Journal of Small Business Strategy                                                                             Vol. 25 ● No. 2 ● 2015


Journal of Small Business Strategy          Vol. 25 ● No. 2 ● 2015 

SBI 2015 Conference 
Distinguished Teaching Paper 

Awarded by the Small Business Institute® 

WHAT PEDAGOGICAL METHODS IMPACT STUDENTS’ 
ENTREPRENEURIAL PROPENSITY? 

Bonnie Canziani 
University of North Carolina, Greensboro 

bonnie_canziani@uncg.edu  

Dianne H. B. Welsh* 
University of North Carolina, Greensboro 

dhwelsh@uncg.edu  

Yuchin (Jerrie) Hsieh 
Rochester Institute of Technology 

yhsieh@rit.edu  

William Tullar 
University of North Carolina, Greensboro 

wltullar@uncg.edu  

ABSTRACT 
There is a dearth of research that investigates the effectiveness of different pedagogical 
methods for teaching entrepreneurship. This paper focuses on three learning design choices: 
experiential learning, use of teamwork, and focus on quantitative methods. The paper 
examines pedagogical variables that could contribute to raising student scores on constructs 
of change, risk taking, goal setting, feedback, and achievement as measured by our 
customized entrepreneurial propensity survey. Results offer moderate evidence to confirm 
effects of experiential learning designs for goal-setting and weak evidence for feedback. 
Additional findings suggest the need for rethinking the role of teamwork in entrepreneurship 
courses. 

Keywords: entrepreneurship pedagogy, experiential learning, entrepreneurial propensity 

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INTRODUCTION 

The enormous economic, social, and 
educational benefits resulting from 
entrepreneurship have caused the proliferation 
of entrepreneurship education programs in 
colleges and universities around the world. In 
the U.S. alone, more than 1,500 colleges and 
universities offer entrepreneurship-related 
training in different formats (Charney & 
Libecap, 2000). The exponential growth of 
entrepreneurship education is a challenge to 
educators, and prompts more thinking and 
research on what to teach and how to teach 
entrepreneurship in a classroom setting. The 
entrepreneurship education literature 
highlights two dimensions relating to the 
outcomes of entrepreneurship education. One 
is the development of an individual’s skill set 
(e.g., the skill to identify opportunity and to set 
up a business and manage its growth), the 
other is to build an “entrepreneurial mindset”, 
meaning to mold an individual’s 
entrepreneurial personalities or attributes 
(e.g., an individual’s creativity, innovation, 
and risk-taking) (Fayolle, Gailly, & Lassas-
Clerc, 2006; Garavan & O’Cinneide, 1994; 
Weber, 2011). 

Some scholars (Müller & Gappisch, 2005; 
Roberts, 1998; Stormer, Kline, & Goldenberg, 
1999) emphasized the second dimension and 
argued that entrepreneurship is a personality 
trait: a combination of personality and talent 
that can be cultivated and trained.cognitive 
declarative knowledge, individuals who are 
goal-setters, who need achievement, and who 
are risk takers, tend to become successful 
entrepreneurs (Welsh & Tullar, 2014). 
Entrepreneurship education can strengthen 
individual’s entrepreneurial attitudes (Harris, 

Gibson, & Taylor, 2007/2008). To train 
and cultivate entrepreneurial traits requires an 
integrated learning and teaching strategy that 
aligns intended learning outcomes with the 
effective selection of pedagogy. There is a 
strong belief that the most effective 
pedagogical approach to teaching 
entrepreneurship is action-oriented and 
experientially based learning that embeds 
hands-on project-based activities (Minniti & 
Bygrave, 2001; Sherman, Sebora, & Digman, 
2008). 

Although researchers and educators have 
extolled the alleged benefits of 
entrepreneurship education, there has been 
little rigorous research on its effects (Gorman, 
Hanlon, & King, 1997; McMullan, Chrisman, 
& Vesper, 2002). Specifically, how effective is 
such an experiential approach in enhancing 
students’ entrepreneurial propensity? Do 
experientially based activities have an impact 
on students’ intent to become entrepreneurs? 
And is the extent of the impact positive or 
negative? To date, there is a dearth of research 
that investigates the impact or effectiveness of 
different pedagogical methods for teaching 
entrepreneurship (Honig, 2004; Winslow, 
Solomon, & Tarabishy, 1999). This paper 
focuses on the impacts on critical measures 
associated with entrepreneurial propensity of 
three learning design choices: experiential 
learning, use of teamwork, and focus on 
quantitative methods. The paper aims to 
unlock the pedagogical variables that could 
contribute to student scores on constructs of 
change, risk taking, goal setting, feedback, 
and achievement as measured by our 
customized entrepreneurial propensity survey 
(Welsh & Tullar, 2014). 

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Journal of Small Business Strategy          Vol. 25 ● No. 2 ● 2015 

BACKGROUND LITERATURE 

Entrepreneurial Propensity/Intention for 
Entrepreneurship 

The basis for our Entrepreneurial Propensity 
survey (Welsh & Tullar, 2014) is to measure 
student task motivation in entrepreneurship 
courses. The constructs measured are: 
Change, Risk Taking, Goal Setting, Feedback, 
and Achievement. We follow the Task 
Motivation Theory (Miner, Smith, & Bracker, 
1989) in designing the survey. Task 
Motivation Theory is largely synonymous 
with McClelland’s (1961) work on the need 
for achievement which has been widely 
recognized as one of the first good predictors 
of entrepreneurial success. Miner and 
colleagues recast McClelland’s (1961) 
concepts into Task Motivation Theory (Miner 
et al., 1989). Task Motivation Theory (Miner 
et al., 1989) follows a more holistic approach 
to the entrepreneurial role. While it measures 
achievement motivation, it also measures risk 
taking, feedback of results, personal 
innovation, and planning for the future. 

Task Motivation Theory (Miner et al., 1989) 
holds that the pushes and pulls of sanctions are 
built into the entrepreneurial task itself. 
Control over a person’s behavior does not 
proceed from superiors, or professional norms, 
or peer group members, but rather it comes 
from the work itself and the way it is 
structured. Entrepreneurs expect financial 
rewards, status in their communities, and 
personal satisfaction. At the same time they 
experience the threats of business failure, 
personal ruin, and bankruptcy. 

Five constructs essential to entrepreneurial 
propensity were drawn from the above 
theories. The first of the five constructs is 

Change. The pull of individual achievement 
works only to the extent that the individual can 
attribute change to something the individual 
has done him/herself. Original or creative 
changes have a distinctive quality that makes 
it easier to identify them as one’s own and to 
take personal credit for them. A desire to 
introduce such changes is more likely to make 
task inducement function as it should. 

The next construct is Risk Taking. The 
successful entrepreneur must face considerable 
challenge and the prospect of being 
overextended. To accept this, an individual 
must have a desire to take risks; tasks that the 
individual already knows well don’t exert any 
pull because there is no sense of achievement in 
accomplishing them. In addition, the desire to 
take risks where personal effort cannot 
ultimately reduce the risk is not part of the 
entrepreneurial mindset. In neither case can a 
person anticipate a sense of individual 
achievement with any reasonable probability. 
Entrepreneurs desire to take risks where they 
can have an influence on the outcome. 

Goal Setting is a hallmark of the 
entrepreneurial mindset. The entrepreneur is 
pulled by the prospect of anticipated future 
rewards. S/he must approach life with a strong 
future orientation. Such a person must have a 
desire to plan and to set personal goals that will 
signify achievement. Having set the goal, the 
entrepreneur must plot ways to attain the goal. 
The entrepreneurial mindset is future oriented 
without inordinate fear of failure. 

Feedback is generally a need of entrepreneurs. 
Feedback on the amount and results of one’s 
performance are the only way to attribute any 
degree of success to one’s efforts. 

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Journal of Small Business Strategy          Vol. 25 ● No. 2 ● 2015 

Entrepreneurs need to know whether they 
have succeeded or failed. Consequently, the 
individual must be motivated to seek out 
results-oriented feedback in measures such as 
profitability, productivity, waste, course 
grades, etc. 

The last and most recognizable of the 
constructs is Achievement. Based on 
McClelland’s seminal work, Achievement has 
been shown related to entrepreneurial success 
in a wide variety of contexts (cf. McClelland, 
1961). The major source of this motivation is 
an intrinsic desire to achieve through one’s 
own efforts and ability and to experience the 
enhanced feelings of self-esteem and self-
worth that achievement affords. Individuals 
high in this motive typically look for situations 
where the risks that they take and their hard 
work can produce tangible results that they can 
tell themselves they have caused. 

These five separate motives may substitute for 
one another in producing an overall index of 
task motivation (Locke & Henne, 1986). The 
Thematic Apperception Test (TAT) was 
developed by Henry A. Murray and Christiana 
D. Morgan at the Harvard Clinic at Harvard 
University during the 1930s (For a history, see 
Morgan, 2002). Although McClelland’s work 
was based on a single construct, the need for 
achievement (McClelland & Winter, 1969), 
the scoring of TAT stories for need for 
achievement included some risk taking, 
feedback, and innovation, but these factors 
were not measured separately. Task 
Motivation Theory (Miner, Smith, & Bracker, 
1989) is based on the notion that it is necessary 
to measure each of these five features of the 
entrepreneurial role separately which is the 
approach used in this paper. 

Experiential Learning 
The concept of experiential learning is not a 
recent phenomenon. There is a long history of 
ideas regarding the importance of experiential 
learning, rooted in the early work of John 
Dewey (1910, 1938). Dewey believed 
learning and democracy would be advanced if 
people were engaged in “active, real world 
problem-solving” combined with “reflective 
thought and action” (Harkavy & Benson, 1998, 
p.16). Dewey integrated the idea of experiential 
learning into traditional higher education, 
believing that experiential learning could be 
used as a bridge between the academic and the 
practical. Scholars such as Kurt Lewin, Jean 
Piaget, William James, Carl Jung, Paulo Freire, 
and Carl Rogers helped to model the theory of 
experiential learning (Kolb & Kolb, 2005). Carl 
Rogers differentiated between two types of 
learning: cognitive and experiential; and 
indicated that experiential learning focuses on 
the needs of the learner, and is conducive to 
personal change and growth (Rogers, 1969). 
These scholars believed that learning is a 
holistic process of adaptation to the world, 
resulting from synergetic transactions between 
the person and the environment, and it is the 
responsibility of education to connect student 
learning to the real world. 

Kolb’s Experiential Learning Theory. Kolb’s 
experiential learning theory is one of the best 
known educational theories in higher 
education, and defines learning as "the process 
whereby knowledge is created through the 
transformation of experience. Knowledge 
results from the combination of grasping and 
transforming experience" (Kolb, 1984, p. 41). 
The theory presents a cyclical model of 
learning, consisting of four stages. The first 
stage, concrete experience, is where the learner 
actively experiences an activity. The second 

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Journal of Small Business Strategy                                                                             Vol. 25 ● No. 2 ● 2015 

 
stage, reflective observation, is where the 
learner consciously reflects back on that 
experience. The third stage, abstract 
conceptualization, is where the learner attempts 
to conceptualize a theory or model of what is 
observed. The fourth stage, active 
experimentation, is where the learner tries to 
plan how to test a model, theory or plan for a 
forthcoming experience. A person passes 
through these modes repeatedly in a way that 
helps them learn from the past and take new 
information into future learning situations 
(Kolb, 1984). 

Benefits of Experiential Learning. 
Experiential learning focuses on learning by 
doing, which is regarded as one of the best 
instructional techniques to provide students 
with opportunities to internalize material, and 
is understood by a great number of students 
(Meyers & Jones, 1993). Experiential learning 
is student-centered instruction, rather than 
teacher-centered instruction, since the 
student’s progress through the four 
experiential learning stages facilitates and 
drives the education process (Kolb, 1984). 
Active participation of the learners in the 
learning process often results in deeper and 
more robust learning than is gained from just 
reading or listening to lectures. In the 
experiential learning classroom, even students 
who are passive in learning are provided with 
opportunities to facilitate their own learning 
by actively applying the material at hand 
(Krueger, 2007). The experiential learning 
classroom also provides the opportunity for 
students to receive immediate feedback in 
classroom discussions, and to realize the 
importance of participation in group activities, 
which helps eliminate the competitive 
atmosphere that occurs when students are not 

given opportunities to work together to 
achieve a common goal (Meyers & Jones, 
1993). It is also found that real-life 
experiences have a lasting effect on students 
(Okudan & Rzasa, 2006). 

Experiential Learning in 
Entrepreneurship 
Scholars have argued that for an 
entrepreneurship education program to be 
effective, it must teach in entrepreneurial ways 
(i.e., Honig, 2004; Kuratko, 2003; Politis, 
2005; Welsh & Tullar, 2014). Although class-
based knowledge input is a vital component of 
learning, the traditional lecture-based didactic 
pedagogy alone is not sufficient (Cooper, 
Bottomley, & Gordon, 2004). Sherman, 
Sebora, and Digman (2008) pointed out that 
traditional approaches such as reading the text 
have little impact on a student’s decision to 
choose entrepreneurship as a career, while 
activities that are more experiential in nature, or 
with more hands-on activities, pique students’ 
interest in becoming entrepreneurs. 

To achieve real understanding of the meaning 
of entrepreneurship, new pedagogical 
approaches that embrace active and 
experiential learning, such as student business 
start-ups, live cases and simulations, should be 
incorporated into teaching (Honig, 2004; 
Kuratko, 2005; Ronstadt, 1987). Studies 
reviewing entrepreneurship programs around 
the world found experiential activities have 
been widely utilized to increase the depth of 
the program, including guest speakers focused 
on entrepreneurship/small businesses; business 
plan competitions; student club/organizations 
focused on entrepreneurship/small businesses; 
internships focused on  
entrepreneurship/small businesses; on-site 
visits focused on entrepreneurship/small 

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businesses; and feasibility studies (Wilbanks, 
2013; Winkel, Vanevenhoven, Drago, & 
Clements, 2013. Research also has 
demonstrated that experiential learning 
opportunities increase students’ desire and 
intention to become an entrepreneur (Fiet, 
2000; Peterman & Kennedy, 2003); enhance 
their self-awareness and recognition of their 
entrepreneurial abilities and weaknesses 
(Fuchs, Werner, & Wallau, 2008, Harris & 
Gibson, 2008; Matlay, 2006); increase their 
skills in identifying opportunities (Corbett, 
2005); and develop their social skills 
(Dhliwayo, 2008). 

An experiential learning approach can be 
delivered in different forms to expose students 
to concrete experience. The most common 
approach used by college educators is the 
creation of business plans (Ronstadt, 1987). 
Many entrepreneurship courses include 
activities such as visiting small businesses, 
guest speakers, case studies and projects 
related to the development of a business that 
give students the opportunities to grasp the real 
work of entrepreneurship (Gorman et al., 1997; 
Vesper & McMullan, 1988). Business ventures 
on campus, entrepreneurship internships, or 
co-operative education, also allow students to 
develop their skills and knowledge in 
entrepreneurship. For the purpose of this paper, 
three core instructional design factors were 
hypothesized to have effects on the 
entrepreneurial propensity of students studying 
entrepreneurship at the university: 
Experiential Learning (EL), Teamwork, and 
Quantitative focus. These have been 
hypothesized to have independent effects on 
the five task motivation constructs outlined in 
this paper. The following hypotheses were 
tested: 

Hypothesis 1 
There are statistically significant 
differences in entrepreneurial 
propensity between students exposed to 
courses adopting experiential learning 
and those exposed only to traditional 
learning designs. Specifically, 
Achievement, Change, Feedback, Goal 
Setting, and Risk Taking scores will be 
higher for experiential learning 
courses than for traditional learning 
designs. 

Hypothesis 2 
There are statistically significant 
differences in entrepreneurial 
propensity between students exposed to 
courses with team-work and those 
without team-work learning designs. 
Specifically, Achievement, Change, 
Feedback, Goal Setting, and Risk 
Taking scores will be higher for 
teamwork-based courses than for non-
teamwork based learning designs. 

Hypothesis 3 
There are statistically significant 
differences in entrepreneurial 
propensity between students exposed to 
quantitative courses and those exposed 
only to non-quantitative courses. 
Specifically, Achievement, Change, 
Feedback, Goal Setting, and Risk 
Taking scores will be higher for 
quantitative courses than for non-
quantitative courses. 

METHODOLOGY 

Sampling 
The setting of the data collection was the 
experiential Learning Pilot at the University of 

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North Carolina at Greensboro. The B.S. in 
Entrepreneurship launched in the fall of 2009 
and the reconfigured minor for business and 
non-business students launched the fall of 
2008. The purpose of the Entrepreneurship 
program is to produce graduates that are 
globally ready by equipping them with 
Entrepreneurship skills for the 21st Century 
(Welsh, 2014). An innovative curriculum was 
built on existing faculty strengths in the 
business school and across the University. 
Students have the opportunity to choose a 
profile based on one of seven entrepreneurship 
areas based on research by one of the authors 
on where careers are headed for the next 
twenty years: Creative Industries 
Entrepreneurship, Family Business, 
Franchising, Health Care Entrepreneurship, 
International Entrepreneurship, Science, 
Innovation, and Technology, and Social 
Entrepreneurship. 

As of fall 2014, there are 46 undergraduate and 
graduate courses available in 26 departments 
with three more being proposed for 2015, 
which will bring the total to 49 courses in 26 
departments. Majors, minors, and graduate 
students have the opportunity to take elective 
courses in the above areas. To our knowledge, 
this is the second largest number of cross-
disciplinary courses developed at a school of 
our size and stature in the United States; 
Washington University in St. Louis, Missouri 
has the most courses available. It is the largest 
cross-disciplinary program in the State of 
North Carolina. As of fall 2014, there are 
approximately 130 majors and 90 minors, 
business and non-business students, in the 
program. 

Sample Design. As noted, student scores for 
five constructs, Change, Risk, Goal-setting, 
Feedback, and Achievement, were obtained 
from students at the end of their 
entrepreneurship courses. For the purpose of 
this study, the initial dataset was refined in 
multiple ways to ensure the usability of the 
input data for analysis. The final dataset 
resulted in the following proportions by 
course: 

• ENT 200 Intro to ENT Finance
(n=13)

• ENT 201 Creativity, Innovation
(n=13)

• ENT 240 Intro to the ENT
Experience (n= 7)

• ENT 300 Feasibility Analysis
(n=55)

• ENT 337 Family Business (n=16)

• ENT 342 International
Entrepreneurship (n=15)

Three major learning designs emerged from a 
manual content review of the sample course 
syllabi: experiential learning, teamwork-
oriented learning, and quantitative-focus 
learning (see Table 1). The determination of 
where to place each course on these 
instructional design factors was made based on 
manual content analysis of the course syllabi 
by two researcher faculty with follow up expert 
validation with course instructors. The seven 
courses were assigned systematically a value 
of either 1 or 0 for each instructional design 
factor; for example. ENT 300 and ENT 337 
were assigned a 1 for experiential learning and 
all other courses were assigned a value of 0. 

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In projecting which of the courses followed 
an experiential based design, we evaluated the 
percentage of graded work falling into 
experiential activity versus traditional 
assessment (tests, quizzes). Two courses, 
ENT 300 and ENT 337, had respectively only 
32 and 35 percent of course grades attributed 
to tests and quizzes, reflecting a strong use of 
experiential activities for teaching and 

assessment purposes. The other courses each 
has 70 percent or more of course grade being 
based on tests and quizzes. Teamwork and 
quantitative methods were determined by 
verifying the teaching methods and stated 
learning outcomes, again reviewing syllabi to 
assign courses to each category on these two 
variables. 

Table 1 
Classification of Entrepreneurship Courses on Learning Designs 

Course # Course Topic EXPERIENTIAL TEAM QUANTITATIVE 

ENT 
200 

ENT Finance X 

ENT 
201 

Creativity/Innovation X 

ENT 
240 

The ENT Experience X 

ENT 
300 

Feasibility Analysis X X 

ENT 
337 

Family Business X X 

ENT 
342 

International ENT 

Instrument Development for Collection of 
Dependent Variable Student Scores 
The constructs measured are: Change, Risk 
Taking, Goal Setting, Feedback, and 
Achievement. Our constructs are based partly 
on McClelland’s Need for Achievement 
(1962) scoring system and partly on the Miner 
Sentence Completion Scale Form T. Task 
Motivation Theory (Miner et al., 1989) 
usually deals with the fit between a person’s 
motivation and the organization. In this case, 
it is more appropriate to examine the fit 
between the person’s motivation in class and 
the entrepreneurial role (Miner et al., 1989). 

While we believe that Task Motivation Theory 
(Miner et al., 1989) is a good approach, we 
argue that Miner and colleagues’ measure is 
not entirely suitable for the measurement of 
students. The sentence stems include items 
such as, “When I fill out my tax return . . .” and 
“Profit and loss statements . . .” Obviously, 
these are things that traditional students have 
little or no experience with. In order to follow 
this approach, we found it necessary to change 
many of the sentence stems. We converted the 
sentence completion feature of the revised 
Miner et al. (1989) measure to a multiple 
choice format. This was done to make our 
measure more readily usable across curricula. 

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The sentence completion format takes a 
considerable amount of training to score, and 
scoring, even after training, is always a 
laborious process. We revised the dimensions 
by Miner et al. (1989) somewhat to make the 
test more “student friendly.” 

We made up sentence stems to fit the 
constructs using some of Miner’s wording and 
some of the wording from McClelland’s TAT 
scoring instructions. We gave these sentence 
stems to a sample of 80 MBA students. The 
students were instructed to complete the 
sentences with the ending that first occurred to 
them. Then we took the most common student 
completions and had a group of 12 different 
MBA students scale the completions on a five 
point scale from most positive to most 
negative. 

From the scale scores, we were able to find the 
two most positive statements to go with each 
sentence stem, the two most negative 
statements to go with each stem, and two 
statements that showed no affect at all but 
were merely statements of fact. In doing this, 
we had a 40 item multiple choice assessment 
which yielded scores on the five constructs 
mentioned above. Each construct is measured 
with eight different sentence stems, so a 
construct score could range from -8 to +8. We 
attempted to get the negative and positive 
statements to be approximately equal in 
deviation from zero. 

Validity and Reliability.  

The validity of the Task Motivation Theory 
Scales relies on the work of Miner & 
colleagues and McClelland. Our items are 
directly derivative of Miner’s MSCS form T 

constructs. We argue that they are content 
valid in that they include most of the same 
verbal content as Miner’s scales.  

We also had six MBA students sort the items 
from our Entrepreneurial Propensity Scale 
into the various scale categories. They sorted 
the items with a 91% success rate into each of 
the nine scale categories. We have had two I/O 
psychologists sort the items into the scale 
categories. They had an 86% success rate of 
classifying the items as we have. On the basis 
of where the items derived from and the ability 
of students and professionals to recognize 
where the items fit, we argue that the scales 
are content valid.The descriptive statistics for 
the constructs are shown in Table 2. The Alphas 
are somewhat low, but we argue that given this 
method of measurement, it is difficult to 
produce higher alphas. This is so because the 
participant taking the assessment would have a 
hard time understanding what is being 
measured. We also tried to make the social 
desirability of the choices approximately the 
same even though some of them are undesirable 
as entrepreneurial answers. For instance, in 
answer to the stem “Inventing something new . 
. .” the possible answers are a. is very difficult, 
b. is something I excel at, c. is good for the 
market, d. is fun and exciting, e. is something 
I’m not interested in, and f. is important for 
economic growth. Choices a and e are scored -
1. Clearly, people who choose these two 
options are not interested in inventing a new 
product. Choices c and f, while positive, are just 
statements of fact and are therefore scored zero. 
Choices b and d show positive affect toward 
inventing something new and are therefore 
scored as +1. Each construct is measured with 
eight different sentence stems, so a construct 
score could range from -8 to +8. We attempted 
to get the negative and positive statements to 

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Journal of Small Business Strategy          Vol. 25 ● No. 2 ● 2015 

produce approximately equal in deviation from 
zero. However, as may be seen in Table 2, we 
have a positive bias in our scales. This may be 
due to the fact that all our participants are 

entrepreneurship students. We might expect 
students with other majors to score lower on 
these scales, closer to zero. 

Table 2 
Descriptive Statistics of Entrepreneurial Propensity Constructs (n = 1076) 

Construct Mean 
Standard 
Deviation 

Cronbach’s 
Alpha 

Change 1.45 2.46 0.627 
Risk Taking -0.09 2.13 0.680 
Goal Setting 2.43 2.22 0.560 
Feedback 3.77 2.52 0.589 
Achievement 2.52 2.51 0.652 

Table 3 shows the correlations among the 
constructs. The strongest correlation is 
between Feedback and Achievement. The fact 
that these two scales are moderately correlated 
is not surprising given the emphasis on 
feedback in most of the literature on n 
Achievement. With a sample this large, 

significance is not much of an issue since even 
small correlations are significant, but Risk 
Taking is only related to Change significantly. 
That correlation is very small at just .08 and 
the other three correlations are very close to 
zero. 

Table 3 
Intercorrelations among the Entrepreneurial Propensity Constructs (N= 1076) 

Construct Risk Taking Goal Setting Feedback Achievement 

Change .080* .152* .223* .284* 
Risk Taking .030 -.036 .052 
Goal Setting .336* .289* 
Feedback .402* 

* p < .05

RESULTS AND DISCUSSION 
T-tests were utilized to determine whether 
any statistically significant differences exist 
in terms of students’ entrepreneurial 
propensity scores among the three learning 

designs. Considering Table 4, we find 
moderate evidence to confirm Hypothesis 1 
effects of experiential learning designs for 
goal-setting and weak evidence for 
feedback, but not for the change, risk, or 
achievement scores. 

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We found very slight evidence (see Table 5) 
for Hypothesis 2, i.e., that teamwork affected 
achievement in a negative direction. We found 

no evidence (see Table 6) for Hypothesis 3, 
i.e., that a heavy quantitative focus of a course
impacted any of the five entrepreneurial 
propensity measures in any significant way. 

Table 4 
Experiential Learning versus Non Experiential Learning courses 

ENT 
Propensity 

Measure 
Experiential 

Learning 

Non Experiential 

Learning 

t 

value 

p 

value 

× SD N × SD N 

Change 1.79 2.376 66 1.98 2.881 44 -.376 .708 

Risk -.18 2.246 66 -.39 2.212 44 .471 .639 

Goal-setting 3.17 2.116 66 2.27 2.039 44 2.202* .030 

Feedback 4.35 2.587 66 3.41 2.433 44 1.910** .059 

Achievement 2.52 2.362 66 2.70 2.673 44 -.391 .697 

*p<.05; **p<.1

It is notable that experiential learning produces greater goal setting motivation. Apparently, the 
more tangible aspects of experiential courses boosts a student’s need to set goals. In addition, it 
appears that Feedback needs are considerably higher in experiential learning courses. 

Table 5 
Team-based versus Non Team-based courses 

ENT 
Propensity 
Measure 

Team-based 
Learning 

Non Team-based 
Learning 

t 
value 

p 
value 

× SD N × SD N 

Change 1.73 2.485 83 2.26 2.863 27 -.917 .361 

Risk -.24 2.223 83 -.33 2.270 27 .187 .852 

Goal-setting 2.89 2.130 83 2.56 2.118 27 .713 .477 

Feedback 4.10 2.658 83 3.59 2.223 27 .888 .376 

Achievement 2.36 2.518 83 3.30 2.267 27 -1.716** .089 

**p <.1  

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Journal of Small Business Strategy          Vol. 25 ● No. 2 ● 2015 

The only significant, albeit weak, result in 
Table 4 is that of Achievement. It is not 
surprising that Achievement motivation is 
higher in courses where students are not 

assigned to teams. Individual Achievement is 
what is measured by our Achievement scale, 
and such a motive cannot be taught well in a 
course that emphasizes group work. 

Table 6 
Quantitative versus Non Quantitative courses 

ENT 
Propensity 
Measure 

Quantitative 
Learning 

Non Quantitative 
Learning 

t 
value 

p 
value 

× SD N × SD N 

Change 2.23 3.492 13 1.81 2.451 97 .545 .587 

Risk -.38 1.938 13 -.25 2.269 97 -.208 .836 

Goal-setting 2.62 1.557 13 2.84 2.192 97 -.349 .728 

Feedback 3.92 1.553 13 3.98 2.669 97 -.111 .913 

Achievement 3.23 2.166 13 2.51 2.517 97 .990 .324 

In the comparison of quantitative with non-
quantitative courses, we find no significant 
differences. This is not unexpected. 
Whether or not a course is quantitative has 
little to do with the motivations of our five 
constructs. In the distinction between  
quantitative and non-quantitative, we are 
focusing on cognitive knowledge acquisition 
rather than motive strength. We argue that 
courses that create affect are more likely to 
show differences in our motives. 

The present results provide limited evidence 
for the proposition that experiential learning 
produces greater levels of entrepreneurial 
motivation. This makes logical sense and 
reinforces a trend that has been growing in 
recent years. Cognitive declarative  
knowledge may well improve an 
entrepreneur’s chances of succeeding, but it 
does only a little to help him/her to want to 

succeed in his/her own business. Experiential 
learning is more motivationally directed, so 
we should not be surprised that it has an effect 
on student motivation. 

On the other hand, team-based courses may 
actually inhibit the Achievement motive. This 
is a finding that needs further investigation. If 
it is true, and if it is also true that Achievement 
motivation is a good predictor of success in 
entrepreneurial activity, then we may need to 
rethink our pedagogical strategies for teaching 
entrepreneurship courses. Assigned group 
work may dampen the Achievement motive 
because the student doesn’t have the 
opportunity to produce results that are 
identifiably his/her own—and thus the pull of 
Achievement cannot be found. The literature 
also indicates that entrepreneurs view 
interpersonal relationships largely as ways to 
assemble needed skill and funding resources 

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Journal of Small Business Strategy                                                                             Vol. 25 ● No. 2 ● 2015 

 
and tend to prioritize competence of others 
over other social traits (Stuart & Sorenson, 
2007). Thus, when teams are created without 
careful communication of the added value of 
teammates on a project, students may view 
teams as hindrances rather than helpful. 

We should not be at all surprised that cognitive 
declarative knowledge in the form of 
quantitative vs non-quantitative courses 
shows no difference in terms of motives. 
Cognitive declarative knowledge and 
motivation are different things. 
 

IMPLICATIONS FOR ACADEMIC  
FACULTY AND BUSINESS  

PRACTITIONERS 

Experiential learning has been a growing idea 
in entrepreneurship education in recent years. 
These data provide good reasons to think this 
trend is good for students in entrepreneurship 
courses. Though very preliminary, it does 
appear that experiential learning courses in 
our sample foster entrepreneurial motivation 
better than other styles of pedagogy. Two 
ways in which one commonly assesses or 
monitors student’s development of 
entrepreneurial propensity in courses have 
been noted in the academic field: rubric-driven 
instructor feedback and self-reported student 
profile instruments. This paper sought to 
validate the latter as a tool to compare 
different pedagogical techniques. 

Such forms of assessment keep students/teams 
aware of their academic mission and remind 
them that course experiential activities have 
academic learning goals beyond the resume 
worthy experience and networking 
opportunities. Since the instructor cannot 
completely control the learning environment 

during some experiential activities, the type 
and quantity of instructor monitoring of 
results become vitally important. The goal is 
to promote systematic feedback to students on 
constructs relevant to entrepreneurship by 
specifically addressing the five relevant 
constructs of change, risk, goal-setting, 
feedback, and achievement. In our case, this 
set of constructs has been converted into sets 
of behavioral and attitudinal scale items that 
students can use to self-report on their 
propensity for entrepreneurial thinking and 
motivation. The implications for faculty are 
that these scores can be used to examine 
instructional pedagogies and refine them in 
order to promote increased entrepreneurial 
propensity in students. 

The onus on academic programs in 
entrepreneurship is to prepare students for 
future careers and innovative activity leading to 
the creation of new businesses. With this in 
mind, we believe that the careful examination 
and continuous improvement of academic 
pedagogies in entrepreneurship will yield more 
and better entrepreneurs and intrapreneurs for 
the variety of business fields that our students 
will enter. We also believe that by linking 
entrepreneurial propensity improvements to 
experiential learning activities involving  
entrepreneurship experts and partner 
businesses, we strengthen the potential for 
strategic partnerships between the academe 
and the field of practice. 
 

CONCLUSIONS AND  
RECOMMENDATIONS 

As noted, there is a dearth of research that 
investigates the impact or effectiveness of 
different pedagogical methods for teaching 
entrepreneurship. This paper focused on 

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Journal of Small Business Strategy          Vol. 25 ● No. 2 ● 2015 

closing that gap by studying the impacts on 
critical measures associated with 
entrepreneurial propensity of three learning 
design choices: experiential learning, use of 
teamwork, and focus on quantitative methods. 
Experiential learning was defined as student-
centered instruction through the use of active 
participation of students, rather than teacher-
centered instruction via lectures and testing. 
The constructs measured comprised Change, 
Risk Taking, Goal Setting, Feedback, and 
Achievement following the tenets of Task 
Motivation Theory. 

As discussed, we found moderate evidence to 
confirm effects of experiential learning 
designs for goal-setting and weak evidence for 
feedback. While an interesting finding, this 
study represents a relatively small sample due 
to the difficulties of managing instructor and 
student engagement with the entrepreneurial 
propensity survey. The authors plan to 
continue collecting data from students to 
increase the sample size and provide insight 
that will support the impact of pedagogical 
methods on enhancing students’ 
entrepreneurial propensity. Further research is 
clearly needed to clarify the relationship and 
answer additional questions of interest: What 
kinds of activities instill the most motivation? 
Can we design experiential learning that will 
increase the Change, Risk, and Achievement 
motives? Should all entrepreneurship 
courses include some experiential instruction 
and what is the proper weight to assign to this 
critical activity? Further research and 
consistent results along these lines could make 
entrepreneurship education stronger and more 
efficacious than it now is. 

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conference. 

Dr. Bonnie Farber Canziani holds a Ph.D. 
from Cornell University in Hotel 
Administration. Her teaching and research 
spans services management and marketing, 
revenue management, and wine industry 
strategy and marketing. She has held 
numerous positions relevant to academic 
assessment and the furtherance of teaching 
and learning excellence in higher education. 
Additional research areas include assessment 
of complex competencies such as critical 
thinking in student consulting projects, 
entrepreneurial propensity, sustainability, 
and global competence. 

Dr. Dianne H.B. Welsh is the Hayes 
Distinguished Professor of Entrepreneurship 
and Founding Director of the Entrepreneurship 
Programs at The University of North Carolina 
Greensboro. She is the 2015 Fulbright-Hall 
Distinguished Chair for Entrepreneurship for 
Central Europe. Dianne is a recognized scholar 
in family business, international 
entrepreneurship, women-owned businesses, 
and franchising and has seven books and over 
150 publications. Her books include Creative 
Cross-Disciplinary Entrepreneurship, 
published by Palgrave-Macmillan, and the 2nd 
edition of Global Entrepreneurship and Case 
Studies in Global Entrepreneurship. 

Dr. Yuchin (Jerrie) Hsieh received her Ph.D. 
in Hospitality and Tourism Management from 
Purdue University in 2004. Prior to joining 
academia, she worked for five-star hotels in 
Taiwan and the Netherlands. Her research 
interests include hospitality-related human 
resources, and hotel employees’ occupational 
health. 

Dr. William Tullar is a Professor of 
Management at the University of North 
Carolina Greensboro where he has taught for 
40 years. He obtained his Ph. D. in 
Industrial/Organizational Psychology from the 
University of Rochester. Professor Tullar has 
been a Fulbright Scholar to Germany, and a 
visiting Scholar in Moscow, Russia, Worms, 
Germany, Ludwigshafen, Germany, and 
Chisinau, Moldova. He has consulted widely 
both in the U. S. and in Europe. He has 
published numerous articles and book chapters 
on various aspects of management, most 
principally on human resource management 
and development. 

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