The Influence Of Self -efficacy And Entrepreneurial Knowledge On Entrepreneurial Interest In Students Of The USU Faculty Of Economics And Business Management Study Program

Feb 28, 2025 by ADMIN 172 views

The Influence of Self-Efficacy and Entrepreneurial Knowledge on Entrepreneurial Interest in Students of the USU Faculty of Economics and Business Management Study Program

Introduction

Entrepreneurship is a vital aspect of economic growth and development, and it is essential to cultivate entrepreneurial interest among students to ensure a bright future for the nation. The University of Surabaya (USU) Faculty of Economics and Business Management Study Program (FEB) has been actively promoting entrepreneurship among its students, but there is a need to understand the factors that influence entrepreneurial interest among them. This study aims to examine the effect of self-efficacy and entrepreneurial knowledge on entrepreneurial interest in students of the USU FEB.

Methodology

This study involved 77 USU FEB students chosen by the Purposive Sampling method. Data analysis was carried out using descriptive methods and multiple linear regression. The results of this study provide valuable insights into the factors that influence entrepreneurial interest among students of the USU FEB.

The Effect of Self-Efficacy and Entrepreneurial Knowledge on Entrepreneurial Interest

Self-efficacy is an individual's belief in his ability to complete tasks or achieve certain goals. In the context of entrepreneurship, self-efficacy refers to the belief of an individual in his ability to start and run his own business. The results of this study indicate that the higher the self-efficacy of students, the higher their interest in entrepreneurship. This can be explained because students with high self-efficacy tend to be confident in their ability to overcome the challenges and obstacles that may be faced in running a business. They are also more optimistic in seeing opportunities and have a strong motivation to achieve success.

Entrepreneurial knowledge is an understanding of various aspects related to entrepreneurship, such as business strategies, financial management, marketing, and business law. This knowledge is important to support success in entrepreneurship. The results of this study indicate that the higher the knowledge of student entrepreneurship, the higher their interest in entrepreneurship. This can be explained because students with high entrepreneurial knowledge have a better understanding of how to build and manage businesses. They are also better prepared to deal with various risks and challenges that may be faced in running a business.

The Role of Self-Efficacy in Entrepreneurial Interest

Self-efficacy plays a crucial role in entrepreneurial interest among students of the USU FEB. Students with high self-efficacy tend to be more confident in their ability to start and run their own business. They are also more optimistic in seeing opportunities and have a strong motivation to achieve success. This is because self-efficacy is a key factor in determining an individual's ability to overcome challenges and obstacles. Students with high self-efficacy are more likely to take risks and pursue their entrepreneurial goals.

The Role of Entrepreneurial Knowledge in Entrepreneurial Interest

Entrepreneurial knowledge is another critical factor in entrepreneurial interest among students of the USU FEB. Students with high entrepreneurial knowledge have a better understanding of how to build and manage businesses. They are also better prepared to deal with various risks and challenges that may be faced in running a business. This is because entrepreneurial knowledge provides students with the necessary skills and expertise to succeed in entrepreneurship.

Implications for Efforts to Increase Student Entrepreneurship Interest

This research has some important implications for efforts to increase student interest in student entrepreneurship. First, students need to improve self-efficacy through various training programs and seminars that build self-confidence and entrepreneurial motivation. Second, it is necessary to increase student entrepreneurship knowledge through programs that provide in-depth understanding of various aspects related to entrepreneurship. In addition, it is essential to create an entrepreneurial ecosystem that supports the campus environment. This can be done by providing business incubator facilities, mentoring programs, and access to the resources needed to start and run a business.

Conclusion

In conclusion, this study provides valuable insights into the factors that influence entrepreneurial interest among students of the USU FEB. The results of this study indicate that self-efficacy and entrepreneurial knowledge are critical factors in determining entrepreneurial interest among students. Students with high self-efficacy and entrepreneurial knowledge are more likely to be interested in entrepreneurship and have a higher motivation to start and run their own business. Therefore, it is essential to provide students with the necessary training and resources to improve their self-efficacy and entrepreneurial knowledge.

Recommendations

Based on the findings of this study, the following recommendations are made:

Improving Self-Efficacy: Students need to improve self-efficacy through various training programs and seminars that build self-confidence and entrepreneurial motivation.
Increasing Entrepreneurial Knowledge: It is necessary to increase student entrepreneurship knowledge through programs that provide in-depth understanding of various aspects related to entrepreneurship.
Creating an Entrepreneurial Ecosystem: It is essential to create an entrepreneurial ecosystem that supports the campus environment. This can be done by providing business incubator facilities, mentoring programs, and access to the resources needed to start and run a business.

Limitations of the Study

This study has some limitations that need to be addressed in future research. First, the sample size of this study is relatively small, and it may not be representative of the entire student population of the USU FEB. Second, the study only examines the effect of self-efficacy and entrepreneurial knowledge on entrepreneurial interest and does not consider other factors that may influence entrepreneurial interest.

Future Research Directions

Future research should aim to address the limitations of this study and provide a more comprehensive understanding of the factors that influence entrepreneurial interest among students of the USU FEB. Some potential research directions include:

Examining the Effect of Other Factors: Future research should examine the effect of other factors that may influence entrepreneurial interest, such as family background, education level, and work experience.
Investigating the Role of Entrepreneurial Ecosystem: Future research should investigate the role of entrepreneurial ecosystem in supporting student entrepreneurship and providing access to resources and networks.
Developing Effective Interventions: Future research should develop effective interventions to improve self-efficacy and entrepreneurial knowledge among students and increase their interest in entrepreneurship.

References

This study was conducted based on the following references:

Bandura, A. (1997). Self-efficacy: The exercise of control. New York: Freeman.
Krueger, N. F., & Brazeal, D. V. (1994). Entrepreneurial potential and enterprise initiation. Entrepreneurship Theory and Practice, 18(3), 5-21.
Shane, S. (2008). The illusions of entrepreneurship: The costly myths that entrepreneurs, investors, and policy makers live by. New Haven: Yale University Press.

Appendices

The following appendices are included in this study:

Appendix A: Questionnaire
Appendix B: Data Analysis
Appendix C: Results

Conclusion

Q: What is self-efficacy, and how does it relate to entrepreneurship?

A: Self-efficacy is an individual's belief in their ability to complete tasks or achieve certain goals. In the context of entrepreneurship, self-efficacy refers to the belief of an individual in their ability to start and run their own business. Students with high self-efficacy tend to be more confident in their ability to overcome challenges and obstacles, and are more optimistic in seeing opportunities.

Q: What is entrepreneurial knowledge, and how does it relate to entrepreneurship?

A: Entrepreneurial knowledge is an understanding of various aspects related to entrepreneurship, such as business strategies, financial management, marketing, and business law. This knowledge is essential to support success in entrepreneurship. Students with high entrepreneurial knowledge have a better understanding of how to build and manage businesses, and are better prepared to deal with various risks and challenges.

Q: What are the implications of this study for efforts to increase student entrepreneurship interest?

A: The results of this study suggest that students need to improve self-efficacy through various training programs and seminars that build self-confidence and entrepreneurial motivation. Additionally, it is necessary to increase student entrepreneurship knowledge through programs that provide in-depth understanding of various aspects related to entrepreneurship. Creating an entrepreneurial ecosystem that supports the campus environment is also essential.

Q: What are some potential limitations of this study?

A: This study has some limitations that need to be addressed in future research. The sample size of this study is relatively small, and it may not be representative of the entire student population of the USU FEB. Additionally, the study only examines the effect of self-efficacy and entrepreneurial knowledge on entrepreneurial interest and does not consider other factors that may influence entrepreneurial interest.

Q: What are some potential future research directions?

A: Future research should aim to address the limitations of this study and provide a more comprehensive understanding of the factors that influence entrepreneurial interest among students of the USU FEB. Some potential research directions include examining the effect of other factors that may influence entrepreneurial interest, investigating the role of entrepreneurial ecosystem, and developing effective interventions to improve self-efficacy and entrepreneurial knowledge.

Q: What are some potential applications of this study?

A: The findings of this study have implications for educators, policymakers, and entrepreneurs. Educators can use the results of this study to develop more effective programs to promote entrepreneurship among students. Policymakers can use the results to inform policies that support entrepreneurship and economic development. Entrepreneurs can use the results to identify areas where they can improve their self-efficacy and entrepreneurial knowledge.

Q: What are some potential challenges to implementing the recommendations of this study?

A: Implementing the recommendations of this study may require significant resources and effort. Educators may need to develop new programs and courses to promote entrepreneurship among students. Policymakers may need to allocate funds to support entrepreneurship and economic development. Entrepreneurs may need to invest time and resources in improving their self-efficacy and entrepreneurial knowledge.

Q: What are some potential benefits of implementing the recommendations of this study?

A: Implementing the recommendations of this study can have numerous benefits, including increased entrepreneurial interest and activity among students, improved economic development, and enhanced social welfare. By promoting entrepreneurship among students, educators and policymakers can help create a more innovative and dynamic economy.

Q: What are some potential next steps for this research?

A: Future research should aim to build on the findings of this study and provide a more comprehensive understanding of the factors that influence entrepreneurial interest among students of the USU FEB. Some potential next steps include conducting a larger and more representative sample, examining the effect of other factors that may influence entrepreneurial interest, and developing effective interventions to improve self-efficacy and entrepreneurial knowledge.

Q: What are some potential implications of this study for the broader entrepreneurship community?

A: The findings of this study have implications for the broader entrepreneurship community. By understanding the factors that influence entrepreneurial interest among students, educators and policymakers can develop more effective programs to promote entrepreneurship and economic development. Entrepreneurs can use the results to identify areas where they can improve their self-efficacy and entrepreneurial knowledge.

Q: What are some potential future directions for this research?

A: Future research should aim to build on the findings of this study and provide a more comprehensive understanding of the factors that influence entrepreneurial interest among students of the USU FEB. Some potential future directions include examining the effect of other factors that may influence entrepreneurial interest, investigating the role of entrepreneurial ecosystem, and developing effective interventions to improve self-efficacy and entrepreneurial knowledge.