South African Journal of Economic and Management Sciences
On-line version ISSN 2222-3436
Print version ISSN 1015-8812
URBAN, Boris. Tracking the venture creation phases in terms of entrepreneurial self-efficacy: links to competitiveness of South African ventures. S. Afr. j. econ. manag. sci. [online]. 2012, vol.15, n.4, pp.352-366. ISSN 2222-3436.
Examining entrepreneurial self-efficacy across venture creation phases is important as research indicates that behaviours to which self-efficacy corresponds are largely concerned with new-venture formation processes and as such are required of entrepreneurs well beyond the point of founding. Hypotheses are formulated, which take into account the sequential nature of entrepreneurial tasks in the venture process. A multidimensional instrument is used to collect data from medium businesses (n = 199). Correlational and regression analysis are performed where empirical evidence supports that entrepreneurial self-efficacy during searching, planning, marshalling resources and implementing people phases of venturing are significantly associated with the competitiveness of the venture. Implications of this study can be advanced to the policy domain where it needs to be stressed that government initiatives will affect venture sustainability only if these policies are conceived in a way that influences entrepreneurial self-efficacy.
Keywords : venture creation phases; entrepreneurial self-efficacy; competitiveness; skills; entrepreneurial tasks; South Africa.