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Social Networks and Graduate Entrepreneurial Success: A Conceptual Exploration

Author

Listed:
  • Mohd Firdaus Bin Ruslan

    (Faculty of Business and Management, Universiti Teknologi MARA, Kedah, Malaysia)

  • Mohd Shafiz Saharan

    (Faculty of Business and Management, Universiti Teknologi MARA, Kedah, Malaysia)

  • Tunku Nashril-Abaidah

    (Faculty of Administrative Science and Public Policy, Universiti Teknologi MARA, Kedah, Malaysia)

  • Anis Farahwahida Mohd Karim

    (Faculty of Administrative Science and Public Policy, Universiti Teknologi MARA, Kedah, Malaysia)

Abstract

This paper develops the Comprehensive Graduate Entrepreneur Network (CGEN) model, a conceptual framework designed to guide graduate entrepreneurs in overcoming the unique challenges they face, such as social isolation, financial constraints, and limited access to resources. Drawing on Social Network Theory (SNT), the Resource-Based View (RBV), and Institutional Theory, the CGEN model offers a structured approach comprising four components: Network Assessment, Network Building, Network Leverage, and Network Evaluation. These components collectively facilitate the transition from isolation to integration within the entrepreneurial ecosystem by enabling graduate entrepreneurs to systematically develop, optimize, and utilize their social networks. The model addresses the need for both strong and weak ties, highlighting how diverse connections can be leveraged to access critical resources such as funding, mentorship, and business partnerships. This paper discusses the theoretical and practical implications of the CGEN model, suggesting its potential to inform entrepreneurship education, policy design, and support programs. While the model provides a robust theoretical foundation, future empirical research is needed to validate its applicability across various contexts. The CGEN framework represents a significant contribution to the literature on graduate entrepreneurship, offering practical guidance for enhancing the success of graduatepreneurs through strategic network development.

Suggested Citation

  • Mohd Firdaus Bin Ruslan & Mohd Shafiz Saharan & Tunku Nashril-Abaidah & Anis Farahwahida Mohd Karim, 2024. "Social Networks and Graduate Entrepreneurial Success: A Conceptual Exploration," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 8(10), pages 948-954, October.
  • Handle: RePEc:bcp:journl:v:8:y:2024:i:10:p:948-954
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    References listed on IDEAS

    as
    1. Leyden, Dennis P. & Link, Albert N. & Siegel, Donald S., 2014. "A theoretical analysis of the role of social networks in entrepreneurship," Research Policy, Elsevier, vol. 43(7), pages 1157-1163.
    2. Michelle Yang, K. & Tang, Jintong & Donbesuur, Francis & Adomako, Samuel, 2023. "Institutional support for entrepreneurship and new venture internationalization: Evidence from small firms in Ghana," Journal of Business Research, Elsevier, vol. 154(C).
    3. Chih-Hung Yuan & Dajiang Wang & Chuanyu Mao & Feixia Wu, 2020. "An Empirical Comparison of Graduate Entrepreneurs and Graduate Employees Based on Graduate Entrepreneurship Education and Career Development," Sustainability, MDPI, vol. 12(24), pages 1-15, December.
    4. Álvaro Dias & Leandro Pereira & Renato Lopes da Costa, 2023. "Organizational Capabilities as Antecedents of Entrepreneurship: A Basis for Business Practice and Policy Making," Journal of African Business, Taylor & Francis Journals, vol. 24(1), pages 1-18, January.
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