EPI

Entrepreneurship Propensity (EP) is based on an individual’s entrepreneurial mindset and their entrepreneurial intentions. A person with high levels of entrepreneurship propensity believes that they are in control of their successes and failures in life, and that their fate is a direct result of their own efforts and abilities. They are independent, self-confident, and determined […]

Based on the systemic (intrinsic and extrinsic) nature of entrepreneurship, there remains a need for interventions related to niche policies and programmes to encourage NVC.

Intrinsic entrepreneurship propensity is based on an individual’s predisposition towards entrepreneurship and their likelihood to persist through the setbacks and failures that are inherent in the entrepreneurial process.

The human capital aspects of an entrepreneurship ecosystem rely on education, which is vitally important to address the unemployment crisis in the country. The South African government presents a clear plan of action through the 2030 NDP, which aims to reduce poverty and inequality while growing the economy, whereby skills development is essential to achieve […]

Informal new venture creation is based on entrepreneurship activity that is executed in the informal sector1. In this type of NVC, the motivation behind starting a business tends to be more of a necessity-driven activity. This kind of entrepreneurial activity is not based on innovation or creativity and does not lead to growth-orientated businesses. It […]

Research has shown that entrepreneurs are different from non-entrepreneurs and that there is a need for to recognise the diversity among entrepreneurs and their new ventures. This is done by classifying entrepreneurial ventures according to a broad set of parameters. New ventures can be distinguished along four dimensions: individuals, processes, environments, and organisations. Developing a […]

A system can be described as being in a certain state, containing “stock”, with inflows (new ventures) and outflows (business failures). At any given time, the system is in a certain perceived state. This may often be due to there being a goal for the system to be in such a state, where the difference […]

We have developed an effective method through which to measure entrepreneurship propensity and determine new venture creation potential, which is based on several years of research on the entrepreneurship phenomenon. The development of our Entrepreneurship Propensity Index (EPI) was based on a comprehensive study of the relevant literature and seminal research in the field of […]

South Africa is faced with increasing rates of unemployment which are generally more pronounced in middle-income countries. The youth in particular are facing severe unemployment rates, with incidences higher than in older age groups. An estimated 63% of fifteen- to twenty-four-year-olds are unemployed and looking for work. When including discouraged workers, the unemployment rates are […]