Entrepreneurial skills: importance, evolution and emerging sub-themes. A literature review

Authors

DOI:

https://doi.org/10.17981/econcuc.42.1.2021.Org.4

Keywords:

Entrepreneurial skills, Entrepreneurship, Documentary review, Research, State of the art, Social skills, Entrepreneurial skills in economics, Balanced skills

Abstract

Entrepreneurship has been in recent years a pillar for the world economy and in this understanding the present this article provides a conceptual basis that addresses the topic of skills and entrepreneurship. This study mainly analyses the concept of entrepreneurship and identifies some skills that are necessary for entrepreneurs who aim to achieve goals that are set from an early stage. The focus of this research in to conduct a literature review on the importance of the phenomenon of entrepreneurship, which is the central purpose of the article; in the same way emphasize about skills, since they become a relevant pillar within this context because they are a basis for addressing potential permanent problems and different magnitudes that arise through revolution processes. To comply with this structure, a consultation was made in Web of Science and subsequently a selection of the most important documents was made through the Tree of Science platform and, in the end, an analysis of perspectives or subtopics was carried out specifying entrepreneurial skills. Among the findings, it is found that the concept of entrepreneurs clarifies that the social skills of entrepreneurs are specific competencies that help the interaction and generation of personal contacts in a socio-productive way with other individuals. It is concluded that entrepreneurship or entrepreneurship are a method of human action.

Downloads

Download data is not yet available.

Author Biographies

Carolina Ocampo Sanabria, Luis Amigó Catholic University

She is a professional in international business from the Luis Amigó Catholic University

Yurani López Espitia, Luis Amigó Catholic University

She is a Business Administrator from the National University of Manizales, a Master's in Human Talent Management from the University of Manizales and a Doctoral Student in Administration from the University of Manizales Position: Coordinator of the Business Administration and International Business programs at the Catholic University Luis Amigó, Manizales headquarters.

References

Al Mamun, A., Fazal, S. A. & Muniady, R. (2019). Entrepreneurial knowledge, skills, competencies and performance: A study of micro-enterprises in Kelantan, Malaysia. Asia Pacific Journal of Innovation and Entrepreneurship, 13(1), 29–48. https://doi.org/10.1108/APJIE-11-2018-0067

Åstebro, T. & Thompson, P. (2011). Entrepreneurs, Jacks of all trades or Hobos? Research policy, 40(5), 637–649. https://doi.org/10.1016/j.respol.2011.01.010

Audretsch, D. B., Bönte, W. & Keilbach, M. (2008). Entrepreneurship capital and its impact on knowledge diffusion and economic performance. Journal of Business Venturing, 23(6), 687–698. https://doi.org/10.1016/j.jbusvent.2008.01.006

Balmaceda, F. (2018). Entrepreneurship: skills and financing. Small Business Economics, 50(4), 871–886. https://doi.org/10.1007/s11187-017-9915-1

Baron, R. A. & Tang, J. (2009). Entrepreneurs’ Social Skills and New Venture Performance: Mediating Mechanisms and Cultural Generality. Journal of management, 35(2), 282–306. https://doi.org/10.1177/0149206307312513

Baron, R. A. & Markman, G. D. (2003). Beyond social capital: the role of entrepreneurs’ social competence in their financial success. Journal of Business Venturing, 18(1), 41–60. https://doi.org/10.1016/S0883-9026(00)00069-0

Baron, R. A. & Markman, G. D. (2000). Beyond social capital: How social skills can enhance entrepreneurs’ success. Academy of Management Perspectives, 14(1), 106–116. https://doi.org/10.5465/ame.2000.2909843

Baumol, W. J. (1993). Formal entrepreneurship theory in economics: Existence and bounds. Journal of Business Venturing, 8(3), 197–210. https://doi.org/10.1016/0883-9026(93)90027-3

Bernat, T., Korpy, J., Grundey, D., Šavria, B., Bilan, Y. & Koren, A. (2009). Researching students’entrepreneurship skills in post-socialist countries: a multicountry survey (Part 2). Transformations in Business & Economics, 8(3), 104– 130. Disponible en http://www.transformations.knf.vu.lt/18/article/rese

Blondel, V. D., Guillaume, J.-L., Lambiotte, R. & Lefebvre, E. (2008). Fast unfolding of communities in large networks. Journal of Statistical Mechanics: Theory and Experiment, (10), 1–12. https://doi.org/10.1088/1742-5468/2008/10/P10008

Brixiová, Z., Ncube, M. & Bicaba, Z. (2015). Skills and Youth Entrepreneurship in Africa: Analysis with Evidence from Swaziland. World Development, 67(C), 11–26. https://doi.org/10.1016/j.worlddev.2014.09.027

Brixiova, Z. & Égert, B. (2017). Entrepreneurship, institutions and skills in lowincome countries. Economic modelling, 67(1), 381–391. https://doi.org/10.1016/j.econmod.2017.02.020

Bublitz, E., Fritsch, M. & Wyrwich, M. (2015). Balanced Skills and the City: An Analysis of the Relationship between Entrepreneurial Skill Balance, Thickness, and Innovation. Economic Geography, 91(4), 475–508. https://doi.org/10.1111/ecge.12097

Buitrago, S., Duque, P. L. & Robledo, S. (2019). Branding Corporativo: una revisión bibliográfica. Económicas CUC, 41(1), 143–162. https://doi.org/10.17981/econcuc.41.1.2020.Org.1

Chen, C. C., Greene, P. G. & Crick, A. (1998). Does entrepreneurial self-efficacy distinguish entrepreneurs from managers? Journal of Business Venturing, 13(4), 295–316. https://doi.org/10.1016/S0883-9026(97)00029-3

Chen, L.-W. & Thompson, P. (2016). Skill Balance and Entrepreneurship Evidence from Online Career Histories. Entrepreneurship Theory and Practice, 40(2), 289–305. https://doi.org/10.1111/etap.12220

Cong, C., Dempsey, M. & Xie, H. M. (2017). Political skill, entrepreneurial orientation and organizational justice: A study of entrepreneurial enterprise in China. International Journal of Entrepreneurial Behavior & Research, 23(1), 20–34. https://doi.org/10.1108/IJEBR-05-2015-0103

Davidsson, P. & Honig, B. (2003). The role of social and human capital among nascent entrepreneurs. Journal of Business Venturing, 18(3), 301–331. https://doi.org/10.1016/S0883-9026(02)00097-6

Díez-Gómez, D., Guillén, M. y Rodríguez, M. (2019). Revisión de la Literatura sobre la Toma de Decisiones Éticas en Organizaciones. Información Tecnológica, 30(3), 25–38. http://dx.doi.org/10.4067/S0718-07642019000300025

Duque, P. & Cervantes-Cervantes, L.-S. (2019). Responsabilidad Social Universitaria: una revisión sistemática y análisis bibliométrico. Estudios Gerenciales, 35(153), 451–464. https://doi.org/10.18046/j.estger.2019.153.3389

Ferris, G. R., Treadway, D. C., Kolodinsky, R. W., Hochwarter, W. A., Kacmar, C. J., Douglas, C. & Frink, D. D. (2005). Development and Validation of the Political Skill Inventory. Journal of management, 31(1), 126–152. https://doi.org/10.1177/0149206304271386

Hafer, R. W. & Jones, G. (2015). Are entrepreneurship and cognitive skills related? Some international evidence. Small Business Economics, 44(2), 283–298. https://doi.org/10.1007/s11187-014-9596-y

Hartog, J., Van Praag, M. & Van Der Sluis, J. (2010). If You Are So Smart, Why Aren’t You an Entrepreneur? Returns to Cognitive and Social Ability: Entrepreneurs Versus Employees. Journal of Economics & Management Strategy, 19(4), 947–989. https://doi.org/10.1111/j.1530-9134.2010.00274.x

Henríquez, G., Rada, J. & Torrenegra, A. (2016). Medición de variables psicológicas, económicas y sociales para identificar factores ocultos de los emprendedores en Barranquilla. Económicas CUC, 37(1), 179–202. https://doi.org/10.17981/econcuc.37.1.2016.08

Hodges, N., Watchravesringkan, K., Yurchisin, J., Hegland, J., Karpova, E., Marcketti, S. & Yan, R.-N. T. (2015). Assessing Curriculum Designed to Foster Students’ Entrepreneurial Knowledge and Small Business Skills from a Global Perspective. Family and consumer sciences research journal / American Association of Family and Consumer Sciences, 43(4), 313–327. https://doi.org/10.1111/fcsr.12115

Hsieh, C., Parker, S. C. & Van Praag, C. M. (2017). Risk, balanced skills and entrepreneurship. Small Business Economics, 48(2), 287–302. https://doi.org/10.1007/s11187-016-9785-y

Huang, L., Frideger, M. & Pearce, J. L. (2013). Political skill: explaining the effects of nonnative accent on managerial hiring and entrepreneurial investment decisions. The Journal of Applied Psychology, 98(6), 1005–1017. https://doi.org/10.1037/a0034125

Krieger, A., Block, J. & Stuetzer, M. (2018). Skill variety in entrepreneurship: A literature review and research directions. International Review of Entrepreneurship, 16(1), 29–62. Available from https://mpra.ub.uni-muenchen.de/88389/1/MPRA_paper_88389.pdf

Kuratko, D. F. (2005). The Emergence of Entrepreneurship Education: Development, Trends, and Challenges. Entrepreneurship Theory and Practice, 29(5), 577–598. https://doi.org/10.1111/j.1540-6520.2005.00099.x

Landínez, D. A. & Montoya, D. A. (2019). Políticas de salud pública para la prevención y el tratamiento de la enfermedad vascular cerebral: una revisión sistemática por medio de la metodología ToS (Tree of Science). Medicina UPB, 38(2), 129–139. https://doi.org/10.18566/medupb.v38n2.a05

Landínez, D. A., Robledo, S. & Montoya, D. M. (2019). Executive Function performance in patients with obesity: A systematic review. Psychologia, 13(2), 121–134. https://doi.org/10.21500/19002386.4230

Lazear, E. P. (2005). Entrepreneurship. Journal of Labor Economics, 23(4), 649– 680. https://doi.org/10.1086/491605

Lazear, E. P. (2004). Balanced Skills and Entrepreneurship. The American Economic Review, 94(2), 208–211. https://doi.org/10.1257/0002828041301425

Mamabolo, A. & Myres, K. (2020). A systematic literature review of skills required in the different phases of the entrepreneurial process. Small Enterprise Research, 5(1), 1–25. https://doi.org/10.1080/13215906.2020.1730230

Michelacci, C. (2003). Low Returns in R&D due to the Lack of Entrepreneurial Skills. The Economic journal of Nepal, 113(484), 207–225. https://doi.org/10.1111/1468-0297.00095

Moog, P., Werner, A., Houweling, S. & Backes-Gellner, U. (2015). The impact of skills, working time allocation and peer effects on the entrepreneurial intentions of scientists. The Journal of Technology Transfer, 40(3), 493–511. https://doi.org/10.1007/s10961-014-9347-x

Oosterbeek, H., Van Praag, M. & Ijsselstein, A. (2010). The impact of entrepreneurship education on entrepreneurship skills and motivation. European Economic Review, 54(3), 442–454. https://doi.org/10.1016/j.euroecorev.2009.08.002

Poschke, M. (2018). The Firm Size Distribution across Countries and Skill-Biased Change in Entrepreneurial Technology. American Economic Journal: Macroeconomics, 10(3), 1–41. https://doi.org/10.1257/mac.20140181

Reynolds, P., Bosma, N., Autio, E., Hunt, S., De Bono, N., Servais, I., Lopez-Garcia, P. & Chin, N. (2005). Global Entrepreneurship Monitor: Data Collection Design and Implementation 1998-2003. Small Business Economics, 24(3), 205–231. https://doi.org/10.1007/s11187-005-1980-1

Robledo-Giraldo, S., Duque-Méndez, N. D. & Zuluaga-Giraldo, J. I. (2013). Difusión de productos a través de redes sociales: una revisión bibliográfica utilizando la teoría de grafos. Respuestas, 18(2), 28–42. https://doi.org/10.22463/0122820x.361

Sabar, G. & Pagis, M. (2015). Enhancing the spirit of entrepreneurship: African labor migrants returning from Israel. Migration Studies, 3(2), 260–280. https://doi.org/10.1093/migration/mnu045

Sahlberg, P. (2006). Education Reform for Raising Economic Competitiveness. Journal of Educational Change, 7(4), 259–287. https://doi.org/10.1007/s10833-005-4884-6

Sarasvathy, S. D. & Venkataraman, S. (2011). Entrepreneurship as Method: Open Questions for an Entrepreneurial Future. Entrepreneurship Theory and Practice, 35(1), 113–135. https://doi.org/10.1111/j.1540-6520.2010.00425.x

Sousa, M. (2018). Entrepreneurship Skills Development in Higher Education Courses for Teams Leaders. Administrative Sciences, 8(2), 1–15. https://doi.org/10.3390/admsci8020018

Stuetzer, M., Obschonka, M., Davidsson, P. & Schmitt-Rodermund, E. (2013a). Where do entrepreneurial skills come from? Applied Economics Letters, 20(12), 1183–1186. https://doi.org/10.1080/13504851.2013.797554

Stuetzer, M., Obschonka, M. & Schmitt-Rodermund, E. (2013b). Balanced skills among nascent entrepreneurs. Small Business Economics, 41(1), 93–114. https://doi.org/10.1007/s11187-012-9423-2

Tocher, N., Oswald, S. L., Shook, C. L. & Adams, G. (2012). Entrepreneur political skill and new venture performance: Extending the social competence perspective. Entrepreneurship and Regional Development, 24(5-6), 283–305. https://doi.org/10.1080/08985626.2010.535856

Valencia-Hernandez, D. S., Robledo, S., Pinilla, R., Duque-Méndez, N. D. & Olivar- Tost, G. (2020). SAP Algorithm for Citation Analysis: An improvement to Tree of Science. Ingeniería e Investigación, 40(1), 45–49. https://doi.org/10.15446/ing.investig.v40n1.77718

Wagner, J. (2006). Are nascent entrepreneurs “Jacks-of-all-trades”? A test of Lazear’s theory of entrepreneurship with German data. Applied Economics, 38(20), 2415–2419. https://doi.org/10.1080/00036840500427783

Wagner, J. (2003). Testing Lazear’s jack-of-all-trades view of entrepreneurship with German micro data. Applied Economics Letters, 10(11), 687–689. https://doi.org/10.1080/1350485032000133273

Zhan, X. & Kim, C.-K. (2015). A study on the political skill of Korean entrepreneurs contributing to social network guarantee. Nankai Business Review International, 6(3), 335–346. https://doi.org/10.1108/NBRI-11-2014-0043

Zuluaga, M., Robledo, S., Osorio-Zuluaga, G., Yathe, L., González, D. & Taborda, G. (2016). Metabolomics and pesticides: Systematic literature review using graph theory for analysis of references. Nova, 14(25), 121–138. https://doi.org/10.22490/24629448.1735

Published

2020-10-17

How to Cite

Ocampo Sanabria, C., & López Espitia, Y. (2020). Entrepreneurial skills: importance, evolution and emerging sub-themes. A literature review. ECONÓMICAS CUC, 42(1), 189–207. https://doi.org/10.17981/econcuc.42.1.2021.Org.4

Issue

Section

Articles: Administration, Organization and Methods