The role of entrepreneurial resourcefulness and dynamic capabilities on students’ entrepreneurial intention
Article Sidebar
Main Article Content
Abstract
The research on entrepreneurial resourcefulness (ER) as an antecedent of entrepreneurial intention (EI), especially among young people in resource-constrained environments and institutional voids, is still under-explored. This study investigated the EI of 222 university students through the effects of ER and dynamic capabilities (DC). Results revealed that ER can increase EI both as a second-order variable and a multidimensional construct. The multidimensionality of ER partially mediated by dynamic capabilities enhances the students’ EI. The research found novel insights into ER among young aspiring entrepreneurs, differentiating them from existing entrepreneurs. Thus, it is critical for entrepreneurial education to reflect on the need for ER dimensions like attitude toward frugality, self-control, and financial bootstrapping as core skills for surviving in resource-constrained environments. The study concludes by drawing implications relevant to theory and policy/practice.
Downloads
Metrics
Article Details
A RAE compromete-se a contribuir com a proteção dos direitos intelectuais do autor. Nesse sentido:
- adota a licença Creative Commoms BY (CC-BY) em todos os textos que publica, exceto quando houver indicação de específicos detentores dos direitos autorais e patrimoniais;
- adota software de detecção de similaridades;
- adota ações de combate ao plagio e má conduta ética, alinhada às diretrizes do Committee on Publication Ethics (COPE)
References
Adekiya, A. A., & Ibrahim, F. (2016). Entrepreneurship intention among students: The antecedent role of culture and entrepreneurship training and development. International Journal of Management Education, 14(2), 116-132. https://doi.org/10.1016/j.ijme. 2016.03.001
Alonso, A. D., & Kok, S. A. (2018). Resource-based view and dynamic capabilities approach in the context of a region’s international attractiveness: The recent case of Western Australia. Local Economy, 33(3), 307-328. DOI:10.1177/0269094218765167
Anderson, J. C., & Gerbing, D. W. (1988). Structural equation modeling in practice: A review and recommended two-step approach. Psychological Bulletin, 103(3), 411-423. https://doi.org/10.1037/0033-2909.103.3.411
Badghish, S., Ali, I., Ali, M., Yaqub, M. Z., & Dhir, A. (2023). How does socio-cultural transition help to improve entrepreneurial intentions among women? Journal of Intellectual Capital, 24(4), 900-928. https://doi.org/10.1108/JIC-06-2021-0158
Barrales-Molina, V., Bustinza, Ó. F., & Gutiérrez-Gutiérrez, L. J. (2013). Causes and effects of dynamic capabilities generation. British Journal of Management, 24(4), 571-591. https://doi.org/10.1111/j.1467-8551.2012.00829.x
Block, J.H., Fisch, C. & Hirschmann, M. (2022). The determinants of bootstrap financing in crises: evidence from entrepreneurial ventures in the COVID-19 pandemic. Small Business Economics, 58, 867–885. https://doi.org/10.1007/s11187-020-00445-6
Bodlaj, M. and Čater B. (2018). The impact of environmental turbulence on the perceived importance of innovation and innovativeness in SMEs. Journal of Small Business Management, 57, 417-435. https://doi.org/10.1111/jsbm.12482
Bonesso, S., Gerli, F., Pizzi, C. & Cortellazzo, L. (2018). Students’ Entrepreneurial Intentions: The Role of Prior Learning Experiences and Emotional, Social, and Cognitive Competencies. Journal of Small Business Management, 56(1), 215-252 https://doi.org/10.1111/jsbm.12399
Borges, A. P., Lopes, J. M., Carvalho, C., Vieira, B. M., & Lopes, J. (2021). Education is a key to providing the growth of entrepreneurial intentions. Education+ Training, 63(6), 809-832. https://doi.org/10.1108/ET-03-2020-0052
Bradley, S. W. (2015). Entrepreneurial resourcefulness. In C. L. Cooper, M. H. Morris, & D. F. Kuratko (Eds.), Wiley encyclopedia of management, 3, 1-3.
Bradley, S. W., McMullen, J. S., Atmadja, A., & Artz, K. W. (2011). Self-employed or employing others? Pre-entry capabilities, entrepreneurial action, and the learned resourcefulness of microcredit firm founders. Frontiers of Entrepreneurship Research, 31(19), 2.
Chalmers, D., MacKenzie, N. G., & Carter, S. (2020). Artificial intelligence and entrepreneurship: Implications for venture creation in the fourth industrial revolution. Entrepreneurship Theory and Practice, 45(5), 1028-1053. https://doi.org/10.1177/1042258720934581
Clark, D. R., Pidduck, R. J., Lumpkin, G. T., & Covin, J. G. (2024). Is it okay to study entrepreneurial orientation (EO) at the individual level? Yes!. Entrepreneurship Theory and Practice, 48(1), 349-391. https://doi.org/10.1177/10422587231178885
Donkor, J., Donkor, G. N. A., & Kwarteng, C. K. (2018). Strategic planning and performance of SMEs in Ghana: The moderating effect of market dynamism. Asia Pacific Journal of Innovation and Entrepreneurship, 12(1), 62-76. https://doi.org/10.1108/APJIE-10-2017-0035
Ferreira, J. J., Fernandes, C. I., & Veiga, P. M. (2024). The effects of knowledge spillovers, digital capabilities, and innovation on firm performance: A moderated mediation model. Technological Forecasting and Social Change, 200, 123086. https://doi.org/10.1016/j.techfore.2023.123086
Ferreira, J., Coelho, A., & Moutinho, L. (2020). Dynamic capabilities, creativity, and innovation capability and their impact on competitive advantage and firm performance: The moderating role of entrepreneurial orientation. Technovation, 92/93, 102061. https://doi.org/10.1016/j.technovation.2018.11.004
Fisher, G. (2024). Resourcefulness enactment: The sensemaking process underpinning resourceful actions. Entrepreneurship Theory and Practice, 48(4), 911-940. https://doi.org/10.1177/10422587231205321
Fornell, C., & Larcker, D. F. (1981). Evaluating structural equation models with unobservable variables and measurement error. Journal of Marketing Research, 18(1), 39-50. https://doi.org/10.1177/002224378101800104
Frank, H., Güttel, W., & Kessler, A. (2017). Environmental dynamism, hostility, and dynamic capabilities in medium-sized enterprises. The International Journal of Entrepreneurship and Innovation, 18(3), 185-194. https://doi.org/10.1177/1465750317723219
Gollwitzer, P. M., & Sheeran, P. (2006). Implementation intentions and goal achievement: A meta‐analysis of effects and processes. Advantages in Experimental Social Psychology, 38, 69–119. https://doi.org/10.1016/S0065-2601(06)38002-1
Hair, J. F., Anderson, R. E., Tatham, R. L., & Black, W. C. (1998). Multivariate data analysis (5th ed.). Prentice-Hall.
Hair, J. F., Jr., Howard, M. C., & Nitzl, C. (2020). Assessing measurement model quality in PLS-SEM using confirmatory composite analysis. Journal of Business Research, 109, 101-110. https://doi.org/10.1016/j.jbusres.2019.11.069
Hair, J. F., Risher, J. J., Sarstedt, M., & Ringle, C. M. (2019). When to use and how to report the results of PLS-SEM. European Business Review, 31(1), 2-24. https://doi.org/10.1108/EBR-11-2018-0203
Hair, J., Anderson, R., Tatham, R., & Black, W. (1998). Multivariate data analysis (5th ed.). Prentice Hall.
Handoko, I., & Tjaturpriono, H. A. (2023). The dynamic capabilities of high-turbulent markets: Indonesian start-up cases during COVID-19 pandemic. Entrepreneurship Research Journal, 14(4), 1641-1668. https://doi.org/10.1515/erj-2022-0225
Hossain, M., Simula, H., & Halme, M. (2016). Can frugal go global? Diffusion patterns of frugal innovations. Technology in Society, 46, 132-139. https://doi.org/10.1016/j.techsoc.2016.04.005
Ibidunni, A. S., Esho, E., Adeola, O., & Farai, A. A. (2023). Strategic shift of Developing Economies (DEs) to production and industrialization: The role of informal institutions. RAE-Revista de Administração de Empresas, 63(3), 1-8. https://doi.org/10.1590/S0034-759020230309
Ibidunni, A. S., Kehinde, O. J., Ibidunni, O. M., Olokundun, M. A., Olubusayo, F. H., Salau, O. P., Borishade, T. T. & Peter, F. (2018). Data on the relationships between financing strategies, entrepreneurial competencies and business growth of technology-based SMEs in Nigeria. Data In
Brief, 18, 988–991. https://doi.org/10.1016/j.dib.2018.03.136
Ibidunni, A. S., Mozie, C., & Ayeni, A. W. (2020). Entrepreneurial characteristics among university students: Insights for understanding entrepreneurial intentions among youths in an emerging economy. Education+Training, 63(1), 71-84. https://doi.org/10.1108/ET-09-2019-0204
Ibidunni, A. S., Ufua, D. E., & Opute, A. P. (2022). Linking disruptive innovation to sustainable entrepreneurship within the context of small and medium firms: A focus on Nigeria. African Journal of Science, Technology, Innovation and Development, 14(6), 1591-1607. https://doi.org/10.1080/20421338.2021.1975355
Kaur, V. (2022). Frugal innovation: knowledge-based dynamic capabilities and pandemic response. California Management Review, 64(3). https://cmr.berkeley.edu/2020/06/frugal-innovation/
Kennett, D.J., O’Hagan, F.T., & Cezer, D. (2008). Learned resourcefulness and the long-term benefits of a chronic pain management program. Journal of Mixed Methods Research, 2(4), 317-339. https://doi.org/10.1177/1558689808319732
Khan, E. A., & Quaddus, M. (2020). Financial bootstrapping of informal micro-entrepreneurs in the financial environment: A moderated mediation analysis. International Journal of Sociology and Social Policy, 40(11/12), 1533-1550. https://doi.org/10.1108/IJSSP-07-2019-0138
Khanal, P. B., Aubert, B. A., Bernard, J.-G., Narasimhamurthy, R. & Dé, R. (2022). Frugal innovation and digital effectuation for development: the case of Lucia. Information Technology for Development, 28(1), 81-110. https://doi.org/10.1080/02681102.2021.1920874
Kurtmollaiev, S. (2020). Dynamic capabilities and where to find them. Journal of Management Inquiry, 29(1), 3-16. https://doi.org/10.1177/1056492617730126
Lange, A., Hüsig, S. & Albert, M. (2023). How frugal innovation and inclusive business are linked to tackle low-income markets. Journal of Small Business Management, 61(6), 2588-2621. https://doi.org/10.1080/00472778.2021.1924380
Liu, H.-C., Liang, C., Chang, C.-C., Ip, C. Y., & Liang, C.-T. (2021). Optimizing personality traits and entrepreneurial creativity to boost the precursors of social entrepreneurial intentions: Five Studies in Taiwan. Journal of Social Service Research, 47(1), 10-32. https://doi.org/10.1080/01488376.2019.1708840
López-Sánchez, J. Á., & Santos-Vijande, M. L. (2022). Key capabilities for frugal innovation in developed economies: Insights into the current transition towards sustainability. Sustainability Science, 17, 191-207. https://doi.org/10.1007/s11625-021-01071-1
Lyons, T. S., Lyons, J. S., & Jolley, G. J. (2020). Entrepreneurial skill-building in rural ecosystems: A framework for applying the Readiness Inventory for Successful Entrepreneurship (RISE). Journal of Entrepreneurship and Public Policy, 9(1), 112-136. https://doi.org/10.1108/JEPP-09-2019-0075
Maina, I. & Marks, Z. (2020). Strengthening and Scaling the Next Generation of Women Entrepreneurs in Africa. Retrieved 11 June 2022 from https://africa.harvard.edu/files/african-studies/files/women_entrepreneurship_in_africa_policy_brief_-_next_generation_final.pdf
Malmström, M., & Öqvist, A. (2024). Constructing an Entrepreneurial Identity: How Enterprise Intentions Among Young People are Motivationally Formed. Entrepreneurship Research Journal, 14(1), 187-224. https://doi.org/10.1515/erj-2017-0165
Manzi-Puertas, M. A., Agirre-Aramburu, I., & López-Pérez, S. (2024). Navigating the student entrepreneurial journey: Dynamics and interplay of resourceful and innovative behaviour. Journal of Business Research, 174, 114524. https://doi.org/10.1016/j.jbusres.2024.114524
Michaelis, T. L., Scheaf, D. J., Carr, J. C., & Pollack, J. M. (2022). An agentic perspective of resourcefulness: Self-reliant and joint resourcefulness behaviours within the entrepreneurship process. Journal of Business Venturing, 37(1), 106083. https://doi.org/10.1016/j.jbusvent.2020.106083
Mikalef, P., Boura, M., Lekakos, G., & Krogstie, J. (2019). Big data analytics capabilities and innovation: the mediating role of dynamic capabilities and moderating effect of the environment. British Journal of Management, 30(2), 272-298. https://doi.org/10.1111/1467-8551.12343
Moss, T. W., Loor, D. A. C., & Parada, F. D. (2022). Partnerships as an enabler of resourcefulness in generating sustainable outcomes. Journal of Business Venturing, 37(1), 106089. https://doi.org/10.1016/j.jbusvent.2020.106089
Murnieks, CY, Klotz, AC, Shepherd, DA. (2020). Entrepreneurial motivation: A review of the literature and an agenda for future research. Journal of Organizational Behavior. 41: 115– 143. https://doi.org/10.1002/job.2374
Neneh, B. N. (2019). Customer orientation and performance of women‐owned businesses: A configurational approach. Journal of Small Business Management, 57, 218-243. https://doi.org/10.1111/jsbm.12468
Neumann, T. (2021). The impact of entrepreneurship on economic, social and environmental welfare and its determinants: a systematic review. Management Review Quarterly, 71(3), 553-584. https://doi.org/10.1007/s11301-020-00193-7
Ojong, N., Simba, A. & Dana, L.-P. (2021). Female entrepreneurship in Africa: A review, trends, and future research directions. Journal of Business Research, 132, 233-248. https://doi.org/10.1016/j.jbusres.2021.04.032.
Olokundun, M., Moses, C. L., Iyiola, O., Ibidunni, S., Ogbari, M., Peter, F. & Borishade, T. (2018). The effect of non-traditional teaching methods in entrepreneurship education on students' entrepreneurial interest and business start-ups: A data article. Data in Brief, 19, 16-20. https://doi.org/10.1016/j.dib.2018.04.142
Ploeg, M., Knoben, J., Vermeulen, P., & Beers, C. van. (2021). Rare gems or mundane practice? Resource constraints as drivers of frugal innovation. Innovation, 23(1), 93-126. https://doi.org/10.1080/14479338.2020.1825089
Podsakoff, P. M., MacKenzie, S. B., Lee, J. Y. & Podsakoff, N. P. (2003). Common Method Biases in Behavioural Research: A Critical Review of the Literature and Recommended Remedies,” Journal of Applied Psychology, 88(5), 879–903. https://doi.org/10.1037/0021-9010.88.5.879
Pugalis, L., Round, A., Blackwood, T., & Hatt, L. (2015). The entrepreneurial middle ground: Higher education entry decisions of aspiring entrepreneurs. Local Economy, 30(5), 503-519. https://doi.org/10.1177/0269094215589312
Quagrainie, F. A., Kabalan, A. A. M., Adams, S., & Dankwa, A. D. (2023). 3Ps model of entrepreneurial resourcefulness among micro-youth entrepreneurs. Journal of Entrepreneurship in Emerging Economies, 15(5), 1194-1214. https://doi.org/10.1108/JEEE-07-2021-0276
Reinhardt, R., Gurtner, S. & Griffin, A. (2018). Towards an adaptive framework of low-end innovation capability–a systematic review and multiple case study analysis. Long Range Planning, 51(5),770–796. https://doi.org/10.1016/j.lrp.2018.01.004
Santos, E., Fernandes, C. I., Ferreira, J. J., & Lobo, C. A. (2021). What is the impact of informal entrepreneurship on venture capital flows? Journal of the Knowledge Economy, 12, 2032-2049. https://doi.org/10.1007/s13132-020-00701-w
Santos, S. C., Neumeyer, X., & Morris, M. H. (2019). Entrepreneurship education in a poverty context: An empowerment perspective. Journal of Small Business Management, 57, 6-32. https://doi.org/10.1111/jsbm.12485
Shin, K., Singh, N. K., & Pérez-Nordtvedt, L. (2020). Learning, dynamic capabilities, and firm performance: The case of entrepreneurial firms in the South Korean fashion industry. Entrepreneurship Research Journal, 13(1), 99-130. https://doi.org/10.1515/erj-2020-0098
Simba A, Ojong N, Kuk G. (2021). Bricolage and MSEs in emerging economies. The International Journal of Entrepreneurship and Innovation, 22(2):112-123. doi:10.1177/1465750320969621
Sprafke, N., Externbrink, K., & Wilkens, U. (2012). Exploring micro-foundations of dynamic capabilities: Insights from a case study in the engineering sector. Research in Competence-Based Management, 6(A Focused Issue on Competence Perspectives on New Industry Dynamics), 117-152.
Streukens, S., & Leroi-Werelds, S. (2016). Bootstrapping and PLS-SEM: A step-by-step guide to get more out of your bootstrap results. European Management Journal, 34(6), 618-632. https://doi.org/10.1016/j.emj.2016.06.003
Tang, J., Yang, J., Ye, W. & Khan, S. A. (2021). Now is the time: The effects of linguistic time reference and national time orientation on innovative new ventures. Journal of Business Venturing, 36(5), 106142. https://doi.org/10.1016/j.jbusvent.2021.106142.
Teece, D. J. (2007). Explicating dynamic capabilities: the nature and microfoundations of (sustainable) enterprise performance. Strategic Management Journal, 28(13), 1319-1350. https://doi.org/10.1002/smj.640
Teece, D. J., Pisano, G., & Shuen, A. (1997). Dynamic capabilities and strategic management. Strategic Management Journal, 18, 509-533. https://doi.org/10.1002/(SICI)1097-0266(199708)18:7%3C509::AID-SMJ882%3E3.0.CO;2-Z
Tian, L., Yang, J. Y. & Wei, L. (2018). Speed to legal registration and nascent venture performance: a temporal dilemma for nascent entrepreneurs in an emerging economy. Journal of Small Business Management, 57(2), 476-495. https://doi.org/10.1111/jsbm.12382
Villar, C., Alegre, J., & Pla-Barber, J. (2014). Exploring the role of knowledge management practices on exports: A dynamic capabilities view. International Business Review, 23(1), 38-44. https://doi.org/10.1016/j.ibusrev.2013.08.008
Welter, F., Xheneti, M., & Smallbone, D. (2018). Entrepreneurial resourcefulness in unstable institutional contexts: The example of European Union borderlands. Strategic Entrepreneurship Journal, 12(1), 23-53. https://doi.org/10.1002/sej.1274
Williams, T. A., Zhao, E. Y., Sonenshein, S., Ucbasaran, D., & George, G. (2021). Breaking boundaries to creatively generate value: The role of resourcefulness in entrepreneurship. Journal of Business Venturing, 36(5), 106141. https://doi.org/10.1016/j.jbusvent.2021.106141
Yamane, T. (1967). Statistics: An Introductory Analysis. New York: Harper and Row.