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Entrepreneurship as a twenty-first century skill: entrepreneurial alertness and intention in the transition to adulthood

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Abstract

Given the importance of entrepreneurial thinking and acting as a meta-skill in the future world of work, we focus on the emerging entrepreneurial mind-set in the transition to adulthood. We study the role of personality characteristics and age-appropriate entrepreneurial competencies (leadership, self-esteem, creativity, and proactivity motivation) in the prediction of entrepreneurial alertness and career intention. Using two-wave longitudinal data from high schools in Helsinki, Finland (N = 523), we tested a mediation model with competencies as mediators between personality and entrepreneurial alertness and intention. The findings suggest that entrepreneurial alertness and career intention (a) are rather independent career development constructs of the emerging entrepreneurial mind-set, (b) are both an expression of an entrepreneurial personality structure, and (c) are predicted by different underlying competencies: leadership and self-esteem mediated the personality—entrepreneurial intention link, and leadership, creativity, and proactivity motivation the personality—entrepreneurial alertness link. Consistent with the balanced skill approach to entrepreneurship, the intraindividual variety of these competencies was also a valid mediator; it did not show incremental predictive power though. Implications for research and practice are discussed.

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Acknowledgments

The first author gratefully acknowledges financial support from the Jacobs Foundation Zurich (Project: 2013-1069).

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Authors and Affiliations

  1. Department of Psychology, Saarland University, Campus Building A1 3, 66123, Saarbrücken, Germany

    Martin Obschonka

  2. Institute of Behavioral Sciences, University of Helsinki, Helsinki, Finland

    Kai Hakkarainen

  3. Department of Teacher Education, University of Helsinki, Helsinki, Finland

    Kirsti Lonka

  4. Department of Psychology, University of Jyväskylä, Jyväskylä, Finland

    Katariina Salmela-Aro

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  1. Martin Obschonka
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  2. Kai Hakkarainen
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  3. Kirsti Lonka
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Correspondence to Martin Obschonka.

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Obschonka, M., Hakkarainen, K., Lonka, K. et al. Entrepreneurship as a twenty-first century skill: entrepreneurial alertness and intention in the transition to adulthood. Small Bus Econ 48, 487–501 (2017). https://doi.org/10.1007/s11187-016-9798-6

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