Entrepreneurial intentions are deeply rooted in the individual’s prior knowledge, gained through experience and through education. The evidence about the nature of this experience, however, has yet to be fully explored. Under social cognitive theory’s representation of learning (Bandura, 1986; Wood & Bandura, 1989), virtually all learning that results from direct experience can occur vicariously through observation. The focus of entrepreneurship research in this area has been primarily on aspects of direct entrepreneurial experience, but we still do not know if vicarious experiences can really compensate for the lack of direct experiences. Hence, the purpose of this research is to understand how various types of entrepreneurial experiences affect entrepreneurial self-efficacy (ESE) and entrepreneurial intentions.
Ofstein, Laurel and Renko, Maija
"THE NATURE OF EXPERIENCE: A SOCIAL COGNITIVE PERSPECTIVE ON THE DRIVERS OF ENTREPRENEURIAL INTENTIONS (SUMMARY),"
Frontiers of Entrepreneurship Research: Vol. 31
, Article 16.
Available at: http://digitalknowledge.babson.edu/fer/vol31/iss4/16