Factors that affect the experience of entrepreneurship in university students. A study in a private institution in Merida, Yucatan, Mexico

Francisco Gerardo Barroso Tanoira, Raúl Alberto Santos Valencia, María Eugenia López Ponce

Abstract


Introduction: It is important to educate young university students for adapting to social, economic and environmental changes in the world. It is not to prepare them just to be employees, but entrepreneurs who could be leaders in their fields, creating jobs and improving people’s quality of life. For this, there are entrepreneurship programs based on high impact project incubation, but there is still the risk of dropping out. For this, the objective of this study was to identify the factors which positively and negatively affect the entrepreneurship experience in university students, from the perception of young students who have already had an incubated project. 

Method: The study approach was qualitative, with an exploratory and descriptive type and a non-experimental and transverse design. The participants were twenty students who have already had an incubated project, registered at the Tax Agency and legally constituted as an enterprise, besides of their involvement in entrepreneurship activities along their education process at the institution. All of them were from a private university situated near Mérida city, Yucatán, in the Southeast of México, acknowledged for its entrepreneurship education as well as for its incubation and acceleration processes. A semi-structured interview guide was used, conducted by the researchers.  

Results: The factors that positively affect students to become entrepreneurs are personal ones, such as intrinsic motivation and the opportunity to be creative and dedicate to an interesting activity, accepting the risks. This is reinforced by the help of the coach, attendance to events, lectures and workshops, as well as constant feedback from expert panels. The ones which negatively affect the entrepreneurial experience are mainly external, such as the lack of monetary funds for living while the project is incubated, because when there are monetary resources, they are just for the project. There are also other internal factors such as the fear for making mistakes and the lack of experience for starting a business. 

Conclusions: The factors which prevent the entrepreneurship development depend on each participant more than in the method. The student must have time for the project and to continue his courses without the need to search for a job for making a living along the incubation. Then, there must be strategies to guarantee time and monetary resources so students don’t have distractors which could become entrepreneurship barriers. Besides, university study plans must be improved for enhancing creativity, innovation and entrepreneurship from initial stages. Incubators must be places for enhancing insertion of new enterprises in nets and create university clusters.

Keywords


entrepreneurs; entrepreneur education; incubation; entrepreneurship; higher education; university cluster; creativity; innovation

Full Text:

PDF XML

References


Al-Mubaraki, H. M. and Busler, M. J. (2017). Challenges and opportunities of innovation and incubators as a tool for knowledge-based economy. Journal of Innovation and Entrepreneurship, 6(15). DOI: https://doi.org/10.1186/s13731-017-0075-y

Ashby, B. (2018). Entrepreneurship. Industrial Heating, 85(5), 14. Available at http://web.a.ebscohost.com/ehost/pdfviewer/pdfviewer?vid=1andsid=ee92f5ea-e96b-4734-9a4a-3cc1170dce0e%40sdc-v-sessmgr05

Aubrey, S. B. (2014). Find Grant Funding Now!: the Five-Step Prosperity Process for Entrepreneurs and Business . Hoboken, New Jersey: Wiley.

Barroso, F. (2012). Pensamiento creativo y competencias emprendedoras de alumnos de licenciatura. Un estudio en el sureste de México. [Creative thinking and entrepreneurship competencies of undergraduate students. A study in the South East of Mexico]. En Memorias del XVI Congreso Internacional de Contaduría, Administración e Informática. FCA-UNAM. Ciudad Universitaria.

Barroso, F. (2013). El emprendimiento como competencia. [Entrepreneurship as a competency] Emprendedores, 143, 52-56.

Barroso, F., Santos, R. A. and Ávila, J.I. (2014). Diseño y validación de un modelo conceptual para el desarrollo de micro y pequeños empresarios con base en sus competencias emprendedoras y rasgos de idiosincrasia. Un estudio en el estado de Yucatán. [Design and validation of a concept model for the development of micro and small Business owners based on their entrepreneurship competencies and idiosyncrasy features]. Proceedings from the XVIII Congreso Internacional de Investigación en Ciencias Administrativas. Academia de Ciencias Administrativas, A. C. Universidad Autónoma de Baja California.

Bennett, D., Pérez-Bustamante, D. and Saura, J. R. (2017). University incubators may be socially valuable, but how effective are they? A case study on business incubators at universities. In M. Peris-Ortiz, J. Alonso-Gómez, J. M. Merigó-Lindahl and C.Rueda-Armengot (Eds.), Entrepreneurial universities. Exploring the academic and innovating dimensions of entrepreneurship. Innovation, technology and knowledge Management (pp. 165-178). U.S.A.: Springer International Publisher.

Blank, S. (2013). Why the lean start-up changes everything, Harvard Business Review, 91(5): 63–72.

Bruneel, J., Ratinho, T., Clarysse, B and Groen, A. (2011) The evolution of business incubators: Comparing demand and supply of business incubator services across different incubator generations. Technovation, 32,110-121.

https://ris.utwente.nl/ws/files/6809752/evolution.pdf

Castaño, M. S., Méndez, M. T. and Galindo, M. A. (2016). Innovation, internationalization and business growth expectations among entrepreneurs in the services sector. Journal of Business Research, 69(5), 1690-1695. DOI: https://doi.org/10.1016/j.jbusres.2015.10.039

Castillo-Vergara, M., Barrios, N., Jofré L., Álvarez-Marín, A. and Acuña-Opazo, C. (2018). Does socioeconomic status influence student creativity? Thinking Skills and Creativity, 29, 142-152. DOI: https://doi.org/10.1016/j.tsc.2018.07.005

Clegg, B. and Birch, P. (2001). Creatividad al instante. [Instant creativity]. México: Gránica.

De Bono, E. (1996). El pensamiento creativo. [Creative thinking]. México: Editorial Paidós Mexicana.

Duarte, F. (2007). Emprendimiento, empresa y crecimiento empresarial. [Entrepreneurship, Business and enterprise growth], Contabilidad y Negocios, 2(3), 46-56. http://www.redalyc.org/articulo.oa?id=281621764007

Duarte, I. (September 30th 2014). Yucatán solo cuenta con 5 incubadoras de negocios [Yucatán has only five business incubators]. Milenio Novedades.

https://sipse.com/milenio/yucatan-incubadoras-negocios-alto-impacto-113946.html

Entrepreneurship. (2014). In Diccionario de la Real Academia Española. [Royal Spanish Academy Dictionary] (23rd. ed.). https://dle.rae.es/emprender#6Snvgcg

Gámez, G. (1998). Todos somos creativos. [We all are creative] Barcelona: Ediciones Urano.

Gupta, P. (2012). The innovation solution. Making innovation more pervasive, predictable and profitable. U.S.A.: Accelper Consulting.

Harper-Anderson, E. and Lewis, D.A. (2018). What makes business incubation work? Measuring the Influence of Incubator Quality and Regional Capacity on Incubator Outcomes, Economic Development Quarterly, 32(1), 60-77.

DOI: https://doi.org/10.1177/08912424177419

Hernández, R., Fernández, C. and Baptista, P. (2014). Metodología de la investigación [Methodology of research] (6ª. ed.). México: Mc. Graw Hill.

Kyndt, E. and Baert, H. (2015). Entrepreneurial competencies: Assessment and predictive value for entrepreneurship. Journal of Vocational Behavior, 90, 13-25.

DOI: https://doi.org/10.1016/j.jvb.2015.07.002

Kwapisz, A. (2019). Do government and legal barriers impede entrepreneurship in the U.S.? An exploratory study of perceived vs actual barriers. Journal of Business Venturing Insights, 11. DOI: https://doi.org/10.1016/j.jbvi.2019.e00114

McAdam, M., K. Miller, and R. McAdam (2016). Situated Regional University Incubation: A Multi-level Stakeholder Perspective, Technovation, 50–51: 69–78

Nair, S. and Blomquist, T. (2019). Failure prevention and management in business incubation: practices towards a scalable business model, Technology Analysis and Strategic

Management, 31(3), 266-278. DOI: 10.1080/09537325.2018.1495325

Robbins, S. P., Coulter, M. and Decenzo, D. A. (2017). Fundamentos de administración [Administration foundations] (8ª. ed.). (M.L. Amador, Trad.) México: Pearson.

Robbins, S. and Judge, T. (2013). Comportamiento Organizacional [Organizational behavior] (15th. ed.) (J. L. Brito, Trad.) México: Pearson.

Rose, D. S. and Hoffman, R. (2014). Angel investing: the Gust guide to making money and having fun investing in startups. New York: John Wiley and Sons, Incorporated.

Saridakis, G., Bochra, I., Hansen, J. M. and Dana, L. P. (2019). SME’s internationalization: When does Innovation matter? Journal of Business Research, 96, 250-263.

DOI: https://doi.org/10.1016/j.jbusres.2018.11.001

Senor, D. and Singer, S. (2011). Start-up nation. The story of Israel’s economic miracle. New York: Twelve.

Start-Up Promotion for Entrepreneurial Resilience (2018). Critical success and failure factors of business incubation in hei. European Union: author/Erasmus+/Key Action 2/Strategic Partnerships.

Taylor, S. J., Bogdan, R. and De Vault, M. L. (2016). Introduction to qualitative Research methods: a guidebook and resource (4th ed.). New Jersey: John Willey and Sons.

Thurik, R. and Wennekers, S. (2004). Entrepreneurship, small business and economic growth. Journal of Small Business and Enterprise Development, 11(1), 140-149.

Van Stel, A, Storey, D. J. and Thurik, R. (2007). The effect of business regulations on nascent and young business entrepreneurship. Small Business Economics, 28(2-3), 171-186. https://link.springer.com/article/10.1007%2Fs11187-006-9014-1




DOI: https://doi.org/10.21640/ns.v12i24.2223

Refbacks

  • There are currently no refbacks.


Copyright (c) 2020 Nova Scientia

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

Scope

Nova Scientia is a multidisciplinary, electronic publication that publishes twice a year in the months of May and November; it is published by the Universidad De La Salle Bajío and aims to distribute unpublished and original papers from the different scientific disciplines written by national and international researchers and academics. It does not publish reviews, bibliographical revisions, or professional applications.

Nova Scientia, year 12, issue 24, May – October 2020, is a biannual journal printed by the Universidad De La Salle Bajío, with its address: Av. Universidad 602, Col. Lomas del Campestre, C. P. 37150, León, Gto. México. Phone: (52) 477 214 3900, http://novascientia.delasalle.edu.mx/. Chief editor: Ph.D. Ramiro Rico Martínez. ISSN 2007 - 0705. Copyright for exclusive use No. 04-2008-092518225500/102, Diffusion rights via computer net 04 - 2008 – 121011584800-203 both granted by the Instituto Nacional del Derecho de Autor.

Editor responsible for updating this issue: Direction of Research Department of the Universidad De La Salle Bajío, last updated on May 15th, 2020.