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Entrepreneurial Characteristics: Determinants Of Potential Entrepreneurial Activity? (Caracteristicas Emprendedoras: ¿Potenciales Determinantes De La Actividad Emprendedora?)

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  • Jose Eduardo Berrios Lugo

Abstract

Entrepreneurs think and process information differently. Studies have found that the propensity of an entrepreneur in shaping an entrepreneurial venture is linked to his/her personality traits and skills. Universities can play an important role in strengthening characteristics that encourages entrepreneurial activity. This research will aim to propose an entrepreneurial model to foster entrepreneurship in universities. The model takes in considerations entrepreneurial orientation dimensions (autonomy, proactiveness, innovativeness, competitiveness and risk taking) and the dimensions of entrepreneurial intention (need for achievement, locus of control and self-efficacy). Our model introduces a construct denominated as entrepreneurial decisiveness. We defined this construct as the determination to begin and operate a business venture in a specific timeline, entrepreneurial intention as the potentiality to starting a new business and entrepreneurial orientation as the inclination to start a business venture. A sample of 328 students were surveyed through a validated entrepreneurial traits questionnaire. Statistical analysis validated positive relations between dimensions and challenged entrepreneurial orientation dimensions’ prior research outcomes. Our findings suggest that the entrepreneurial phenomenon in an educational environment is a complex one and requires the study of more variables that affect entrepreneurship. Skills and traits alone hardly generate new enterprises, but they certainly guide their development

Suggested Citation

  • Jose Eduardo Berrios Lugo, 2017. "Entrepreneurial Characteristics: Determinants Of Potential Entrepreneurial Activity? (Caracteristicas Emprendedoras: ¿Potenciales Determinantes De La Actividad Emprendedora?)," Revista Internacional Administracion & Finanzas, The Institute for Business and Finance Research, vol. 10(6), pages 1-15.
    • Handle: RePEc:ibf:riafin:v:10:y:2017:i:6:p:1-15
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    References listed on IDEAS

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    2. Jeffrey G. Covin & Dennis P. Slevin, 1989. "Strategic management of small firms in hostile and benign environments," Strategic Management Journal, Wiley Blackwell, vol. 10(1), pages 75-87, January.
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    More about this item

    Keywords

    Entrepreneurship; Entrepreneurial Orientation; Entrepreneurial Intention;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship

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