World Encyclopedia of Entrepreneurship
Show Less

World Encyclopedia of Entrepreneurship

  • Elgar original reference

Edited by Léo-Paul Dana

This comprehensive reference work, written by some of the most eminent academics in the field, contains entries on numerous aspects of entrepreneurship.
Buy Book in Print
Show Summary Details

Chapter 44: Self-efficacy

Jeffrey M. Pollack

Extract

44 Self-efficacy Jeffrey M. Pollack Entrepreneurial self-efficacy (ESE) can be defined as how confident a person feels about their ability to accomplish the tasks that make a person a successful entrepreneur (for a review see Chen et al. 1998; Wilson et al. 2007). Entrepreneurs take on many different tasks such as starting a new business, finding investors, hiring employees, engaging customers, performing market analyses, and dealing with governmental regulations and rules (Locke and Baum, 2007). The ability of an entrepreneur to accomplish these tasks effectively relates directly to the performance of a business over time (for example, Gist, 1987; Stajkovic and Luthans, 1998). Research, in general, supports the perspective that entrepreneurial self-efficacy plays a role in the ability of an entrepreneur to succeed. Data show a link between ESE and the emergence of an entrepreneur, as well as entrepreneurial success (for example, Bird, 1988; Boyd and Vozikis, 1994; Chen et al., 1998; De Noble et al. 1999; Jung 2001; Zhao et al. 2005). Evidence also shows that high entrepreneurial self-efficacy may be very important in the early stages of business creation (Baron and Markman, 2005; Chen et al., 1998; Tierney and Farmer, 2002). Common measures of entrepreneurial self-efficacy seek to assess competencies across five areas: innovation, risk-taking, marketing, management and financial control (Chen et al., 1998; Locke and Baum, 2007). It is important to note that entrepreneurial selfefficacy is a separate and distinct concept from self-esteem. Self-esteem describes a more general sense of confidence. Self-efficacy is much more task-dependent (Bandura,...

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.


Further information

or login to access all content.