DEVELOPING EXPERIENTIAL ENTREPRENEURIAL LEARNING AND ENTREPRENEURIAL READINESS AMONG BUSINESS STUDENT IMPLEMENTERS IN A BUSINESS SCHOOL-BASED ENTREPRENEURSHIP HUB
Keywords:
Experiential Entrepreneurial Learning, Entrepreneurial Readiness, Entrepreneurship Hub, Student Business Implementers, Entrepreneurship EducationAbstract
This study critically discussed the effects of developing experiential entrepreneurial learning and entrepreneurial readiness among business student implementers in a business school based entrepreneurship hub with the Entrepreneurship and Innovation Hub, Faculty of Management Sciences, University of Lagos, Nigeria, as the institutional context. The study had two objectives, to examine the effect of EEFL practices on entrepreneurial readiness and to analyse the role of the ecosystem of entrepreneurship hubs in improving entrepreneurial competence and implementation capacity among student entrepreneurs. A mixed methods approach with quantitative and qualitative methods was used to design the study. The number of samples in this study was 210 business implementers who were students and had been determined using descriptive statistics, Pearson Product Moment Correlation, Multiple regression analysis for quantitative analysis, and thematic qualitative analysis as the analysis technique. Results indicated that experiential entrepreneurial learning had a significant positive effect on entrepreneurial confidence, innovation capability, opportunity recognition competence, entrepreneurial self-efficacy, and entrepreneurial venture implementation preparedness of the participants. It also explained that entrepreneurship hubs were strategic experiential ecosystems that had the capability of enhancing entrepreneurship readiness through entrepreneurship experience, mentorship, co-learning, and engaging in innovation. The study concluded that experiential entrepreneurial learning was an important mechanism in addressing this conundrum of entrepreneurship education and entrepreneurial employability outcomes in higher education institutions.
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