Empowering entrepreneurial capacity: training, innovation and business ethics

Abstract

Entrepreneurship’s training is an issue with many gaps—even with contradictory results—, in which many aspects and the relationships between them are still unknown. This paper addresses the relationships that exist in training process and on their impact on the resultant entrepreneurial capacity. The sample includes 469 individuals interested in starting a new venture. A common method bias was addressed on the questionnaire design including psychological separation of predictor and criterion variables and response anonymity. Furthermore, a principal factor analysis on the questionnaire measurement items was carried out, without a single factor emerging. The statistical analysis was carried out by ordinal logistic regression and multinomial logistic regression. The results obtained are not a trivial issue for entrepreneurship, but rather a key aspect, which must be very present in the training stages of the entrepreneur. In fact, the emerging entrepreneur requires training in areas or capacities that complement and reinforce entrepreneurship capacity, combines different essential ingredients for entrepreneurship, and is adapted to increases in entrepreneurship capacity. Innovation and business ethics contribute to any kind of entrepreneurship and they make a net contribution to the entrepreneurial capacity and in any entrepreneurial process. Finally, innovation and ethical commitment are more critical for obtaining a high level of entrepreneurial capacity, and they are important for entrepreneurship in general, outside social entrepreneurship and innovative entrepreneurship.