In spite of research on entrepreneurial intentions being a mature field of enquiry, little is known about the influence of experience on entrepreneurial intentions…
In spite of research on entrepreneurial intentions being a mature field of enquiry, little is known about the influence of experience on entrepreneurial intentions, especially among the youth and in developing contexts. This paper aims to investigate the impact of different types of experience – entrepreneurial early childhood experiences, prior start-up experiences, work experience, education and peer influence – on the entrepreneurial intentions of South African youth.
First, a quantitative survey of 827 secondary students was administered, and the results were analysed by means of hierarchical logistic regression. Second, two focus groups were conducted with secondary students representing two distinct segments of South African society to shed light on some of the unique survey findings.
The results revealed that the experiences of having attempted to start a business and having previously worked in a business, as well as entrepreneurship education, have a positive influence on youth entrepreneurial intentions, while peers' entrepreneurial intentions exert a negative influence. Peer influence and contextual factors such as family and community support, which are catalytic in other parts of the world, appear to dampen youth entrepreneurial intentions because of fear of failure and fear of competition.
This paper examines the influence of a broader taxonomy of experience types on youth entrepreneurial intentions than found in previous studies. It highlights the unique role played by specific types of experience and points to the need to include extra-curricular entrepreneurial experiences in interventions aimed at fostering youth entrepreneurial intentions in developing nations.
Entrepreneurship is considered as a possible solution to youth unemployment, and the number of initiatives fostering youth entrepreneurship has multiplied accordingly…
Entrepreneurship is considered as a possible solution to youth unemployment, and the number of initiatives fostering youth entrepreneurship has multiplied accordingly, also in Africa. However, the effectiveness of such initiatives also lies in whether young people display personality and contextual dimensions conducive to starting and running businesses. The purpose of this paper is to examine the composition of young South Africans’ “entrepreneurial endowment”, represented by personality traits and contextual variables commonly associated with entrepreneurship.
This paper surveyed secondary students using a questionnaire constructed from validated measurement instruments, obtaining 827 valid responses. It employed exploratory factor analysis to investigate the composition of respondents’ entrepreneurial endowment. It also compared respondents’ entrepreneurial endowment across demographic variables by means of t-tests and ANOVA.
The results reveal the existence of an entrepreneurial endowment composed of: need for achievement, locus of control, community support, two role models sub-constructs and two family support sub-constructs. Significant differences from the perspective of gender, cultural background and entrepreneurship education also emerged.
The findings confirm that young South Africans have the entrepreneurial endowment needed to be the recipients of entrepreneurship support and highlight relevant differences across demographic variables.
From a theoretical perspective, this paper unveils the structure of young South Africans’ entrepreneurial endowment, composed of four unique dimensions not found in previous research. The insights gained from comparing entrepreneurial endowment results across different groups offer practical implications.