Relationship between Entrepreneurial Literacy, Motivation, Willingness to Take Risks and Entrepreneurial Skills among University Students

Abstract

Identifying significant domains related to entrepreneurial skills is important to support the goals contained in the Higher Education Institutions Entrepreneurship Action Plan (PTK IPT) 2021–2025. Therefore, this study was conducted to analyze the relationship between entrepreneurial literacy, motivation and willingness to take risks with entrepreneurial skills among students who are pursuing their studies in higher education institutions. The study was conducted using a quantitative cross-sectional survey design. A total of 418 students who are pursuing their studies at the Faculty of Social Sciences and Humanities (FSSK), UKM were selected as study respondents. The study data was analyzed inferentially using IBM SPSS statistics version 25. The results of the correlation analysis conducted found that entrepreneurial literacy (r = .495**, k < 0.01), entrepreneurial motivation (r = .490**, k < 0.01) and willingness to take risks (r = .635**, k < 0.01) showed a positive and significant relationship with entrepreneurial skills among university students. The results of the study provide significant contributions to faculty management towards the need to prepare a strategic plan to improve the entrepreneurship curriculum and make the entrepreneurship culture agenda a success through the provision of skills training programs that focus on the development of the studied domain to enrich the student experience and boost the marketability of graduates.