Science Research Management ›› 2024, Vol. 45 ›› Issue (2): 12-20.

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Generation mechanism of college students′ entrepreneurial competence

Xiao Xiaohong1, Yu Mei1, Zhao Qing1, He Xiaogang2   

  1. 1. School of Business Administration, Guizhou University of Finance and Economics, Guiyang 550025, Guizhou, China;
    2. School of Business, Shanghai University of Finance and Economics, Shanghai 200433, China
  • Received:2022-11-09 Revised:2023-12-07 Online:2024-02-20 Published:2024-01-23

Abstract:    University students′ entrepreneurial competence plays a vital role in improving societal innovation, entrepreneurship, and tackling entrepreneurial challenges, while also enhancing personal professional skills. The entrepreneurial abilities of college students have garnered attention recently, mainly due to their general lack of such competencies. This gap significantly impacts the success rates of their entrepreneurial ventures. Yet, the question remains: how do college students develop these competencies? There′s a noticeable scarcity of theoretical research addressing this, particularly in the context of China. This study focuses on an agricultural technology enterprise started by undergraduate Lei, examining the development of entrepreneurial competence among college students. It specifically investigates how these students cultivate their entrepreneurial skills through effective resource allocation and management under the challenging conditions of their initial entrepreneurial efforts.Using a longitudinal single-case study approach, this study explored how college students promote the generation and evolution of entrepreneurial competency through effective resource allocation behavior under pressure, using the practical example of undergraduate student Lei′s establishment of a peach orchard upon returning to his hometown in 2016. To this end, this study constructed a theoretical analysis framework of “problem/pressure-driven-action/resource allocation program-result/entrepreneurial competence”. Specifically, first, pressure-driven, that is, university student entrepreneurs, due to their lack of social experience and entrepreneurial skills, even if they have strong learning ability and knowledge reserves, have to face tremendous entrepreneurial pressure. In this regard, the theoretical framework of this study focused on the difficulties and major characteristics faced by the entrepreneurial team, as well as the evolution of different stages. Second, resource allocation, that is, how university student entrepreneurial teams seek resource allocation under different stage pressures. In this regard, the emphasis is on the introduction and collaboration of external resources, the structured arrangement and promotion of resources, and the optimization and accumulation of internal resources. Third, generation of competence, that is, the promotion of university student entrepreneurial competence through resource allocation.This study found that: First, the difference in entrepreneurial competence among university students depends primarily on the differences in stage-specific pressure and resource allocation programs they face. Second, the development of entrepreneurial competence among university students follows the logical progression of “pressure-driven - resource allocation – competence”. Third, from the practical results of this case, university student entrepreneurs transform anxiety and tension into the driving force for survival, development and new deployment at different stages of entrepreneurship, and achieve stage-specific goals through resource allocation, thereby developing entrepreneurial competence. Fourth, the evolution of entrepreneurial competence also demonstrates the progression pattern of “industry-general competence-control and expansion competence - catching up with industry-leading competence” in theoretical logic.This study constructed a mechanism model that promotes entrepreneurial competency under pressure from a resource allocation perspective, which opens the “black box” of how college student entrepreneurial competency is generated and evolved. The findings of this study will not only help to identify the key constraints and ways to overcome them in college student entrepreneurship activities but also enrich the academic contribution of resource allocation in shaping entrepreneurial competency, providing guidance for practical college student entrepreneurship activities.

Key words: college student entrepreneur, entrepreneurial competence, resource arrangement, generation mechanism