Risk-Taking Competency as a Determinant of Entrepreneurial Intentions among Management and Non-Management Graduates in Birendranagar

Abstract

Risk-taking competency as a major trait influences determines entrepreneurial behavior and success. The study studies the impacts of risk-taking competency that shapes entrepreneurial intentions among management and non-management graduate entrepreneurs in Birendranagar, Surkhet, Karnali Province Nepal. The research was based on both primary and secondary data. The primary data were collected from 30 business firms (15 management background graduates and 15 non-management background graduates), the research adopted a mixed-method approach using structured questionnaires and Likert-scale analysis. The findings of the study reveal that management graduates exhibit relatively higher levels of risk taking competency (mean = 3.4) compared to non-management graduates (mean = 2.7), that simply indicates a stronger inclination toward calculated risk in entrepreneurial decision-making. In addition to this, risk-taking competency found significant entrepreneurial intentions since it enhanced confidence, strategic thinking, and opportunity recognition. The major findings of the study contribute to build knowledge and policy update and implication for curriculum development and training programs of entrepreneurial development in Nepal. The study concludes that management education plays a crucial role to develop risk-taking competency, and then strengthens entrepreneurial intentions.