Factors Influencing Entrepreneurship Intentions in Klang Valley Article 2022

Factors Influencing Entrepreneurship Intentions in Klang Valley 1
FACTORS INFLUENCING ENTREPRENEURSHIP INTENTIONS ON KLANG VALLEY
By (Name)
Student’s Name
Professor’s Name
Course
Date

Factors Influencing Entrepreneurship Intentions in Klang Valley 2
INTRODUCTION
1.1 Introduction
Entrepreneurship is vital for the growth of any region’s economy. It influences the ability to
create new ventures, establishing current ventures, and enhances technology. Thus, the failure or
success in developing a region relies on the capacity of entrepreneurs to manage their businesses.
Conversely, entrepreneurship intentions influence the state of mind directing an individual’s
attention, experience, and activities to intentional behaviors. Hence, its concept exhibits the
features that are noted by a person’s skills, environmental and attitude influences, and
psychological characteristics. Alternatively, the target populace for the research are young adults,
both graduates and scholars from private and public academic institutions in Klang Valley,
which hosts most of the high education centers in Malaysia. The need for entrepreneurship
intentions among young people in this region has been influenced by the high unemployment
rate among graduates who seek to join the job market that is shrinking gradually. Two primary
theories have been applied to analyze the intention to become entrepreneurs, especially among
young adults (including higher learning students); the theory of planned behavior, and potential
entrepreneurial model. Notably, this paper will only focus on the “theory of planned behavior”
(TPB), which was presented by Ajzen.
1.2 Purpose Statement
The purpose of this article is to identify the factors that influence entrepreneurship intentions
among young people in Klang Valley. Importantly, most of the young people located in this area
are either students in private and public higher learning institutions, or graduates from the same
institutions.

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LITERATURE REVIEW
2.1 Entrepreneurship
According to Kurtako and Hodgetts (2004, p.30), entrepreneurship is a new procedure of
development and innovation through four dimensions of organizations, processes, individuals,
and environments, aided by education, institutions, and government collaboration. Normally,
entrepreneurs are people willing to take risks, counter uncertainties, and endure in spite of having
limited resources (Mahmood, Singh, Abu Mansor, Darmawi, and Singh, 2018, p. 2).
Consequently, it is a progressive procedure of decision-making and actions from start-up to
handling an enterprise. Nonetheless, to manage a business and enhance its achievement is never
an easy task, as multiple methods of skills and knowledge of business must be learned and
mastered by a business person.
Chigunta (2002, p.2) suggests that entrepreneurship is the procedure of encouragement
and developing young people with a business culture. Thus, entrepreneurial skills may be
articulated as the capacity and interest to examine openings and establish courtesy to
imaginations, development, and threats in enterprise-connected exercises. Aside from enterprise
administration knowledge like marketing and organizational management, business persons need
to have a various skills to ensure their corporate is competitive and forward-looking.
Additionally, among other skills that the latter may need are leadership, communication,
teamwork, teamwork, and problem-solving skills.
Young adults, both graduates, and students at public and private universities in Klang
Valley, are trained to enter the corporate world based on their areas of study. Unfortunately,
whether they would be business people or officers after graduation is governed by their intent.

Factors Influencing Entrepreneurship Intentions in Klang Valley 4
Nevertheless, entrepreneurship is crucial in Klang Valley as it helps in creating new jobs, while
minimizing the unemployment rate. Hence, entrepreneurism coordination needs to start an early
age, which results to need for entrepreneurship education initiatives and scholars' intentions
towards enterprise intent.
2.2 Entrepreneurism Intention
Multiple pieces of literature on entrepreneurial intent have noted numerous factors that
influence specific people to become business persons. Besides, it offers valued intuitions to
understand entrepreneurial activities and procedures (Ahmad, and Seymour, 2008, p.9).
Conversely, the establishment of an innovative mindset begins from childhood. According to
past studies, factors such as gender, education, family, and age background, and previous
enterprise experience influence the propensity of Klang Valley’s young adults to become
businesspersons. Moreover, motivational factors (skills and attitude) are crucial in pushing
young adults into entrepreneurism endeavors.
Newman, Obschonka, Schwarz, Cohen, and Nielsen (2019, p.412) mentioned that
positive connection between general training, and entrepreneurial exercises and instruction
influences commercial expectations. Conversely, the inclination of young adults towards starting
new businesses is high due to an increase in the unemployment rate in Klang Valley. However,
the lack of resources and business chances to explore the business market has made it difficult
for them to excel. Moreover, four elements motivate young people to venture into
entrepreneurism. These are enterprise background, skills, attitude, and motivation.
Some individual features, such as the need for accomplishment, individual behaviors,
risk-taking assertiveness, and locus of mechanism, have a crucial influence on personal