Entrepreneurial self-efficacy
| Factors and variables | Factor loading | |||
|---|---|---|---|---|
| Searching | Planning | Marshalling | Implementing | |
| Searching—(How much confidence do you have in your ability to … ?) | ||||
| Brainstorm a new idea for a product or service | 0.862 | |||
| Identify the need for a new product or service | 0.858 | |||
| Design a product or service that will satisfy customer needs and wants | 0.772 | |||
| Planning—(How much confidence do you have in your ability to … ?) | ||||
| Determine a competitive price for a new product or service | 0.837 | |||
| Estimate the amount of start-up funds and working capital necessary to start your business | 0.781 | |||
| Estimate customer demand for a new product or service | 0.766 | |||
| Marshalling—(How much confidence do you have in your ability to … ?) | ||||
| Network, i.e., make contact with and exchange information with others | 0.827 | |||
| Get others to identify with and believe in your vision and plans for a new business | 0.730 | |||
| Clearly and concisely explain verbally/in writing your business idea in everyday terms | 0.559 | |||
| Implementing people—(How much confidence do you have in your ability to … ?) | ||||
| Supervise employees | 0.797 | |||
| Recruit and hire employees | 0.781 | |||
| Inspire, encourage and motivate your employees | 0.775 | |||
| Train employees | 0.727 | |||
| Delegate tasks and responsibilities to employees in your business | 0.698 | |||
| Deal effectively with day-to-day problems and crises | 0.660 | |||
| Eigenvalue | 6.988 | 2.033 | 1.291 | 1.083 |
| % Variance | 43.114 | 12.704 | 8.069 | 6.767 |
| Note(s): Extraction method: principal component analysis Rotation method: varimax with Kaiser normalization | ||||
| Factors and variables | Factor loading | |||
|---|---|---|---|---|
| Searching | Planning | Marshalling | Implementing | |
| Brainstorm a new idea for a product or service | 0.862 | |||
| Identify the need for a new product or service | 0.858 | |||
| Design a product or service that will satisfy customer needs and wants | 0.772 | |||
| Determine a competitive price for a new product or service | 0.837 | |||
| Estimate the amount of start-up funds and working capital necessary to start your business | 0.781 | |||
| Estimate customer demand for a new product or service | 0.766 | |||
| Network, i.e., make contact with and exchange information with others | 0.827 | |||
| Get others to identify with and believe in your vision and plans for a new business | 0.730 | |||
| Clearly and concisely explain verbally/in writing your business idea in everyday terms | 0.559 | |||
| Supervise employees | 0.797 | |||
| Recruit and hire employees | 0.781 | |||
| Inspire, encourage and motivate your employees | 0.775 | |||
| Train employees | 0.727 | |||
| Delegate tasks and responsibilities to employees in your business | 0.698 | |||
| Deal effectively with day-to-day problems and crises | 0.660 | |||
| Eigenvalue | 6.988 | 2.033 | 1.291 | 1.083 |
| % Variance | 43.114 | 12.704 | 8.069 | 6.767 |
| KMO and Bartlett's test | ||
|---|---|---|
| Kaiser-Meyer-Olkin measure of sampling adequacy | 0.878 | |
| Bartlett's test of sphericity | 1895.702 | 2548.098 |
| 120 | 105 | |
| 0.000 | 0.000 | |
| KMO and Bartlett's test | ||
|---|---|---|
| Kaiser-Meyer-Olkin measure of sampling adequacy | 0.878 | |
| Bartlett's test of sphericity | 1895.702 | 2548.098 |
| 120 | 105 | |
| 0.000 | 0.000 | |
| Reliability statistics | ||
|---|---|---|
| Cronbach's alpha* | Cronbach's alpha based on standardized items | No. of items |
| 0.910 | 0.911 | 16 |
| Reliability statistics | ||
|---|---|---|
| Cronbach's alpha* | Cronbach's alpha based on standardized items | No. of items |
| 0.910 | 0.911 | 16 |
Note(s): *Cronbach's alpha does not improve if any of the items is deleted
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