The perception of success in the halal market: developing a halal entrepreneurship success scale

Purpose The purpose of this paper is to examine how Halal entrepreneurs perceive success and accordingly develop a novel scale to measure Halal entrepreneurship success. Design/methodology/approach A sequential mixed methodology was used to develop the Halal entrepreneurship success scale (HESS). The qualitative phase began with a literature review to gain insights into (Halal) entrepreneurship success and identify gaps. Ten respondents were then interviewed to understand how they perceive success. The scale items were then generated based on insights from the literature and the interview findings. The quantitative phase was carried out in two cycles. In the first cycle, a questionnaire was developed and pilot data were collected from a representative sample of 100 respondents. In the second cycle, the revised scale was tested on 300 respondents to confirm its final items and dimensions. Exploratory factor analysis and confirmatory factor analysis were used in the quantitative phase. Findings The final HESS scale contains 24 items divided into four dimensions: Islamic success (seven items), economic success (six items), social success (five items) and environmental success (six items). Originality/value This scale is perhaps the first to measure entrepreneurial success in its association with religion. It is expected to be a useful contribution to entrepreneurship theory and the Halal industry. The paper presents a foundation for future works on how to define the measures of success of Halal entrepreneurs.

The impact of trust on social and financial capital acquisition: A resource integration perspective in minority-owned entrepreneurial organisations

Although effective resource integration is a critical requisite for entrepreneurial success, the literature suggests there are crucial gaps for minority entrepreneurs. We examine how interracial distrust (ID), an indicator of the extent to which minority entrepreneurs distrust other races, is related to internal and social capital. We examine the relationships of such capitals on the willingness to borrow from banks and friends, and explore the link with firm performance. Using a sample of 276 primarily African American entrepreneurs, we find support for most of our hypotheses. We find that ID is negatively associated with external social capital and a willingness to borrow from banks. Surprisingly, we found that ID had a negative effect on internal social capital and a willingness to borrow from friends. We also found that internal and external social capital was positively related to firm performance. We discuss the implications of some of these surprising research findings as well as the policy implications.

Investigating Entrepreneurial Success Factors of Businesses Owned by Nigerian Women in the UK

The aim of this study is to investigate the entrepreneurial success factors of Nigerian women entrepreneurs based in the UK. An exploratory case study approach was used to gather the primary data from 15 small businesses run by Nigerian women entrepreneurs in the UK. The data collection was conducted through face-to-face semi-structured interviews, observations, and published sources. The data was thematically analysed using NVivo. The main findings indicated that Nigerian women entrepreneurs in the UK primarily depend on personal traits, self-funding, work experience, personal satisfaction, physical networking, and family support for business success. The most significant entrepreneurial success factor was the personal success factor. The study provided feasible recommendations for Nigerian women entrepreneurs based in the UK to put emphasis on environmental success factors and online networking, taking advantage of social media platforms for easy and quicker reach of more customers and business partners.

Entrepreneurial Success and Opportunities for Women and Female Youth in Pakistan

Entrepreneurship adventures and small business setups run and controlled by Pakistani youth and particularly students have a crucial economic and social impact. The white-collar professions are more preferred and pursued as compared to business models and trading opportunities. The factors considered for Pakistani entrepreneurs are entrepreneurial traits, development of creative leadership capabilities, overcoming the tyranny of fear, perfectionism and criticism, creative thinking, and development of business ideas. Role of women as entrepreneurs in Pakistan is central, and women's participation is vital for the prosperity of the economy of Pakistan. The collection of data and type of business involved demonstrate that the key factors and challenges are entrepreneurial characteristics and traits, employee requirements, motivation to become entrepreneurs, factors and challenges in development of business, profitability, sustainability, and success story.

Role of Technological Knowledge and Entrepreneurial Orientation on Entrepreneurial Success: A Mediating Role of Psychological Capital

This study pursues to build the conceptual model of entrepreneurial success (ES) that discusses the concept and phenomenon of ES and its perquisites and outcomes. This proposed mode anticipated that factors technological knowledge (TK), entrepreneurial orientation (EO), and psychological knowledge influence ES. This paper explains previous literature on perquisites, the phenomenon of TK, EO and psychological knowledge, and ES. This conceptual paper targets the scholarly works that provide support for the proposed model. A significant contribution of this paper is to propose an original relationship between prerequisites, phenomena, and consequences in ES. The proposed model shows a novel conceptualization of how these constructs may be connected to affect ES outcomes. This study enhances the literature by providing the theoretical literature of forerunners and outcomes for ES. In addition, this study has important implications for practitioners and entrepreneurs to generate success in entrepreneurial activities. Based on new insights, this study also developed and suggested new approaches and opportunities for future research.

MERDEKA BELAJAR-KAMPUS MERDEKA IN DEVELOPING BUSINESS ENTREPRENEURS

Merdeka Belajar-Kampus Merdeka is an innovative breakthrough program in building human resources full of creativity and innovation with the aim of being able to compete in the global arena. This breakthrough program policy is seen in the perspective of fostering an entrepreneurial spirit aimed at preparing students to become strong graduates, relevant to the needs of the times, and ready to become leaders with a high spirit of nationalism. Students who are currently studying at tertiary institutions, must be prepared to become true learners who are skilled, flexible and resilient (agile learners). The keywords in entrepreneurship are creativity and innovation. Emphasis on these two aspects can be seen from the learning process. Increasing and even changing the mental structure of students is expected to be oriented to innovation and creativity that have economic value. Entrepreneurial success is a part of the process of creativity and innovation, this is in line with what was stated by Schumpeter (1934) about the destruction of value in an established market structure. Entrepreneurs offer value that can change the structure of an established market. These values are formulated based on creativity and innovation.

The Impact of Micro and Macro Environment on Entrepreneurial Success: Case of J&K MSMEs

The present research is focussed on examining the influence of micro- and macro-environmental factors on entrepreneurial success; and the impact of entrepreneurial success on perceived socio-economic benefits in the Jammu and Kashmir (J&K) micro, small and medium enterprises (MSMEs) sector. The information was gathered from 373 entrepreneurs of MSME from different industrial areas of J&K (India). Structural equation modelling (SEM) has been applied to study the relationship among various variables and to develop the model. The findings of the study showed that various micro- and macro-environmental factors significantly influence entrepreneurial success in J&K (India). Furthermore, the study also depicted that entrepreneurial success has a significantly positive impact on perceived socio-economic benefits in J&K (India). Finally, an entrepreneurial environmental and entrepreneurial success model was also developed for strategizing socio-economic development in J&K (India). The study suggests economists and policymakers to use entrepreneurship as an engine to stimulate economic growth, generate job opportunities and overcome poverty. The present study collected information from entrepreneurs of MSMEs operating in different districts of J&K (India). The study is imperative because of its empirical nature within the area of the business environment, entrepreneurial success and its perceived socio-economic impact on the J&K’s MSMEs sector, as little has been done in this area.

Farmers’ Perception of Entrepreneurial Success: Evidence from the Greek Reality

The purpose of this paper is to evaluate the perceptions of Greeks-farmers regarding success and to investigate the factors that are considered as indicators to explain, predict, and determine perceptional entrepreneurial success. This research focuses on existing agricultural enterprises as more than 400 randomly selected agricultural enterprises compose the survey’s sample. The main research method is through structured questionnaires. A series of multivariate analyses were conducted to examine the data. A stepwise procedure was used to identify the relevant variable and the significant ones were identified based on the ‘F’ test. The results of a discriminant analysis indicate that seven predictors (internal LOC, pull motivation, push motivation, internal funding, innovativeness, entrepreneurial capacity, and educational background) have a significant impact on the dependent variable “perceived entrepreneurial success”. Pull motivation is the most important variable to discriminate the groups. The value of this study lies in the fact that it is an original attempt to assess the parameters that could explain the perceived entrepreneurial success of agripreneurs; a focus that is lacking in previous studies.