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Assessing students’ entrepreneurial skills needed in the Knowledge Economy

Author

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  • Bejinaru Ruxandra

    (Academy of Romanian Scientists, Bucharest, Romania; The University “Stefan cel Mare” of Suceava, Romania)

Abstract

The purpose of this paper is to explore how students acquire entrepreneurial skills requested by a knowledge economy, in a country with an emergent economy. Knowledge economy is based dominantly on processing intangible resources, which needs different skills from the knowledge workers than from the industrial workers. Knowledge economy develops fast, including the countries with emergent economies like the Romania. Universities have to adapt to the requirements imposed by the knowledge economy and to change their teaching processes based on knowledge transfer into developing students’ skills which will allow them to perform in a turbulent business environment. The paper focuses on the entrepreneurial skills and presents an evaluation of students’ entrepreneurial skills in a Romanian university, students being enrolled in undergraduate and graduate programs of economics and business. The set of entrepreneurial skills considered in this paper have been selected based on literature, and they are expected to define the entrepreneurial behavior by the 2030 time horizon. The following skills have been considered: complex-problem solving, critical thinking, originality thinking, active learning, and judgement and decision making. For the quantitative research we developed and applied a questionnaire in order to assess the level of these skills for the students at “Stefan cel Mare” University in Suceava, Romania. We processed the obtained data set by using the specialized software package SPSS, version 25, and applied the statistical function of Exploratory Factor Analysis (EFA) for the purpose of identifying which are the main factors influencing their perceptions about the investigated categories of skills. The results of the Exploratory Factor Analysis revealed a set of 5 factors which we correlated to validate the research hypothesis. Our results show that economics and business education contributes essentially to the development of these entrepreneurial skills.

Suggested Citation

  • Bejinaru Ruxandra, 2018. "Assessing students’ entrepreneurial skills needed in the Knowledge Economy," Management & Marketing, Sciendo, vol. 13(3), pages 1119-1132, September.
  • Handle: RePEc:vrs:manmar:v:13:y:2018:i:3:p:1119-1132:n:8
    DOI: 10.2478/mmcks-2018-0027
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    References listed on IDEAS

    as
    1. Ramona CANTARAGIU & Carmen PĂUNESCU & Shahrazad HADAD, 2014. "The social impact of university entrepreneurship in Romania: Is the institutional discourse replicated or adapted?," Management & Marketing, Economic Publishing House, vol. 9(4), Winter.
    2. Ruxandra BEJINARU, 2018. "Factorial Analysis Perspectives upon StudentsÂ’ Skills in the Knowledge Economy," Management Dynamics in the Knowledge Economy, College of Management, National University of Political Studies and Public Administration, vol. 6(2), pages 265-284, June.
    3. Bejinaru Ruxandra, 2017. "Knowledge strategies aiming to improve the intellectual capital of universities," Management & Marketing, Sciendo, vol. 12(3), pages 500-523, September.
    4. Ruxandra BEJINARU, 2017. "Dynamic Capabilities of Universities in the Knowledge Economy," Management Dynamics in the Knowledge Economy, College of Management, National University of Political Studies and Public Administration, vol. 5(4), pages 577-595, December.
    5. Constantin Bratianu & Simona Vasilache, 2010. "A factorial analysis of the managerial linear thinking model," International Journal of Innovation and Learning, Inderscience Enterprises Ltd, vol. 8(4), pages 393-407.
    6. Ruxandra BEJINARU, 2017. "Universities in the Knowledge Economy," Management Dynamics in the Knowledge Economy, College of Management, National University of Political Studies and Public Administration, vol. 5(2), pages 251-271, June.
    7. Bejinaru Ruxandra & Prelipcean Gabriela, 2017. "Successful strategies to be learnt from world-class universities," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 11(1), pages 350-358, July.
    8. Kevin GROVES & Carmen PAUNESCU, 2008. "Examining the antecedents and outcomes of Romanian entrepreneurial orientation," Management & Marketing, Economic Publishing House, vol. 3(3), Autumn.
    9. Ruxandra BEJINARU, 2016. "Knowledge Dynamics Impact on Intellectual Capital in Organizations," Management Dynamics in the Knowledge Economy, College of Management, National University of Political Studies and Public Administration, vol. 4(4), pages 515-534, December.
    10. Ruxandra BEJINARU, 2010. "Knowledge Dynamics And The Concept Of – ‘Ba’," The Annals of the "Stefan cel Mare" University of Suceava. Fascicle of The Faculty of Economics and Public Administration, "Stefan cel Mare" University of Suceava, Romania, Faculty of Economics and Public Administration, vol. 10(Special), pages 217-223, December.
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