Effect of Skill Acquisition on Entrepreneurship Development among Students in China

Authors

  • Razak Wu Qiang Peking University
  • Ji Yeung Peking University
  • Min Wi Matlay Peking University

DOI:

https://doi.org/10.53819/81018102t5060

Abstract

Entrepreneurship growth is regarded as a critical linkage to the total economic development of a country through its positive influence on economic development, particularly at the lower levels. The study sought to determine the effects of skill acquisition on entrepreneurship development among students in China. The study depended on the preceding findings to make the inferences. The study findings indicated that skill acquisition significantly impacts entrepreneurship development. Entrepreneurship education provides essential abilities, skills, motivation and awareness to learners. Entrepreneurship education is crucial to restoring stagnated economics, promoting growth and lowering joblessness by offering new job opportunities. Entrepreneurship skill acquisition programs in learning institutions provide the knowledge required to exploit entrepreneurial opportunities, which usually assists economic growth. The China government has implemented numerous entrepreneurship development programs by bringing in entrepreneurship training courses and developing various departments dealing with entrepreneurship in numerous tertiary institutions to equip aspiring entrepreneurs with relevant skills. The study concluded that entrepreneurship skills spur development. The study recommended that tertiary institutions intensify entrepreneurial skills acquisition and training and more graduates will begin new sustainable businesses/ventures. The government, multinational firms and non-governmental organizations should work together and take on a comprehensive method that would undoubtedly result in the acquisition of relevant entrepreneurship skills in technical and vocational education that are likely to boost economic growth. Moreover, up-to-date training and re-training opportunities should be availed to the tertiary institutions in the Whole of China.

Keywords: Skill Acquisition, Entrepreneurship Development, Students, China

Author Biographies

Razak Wu Qiang, Peking University

Postgraduate student, Peking University

Ji Yeung, Peking University

Lecturer, Peking University

Min Wi Matlay, Peking University

Lecturer, Peking University

References

Acharya, S. R., & Chandra, Y. (2019). Entrepreneurship Skills Acquisition through Education: Impact of the Nurturance of Knowledge, Skills, and Attitude on New Venture Creation. International Journal of Education and Pedogogical Sciences, 13(2).

Ács, Z. J., Szerb, L., & Autio, E. (2019). Global entrepreneurship and development index 2019 (pp. 39-64). Springer Briefs in Economics: Springer. https://doi.org/10.1007/978-3-319-14932-5_4

Boldureanu, G., Ionescu, A. M., Bercu, A. M., Bedrule-Grigoruță, M. V., & Boldureanu, D. (2020). Entrepreneurship education through successful entrepreneurial models in higher education institutions. Sustainability, 12(3), 1267.

https://doi.org/10.3390/su12031267

Button, C., Seifert, L., Chow, J. Y., Davids, K., & Araujo, D. (2020). Dynamics of skill acquisition: An ecological dynamics approach. Human Kinetics Publishers. https://doi.org/10.5040/9781718214125

Chan, S. (2019). The Chinese learner-a question of style. Education+ Training.

Cruz, A. D., Hamilton, E., & Jack, S. L. (2018). Understanding entrepreneurial cultures in family businesses: A study of family entrepreneurial teams in Honduras. Journal of Family Business Strategy, 3(3), 147-161. https://doi.org/10.1016/j.jfbs.2012.05.002

Dana, L. P. (2021). Religion as an explanatory variable for entrepreneurship. In World Encyclopedia of Entrepreneurship. Edward Elgar Publishing. https://doi.org/10.4337/9781839104145.00068

Doh, S. (2020). Social Entrepreneurship and regional economic development: The case of social enterprise in South Korea. Sustainability, 12(21), 8843. https://doi.org/10.3390/su12218843

Ekpe, I., Razak, R. C., Ismail, M., & Abdullah, Z. (2021). Entrepreneurial skill acquisition, psycho-social factors and youth's self-employment in Malaysia. Journal of Entrepreneurship Education, 19(2), 78.

Eunice Abdul, O. (2018). Entrepreneurial skills and growth of Small and Medium Enterprise (SMEs): A comparative analysis of Venezuela entrepreneurs and Minority entrepreneurs in the UK. https://doi.org/10.6007/IJARBSS/v8-i5/4083

Hassan, H. K. (2020). Intention towards social entrepreneurship of university students in an emerging economy: the influence of entrepreneurial self-efficacy and entrepreneurship education. On the Horizon. https://doi.org/10.1108/OTH-04-2020-0012

Holloway, S. L., & Pimlott-Wilson, H. (2021). Solo self-employment, entrepreneurial subjectivity and the security-precarity continuum: Evidence from private tutors in the supplementary education industry. Environment and Planning A: Economy and Space, 53(6), 1547-1564. https://doi.org/10.1177/0308518X211009237

Lazear, E. P. (2019). Balanced skills and entrepreneurship. American Economic Review, 94(2), 208-211. https://doi.org/10.1257/0002828041301425

Mair, J., & Noboa, E. (2020). Social entrepreneurship: How intentions to create a social venture are formed. In Social entrepreneurship (pp. 121-135). Palgrave Macmillan, London. https://doi.org/10.1057/9780230625655_8

Matlay, H. (2018). The impact of entrepreneurship education on entrepreneurial outcomes. Journal of small business and enterprise development.

Oosterbeek, H., Van Praag, M., & Ijsselstein, A. (2021). The impact of entrepreneurship education on entrepreneurship skills and motivation. European economic review, 54(3), 442-454.

Perez Fernandez, H., Rodriguez Escudero, A. I., Martín Cruz, N., & Delgado García, J. B. (2021). The impact of social capital on entrepreneurial intention and its antecedents: Differences between social capital online and offline. BRQ Business Research Quarterly, 23409444211062228. https://doi.org/10.1177/23409444211062228

Ramasamy, B., Goh, K. W., & Yeung, M. C. (2019). Is guanxi (relationship) a bridge to knowledge transfer? Journal of business research, 59(1), 130-139. https://doi.org/10.1016/j.jbusres.2005.04.001

Ronstadt, R. (2021). The educated entrepreneurs: A new era of entrepreneurial education is beginning. American journal of small business, 10(1), 7-23. https://doi.org/10.1177/104225878501000102

Solomon, G. T., Alabduljader, N., & Ramani, R. S. (2019). Knowledge management and social entrepreneurship education: lessons learned from an exploratory two-country study. Journal of Knowledge Management. https://doi.org/10.1108/JKM-12-2018-0738

Tok, E. (2020). The incentives and efforts for innovation and Entrepreneurship in a resource-based economy: a survey on perspective of qatari residents. Sustainability, 12(2), 626. https://doi.org/10.3390/su12020626

Turner, T., & Gianiodis, P. (2018). Entrepreneurship unleashed: Understanding entrepreneurial education outside of the business school. Journal of Small Business Management, 56(1), 131-149. https://doi.org/10.1111/jsbm.12365

Wennekers, S., Van Wennekers, A., Thurik, R., & Reynolds, P. (2018). Nascent entrepreneurship and the level of economic development. Small business economics, 24(3), 293-309. https://doi.org/10.1007/s11187-005-1994-8

Downloads

Published

2022-05-13

How to Cite

Qiang, R. W., Yeung, J., & Matlay, M. W. (2022). Effect of Skill Acquisition on Entrepreneurship Development among Students in China. Journal of Entrepreneurship & Project Management, 6(3), 1–10. https://doi.org/10.53819/81018102t5060

Issue

Section

Articles