The Factors influencing entrepreneurship capabilities in Pakistan

Abstract

This research is a formal study that determines the impact of various approaches and perspectives on entrepreneurial behavior. Entrepreneurs are necessary in today's competitive business environment because they stay abreast of the most recent technological developments, which aid in expanding their enterprises. Statistical method known as structured equation modelling (SEM) was used to quantify and examine the connections between latent and observable variables. To determine the relationship between the study's independent, mediating, moderating, and dependent variables, researchers employed Smart PLS software to do the analysis. Using a questionnaire, data was gathered from a random population sample and analysed using the SEM approach. Overall, results from the majority of hypotheses indicate that entrepreneurship is significantly affected by the identified factors. The R2 value is 0.560, which suggests that the factors considered in this research in reference to affecting entrepreneurship account for 56% of the variance. As per the results, the significant influence of inspiring motivators on new business ventures, innovativeness, and responsiveness should motivate managers to involve employees in formulating common strategic visions and to encourage them to launch new internal creative projects. Additionally, managers should develop training programmes to increase employee enthusiasm and creativity, improving their ability to think creatively and act in a self-developing manner.