The integration of logic model in business plan simulation approach for effective entrepreneurial learning
Entrepreneurship education plays a vital role in entrepreneurship development. Risk-taking, creative problem-solving, social involvement, and role-playing should all be part of entrepreneurial learning. The logic model was used to evaluate business simulation. Efficacy and self-control can be improv...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Penerbit Universiti Kebangsaan Malaysia
2021
|
| Online Access: | http://journalarticle.ukm.my/17794/ http://journalarticle.ukm.my/17794/1/49440-168090-1-PB.pdf |
| _version_ | 1848814402725216256 |
|---|---|
| author | Mohd Guzairy Abd Ghani, Norhidayah Mohammad, |
| author_facet | Mohd Guzairy Abd Ghani, Norhidayah Mohammad, |
| author_sort | Mohd Guzairy Abd Ghani, |
| building | UKM Institutional Repository |
| collection | Online Access |
| description | Entrepreneurship education plays a vital role in entrepreneurship development. Risk-taking, creative problem-solving, social involvement, and role-playing should all be part of entrepreneurial learning. The logic model was used to evaluate business simulation. Efficacy and self-control can be improved in real-life situations by students. This research aims to find the integration of the logic model that contributes to effective entrepreneurial learning. We conducted a sample of 272 students taking a business plan simulation as part of entrepreneurial learning. PLS structural equation modelling was used to evaluate the logic model. The study found that there was a significant relationship between the input (student characteristics, lecturer characteristics, and simulation content) and the output (learning effectiveness), with the process of as a mediator (experiential learning). However, this research was limited to a selected university and students of an entrepreneurship course. The business plan simulation is also limited to offline use, which is based on VBA Excel. The research highlights the need for business simulations as an exercise and training for future business planning. Experiential learning is a factor that facilitates learning in a simulated environment. This study’s findings also have practical consequences for future entrepreneurs and managers. |
| first_indexed | 2025-11-15T00:33:31Z |
| format | Article |
| id | oai:generic.eprints.org:17794 |
| institution | Universiti Kebangasaan Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T00:33:31Z |
| publishDate | 2021 |
| publisher | Penerbit Universiti Kebangsaan Malaysia |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | oai:generic.eprints.org:177942022-01-01T07:20:05Z http://journalarticle.ukm.my/17794/ The integration of logic model in business plan simulation approach for effective entrepreneurial learning Mohd Guzairy Abd Ghani, Norhidayah Mohammad, Entrepreneurship education plays a vital role in entrepreneurship development. Risk-taking, creative problem-solving, social involvement, and role-playing should all be part of entrepreneurial learning. The logic model was used to evaluate business simulation. Efficacy and self-control can be improved in real-life situations by students. This research aims to find the integration of the logic model that contributes to effective entrepreneurial learning. We conducted a sample of 272 students taking a business plan simulation as part of entrepreneurial learning. PLS structural equation modelling was used to evaluate the logic model. The study found that there was a significant relationship between the input (student characteristics, lecturer characteristics, and simulation content) and the output (learning effectiveness), with the process of as a mediator (experiential learning). However, this research was limited to a selected university and students of an entrepreneurship course. The business plan simulation is also limited to offline use, which is based on VBA Excel. The research highlights the need for business simulations as an exercise and training for future business planning. Experiential learning is a factor that facilitates learning in a simulated environment. This study’s findings also have practical consequences for future entrepreneurs and managers. Penerbit Universiti Kebangsaan Malaysia 2021 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/17794/1/49440-168090-1-PB.pdf Mohd Guzairy Abd Ghani, and Norhidayah Mohammad, (2021) The integration of logic model in business plan simulation approach for effective entrepreneurial learning. Jurnal Pengurusan, 62 . pp. 1-14. ISSN 0127-2713 https://ejournal.ukm.my/pengurusan/issue/view/1426 |
| spellingShingle | Mohd Guzairy Abd Ghani, Norhidayah Mohammad, The integration of logic model in business plan simulation approach for effective entrepreneurial learning |
| title | The integration of logic model in business plan simulation approach for effective entrepreneurial learning |
| title_full | The integration of logic model in business plan simulation approach for effective entrepreneurial learning |
| title_fullStr | The integration of logic model in business plan simulation approach for effective entrepreneurial learning |
| title_full_unstemmed | The integration of logic model in business plan simulation approach for effective entrepreneurial learning |
| title_short | The integration of logic model in business plan simulation approach for effective entrepreneurial learning |
| title_sort | integration of logic model in business plan simulation approach for effective entrepreneurial learning |
| url | http://journalarticle.ukm.my/17794/ http://journalarticle.ukm.my/17794/ http://journalarticle.ukm.my/17794/1/49440-168090-1-PB.pdf |