The percentage of entrepreneurship in Indonesia has not reached two percent of the whole population. This is proven by the survey result of Global Entrepreneurship Monitor (GEM) which shows that, out of the total population of two hundred fifty million people, there is only 1.65% entrepreneur in Indonesia; this figure is still below other ASEAN countries. Nevertheless, the survey result says the perceived opportunity in Indonesia is rather high with 47% and the proportion of perceived opportunity between man (51%) and woman (49%) is similar. This shows that Indonesian people have high intention to become an entrepreneur. There are many businesses that grow from different generation backgrounds. Based on the generation theory, there are five generation groups which are categorized based on their birth cohort: Mature Generation (1925 - 1945), Boom Generation (1946 - 1964), Generation X (1965 - 1980) Millennial Generation (1981 - 2000), and Generation Z (2001 - present).
Previous researches have investigated the trend and characteristic of generations and entrepreneurial intention on a certain group. The objective of this research is to find out the trend of entrepreneurial intention on generation X, millennial and Z based on the priority and perception on the need of achievement, self-efficacy, instrument readiness, demography and interest. The main objective of this research is to investigate the difference of entrepreneurial intention on the different generations. In the future, research will be developed to be applicable. Data were collected using questionnaire distribution regarding entrepreneurial intention on each generation with purposive sampling method and the collected data then analyzed using difference test.
Bandura, A. (1986). The Social Foundation of Tought and Action, Englewood Cliffs, NJ: Prentice Hall.
Branston, C. (2006). From Game Studies to Bibliographic Gaming: Libraries Tap into the Video Game Culture. Bulletin of the American Society for Information Science and Technology, 32(4): 24-29.
Choo, S., Dan, M. W. (2006), “Entrepreneurial intention: triggers and barriers to new venture creations in Singapore”. Singapore Management Review 28 (2): 47-64.
Gaith, G. (2010) An Exploratory Study of the Achievement of the Twenty-First Century Skills in Higher Education. Education & Training, 52(6/7): 489-498.
Giles, M., Rea, dan A. (1970). “Career self-efficacy: an application of the theory of planned behavior”. Journal of Occupational & Organizational Psychology 73 (3): 393-399.
Hacket, G., Betz, dan N. E. (1986). “Application of self-efficacy theory to understanding career choice behavior”. Journal of Social Clinical and Phsycology 4: 279-289.
Hansemark, O. (1998). The effects of a program on need for achievement and locus of control of reinforcement. International Journal of Entrepreneurship Behaviour and Research, 4, 28-50.
Harrell, A. M., Stahl, M. J. (1984). McClelland’s Trichotomy of Needs Theory and the Job Satisfaction and Work Performance of CPA Firm Professionals. Accounting, Organizations and Society, 9 (3–4): 241–252.
Heinonen, J., & Poikkijoki, S. (2006). An entrepreneurial-directed approach to entrepreneurship education: mission impossible. Journal of Management Development, 25,(80-94).
Howe, N., and Strauss, W. (2000). Millennials Rising: The Next Great Generation. New York: Vintage Books.
Indarti, N., (2004). “Factors affecting entrepreneurial intentions among Indonesian students”. Jurnal Ekonomi dan Bisnis 19 (1): 57-70.
Indarti, N., dan Rostiani, R. (2008), Entrepreneurial Intentions among Student: Study Case of Indonesian, Japan, and Norwegian Students, Journal of Business and Economics, 23 (4).
Kristiansen, S. (2001). “Promoting African pioneers in business: what makes a context conducive to small-scale entrepreneurship?”. Journal of Entrepreneurship 10 (1): 43-69.
Martin, C. A., and Tulgan, B. (2002). Managing the Generational Mix. Amherst, MA: HRD Press.
Mazzarol, T., Volery, T., Doss, N., Thein, dan V. (1999). “Factors influencing small business start-ups”. International Journal of Entrepreneurial Behaviour and Research 5 (2): 48-63.
McClelland, D. (1961). The Achieving Society, Princeton, New Jersey: Nostrand.
Moberg, C. R., Leasher, M. (2011). “Examining the differences in salesperson motivation among different cultures”. American Journal of Business. 26(2): 145 – 160.
Oblinger, D., and Oblinger, J., Eds. (2005). Educating the Net Gen Washington, D.C.: EDUCAUSE.
Quester, P. G., dan Smart, J. (1998). The Influence of Consumption Situation and Product Involvement over Consumers' Use of Product Attribute. Journal of Consumer Marketing. Vol.15 Iss. 3, 220 - 238.
Reynolds, P. D., Hay, W. D., Bygrave, S. M. Camp, dan E. Aution, (2000). “Global entrepreneurship monitor: executive report”. A Research Report from Babson College, Kauffman Center for Entrepreneurial Leadership, and London Business School.
Scott, M., Dan, D. T. (1988). “The long-term supply of entrepreneurs: students` career aspirations in relation to entrepreneurship”. Journal of Small Business Management 26 (4): 5-13.
Sinha, T. N. (1996). “Human factors in entrepreneurship effectiveness”. Journal of Entrepreneurship 5 (1): 23-29.
Tapscott, D. (1998). Growing Up Digital: The Rise of the Net Generation. New York: McGraw-Hill.
Teddlie, C., & Yu, F. (2007), Mixed Methods Sampling: A Typology with Examples. Journal of Mixed Method Research, 1(1): 77-100.
Walsh, G., Mitchell, V. W., Frenzel, T., dan Wiedmann, K. P. (2003), Internet-induced changes in consumer music procurement behavior: A German perspective, Marketing Intelligence & Planning, Vol. 21, No. 5, hal. 305-317.
In-Text Citation: (Setiobudi & Herdinata, 2018)
To Cite this Article: Setiobudi, A., & Herdinata, C. (2018). Difference in Entrepreneurial Intention on Generation X, Y and Z. International Journal of Academic Research in Business and Social Sciences, 8(7), 48–57.
Copyright: © 2018 The Author(s)
Published by Human Resource Management Academic Research Society (www.hrmars.com)
This article is published under the Creative Commons Attribution (CC BY 4.0) license. Anyone may reproduce, distribute, translate and create derivative works of this article (for both commercial and non-commercial purposes), subject to full attribution to the original publication and authors. The full terms of this license may be seen at: http://creativecommons.org/licences/by/4.0/legalcode
