European Journal of Business Science and Technology 2020, 6(2):127-137 | DOI: 10.11118/ejobsat.2020.008

Contemporary Opinions on the Importance of Entrepreneurial Competencies

Petr Řehoř1, Martin Pech1, Michaela Slabová1, Ladislav Rolínek1
1 University of South Bohemia in České Budějovice, Czech Republic

When starting a new business, entrepreneurs used the acquired experience, skills, and competencies. The paper aims to determine opinions on the most important competencies that entrepreneurs need to start their business. The research is based on the questionnaire to survey entrepreneurs and students of economics. We try to determine the differences in their opinions. We assume that the views of entrepreneurs already running a business near reflect the competencies’ real usefulness. We used the questionnaire as an instrument for data collection. When comparing entrepreneurs and students, statistically significant differences are in most competencies. Students evaluated entrepreneurial competencies significantly less important than entrepreneurs. Entrepreneurs’ opinions on competencies do not depend on enterprise size. Similarly, students’ views on competencies are not related to their gender. Our study suggests a significant discrepancy between students’ opinions on the importance of various competencies and reality.

Keywords: entrepreneurial competencies, entrepreneurs, opinions, students, education
JEL classification: A22, I25, J24, L26

Received: August 27, 2020; Revised: November 16, 2020; Accepted: December 10, 2020; Prepublished online: December 30, 2020; Published: December 29, 2020  Show citation

ACS AIP APA ASA Harvard Chicago IEEE ISO690 MLA NLM Turabian Vancouver
Řehoř, P., Pech, M., Slabová, M., & Rolínek, L. (2020). Contemporary Opinions on the Importance of Entrepreneurial Competencies. European Journal of Business Science and Technology6(2), 127-137. doi: 10.11118/ejobsat.2020.008
Download citation

References

  1. ASENGE, E.L., DIAKA, H.S. and SOOM, A.T. 2018. Entrepreneurial Mindset and Performance of Small and Medium Scale Enterprises in Makurdi Metropolis, Benue State-Nigeria. International Journal of Innovation 6(2): 124-146. DOI: 10.5585/iji.v6i2.223. Go to original source...
  2. BACIGALUPO, M., KAMPYLIS, P., PUNIE, Y. and VAN DEN BRANDE, L. 2016. EntreComp: The Entrepreneurship Competence Framework. EUR 27939 EN. Luxembourg: Publication Office of the Eurepean Union. [Online]. Available at: https://doi.org/10.2791/593884. [Accessed 2020, July 20]. Go to original source...
  3. BAUM, J.R., LOCKE, E.A. and SMITH, K.G. 2001. A Multidimensional Model of Venture Growth. The Academy of Management Journal 44(2): 292-303. DOI: 10.2307/3069456. Go to original source...
  4. BOTHA, M., VAN VUUREN, J. J., & KUNENE, T. 2015. An integrated entrepreneurial performance model focusing on the importance and proficiency of competencies for start-up and established SMEs. South African Journal of Business Management, 46(3): 55-65. DOI: 10.4102/sajbm.v46i3.101 Go to original source...
  5. DE GALINDO, M., ROMERO-RODRIGUEZ, L.M. and MONTOYA, M.S.R. 2019. Entrepreneurship competencies in energy sustainability MOOCs. J. Entrep. Emerg. Econ. 11(4): 598-616. DOI: 10.1108/JEEE-03-2019-0034. Go to original source...
  6. DEVETAG, M.G., ZAZZERINI, G., TUAN, N.Q. and HUNG, D.Q. 2020. Developing Entrepreneurial Competencies in Vietnam: Evidence from the Bac Ninh Province. Journal of Entrepreneurship and Innovation in Emerging Economies 6(2): 1-19. DOI: 10.1177/2393957520924987. Go to original source...
  7. ETUK, R.U., ETUK, G.R. and MICHAEL, B. 2014. Small And Medium Scale Enterprises (SMEs) And Nigeria's Economic Development. Mediterranean Journal of Social Sciences 5(7): 656-662. DOI: 10.5901/mjss.2014.v5n7p656. Go to original source...
  8. EUROPEAN COMMISSION. 2016. The Entrepreneurship 2020 Action Plan. Document Nr. 52012DC0795. [Online]. Available at: https://ec.europa.eu/growth/smes/promoting-entrepreneurship/action-plan_en. [Assessed 2020, March 20].
  9. FARHANGMEHR, M., GONCALVES, P. and SARMENTO, M. 2016. Predicting entrepreneurial motivation among university students The role of entrepreneurship education. Education and Training 58(7-8): 861-881. DOI: 10.1108/ET-01-2016-0019. Go to original source...
  10. GELARD, P. and SALEH, K. 2011. Impact of some contextual factors on entrepreneurial intention of university students. African Journal of Business Management 5(26): 10707-10717. DOI: 10.5897/AJBM10.891. Go to original source...
  11. BOLDUREANU, G., IONESCU, A.M., BERCU, A.-M., BEDRULE-GRIGORUȚĂ, M.V. and BOLDUREANU, D. 2020. Entrepreneurship Education through Successful Entrepreneurial Models in Higher Education Institutions. Sustainability 12: 1267. DOI: 10.3390/su12031267. Go to original source...
  12. KNOWLES, M.S., III, E.F.H. and SWANSON, R.A. 2014. The Adult Learner: The definitive classic in adult education and human resource development. London: Routledge. Go to original source...
  13. KURATKO, D. 2005. The Emergence of Entrepreneurship Education: Development, Trends, and Challenges. Entrepreneurship Theory and Practice 29(5): 577-598. DOI: 10.1111/j.1540-6520.2005.00099.x. Go to original source...
  14. KUSMINTARTI, A., ANSHORI, M. A., SULASARI, A. and ISMANU, S. 2018. Student's Entrepreneur Profile: A Cluster of Student's Entrepreneurial Characteristics. Journal of Entrepreneurship Education, 21(1S): 1528-2651. DOI: 10.13140/RG.2.2.15006.84804. Go to original source...
  15. KÜTTIM, M., ARVOLA, K. and VENESAAR, U. 2011. Development of creative entrepreneurship: opinion of managers from Estonia, Latvia, Finland and Sweden. Verslas: Teorija ir praktika Business: Theory and Practice 12(4): 369-378. DOI: 10.3846/btp.2011.38. Go to original source...
  16. LACKÉUS, M. and WILLIAMS, M.K. 2015. Venture creation programs: bridging entrepreneurship education and technology transfer. Education + Training 57(1): 48-73. DOI: 10.1108/ET-02-2013-0013. Go to original source...
  17. LANGLOIS, R.N. 2002. Schumpeter and the Obsolescence of the Entrepreneur. UConn Department of Economics Working Paper 2002(19): 1-29. DOI: 10.2139/ssrn.353280. Go to original source...
  18. LJUNGREN, E. and KOLVEREID, L. 1996. New Business Formation: Does Gender Make a Difference? Women in Management Review, 11(4), 3-12. DOI: 10.1108/09649429610122096. Go to original source...
  19. LEPUSCHITZ, W., KOPPENSTEINER, G., LEEB-BRACHER, U., HOLLNSTEINER, K. and MERDAN, M. 2018. Educational Practices for Improvement of Entrepreneurial Skills at Secondary School Level. International Journal of Engineering Pedagogy (iJEP) 8(2): 101-114. DOI: 10.3991/ijep.v8i2.8141. Go to original source...
  20. LIÑÁN, F., NABI, G. and KRUEGER, N. 2013. British and Spanish entrepreneurial intentions: A comparative study. Revista de Economía Mundial, 33: 73-107.
  21. MAN, T.W.Y., LAU, T. and SNAPE, E. 2008. Entrepreneurial Competencies and the Performance of Small and Medium Enterprises: An Investigation through a Framework of Competitiveness. Journal of Small Business and Entrepreneurship 21(3): 257-276. DOI: 10.1080/08276331.2008.10593424. Go to original source...
  22. MANSOUR, F. H. I. 2018. Gender Differences in Entrepreneurial Attitude & Intentions among university Students. International Conference on Advances in Business, and Law (ICABL) 2(1): 193-200. DOI: 10.30585/icabml-cp.v2i1.273. Go to original source...
  23. MITCHELMORE, S. and ROWLEY, J. 2010. Entrepreneurial Competencies: A Literature Review and Development Agenda. International Journal of Entrepreneurial Behaviour and Research 16: 92-111. DOI: 10.1108/13552551011026995. Go to original source...
  24. MONASTYRSKAYA, T., MIKIDENKO, N. and STOROZHEVA, S. 2018. Leadership and Entrepreneurial Competencies Evaluated by the Academic Community. In: STRIELKOWSKI, W. and CHIGISHEVA, O. (eds) Leadership for the Future Sustainable Development of Business and Education. Springer Proceedings in Business and Economics. Springer, Cham. Go to original source...
  25. MORRIS, M. H., WEBB, J.W., FU, J. and SINGHAL, S. 2013. A CompetencyBased Perspective on Entrepreneurship Education: Conceptual and Empirical Insights. Journal of Small Business Management 51(3): 352-369. DOI: 10.1111/jsbm.12023. Go to original source...
  26. NIEUWENHUIZEN, C. and SWANEPOEL, E. 2015. Comparison of the entrepreneurial intent of master's business students in developing countries: South Africa and Poland. Acta Commercii 15(1): 10. DOI: 10.4102/ac.v15i1.270. Go to original source...
  27. PATHAK, S. 2019. Future Trends in Entrepreneurship Education: Re-Visiting Business Curricula. Journal of Entrepreneurship Education 22(4): 1-13.
  28. READ, S. and SARASVATHY, S. 2005. Knowing What To Do and Doing What You Know: Effectuation as a Form of Entrepreneurial Expertise. The Journal of Private Equity 9(1): 45-62. DOI: 10.3905/jpe.2005.605370. Go to original source...
  29. REZAEI-ZADEH, M., HOGAN, M., O'REILLY, J., CONNINGHAM, J. and MURPHY, E. 2017. Core entrepreneurial competencies and their interdependencies: insights from a study of Irish and Iranian entrepreneurs, university students and academics. Int Entrep Manag J, 13: 35-73. DOI: 10.1007/s11365-016-0390-y. Go to original source...
  30. SCHELFHOUT, W., BRUGGEMAN, K. and DE MAYER, S. 2016. Evaluation of entrepreneurial competence through scaled behavioural indicators: Validation of an instrument. Studies in Educational Evaluation 51: 29-41. DOI: 10.1016/j.stueduc.2016.09.001. Go to original source...
  31. TITTEL, A. AND TERZIDIS, O. 2020. Entrepreneurial competences revised: developing a consolidated and categorized list of entrepreneurial competences. Entrepreneurship Education, 3(1): 1-35. DOI: 10.1007/s41959-019-00021-4. Go to original source...
  32. VENKATAPATHY, R. and PRETHEEBA, P. 2012. Entrepreneurial competencies among management graduates. Gian Jyoti e-journal 2(3): 135-143.
  33. WICKHAM, P.A. 2006. Strategic Entrepreneurship. London: Financial Times/ Prentice Hall.

This is an open access article distributed under the terms of the Creative Commons Attribution-ShareAlike 4.0 International License (CC BY-SA 4.0), which permits use, distribution, and reproduction in any medium, provided the original publication is properly cited. No use, distribution or reproduction is permitted which does not comply with these terms.