Original Research

Experiential learning and critical reflection as a tool for transfer of business knowledge: an empirical case study of a start-up simulation intervention for nascent entrepreneurs

Ingrid Le Roux, Barnard Steyn
South African Journal of Economic and Management Sciences | Vol 10, No 3 | a694 | DOI: https://doi.org/10.4102/sajems.v10i3.694 | © 2013 Ingrid Le Roux, Barnard Steyn | This work is licensed under CC Attribution 4.0
Submitted: 11 July 2013 | Published: 11 July 2013

About the author(s)

Ingrid Le Roux, University of Pretoria, South Africa
Barnard Steyn, University of Pretoria

Full Text:

PDF (218KB)

Share this article

Bookmark and Share

Abstract

This paper investigates the impact of venture start-up simulation on participants’ learning; it is concerned specifically with the relationship between experiential learning theory and critical reflection within venture start-up simulation. This was carried out in empirical investigation of a simulation training game used to train entrepreneurs in a formal setting. The findings show significant improvement in their knowledge of finance, marketing operations and information use. Participants reported increased skills and intended behavioural changes in their own ventures. Finally, there was empirical support for the fact that critical reflection during experiential learning can greatly improve the standard of learning and has an immediate effect on  participants’ behaviour.

Keywords

No related keywords in the metadata.

Metrics

Total abstract views: 939
Total article views: 1957

 

Crossref Citations

1. Prior knowledge: the role of virtual worlds in venture creation
Hannah Noke, Thomas Chesney
Journal of Small Business and Enterprise Development  vol: 21  issue: 3  first page: 403  year: 2014  
doi: 10.1108/JSBED-04-2014-0057

2. Application of the viable system model in a complex sugarcane supply chain
Sandra Hildbrand, Shamim Bodhanya
British Food Journal  vol: 116  issue: 12  first page: 2048  year: 2014  
doi: 10.1108/BFJ-06-2013-0158