Does Consultation Play Important Roles in Entrepreneurial Training Program?: a Conceptual Framework for Emerging Markets
Year: 2023
Type: article
Abstract: Purpose – This paper aims to shed the importance of consultation as the intervention towards realizing the effectiveness of the entrepreneurial training conducted. Consultation deemed as pivotal in supporting the training initiatives which involved reflective learning among the participants. Theoretical Framework – Business performance acts as the dependent variable, entrepreneurial training as the independent variable while consultation plays a significant role of a mediator. The model of strutured entrepreneurial training for SMEs is conceptualized based on the Experiential Learning Theory (ELT) and the Absorptive Capacity Theory (ACT). Methodology – Mixed-method design is proposed to be employed in carrying out this research. An explanatory sequential approach of quantitative followed by qualitative data collection are used to achieve the set objectives. Findings – The expected findings that could shed the light on the importance of consultation in the likelihood of the training effectiveness, thus lead towards favourable performance of the business among SMEs. Research Implication – From the policymaker perspective, this research paper sheds new light for the Ministry of Entrepreneurship and Cooperative (MEDAC) to design a handful and effective entrepreneurial training and development program among SMEs. This helps to spearhead the national agenda on supporting the SMEs development overall. Originality/Value – Theoretically, this research could contribute to the current entrepreneurship literature specifically on the entrepreneurial training over the significance of consultation as the mechanism towards effectiveness in training. Also, this research practically implicates the current government agencies’ practices which to incorporate consultation as a pivotal part in the planning and implementaion of the training conducted.
Source: Russian Law Journal
Language: English
Subfield: Management of Technology and Innovation
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W4381894567