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Theoretical foundations on the entrepreneurial potential

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Detalhes bibliográficos
Resumo:In this paper we present a theoretical model of entrepreneurial potential. First, we highlight the relevance of individual factors on the entrepreneurship process as they are possible to control and monitor by the entrepreneur. Next, we revise the literature on the main characteristics of entrepreneurs, which are on the basis of the entrepreneurial potential model. Based on the literature, we then suggest that entrepreneurial potential includes four main dimensions entrepreneurial motivations, psychological competencies, social competencies, and management competencies. These major competences, in turn, are constituted by eleven specific competences: desire for independence, economic motivation, entrepreneurial self-efficacy, vision, resource mobilization capacity, leadership capacity, innovation capacity, emotional intelligence, resilience, communication and persuasion capacity, and network development capacity. Finally, we discuss the importance of assessing entrepreneurial potential at universities and entrepreneurship centres.
Autores principais:Curral, Luis
Outros Autores:Santos, Susana Correia; Caetano, António
Assunto:Entrepreneurship Entrepreneurial potential
Ano:2013
País:Portugal
Tipo de documento:artigo
Tipo de acesso:acesso aberto
Instituição associada:Universidade de Lisboa
Idioma:inglês
Origem:Repositório da Universidade de Lisboa
Descrição
Resumo:In this paper we present a theoretical model of entrepreneurial potential. First, we highlight the relevance of individual factors on the entrepreneurship process as they are possible to control and monitor by the entrepreneur. Next, we revise the literature on the main characteristics of entrepreneurs, which are on the basis of the entrepreneurial potential model. Based on the literature, we then suggest that entrepreneurial potential includes four main dimensions entrepreneurial motivations, psychological competencies, social competencies, and management competencies. These major competences, in turn, are constituted by eleven specific competences: desire for independence, economic motivation, entrepreneurial self-efficacy, vision, resource mobilization capacity, leadership capacity, innovation capacity, emotional intelligence, resilience, communication and persuasion capacity, and network development capacity. Finally, we discuss the importance of assessing entrepreneurial potential at universities and entrepreneurship centres.