Driving Entrepreneurial Success in Thailand Through a Triangle of Entrepreneurship Education, Psychological Capital, and Social Competence

The main aim of the study is to understand the role of entrepreneurial education in entrepreneurial success and the mediating role of psychological capital and the mediating role of social competences between entrepreneurial education and entrepreneurial success. The success of business rises-out of the overall investments in an enterprise. This is not just narrowed to the tangible in-puts only for example “Financial Capital,” however as well as on “In-tangible Resources.” The occupation of entrepreneurship is an extremely stressing work including taking risks and frequently challenging the amount of work, therefore necessitating mental contributions such as psychological capital and entrepreneurial education and learning. In addition, the job of entrepreneurship as well as includes doing business with other individuals of various positions involving clients, partners, labor force and investors, therefore necessitating an entrepreneur or business person to show an excessive amount of social competences so as to relate with other individuals. In the current paper, the sample consists of owners and managers of small firms in Thailand. This paper analyzed the data of owners and managers who are working in micro or small businesses. The sample size of this study consists of 292 respondents. The findings of this paper propose that supporting and educating entrepreneurs or business persons to reinforce their social competence and psychological strength is vital. This paper will enrich the empirical evidence and literature body. Additionally, various institutes will know from this paper that how much entrepreneurial education is important for the success of the business.