Educational foundations for resilient Indian entrepreneurs- An empirical study

K. Sumathi; Prabir Chandra Padhy

doi:10.31893/multirev.2024093

Keywords:

Emotional intelligence

entrepreneurial resilience

entrepreneurship education

PLS SEM

social learning theory

Abstract

This study, conducted within the realm of Indian higher education institutions, explores the intricate nexus between entrepreneurial education and the resilience of entrepreneurs, leveraging the framework of social learning theory. Employing a quantitative methodology, specifically Partial Least Squares Structural Equation Modeling (PLS-SEM), our research uncovers a substantial and positive association between the provision of entrepreneurial education and the cultivation of robust entrepreneurial resilience. This underscores the pivotal role of educational initiatives in bolstering individuals' ability to navigate the multifaceted challenges that entrepreneurship presents adeptly. Furthermore, the investigation identifies emotional intelligence as an intermediary factor in this relationship, underscoring the critical function of emotional understanding in amplifying individuals' adaptability and prowess in the entrepreneurial milieu. These findings carry profound implications for academia and policy formulation, accentuating the imperative of infusing emotional intelligence into entrepreneurship education to empower future entrepreneurs for success within the dynamic landscape of Indian entrepreneurship.
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This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

How to cite

Sumathi, K., & Padhy, P. C. (2024). Educational foundations for resilient Indian entrepreneurs- An empirical study. Multidisciplinary Reviews, 7(5), 2024093. https://doi.org/10.31893/multirev.2024093

[1] Acharya, L., Jin, L., & Collins, W. (2018). College life is stressful today–Emerging stressors and depressive symptoms in college students. Journal of American College Health, 66(7), 655–664. https://doi.org/10.1080/07448481.2018.1451869

[2] Arshed, N., Hameed, K., & Saher, A. (2022). Role of Globalization and Education Defining the Incidence of Entrepreneurship. Journal of the Knowledge Economy. https://doi.org/10.1007/S13132-022-01065-Z

[3] Bandura , A, D. C. (1986). Differential engagement of self-reactive influences in cognitive motivation. Organizational Behavior and Human Decision Elsevier. https://www.sciencedirect.com/science/article/pii/0749597886900282

[4] Bandura, A., & Walters, R. (1977). Social learning theory. https://books.google.com/books?hl=en&lr=&id=rGMPEAAAQBAJ&oi=fnd&pg=PA141&dq=Bandura,+1977&ots=SuEXCl2OeB&sig=MH9q1RbnUEZTJ-iWEUqZHYT-uyA

[5] Bar-On, R. (1997). BarOn emotional quotient inventory. http://www.eitrainingcompany.com/wp-content/uploads/2009/04/eqi-133-resource.pdf

[6] Baron, R. A., & Markman, G. D. (2000). Beyond social capital: How social skills can enhance entrepreneurs" success. Academy of Management Executive, 14(1), 106–114. https://doi.org/10.5465/AME.2000.2909843

[7] Bell, R., & Bell, H. (2020). Applying educational theory to develop a framework to support the delivery of experiential entrepreneurship education. Journal of Small Business and Enterprise Development, 27(6), 987–1004. https://doi.org/10.1108/JSBED-01-2020-0012/FULL/HTML

[8] Buli, B. M., & Yesuf, W. M. (2015). Determinants of entrepreneurial intentions: Technical-vocational education and training students in Ethiopia. Education and Training, 57(8–9), 891–907. https://doi.org/10.1108/ET-10-2014-0129/FULL/HTML

[9] Campbell‐Sills, L., Stress, M. S.-J. of T., & 2007, undefined. (2007). Psychometric analysis and refinement of the connor–davidson resilience scale (CD‐RISC): Validation of a 10‐item measure of resilience. Wiley Online LibraryL Campbell‐Sills, MB SteinJournal of Traumatic Stress: Official Publication of The, 2007•Wiley Online Library, 20(6), 1019–1028. https://doi.org/10.1002/jts.20271

[10] Cardon, M. S., Post, C., & Forster, W. R. (2017). Team entrepreneurial passion: Its emergence and influence in new venture teams. Academy of Management Review, 42(2), 283–305. https://doi.org/10.5465/AMR.2014.0356

[11] Carmeli, A., Brueller, D., & Dutton, J. E. (2009). Learning behaviours in the workplace: The role of high-quality interpersonal relationships and psychological safety. Systems Research and Behavioral Science, 26(1), 81–98. https://doi.org/10.1002/SRES.932

[12] Chin W.W, Vinzi, V., Henseler, J., & Wang, H. (2010). Handbook of partial least squares. https://link.springer.com/content/pdf/10.1007/978-3-540-32827-8.pdf

[13] Cooper, C. L., Liu, Y., & Tarba, S. Y. (2014). Resilience, HRM practices and impact on organizational performance and employee well-being. The International Journal of Human Resource Management, 25(17), 2466–2471. https://doi.org/10.1080/09585192.2014.926688

[14] Cui, J. (2021). The Influence of Entrepreneurial Education and Psychological Capital on Entrepreneurial Behavior Among College Students. Frontiers in Psychology, 12. https://doi.org/10.3389/FPSYG.2021.755479/FULL

[15] Dana, L.-P., Tajpour, M., Salamzadeh, A., Hosseini, E., & Zolfaghari, M. (2021). The impact of entrepreneurial education on technology-based enterprises development: The mediating role of motivation. Mdpi.Com. https://doi.org/10.3390/admsci11040105

[16] Denanyoh, R., & Adjei, K, G. N. (2015). Factors that impact on entrepreneurial intention of tertiary students in Ghana. Journal of Business and Social Research Researchgate.Net. https://www.researchgate.net/profile/Adjei-Kwabena/publication/328345593_Factors_That_Impact_on_Entrepreneurial_Intention_of_Tertiary_Students_in_Ghana/links/5bc76bafa6fdcc03c78a71e8/Factors-That-Impact-on-Entrepreneurial-Intention-of-Tertiary-Students-in

[17] Duchek, S. (2018). Entrepreneurial resilience: a biographical analysis of successful entrepreneurs. International Entrepreneurship and Management Journal, 14(2), 429–455. https://doi.org/10.1007/S11365-017-0467-2

[18] Foo, M. Der. (2011). Emotions and Entrepreneurial Opportunity Evaluation. Entrepreneurship: Theory and Practice, 35(2), 375–393. https://doi.org/10.1111/J.1540-6520.2009.00357.X

[19] Goleman, D. (1995). Why it can matter more than IQ. E IntelligenceEmotional Intelligence. http://dl.e-bookfa.ir/freebooks/Emotional Intelligence by Daniel Goleman (e-bookfa.ir).pdf

[20] Hägg, G., & Gabrielsson, J. (2020). A systematic literature review of the evolution of pedagogy in entrepreneurial education research. International Journal of Entrepreneurial Behaviour and Research, 26(5), 829–861. https://doi.org/10.1108/IJEBR-04-2018-0272/FULL/HTML

[21] Hair, J. F., Ringle, C. M., & Sarstedt, M. (2011). PLS-SEM: Indeed a silver bullet. Journal of Marketing Theory and Practice, 19(2), 139–152. https://doi.org/10.2753/MTP1069-6679190202

[22] Henry, C., Hill, F., & Leitch, C. (2005). Entrepreneurship education and training: Can entrepreneurship be taught? Part I. Education and Training, 47(2), 98–111. https://doi.org/10.1108/00400910510586524/FULL/

[23] Ho, M. H. R., Uy, M. A., Kang, B. N. Y., & Chan, K. Y. (2018). Impact of Entrepreneurship Training on Entrepreneurial Efficacy and Alertness among Adolescent Youth. Frontiers in Education, 3. https://doi.org/10.3389/FEDUC.2018.00013/FULL

[24] Holland, J. (1999). The role of religious and spiritual beliefs in coping with malignant melanoma: an Israeli sample. Journal of Psychological, Social and Behavioural Dimensions of Cancer,Wiley Online Library. https://onlinelibrary.wiley.com/doi/abs/10.1002/(SICI)1099-1611(199901/02)8:1%3C27::AID-PON334%3E3.0.CO;2-V

[25] Hong, G., Wei, H., & Min, J, L. J. (2018). Teaching reform of embedded system course based on innovation ability cultivation. International IEEE Conference Ieeexplore.Ieee.Org. https://ieeexplore.ieee.org/abstract/document/8589377/

[26] Ismail, K., Anuar, M., & Omar, WZW, A. A. (2015). Entrepreneurial intention, entrepreneurial orientation of faculty and students towards commercialization. Procedia-Social Elsevier. https://www.sciencedirect.com/science/article/pii/S1877042815031900

[27] Jena, R. (2020). Measuring the impact of business management Student’s attitude towards entrepreneurship education on entrepreneurial intention: A case study. Computers in Human Behavior,Elsevier. https://www.sciencedirect.com/science/article/pii/S0747563220300315

[28] Jennifer A. Mangels, B. B. J. L. C. G. C. S. D. (2006). Why do beliefs about intelligence influence learning success? A social cognitive neuroscience model. Social Cognitive and Affective Neuroscience Academic.Oup.Com, 1(2), 75–86. https://academic.oup.com/scan/article-abstract/1/2/75/2362769

[29] Jones, P., Newbery, R., & Underwood, P. (2017). Enhanced entrepreneurial learning through visual experiential learning. Contemporary Issues in Entrepreneurship Research, 7, 197–211. https://doi.org/10.1108/S2040-724620170000007013/FULL/HTML

[30] Kanonuhwa, M., Rungani, E. C., & Chimucheka, T. (2018). The association between emotional intelligence and entrepreneurship as a career choice: A study on university students in South Africa. SA Journal of Human Resource Management, 16. https://doi.org/10.4102/SAJHRM.V16I0.907

[31] Korber, S., & McNaughton, R. B. (2018). Resilience and entrepreneurship: a systematic literature review. International Journal of Entrepreneurial Behaviour and Research, 24(7), 1129–1154. https://doi.org/10.1108/IJEBR-10-2016-0356/FULL/HTML

[32] Lent, R. W., & Brown, S. D. (2008). Social cognitive career theory and subjective well-being in the context of work. Journal of Career Assessment, 16(1), 6–21. https://doi.org/10.1177/1069072707305769

[33] Montoro-Fernández, E, A. C.-G. (2022). Entrepreneurial Resilience: A Case Study on University Students. International Journal of Environmental Research and Public Health Mdpi.Com. https://www.mdpi.com/1660-4601/19/5/2589

[34] Nabi, G., LiñáN, F., Fayolle, A., Krueger, N., & Walmsley, A. (2017). The impact of entrepreneurship education in higher education: A systematic review and research agenda. Academy of Management Learning and Education, 16(2), 277–299. https://doi.org/10.5465/AMLE.2015.0026

[35] Nazari, N., & SH Abd Rani. (2021). Entrepreneurship education and entrepreneurial competencies among university students. Voice of Academia Iz r.Uitm.Edu.My. https://ir.uitm.edu.my/id/eprint/65621/

[36] Nguyen, H. T. N., Nguyen, H. T. T., Truong, A. T. L., Nguyen, T. T. P., & Nguyen, A. Van. (2023). Entrepreneurial culture and innovative work behaviour: the mediating effect of psychological empowerment. Journal of Entrepreneurship in Emerging Economies, 15(2), 254–277. https://doi.org/10.1108/JEEE-04-2021-0132/FULL/HTML

[37] Nwosu, H., Obidike, P., & Ugwu, JN, C. (2022). Applying social cognitive theory to placement learning in business firms and students’ entrepreneurial intentions. International Journal of Udeze. https://www.sciencedirect.com/science/article/pii/S1472811722000040

[38] Omorede, A., Thorgren, S., & Wincent, J. (2014). Entrepreneurship psychology: a review. International Entrepreneurship and Management Journal, 11(4), 743–768. https://doi.org/10.1007/S11365-014-0307-6

[39] Othman, N., & Tengku Muda, T. N. A. A. (2018). Emotional intelligence towards entrepreneurial career choice behaviours. Education and Training, 60(9), 953–970. https://doi.org/10.1108/ET-07-2017-0098/FULL/HTML

[40] Parker, J., Sr, R. C., & … D. B.-. (2004). Academic achievement in high school: Does emotional intelligence matter? Personality and Individual Differences Elsevier. https://www.sciencedirect.com/science/article/pii/S0191886904000121

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