Inspiring Future Entrepreneurs: the role of business schools in creating future entrepreneurs

America’s first business school was set up in 1881 thanks to Philadelphia entrepreneur Joseph Wharton, who wrote a letter asking the University of Pennsylvania to create a school that would produce graduates who would become “pillars of the state, whether in private or in public life. Intrinsically, entrepreneurship is seen as a vital element in order to level competition in a competitive market environment and enhance economic well-being for nations. As a result of this attention, academic researchers have increased their research efforts on entrepreneurship, in particular their contributions and significance (Ozaralli & Rivenburgh, 2016).

The research paper in question used three dimensions as independent factors (empirical learning, Cognitive loading, and Self- efficacy) and on the other hand entrepreneurial intention at higher education as dependent factor

Lately, amid the opposition of the coalition of developing countries, Malaysia has seen a decline in the total number of entrepreneurships produced. Despite a range of government-initiated schemes encouraging entrepreneurship and instilling a sense of entrepreneurship among young people and young adults, there has been a stalemate in the founding of new companies and a low number of new business developments.

However, taking into account the pivotal role of experiential learning in promoting the entrepreneurial growth of university students, there is one factor. The degree to which it is experiential is of great importance that many researchers have overlooked. Learning motivates university students to demonstrate an entrepreneurial goal in the service of an entrepreneurial future in graduation (Qazi et al. 2020)

The study developed three research hypotheses, the findings revealed that, as for the first research hypothesis found that an empirical Learning strongly predicts entrepreneurial intention, implying that empirical Learning would have a clear beneficial relationship with entrepreneurial intention. As for the second research hypothesis, it was found that a cognitive loading strongly predicts entrepreneurial intention, implying that cognitive loading would have a clear beneficial relationship with entrepreneurial intention, and lastly as for the third research hypothesis, it was found that self-efficacystrongly predicts entrepreneurial intention, implying that Floatation would have a clear beneficial relationship with entrepreneurial intention.

References:

Anwar, Govand and Abdullah, Nabaz Nawzad, Inspiring Future Entrepreneurs: The Effect of Experiential Learning on the Entrepreneurial Intention at Higher Education (March 12, 2021). International Journal of English Literature and Social Sciences, Vol-6, Issue-2; Mar-Apr, 2021, Available at SSRN: https://ssrn.com/abstract=3824693

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