Entrepreneurial Literature Review Essay

CopyLeaksCHAPTER 2

LITERATURE REVIEW

2.1 Literature Review

2.1.1 Entrepreneurial intention

Entrepreneurship has become of the most successful way for a country, either developed and developing, to strive their economic growth (Matlay, 2005). It is also refers to a process of innovation and exploring and exploiting opportunities by turning resources into output, (Roxas, Cayoca-Panizales, & De Jesus, 2009). So anyone who wants to be an entrepreneur should first have the intention to become one. These intentions are being strengthen by many factors and ante decedents (Che Mat et al., 2015).

2.1.2 Personal Capabilities

(Refaat, 2009) states that personal capabilities can be influences by three factors, which are personality traits, psychological

Is important to have psychological attributes inside entrepreneurial literature and must know be ignored, (Kamineni, 2002). He also added that, many researcher focus more on need for achievement, risk-taking propensity and locus of control to strengthen the entrepreneurial literature. Study made by (A. a C. Teixeira, 2009) shows that, among 2431 students enrolled in 60 different undergraduate courses of 14 Portuguese school/faculties, they found that psychological factors such as risk propensity, leadership profile and creativeness are examples of determinants that are very important in the entrepreneurial

Ardichvili, A. & Cardoze, 2003) identifies entrepreneur 's traits, social networks, and prior knowledge as the antecedents of entrepreneurs alertness to business opportunities as written in The Theory of Entrepreneurial Opportunity. According to Ardichvili (2003), there are three major dimensions of prior knowledge are important to the process of entrepreneurial discovery, which are prior knowledge of markets, prior knowledge of ways to serve markets and prior knowledge of customer problems. Prior exposure to entrepreneurship education has a positive effect on student 's attitudes towards a career in entrepreneurship and on perceived behavioral control or entrepreneurial self-efficacy, (Basu & Virick, 2008). In addition, individual 's prior exposure to entrepreneurship in practice, both direct and indirect through their family background in business, is significantly linked to their attitudes, norms, and perceived behavioral control regarding entrepreneurship. For example, by having a self-employed father, this will bring positive attitudes, stronger norms and greater self-efficacy with respect to entrepreneurship. Furthermore, student with self-employed father gained exposure to and get direct knowledge of entrepreneurship from early age, which effects their attitudes and perceptions of self-efficacy towards