The role of fear of failure and fear of missing out in shaping students' entrepreneurial intentions

Article Sidebar

PDF (Bahasa Indonesia)
Published: Nov 14, 2025
DOI: https://doi.org/10.28932/jmm.v25i1.12208
Keywords:
entrepreneurial intention, fear of failure, fear of missing out fear of failure, fear of missing out, niat berwirausaha

Main Article Content

Muhamad Sonhaji Sodikin
Program Studi Manajemen, Fakultas Hukum dan Bisnis Digital, Universitas Kristen Maranatha
Nur Nur
Program Studi Manajemen, Fakultas Hukum dan Bisnis Digital, Universitas Kristen Maranatha

Abstract

This study is intended to analyze the influence of fear of failure (FoF) and fear of missing out (FoMO) on entrepreneurial intention among undergraduate students in Bandung, given the intense business competition and social dynamics among young generations. The research employed a quantitative method using structural equation modeling (SEM) and involved a sample of 213 undergraduate students selected through purposive sampling. The findings indicate that fear of failure (FoF) negatively affects entrepreneurial intention, whereas fear of missing out (FoMO) enhances it. Together, these two psychological factors explain approximately 68.9% of the variance in entrepreneurial intention among students in Bandung. Therefore, entrepreneurship education programs should integrate modules on strengthening self-efficacy and resilience to mitigate fear of failure, while also leveraging fear of missing out (FoMO) as a positive motivational driver, for instance, through business mentorship and strategic planning, so that entrepreneurial intentions can be effectively realized within a well-structured long-term plan.

Downloads

Download data is not yet available.

Article Details

How to Cite
Sodikin, M. S., & Nur, N. (2025). The role of fear of failure and fear of missing out in shaping students’ entrepreneurial intentions. Jurnal Manajemen Maranatha, 25(1), 65–80. https://doi.org/10.28932/jmm.v25i1.12208
Issue
Vol. 25 No. 1 (2025): Jurnal Manajemen Maranatha
Section
Articles
Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

References

Ajzen, I. (1991). The Theory of Planned Behavior. Organizational Behavior and Human Decision Processes, 50(2), 179-211. https://doi.org/10.1016/0749-5978(91)90020-T

Anastasya, S. A. A., & Siregar, Z. (2025). Implementation of content marketing and FOMO (fear of missing out) marketing on Instagram @Espangeran to increase Gen Z consumer loyalty. Economic: Journal Economic and Business, 4(3), 533-542. https://doi.org/10.56495/ejeb.v4i3.1158

Badan Pusat Statistik. (2025). Keadaan ketenagakerjaan Indonesia Februari 2025. Badan Pusat Statistik. https://www.bps.go.id/pressrelease/2023/05/05/2001/februari-2023--tingkat-pengangguran-terbuka--tpt--sebesar-5-45-persen-dan-rata-rata-upah-buruh-sebesar-2-94-juta-rupiah-per-bulan.html

Banjarnahor, A. R., & Sari, O. H., (2023). Meningkatkan minat berwirausaha Generasi Z melalui literasi digital di era teknologi. Sammajiva: Jurnal Penelitian Bisnis dan Manajemen, 1(1), 132-143. https://doi.org/10.47861/sammajiva.v1i1.1359

Fitria, S. E., & Hakim, F. R (2022). Identification of critical success factor startup in business incubators (Case study: Bandung Techno Park). International Journal of Social Service and Research, 2(10), 881-895. https://ijssr.ridwaninstitute.co.id/index.php/ijssr/article/view/162/299

García-Salirrosas, E. E., Millones-Liza, D. Y., Rondon-Eusebio, R. F., Esponda-Pérez, J. A., Salas-Tenesaca, E. E., Armas-Herrera, R., & Zumba-Zúñiga, M. F. (2025). The interaction between self-efficacy, fear of failure, and entrepreneurial passion: Evidence from business students in emerging economies. Behavioral Sciences, 15(7), 951. https://doi.org/10.3390/bs15070951

Gartner, J., Fink, M., & Maresch, D. (2022). The role of fear of missing out and experience in the formation of SME decision makers’ intentions to adopt new manufacturing technologies. Technological Forecasting and Social Change, 180(1) 121723. https://doi.org/10.1016/j.techfore.2022.121723

Haider, M. (2019). Human Development Index 2019: Pakistan ranks lower than all South Asian countries. https://www.thenews.com.pk/print/582826-human-development-index-2019-pakistan-ranks-lower-than-all-south-asian-countries

Hair, J. F., Hult, G. T. M., Ringle, C. M., Sarstedt, M., Danks, N. P., & Ray, S. (2022). Partial Least Squares Structural Equation Modeling (PLS-SEM) using R: A workbook. Springers. https://doi.org/10.1007/978-3-030-80519-7

Halim, S. K., Hidayat, D., Eni, Y., & Fernando, E. (2023). What is entrepreneurial fear of failure? Binus Business Review, 14(1), 73-84. https://doi.org/10.21512/bbr.v14i1.8658

Hasan, Z. I., & Revinzky, M. A. (2025). Fear of missing out and social media usage as catalysts for entrepreneurial interest through entrepreneurial motivation. Journal of Economics, Entrepreneurship, Management Business and Accounting, 3(1), 35-45. https://doi.org/10.61255/jeemba.v3i1.565

Hunter, E., Jenkins, A., & Mark-Herbert, C. (2021). When fear of failure leads to intentions to act entrepreneurially: Insights from threat appraisals and coping efficacy. International Small Business Journal: Researching Entrepreneurship, 39(5), 407-423. https://doi.org/10.1177/0266242620967006

Khasanah, M., Arifin, Z., Muktamar B, A., & Satiadharma, M. (2023). Peran kewirausahaan sosisal dalam pencapaian tujuan pembangunan berkelanjutan (SDGs). Jurnal Ekonomi dan Kewirausahaan West Science, 1(03), 226-235. https://doi.org/10.58812/jekws.v1i03.528

Lasaksi, P., Andriani, E., & Sunijati, E. (2023). Pengaruh kewirausahaan mikro dan pendidikan perempuan terhadap pengentasan kemiskinan di Indonesia. Sanskara Ekonomi dan Kewirausahaan, 2(1), 9-17. https://doi.org/10.58812/sek.v2i01.273

Luthfia, A. (2025). Mengenal bonus demografi, manfaat dan tantangannya. https://www.antaranews.com/berita/4790621/mengenal-bonus-demografi-manfaat-dan-tantangannya?utm_source=chatgpt.com

Mahanti, T. K. (2021). India lost two spots in 2019 HDI rank; fear worse in 2020. https://businesseconomics.in/india-lost-two-spots-2019-hdi-rank-fear-worse-2020?utm

Maria, V., & Nabila, V. N. (2025). FOMO (fear of missing out) di kalangan Gen-Z: Jasa titip dubai chocolate sebagai peluang baru bagi UMKM Indonesia (Studi kasus sosial media). Maeswara: Jurnal Riset Ilmu Manajemen dan Kewirausahaan, 3(3), 121-127. https://doi.org/10.61132/maeswara.v3i3.1828

Maria, V., Irpani, F. S., Khariza, N. A., & Ramadhani, V. (2024). Analisis fear of missing out (FoMO) labubu terhadap pembelian impulsif di kalangan masyarakat Indonesia. MENAWAN: Jurnal Riset dan Publikasi Ilmu Ekonomi, 3(1), 128-135. https://doi.org/10.61132/menawan.v3i1.1130

Mutmainnah, M., Muis, I., & Hamid, A. N. (2024). Fear of failure and entrepreneurial intentions in university students. Journal of Educational, Health and Community Psychology, 13(2), 531-554. https://doi.org/10.12928/jehcp.v13i2.28074

Pane, H. P., Luthfi, S., Napitupulu, I., Situmorang, S. H., & Sembiring, B. K. F. (2024). The psychological pull of FoMO in consumer behavior: A literature review. International Journal of Economics and Management Sciences, 1(4), 402-418. https://doi.org/10.61132/ijems.v1i4.373

Pertiwi, J. I., Rahman, H., & Verinita, V. (2025). Pengaruh frugal living dan perilaku fear of missing out (FoMO) terhadap frugal entrepreneurship dengan frugal innovation sebagai variabel mediasi (Studi pada usaha mikro kuliner kemasan Kota Padang). Jurnal Ekonomi Manajemen Sistem Informasi, 6(6), 4193-4204. https://doi.org/10.38035/jemsi.v6i6.5699

Purwati, W. D., & Prasetyanto, P. K. (2022). Analisis pengaruh bonus demografi terhadap pertumbuhan ekonomi di Indonesia. Jurnal Economia, 1(3), 532-546. https://doi.org/10.55681/economina.v1i3.130

Putri, N. F., & Saraswati, P. (2023). Fear of missing out dan personal growth initiative pada mahasiswa. Cognicia, 11(2), 133-139. https://doi.org/10.22219/cognicia.v11i2.28483

Ramadhan, F. S., Hafid, A., Ardiansyah, A., & Nurjaman, U. (2024). Pengertian wirausaha dan karakteristik wirausaha. Mutiara: Jurnal Penelitian dan Karya Ilmiah, 2(3), 289-298. https://doi.org/10.59059/mutiara.v2i3.1342

Sangapan, L. H., Paryanti, A. B., & Manurung, A. H. (2025). Eksplorasi pengalaman wirausahawan muda dalam mewujudkan entrepreneurial mindset di kalangan mahasiswa. Jurnal Kewirausahaan dan Multi Talenta, 3(1), 36-43. https://doi.org/10.38035/jkmt.v3i1.348

Sihaloho, K. B., Iriyanti, N. I., Rahmawati, R., Irma, E., & Buana, D. M. A. (2021). Fear of failure in entrepreneurship among higher education student. Psychology and Education, 58(1), 6142-6149. https://doi.org/10.17762/pae.v58i1.3765

Subroto, S. E., & Tricahyono, D. (2023). Identifikasi faktor faktor kunci kesuksesan inkubator bisnis universitas dari kacamata tenant (Studi kasus Bandung Techno Park Universitas Telkom). E-Proceeding of Management, 10(4), 1827-1836. https://openlibrary.telkomuniversity.ac.id/pustaka/files/195800/jurnal_eproc/identifikasi-faktor-faktor-kunci-kesuksesan-inkubator-bisnis-universitas-dari-kacamata-tenant-studi-kasus-bandung-techno-park-universitas-telkom-.pdf

Syaefudin, M., Purwani, N., & Wibowo, A. (2021). Does entrepreneurial culture influence students’ entrepreneurial intention? International Journal of Advanced Science and Technology, 29(5), 11013-11023. https://www.researchgate.net/publication/351256539

Tandon, A., Dhir, A., Islam, N., Talwar, S., & Mäntymäki, M. (2021). Psychological and behavioral outcomes of social media-induced fear of missing out at the workplace. Journal of Business Research, 136, 186-197. https://doi.org/10.1016/j.jbusres.2021.07.036

United Nations Development Programme (2020). The next frontier - human development and the anthropocene. Human Development Report 2020. https://doi.org/10.18356/9789210055161

Yonatan, A. Z. (2023). Mayoritas pelaku wirausaha adalah lansia. https://data.goodstats.id/statistic/mayoritas-pelaku-wirausaha-adalah-lansia-UDTaN