Analysis of Factors Influencing the Realization of Entrepreneurial Ideas Using Logistic Regression Model

Abstract

Background/Objectives: It is aimed to identify the influencing factors that are involved in the initial stage of idea formation for startup and analyze the propensity and condition of each individual.
Methods/Statistical Analysis: The hypothesis is that a person's tendency, preference and satisfaction affect the attempt to form an idea for startup. Therefore, a logistic regression model in which idea suggestion is a binary dependent variable while entrepreneurial tendency, platform preference and satisfaction are explanatory variables is adopted. This model enables us to understand the reasons for suggesting ideas and to lay the groundwork for establishing policies aimed at revitalizing the proposal of founding ideas.
Findings: The results found the followings: First, there is no difference according to the age and region of the group. However, according to gender, occupation, platform usage reason, cognitive path, entrepreneurial experience, there are differences. In addition, the odds of suggesting an idea increase with the willingness to start and commercialization interest. The satisfaction of the related contents has a great influence on the system rather than the function of the system.
Improvements/Applications: The main factors that should be prioritized for the diffusion and revitalization of entrepreneurial culture are identified, and it can be used to establish the policies of the nationwide entrepreneurship and entrepreneurship support organizations.