Entrepreneurial Self-Efficacy

Instructions:

Entrepreneurial self-efficacy describes your confidence level with entrepreneurial skills and tasks. The four dimensions of entrepreneurial self-efficacy are: searching, planning, marshaling, and implementing.

Searching – able to identify and develop a unique idea.
Planning – able to determine the demand for the product and plan successful business operations.
Marshaling – able to gather human resources and inspire support for the business idea.
Implementing – able to implement plans and effective protocols related to employees and finances.

(McGee, 2009)

Take this quiz to see how confident you currently are in each of these categories.

Instructions

Indicate how much confidence you have in your ability to perform the following activities. Only consider your current ability to perform the following activities and not what you expect to develop.

Searching

Planning

Marshaling

Implementing

How much confidence do you have in your ability to. . .
Brainstorm (come up with) a new idea for a product or service?*
Strongly Not Confident Not Confident Neutral Confident Strongly Confident

How much confidence do you have in your ability to. . .
Identify the need for a new product or service?*
Strongly Not Confident Not Confident Neutral Confident Strongly Confident

How much confidence do you have in your ability to. . .
Design a product or service that will satisfy customer needs or wants?*
Strongly Not Confident Not Confident Neutral Confident Strongly Confident

"*" indicates required fields

How much confidence do you have in your ability to. . .

Estimate customer demand for a new product or service?*

Determine a competitive price for a new product or service?*

Estimate the amount of startup funds and working capital necessary to start your business?*

Design an effective marketing or advertising campaign for a new product or service?*

"*" indicates required fields

How much confidence do you have in your ability to. . .

Get others to identify with and believe in your vision and plans for a new business?*

Network—i.e., make contact with and exchange information with others?*

Clearly and concisely explain verbally and in writing your business idea in everyday terms?*

"*" indicates required fields

How much confidence do you have in your ability to. . .

Recruit and hire employees?*

Organize and maintain the financial records of your business?*

Manage the financial assets of your business?*

References:

McGee J, Peterson M, Mueller S, Sequeira J. Entrepreneurial Self-Efficacy: Refining the Measure. Entrepreneurship Theory and Practice. July 1, 2009:965–988.

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