Developing new opportunities, entrepreneurial skills and product/service creativity: A ‘Young Enterprise’ (YE) perspective

Journal article

Fearon, C., M. Furlotti, van Vuuren, W. and McLaughlin, H. 2019. Developing new opportunities, entrepreneurial skills and product/service creativity: A ‘Young Enterprise’ (YE) perspective. Studies in Higher Education. 46 (6), pp. 1081-1098. https://doi.org/10.1080/03075079.2019.1672643
AuthorsFearon, C., M. Furlotti, van Vuuren, W. and McLaughlin, H.
Abstract

The purpose of this research is to investigate how Young Enterprise (YE) student entrepreneurs develop new product/service opportunities, learn decision-making skills and achieve a sense of entrepreneurial self-efficacy. From a national survey of YE participants in the Netherlands, entrepreneurial self-efficacy was found to partially mediate relationships between new opportunity recognition belief and two key product/service creativity characteristics, namely: (a) new product/service novelty and; (b) new product/service meaningfulness. The ability of YE entrepreneurs to re-scale their new venture strategies, and/or re-adapt products and services were also important real options (or strategic decision-making) moderators in a new social cognitive learning framework. This article contributes to a fresh understanding of the opportunity recognition belief and entrepreneurial decision skills literatures from a social cognitive theoretical perspective. This research also provides much needed empirical support for European YE policy-makers, demonstrating that team-based mini-enterprise education initiatives really do benefit entrepreneurial learners!

KeywordsYoung Enterprise (YE), opportunity recognition belief, entrepreneurial self-efficacy, social cognitive theory, real options
Year2019
JournalStudies in Higher Education
Journal citation46 (6), pp. 1081-1098
PublisherTaylor & Francis
ISSN0307-5079
Digital Object Identifier (DOI)https://doi.org/10.1080/03075079.2019.1672643
Official URLhttps://doi.org/10.1080/03075079.2019.1672643
Publication dates
Online07 Oct 2019
Print03 Jun 2021
Publication process dates
Deposited24 Sep 2019
Accepted19 Sep 2019
Accepted author manuscript
License
File Access Level
Open
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