"Prospects and Perspectives: Personal Context Shaping Growth Intentions in Graduate Entrepreneurship across Malaysia"

Abstract

Entrepreneurship is a cornerstone of economic development, particularly in nations such as Malaysia, where small and medium-sized enterprises (SMEs) play a dominant role. However, despite its pivotal importance, a mere 5% of graduates opt for entrepreneurship as their career path. This disengagement may reflect the perception that entrepreneurship lacks attractiveness or viability as a career choice, potentially dissuading future graduates and impacting growth intentions. This study delves into the personal context shaping growth intentions among graduate entrepreneurs in Malaysia. Through a comprehensive examination, including a literature review and empirical analysis involving 152 university graduates surveyed via questionnaires, this research explores how individual traits, contextual circumstances, and external influences mold entrepreneurial aspirations. The findings highlight significant correlations between personal context factors—such as promotion skills, leadership qualities, technological adeptness, and risk-taking propensity—and growth intentions among entrepreneurs. By elucidating the nuanced interplay between personal context and growth intentions, particularly within the realm of graduate entrepreneurship, this study contributes to the existing body of knowledge. Its implications extend to policymakers, educators, and practitioners striving to catalyze economic growth, alleviate unemployment, and enhance prospects for recent graduates. Stakeholders can advance innovation, job creation, and sustainable economic development by furnishing entrepreneurs with essential support, skills, and conducive environments. Continued research in this domain is imperative for nurturing a vibrant entrepreneurial ecosystem conducive to sustained prosperity and societal advancement.