Self-Leadership and Self-Efficacy in Relation to Entrepreneurial Decision Making

Although decision-making can be done by everyone, not everyone can make their own decisions correctly. In addition, in a rapidly changing global context, decision-making often occurs in complex and ambiguous situations. As an entrepreneur, it is basically related to risk taking, every decision made certainly poses a risk, even if it is small. Psychological factors in the decision-making process have a very large contribution. The population in this study were business actors who run businesses in Surabaya totaling 120 people who are members of the UMKM community at APMINDO as an association of micro and medium UMKM. The results of the hypothesis test analyzed using linear regression analysis in this study are that there is an influence of self-leadership and self-efficacy with entrepreneurial decision making, the F value is 206.200 (p <0.01), so the hypothesis is accepted, namely there is an influence of self-leadership and self-efficacy with entrepreneurial decision making. The effective contribution of self-leadership and self-efficacy in predicting entrepreneurial decision making is 62.1% while the remaining 37.9% is influenced by other factors not examined in this study.