This paper explores the effectiveness of goal setting and accountability within group-based entrepreneurship initiatives in creating human capital. The study uses a randomized cluster trial to compare the experimental and control groups of entrepreneurs. The results suggest that frequent goal setting and accountability in group settings provides a greater number of learning experiences and human capital development opportunities available to entrepreneurs than those that did not engage in the same level of goal setting.
Policy implications
Training entrepreneurs in goal setting in social situations that encourage accountability can have a positive impact on entrepreneurs' human capital.
Key information
Additional information
Reference
Haines, H. (2014). 'The Effectiveness of Goal Setting and Accountability in Group-Based Entrepreneurship Initiatives'. Working paper.