The Validation of Smart Entrepreneur Model (SEM) for Student Using Exploratory Factor Analysis (EFA)

Abstract

The entrepreneurial student program reflects the Indonesian government s growing emphasis on the necessity of developing entrepreneurship skills and mindsets among university students. However, a method for implementing this program has not been thoroughly defined. This research aims to examine the validity of the Smart Entrepreneur Model (SEM) construct using Exploratory Factor Analysis (EFA). A research and development approach were used. It was divided into three stages. This study aims to describe the outcome of the second step, which is the statistical analysis test with EFA. It summarizes the findings of an examination of the SEM construct. The model s construction consists of nine phases: 1) Training Program Preparation, 2) Psychometric Test (pretest), 3) Determination of Mentor Selection Participants, 4) Training, 5) Project Work, 6) Project Monitoring, 7) Seminar and Report, 8) Psychometric Tests (Posttest), and 9) Project Evaluation. EFA was performed to analyze construct validity with the aid of IBM SPSS Amos 20. This construct validity test was performed on 72 randomly selected students who participated in a SEM course. They were asked to complete a questionnaire. The EFA results are valid. In fact, of the nine phases studied, there is only one with an Eigenvalue greater than one. In terms of phase development in this training model experiment, it is possible to infer that the 9 phases examined have created a unified model. As a result, the SEM entrepreneurship training approach is valid.