Entrepreneurship Education and The Propensity for Starting Businesses Amongst University Students in Southwestern Nigeria
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Date
2015
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Abstract
The aim of this study is to investigate the university student’s propensity in starting a business through the means of entrepreneurship education. Education is very important in the training and development of entrepreneurship in any country through the impartation of appropriate skills, capacities, values, knowledge and attitudes which can be used in the transformation of individuals, communities, nations and the world at large. Entrepreneurship education can be used for wealth creation, poverty reduction, ensuring social-economic empowerment, sustained self and national development. It also, examined the influence of entrepreneurship education on student’s awareness and interest in entrepreneurship development.
The study used primary data to obtained necessary information from the students. The population size includes 12 institutions comprising both federal and states universities in Southwestern Nigeria. A simple random technique was used to select six institutions from the population. Questionnaires were purposively administered to the final year undergraduates from the departments of Accounting and Computer science in the institutions. The purpose for selecting final year undergraduates for the study is that, these students will soon graduate from their various institutions and most of them having been exposed to entrepreneurship education, may wish to start their own businesses. Accounting students were purposively selected due to their exposure to business courses in their field of study and Computer Science students are selected, in order to measure business intentions which are important for new technology- based business start-up. Convenience sampling techniques was used in selecting the respondents from the population using 10 percent of final year students in the six universities. Data on variables such as entrepreneurial characteristics, entrepreneurial factors, entrepreneurship education and entrepreneurial intentions will be sourced from the respondents with the questionnaire. Data gathered will be analyzed usingappropriate descriptive and inferential statistics.
The study therefore showed that entrepreneurial factors influences students propensity in starting a business in which the majority of the respondents strongly agree and agree that age , level of study, family background, experience gathered, peers and social communication influences and increases their propensity in business start- up. Moreso, majority of the respondents strongly agree and agree that entrepreneurial characteristic is very important and needed to start- up a business. The ANOVA result showed that there is significant relationship (F6, 207 = 9.83, P< 0.05) between entrepreneur educations and youths’ entrepreneurial propensity with Adjusted R square 0.2; (F6, 207 =, P < 0.05).
The study concluded that entrepreneurship is one of the feasible and viable strategy for reducing unemployment through the means of entrepreneurship education that sharpen student interest in business start- up. Also, the study concluded that entrepreneurship education and other factors of entrepreneurship strongly influence the interest of the student in Nigeria
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xiii,171p
Keywords
Entrepreneurship, Education, Businesses, Entrepreneurship Education, Employment, Unemployment