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

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Developing new opportunities, entrepreneurial skills and product/service creativity : a ‘Young Enterprise’ (YE) perspective. / Fearon, Colm; Furlotti, Marco; van-Vurren, Wim ; McLaughlin, Heather.

In: Studies in Higher Education, 07.10.2019, p. 1-18.

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@article{0213dd80c3914c9ea370de9c0b44037f,
title = "Developing new opportunities, entrepreneurial skills and product/service creativity: a {\textquoteleft}Young Enterprise{\textquoteright} (YE) perspective",
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!",
keywords = "Young Enterprise (YE), opportunity recognition belief, entrepreneurial self- efficacy, social cognitive theory, real options",
author = "Colm Fearon and Marco Furlotti and Wim van-Vurren and Heather McLaughlin",
year = "2019",
month = oct,
day = "7",
doi = "https://doi.org/10.1080/03075079.2019.1672643",
language = "English",
pages = "1--18",
journal = "Studies in Higher Education",
issn = "0307-5079",
publisher = "Taylor & Francis",

}

RIS

TY - JOUR

T1 - Developing new opportunities, entrepreneurial skills and product/service creativity

T2 - a ‘Young Enterprise’ (YE) perspective

AU - Fearon, Colm

AU - Furlotti, Marco

AU - van-Vurren, Wim

AU - McLaughlin, Heather

PY - 2019/10/7

Y1 - 2019/10/7

N2 - 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!

AB - 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!

KW - Young Enterprise (YE)

KW - opportunity recognition belief

KW - entrepreneurial self- efficacy

KW - social cognitive theory

KW - real options

UR - http://www.scopus.com/inward/record.url?scp=85074009888&partnerID=8YFLogxK

U2 - https://doi.org/10.1080/03075079.2019.1672643

DO - https://doi.org/10.1080/03075079.2019.1672643

M3 - Article

SP - 1

EP - 18

JO - Studies in Higher Education

JF - Studies in Higher Education

SN - 0307-5079

ER -