A Review of Entrepreneurial Success in Relation to Entrepreneurial Education
Abstract
Small and Medium Enterprises (SMEs) are vital to developing economies, yet many fail in their early stages. Extensive research has explored the factors that contribute to their success, with entrepreneurial education receiving significant attention. However, the impact of such education on entrepreneurial success remains unclear. This review seeks to examine the theoretical foundations linking entrepreneurial education and success, while identifying key indicators and predictors of success in order to improve educational approaches for SMEs, which are crucial economic indicators. The analysis reveals a lack of literature specifically addressing how education influences success, particularly from psychosocial and technological perspectives. Moreover, few studies consider the roles of learner autonomy and digital literacy as mediators or moderators in the relationship between entrepreneurship education and success. This highlights a need for further research on these aspects. The review offers insights for various stakeholders, including researchers, educators, entrepreneurs, governments, and policymakers. By incorporating these factors into research, policy, and training programs, it aims to enhance entrepreneurial education, drive SME success, and contribute to global economic growth.
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