Promoting Entrepreneurial Mindset for Successful Entrepreneurship An Innovative Approach in Entrepreneurship Education
Main Article Content
Abstract
The research argues that financial and educational barriers affect women entrepreneurs in small and medium-sized businesses where business expansion is one of the major concerns in planning a business. It is not easy to create business relationships and networking in a short time, needs a proper interactive environment through a platform. This study identified a variety of barriers facing entrepreneurs in entrepreneurship, particularly related to financial, educational and include regular operation, market information, commercial communication, and professional networking due to limited contribution of different financial and non-financial institutions. It collected primary data through interviews with entrepreneurs of four small and medium businesses where two are specialized in goods, i.e., boutique, catering, and others two are specialized in services, i.e., event management and consultancy. It contributes to the existing literature on women's entrepreneurship by revealing an innovative way of supporting entrepreneurship through financial institutions. The study offers solutions to improve business conditions by investigating some businesses of women entrepreneurs who received entrepreneurship education through a university collaborated financial institution named City Alo, a section of City Bank in Bangladesh to solve their entrepreneurship challenges.
Article Details
Section
Once the manuscript is accepted for publication, authors shall transfer the copyright to the publisher. If the submitted manuscript is not accepted for printing by the journal, the authors shall retain all their rights. The following rights on the manuscript are transferred to the publisher, including any supplementary materials and any parts, extracts or elements of the manuscript:
- the right to reproduce and distribute the manuscript in printed form, including print-on-demand;
- the right to print prepublications, reprints and special editions of the manuscript;
- the right to translate the manuscript into other languages;
- the right to reproduce the manuscript using photomechanical or similar means including, but not limited to photocopy, and the right to distribute these copies;
- the right to reproduce and distribute the manuscript electronically or optically using and all data carriers or storage media, and especially in machine readable/digitalized form on data carriers such as hard drive, CD-ROM, DVD, Blu-ray Disc (BD), Mini Disc, data tapes, and the right to reproduce and distribute the article via these data carriers;
- the right to store the manuscript in databases, including online databases, as well as the right to transmit the manuscript in all technical systems and modes;
- the right to make the manuscript available to the public or to closed user groups on individual demand, for use on monitors or other readers (including e-books), and in printable form for the user, either via the Internet, online service, or via internal or external networks.
Authors reserve the copyright to published articles and have the right to use the article in the same manner like third parties in accordance with the licence Attribution-Non-Commercial-Non-Derivate 4.0 International (CC BY NC ND). Thereby they must quote the basic bibliographic data of the source article published in the journal (authors, article title, journal title, volume, pagination).
References
Abebe, A., & Kegne, M. (2023). The role of microfinance institutions on women’s entrepreneurship development. Journal of Innovation and Entrepreneurship, 12(1), 1–24.
Agrawal, R. (2018). Constraints And Challenges Faced By Women Entrepreneurs In Emerging Market Economy And The Way Forward. Jwee, 3–4, 1–19. https://doi.org/10.28934/jwee18.34.pp1-19
Ahmed, T., Chandran, V. G. R., Klobas, J. E., Liñán, F., & Kokkalis, P. (2020). Entrepreneurship education programmes: How learning, inspiration and resources affect intentions for new venture creation in a developing economy. The International Journal of Management Education, 18(1), 100327.
Alene, E. T. (2020). Determinants that influence the performance of women entrepreneurs in micro and small enterprises in Ethiopia. Journal of Innovation and Entrepreneurship, 9, 1–20.
Aninze, F., El-Gohary, H., & Hussain, J. (2018). The role of microfinance to empower women: The case of developing countries. International Journal of Customer Relationship Marketing and Management, 9(1), 54–78. https://doi.org/10.4018/IJCRMM.2018010104
Blumberg, B., Cooper, D., & Schindler, P. (2014). EBOOK: Business Research Methods. McGraw Hill.
Bogdanovic, M. (2016). Women Entrepreneurship and Access to Capital. Journal of Women’s Entrepreneurship and Education, 3–4, 20–34. https://search.ebscohost.com/login.aspx?direct=true&db=ecn&AN=1791478&lang=fr&site=ehost-live
Boldureanu, G., Ionescu, A. M., Bercu, A.-M., Bedrule-Grigoruță, M. V., & Boldureanu, D. (2020). Entrepreneurship education through successful entrepreneurial models in higher education institutions. Sustainability, 12(3), 1267.
Bullough, A., De Luque, M. S., Abdelzaher, D., & Heim, W. (2015). Developing women leaders through entrepreneurship education and training. Academy of Management Perspectives, 29(2), 250–270. https://doi.org/10.5465/amp.2012.0169
Bullough, A., Guelich, U., Manolova, T. S., & Schjoedt, L. (2022). Women’s entrepreneurship and culture: gender role expectations and identities, societal culture, and the entrepreneurial environment. Small Business Economics, 58(2), 985–996.
Burt, R. S. (2019). Network disadvantaged entrepreneurs: Density, hierarchy, and success in China and the West. Entrepreneurship Theory and Practice, 43(1), 19–50.
Chen, Y., Wang, Y., Nevo, S., Benitez-Amado, J., & Kou, G. (2015). IT capabilities and product innovation performance: The roles of corporate entrepreneurship and competitive intensity. Information & Management, 52(6), 643–657.
Cozarenco, A., & Szafarz, A. (2018). Gender biases in bank lending: Lessons from microcredit in France. Journal of Business Ethics, 147, 631–650.
De Vita, L., Mari, M., & Poggesi, S. (2014). Women entrepreneurs in and from developing countries: Evidences from the literature. European Management Journal, 32(3), 451–460.
deMarrais, K. B., & Lapan, S. D. (2003). Qualitative interview studies: Learning through experience. In Foundations for research (pp. 67–84). Routledge.
Edelman, L. F., Manolova, T., Shirokova, G., & Tsukanova, T. (2016). The impact of family support on young entrepreneurs’ start-up activities. Journal of Business Venturing, 31(4), 428–448. https://doi.org/10.1016/j.jbusvent.2016.04.003
Elenurm, T., & Reino, A. (2013). Knowledge sharing challenges in developing early-stage entrepreneurship. Proceedings of the European Conference on Knowledge Management, ECKM, 1, 211–218.
Entrialgo, M., & Iglesias, V. (2016). The moderating role of entrepreneurship education on the antecedents of entrepreneurial intention. International Entrepreneurship and Management Journal, 12, 1209–1232.
Fayolle, A., & Gailly, B. (2015). The impact of entrepreneurship education on entrepreneurial attitudes and intention: Hysteresis and persistence. Journal of Small Business Management, 53(1), 75–93.
Haddad, G., Haddad, G., & Nagpal, G. (2021). Can students’ perception of the diverse learning environment affect their intentions toward entrepreneurship? Journal of Innovation and Knowledge, 6(3), 167–176. https://doi.org/10.1016/j.jik.2021.04.002
Hessels, J., & Naudé, W. (2019). The intersection of the fields of entrepreneurship and development economics: A review towards a new view. Journal of Economic Surveys, 33(2), 389–403.
Higgins, D., Smith, K., & Mirza, M. (2013). Entrepreneurial Education: Reflexive Approaches to Entrepreneurial Learning in Practice. Journal of Entrepreneurship, 22(2), 135–160. https://doi.org/10.1177/0971355713490619
Idrus, S., Pauzi, N. M., & Munir, Z. A. (2014). The Effectiveness of Training Model for Women Entrepreneurship Program. Procedia - Social and Behavioral Sciences, 129, 82–89. https://doi.org/10.1016/j.sbspro.2014.03.651
ena, R. K. (2020). Measuring the impact of business management Student’s attitude towards entrepreneurship education on entrepreneurial intention: A case study. Computers in Human Behavior, 107, 106275.
Jolović, N., & Đuričin, S. (2019). Analysis of the Role of VCFs as Non-banking Financial Institutions in Financing Women’s Entrepreneurship. Journal Women’s Entrepreneurship and Education, 2019(3–4), 33–52. https://doi.org/10.28934/jwee19.34.pp33-52
Kamberidou, I. (2013). Women entrepreneurs:‘we cannot have change unless we have men in the room.’ Journal of Innovation and Entrepreneurship, 2(1), 6.
Kassa, E. T. (2021). Socioeconomic determinants of micro and small enterprise growth in North Wollo and Waghimira Zone selected towns. Journal of Innovation and Entrepreneurship, 10(1), 1–14.
Khan, R. U., Salamzadeh, Y., Shah, S. Z. A., & Hussain, M. (2021). Factors affecting women entrepreneurs’ success: a study of small-and medium-sized enterprises in emerging market of Pakistan. Journal of Innovation and Entrepreneurship, 10(1), 1–21.
Kourilsky, M. L. (1995). Entrepreneurship education: Opportunity in search of curriculum. Center for Entrepreneurial Leadership, Ewing Marion Kauffman Foundation, Kansas City, MO, Available, Available at: http://www.unm.edu/~asalazar/Kauffma.
Kraemer, K. L., & Dedrick, J. (2002). Strategic use of the Internet and e-commerce: Cisco Systems. The Journal of Strategic Information Systems, 11(1), 5–29.
Kuckertz, A., Hinderer, S., & Röhm, P. (2019). Entrepreneurship and entrepreneurial opportunities in the food value chain. Npj Science of Food, 3(1), 1–5. https://doi.org/10.1038/s41538-019-0039-7
Kummitha, H. R., & Kummitha, R. K. R. (2021). Sustainable entrepreneurship training: A study of motivational factors. International Journal of Management Education, 19(1), 100449. https://doi.org/10.1016/j.ijme.2020.100449
Küttim, M., Kallaste, M., Venesaar, U., & Kiis, A. (2014). Entrepreneurship education at university level and students’ entrepreneurial intentions. Procedia-Social and Behavioral Sciences, 110, 658–668.
Liu, H., Kulturel-Konak, S., & Konak, A. (2021). A measurement model of entrepreneurship education effectiveness based on methodological triangulation. Studies in Educational Evaluation, 70(March 2020), 100987. https://doi.org/10.1016/j.stueduc.2021.100987
Maxwell, J. A. (2012). Qualitative research design: An interactive approach (Vol. 41). Sage publications.
Minniti, M., & Naudé, W. (2010). What do we know about the patterns and determinants of female entrepreneurship across countries? In The European Journal of Development Research (Vol. 22, pp. 277–293). Springer.
Morales, G. L. O., Aguilar, J. C. R., & Morales, K. Y. L. (2022). Culture as an obstacle for entrepreneurship. Journal of Innovation and Entrepreneurship, 11(1), 1–14.
Moses, C., & Mordi, C. (2010). Women entrepreneurship development in Nigeria: The effect of environmental factors. BULETINUL Universitatii Petrol-Gaze Din Ploie~ Ti, 62(4), 43–52.
Mueller, S. (2012). The mature learner: understanding entrepreneurial learning processes of university students from a social constructivist perspective. Aberdeen Business School, PhD, 1–221. https://openair.rgu.ac.uk/handle/10059/789
Mwatsika, C. (2021). Reflecting on perceived failure of entrepreneurship development initiatives to help ignite economic development in Malawi. Journal of Innovation and Entrepreneurship, 10(1), 1–24.
Oosterbeek, H., Van Praag, M., & Ijsselstein, A. (2010). The impact of entrepreneurship education on entrepreneurship skills and motivation. European Economic Review, 54(3), 442–454.
Peter, P. W., & Munyithya, H. M. (2015). The gender factor influence on entrepreneurial success in Kitui County, Kenya. International Journal of Education and Research, 3(7), 13–32.
Piperopoulos, P. (2012). Could higher education programmes, culture and structure stifle the entrepreneurial intentions of students? Journal of Small Business and Enterprise Development, 19(3), 461–483. https://doi.org/10.1108/14626001211250162
Raheem, F., Baloch, Q. B., & Shah, S. M. A. (2019). Socio-Economic Factors Affecting Performance of Women Entrepreneurship in Khyber Pakhtunkhwa. Abasyn University Journal of Social Sciences, 12(1).
Rudhumbu, N., du Plessis, E. C. (Elize), & Maphosa, C. (2020). Challenges and opportunities for women entrepreneurs in Botswana: revisiting the role of entrepreneurship education. Journal of International Education in Business, 13(2), 183–201. https://doi.org/10.1108/JIEB-12-2019-0058
Salle, L., Llull, R., Llucanes, C., Salle, L., Llull, R., & Llucanes, C. (2012). A Constructivist Approach for Technology-based Entrepreneurship Ferran Giones * Francesc Miralles Bernhard Katzy. June. https://doi.org/10.13140/2.1.1447.4241
Saunders, M., Lewis, P., & Thornhill, A. (2009). Research methods for business students. Pearson education.
Sonja, Đ., & Olivera, P. (2015). The Development of Micro-crediting as a Factor of Promoting Women ’ s Entrepreneurship in Serbia. Journal of Women’s Entrepreneurship and Education, 2(1–2), 50–66.
Stamboulis, Y., & Barlas, A. (2014). Entrepreneurship education impact on student attitudes. International Journal of Management Education, 12(3), 365–373. https://doi.org/10.1016/j.ijme.2014.07.001
Steininger, D. M. (2019). Linking information systems and entrepreneurship: A review and agenda for IT†associated and digital entrepreneurship research. Information Systems Journal, 29(2), 363–407.
Streeter, D. H., Jaquette Jr, J. P., & Hovis, K. (2002). University-wide entrepreneurship education: Alternative models and current trends.
Ukanwa, I., Xiong, L., & Anderson, A. (2018). Experiencing microfinance: Effects on poor women entrepreneurs’ livelihood strategies. Journal of Small Business and Enterprise Development, 25(3), 428–446. https://doi.org/10.1108/JSBED-02-2017-0043
Vandefan, A. T. M. (2019). Assessing Institutional Founding Sources and Challenges Facing Women Entrepreneurs in Nigeria. Journal Women’s Entrepreneurship and Education, 2019(1–2), 71–79. https://doi.org/10.28934/jwee19.12.pp71-79
von Graevenitz, G., Harhoff, D., & Weber, R. (2010). The effects of entrepreneurship education. Journal of Economic Behavior and Organization, 76(1), 90–112. https://doi.org/10.1016/j.jebo.2010.02.015
Vossenberg, S. (2013). Women Entrepreneurship Promotion in Developing Countries: What explains the gender gap in entrepreneurship and how to close it. Maastricht School of Management Working Paper Series, 8(1), 1–27.
Weerakoon, C., McMurray, A. J., Rametse, N., & Arenius, P. (2020). Knowledge creation theory of entrepreneurial orientation in social enterprises. Journal of Small Business Management, 58(4), 834–870. https://doi.org/10.1080/00472778.2019.1672709
Welsh, D. H. B., Tullar, W. L., & Nemati, H. (2016). Entrepreneurship education: Process, method, or both? Journal of Innovation and Knowledge, 1(3), 125–132. https://doi.org/10.1016/j.jik.2016.01.005
Westhead, P., & Solesvik, M. Z. (2016). Entrepreneurship education and entrepreneurial intention: Do female students benefit? International Small Business Journal, 34(8), 979–1003.
Yin, R. K. (2018). Case study research and applications. Design and Methods. Los Angeles.
Zahra, S. A., & Wright, M. (2016). Understanding the Social Role of Entrepreneurship. Journal of Management Studies, 53(4), 610–629. https://doi.org/10.1111/joms.12149