IDEAS home Printed from https://ideas.repec.org/a/ibn/assjnl/v12y2016i10p55.html
   My bibliography  Save this article

Business Plan Vs Business Model Canvas in Entrepreneurship Trainings: A Comparison of Students’ Perceptions

Author

Listed:
  • Esra Türko

Abstract

Business model canvas and business plan are prevalent and widespread tools used in entrepreneurship trainings. This study aims to compare the business model canvas and the business plan as tools used in entrepreneurship trainings through the perceptions of business school students, with a user approach. Students were given applied entrepreneurship courses, and have been taught to prepare a business plan and a business model canvas. Then students were asked questions comparing business plan and business model canvas from various aspects. 62% of the students have stated that they find it more difficult to prepare a business plan. On the other hand despite its hardship to prepare, students have stated business model's superiority to BMC on several issues. According to students' statements, compared to BMC, business plan is more clear (64.6%), more useful (60.8%), more realistic in revealing the phases of start-up (77.2%), superior in financial planning (74,7%), superior in marketing planning (67.1%), superior in costs (70.9%), superior in describing customer needs and value propositon (60.7%), superior in production planning and supply chain (68.3%). After providing these statements students were asked which system they liked preparing the most. Answers to this question could not be decisively evaluated. Percentage of positive, negative and neutral statements are very similar. Independent samples t-test was conducted to compare business plan and BMC use perceptions scoring for gender. There was not a significant difference in the scores for female and male students.

Suggested Citation

  • Esra Türko, 2016. "Business Plan Vs Business Model Canvas in Entrepreneurship Trainings: A Comparison of Students’ Perceptions," Asian Social Science, Canadian Center of Science and Education, vol. 12(10), pages 1-55, October.
    • Handle: RePEc:ibn:assjnl:v:12:y:2016:i:10:p:55
    as

    Download full text from publisher

    File URL: https://ccsenet.org/journal/index.php/ass/article/download/60011/33866
    Download Restriction: no
    File URL: https://ccsenet.org/journal/index.php/ass/article/view/60011
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Donald F. Kuratko, 2005. "The Emergence of Entrepreneurship Education: Development, Trends, and Challenges," Entrepreneurship Theory and Practice, , vol. 29(5), pages 577-597, September.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Jacques Arlotto & Philippe Jourdan & Jean-Michel Sahut & Frédéric Teulon, 2012. "Les programmes de formation à l'entrepreneuriat sont-ils réellement utiles ? Le cas des concours pédagogiques de création d'entreprise," Post-Print hal-00956931, HAL.
    2. Muhammad Shahid Qureshi & Saadat Saeed & Syed Waleed Mehmood Wasti, 2016. "The impact of various entrepreneurial interventions during the business plan competition on the entrepreneur identity aspirations of participants," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 6(1), pages 1-18, December.
    3. H. V. Mukesh & Rajasekharan Pillai K., 2020. "Role of Institutional Ecosystem in Entrepreneurship Education: An Empirical Reiteration," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 29(1), pages 176-205, March.
    4. Leonidas A. Zampetakis & Manolis Lerakis & Konstantinos Kafetsios & Vassilis S. Moustakis, 2016. "The moderating role of anticipated affective ambivalence in the formation of entrepreneurial intentions," International Entrepreneurship and Management Journal, Springer, vol. 12(3), pages 815-838, September.
    5. Heiko Bergmann, 2017. "The formation of opportunity beliefs among university entrepreneurs: an empirical study of research- and non-research-driven venture ideas," The Journal of Technology Transfer, Springer, vol. 42(1), pages 116-140, February.
    6. Prof. Walter Ruda & Prof. Thomas A. Martin & Benjamin Danko & Dr. Agnieszka Kurczewska, 2012. "Existenzgründungsintentionen von Studierenden – Ein Entrepreneurship-Vergleich von Polen und Deutschland," Proceedings- 10th International Conference on Mangement, Enterprise and Benchmarking (MEB 2012),, Óbuda University, Keleti Faculty of Business and Management.
    7. Sirje Ustav, 2016. "How Entrepreneurship Education Can be Developed Knowing the Power of Metacognition," Research in Economics and Business: Central and Eastern Europe, Tallinn School of Economics and Business Administration, Tallinn University of Technology, vol. 8(2).
    8. Magnus Hoppe, 2016. "Policy and entrepreneurship education," Small Business Economics, Springer, vol. 46(1), pages 13-29, January.
    9. Michael Stuetzer & Martin Obschonka & Eva Schmitt-Rodermund, 2013. "Balanced skills among nascent entrepreneurs," Small Business Economics, Springer, vol. 41(1), pages 93-114, June.
    10. Janice Byrne & Frédéric Delmar & Alain Fayolle & Wadid Lamine, 2016. "Training corporate entrepreneurs: an action learning approach," Small Business Economics, Springer, vol. 47(2), pages 479-506, August.
    11. Noreen Zahra & Maryam Ahmad, 2017. "Advanced Education and Entrepreneurship: Mediating Role of Information & Communication and Personal Freedom," Business & Economic Review, Institute of Management Sciences, Peshawar, Pakistan, vol. 9(3), pages 217-239, September.
    12. Andrzej Janowski & Olga Gonchar & Ruslan Yakovyshyn, 2023. "Education vs. Entrenpreneurship – Between Theory and Practice: The case of SMEs in Poland," E&M Economics and Management, Technical University of Liberec, Faculty of Economics, vol. 26(1), pages 111-125, March.
    13. Honig, Benson & Samuelsson, Mikael, 2014. "Data replication and extension: A study of business planning and venture-level performance," Journal of Business Venturing Insights, Elsevier, vol. 1, pages 18-25.
    14. Georgeta Florina Bat (Iorga), 2018. "Introductory Elements On Entrepreneurship," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(2), pages 13-20, December.
    15. Eunju Jung & Yongjin Lee, 2020. "College Students’ Entrepreneurial Mindset: Educational Experiences Override Gender and Major," Sustainability, MDPI, vol. 12(19), pages 1-28, October.
    16. Yami, Saïd & M'Chirgui, Zouhaier & Spano, Claude & Gontier Barykina, Olga, 2021. "Reinventing science and technology entrepreneurship education: The role of human and social capitals," Technological Forecasting and Social Change, Elsevier, vol. 164(C).
    17. Hussein-Elhakim Al Issa, 2020. "The Influence of Education and Environmental Support on Entrepreneurial Intentions," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(4), pages 946-965.
    18. Peter T. Gianiodis & William R. Meek, 2020. "Entrepreneurial education for the entrepreneurial university: a stakeholder perspective," The Journal of Technology Transfer, Springer, vol. 45(4), pages 1167-1195, August.
    19. Selomie Daniel & Elmar Steurer & Bernard Wagemann, 2017. "Productive use of renewable energy supporting applied entrepreneurship – Lessons learned from a development project in rural Ethiopia," Proceedings Paper, in: Bode, Jürgen & Freitag, Christine (ed.), Universities, Entrepreneurship and Enterprise Development in Africa - Conference Proceedings 2016, volume 5, pages 7-24, Universities Entrepreneurship and Enterprise Development in Africa International Conference.
    20. von Graevenitz, Georg & Harhoff, Dietmar & Weber, Richard, 2010. "The effects of entrepreneurship education," Journal of Economic Behavior & Organization, Elsevier, vol. 76(1), pages 90-112, October.

    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ibn:assjnl:v:12:y:2016:i:10:p:55. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Canadian Center of Science and Education (email available below). General contact details of provider: https://edirc.repec.org/data/cepflch.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.