., & Tuominen, M. (2010). A scenario approach for assessing new business concepts. Management Research Review.

Powell, G. N., & Eddleston, K. A. (2013). Linking family-to-business enrichment and support to entrepreneurial success: do female and male entrepreneurs experience different outcomes? Journal of business venturing, 28(2), 261-280.

Reyad, S. M. R., Badawi, S. S., & Hamdan, A. M. (2018). Entrepreneurship and accounting students’ career in the Arab region: Conceptual perspective. The Journal of Developing Areas, 52(4), 283-288.

Reyad, S., Badawi, S., & Hamdan, A. (2020). undefined. Journal of Islamic Accounting and Business Research, 11(5), 1101-1120. https://doi.org/10.1108/jiabr-07-2017-0102

Saadat, S., Aliakbari, A., Alizadeh Majd, A., & Bell, R. (2021). The effect of entrepreneurship education on graduate students’ entrepreneurial alertness and the mediating role of entrepreneurial mindset. Education + Training. https://doi.org/10.1108/et-06-2021-0231

Sabella, A. R., Farraj, W. A., Burbar, M., & Qaimary, D. (2014). Entrepreneurship and economic growth in West Bank, Palestine. Journal of Developmental Entrepreneurship, 19(01), 1450003.

Secundo, G., Del Vecchio, P., Schiuma, G., & Passiante, G. (2017). Activating entrepreneurial learning processes for transforming university students’ idea into entrepreneurial practices. International Journal of Entrepreneurial Behavior & Research.

Sousa, M. J., & Almeida, M. D. R. (2014). Entrepreneurial skills development. Recent Advances in Applied Economics, 135-139.

Stuetzer, M., Obschonka, M., & Schmitt-Rodermund, E. (2012). Balanced skills among nascent entrepreneurs. Small Business Economics, 41(1), 93-114. https://doi.org/10.1007/s11187-012-9423-2

Tornau, K., & Frese, M. (2013). Construct clean‐up in proactivity research: A meta‐analysis on the nomological net of work‐related proactivity concepts and their incremental validities. Applied Psychology, 62(1), 44-96.

Williams, D. (2015). The impact of SimVenture on the development of entrepreneurial skills in management students. Industry and Higher Education, 29(5), 379-395.

Cite this article:

Catacutan, K., Domingo, N.T., Ojerio, C., Ubias, N. & Bartolome, M. (2023). Entrepreneurial Competencies of University Graduates and Their Usefulness to Business Management. The Research Probe, Volume 3 (1), 52-62.