Thesis An entrepreneurial value creation model: The empirical study of graduates in the mekong river delta
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4.2.1 Adjusting measurement scalesThe collaborative engagement with five distinguished experts refines andoptimizes the measurement scales employed in the study, specifically focusing on the”Scale for Entrepreneurial Competencies” and the scale evaluating the “Efficiency andNovelty of Business Model.” Through an iterative process of expert interviews,insights were gathered, leading to a significant reduction in the number of observationitems while enhancing the precision and relevance of the scales.The initial version of the “Scale for Entrepreneurial Competencies” comprised 12observation items designed to assess various competencies essential forentrepreneurial success. Upon consultation with the experts, their collective insightsand expertise allowed for a thorough evaluation of the competency scale. Through aconsensus-driven process, the scale was judiciously refined, resulting in a streamlinedversion with six carefully selected observation items. These six items were deemed toencapsulate the core entrepreneurial competencies critical for the study’s objectives.The reduction aimed to enhance the efficiency of the scale by eliminating redundancyand ensuring a more focused and targeted assessment of entrepreneurial competencies.The final set of six observation items reflects the distilled essence of competenciesrelevant to the MRD context, as validated by the expertise of the participatingindividuals.The initial version of the scale evaluating the “Efficiency and Novelty ofentrepreneurial value creation” included 13 observation items, designed to capture theeffectiveness and innovativeness of entrepreneurial business models. Through ameticulous process, the scale was revised, resulting in a refined version containing sixcarefully selected observation items. These items were chosen to holistically assessthe efficiency and novelty of business models within the MRD entrepreneuriallandscape.