ENTREPRENEURIAL INTENTION AND ENTREPRENEURSHIP AMONG UNDERGRADUATES

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ENTREPRENEURIAL INTENTION AND ENTREPRENEURSHIP AMONG UNDERGRADUATES

CHAPTER ONE

INTRODUCTION

1.1 Background of the study

Entrepreneurial intention can be significantly improved and motivated if adequate knowledge and skills through education is encouraged and imparted in order to ignite the creativity and talents that people are endowed with to make meaningful production of value for the benefits of the society. This makes entrepreneurship education very essential in increasing entrepreneurial intention as it has been noted that entrepreneurship education can positively influence students to become productive in the area of entrepreneurship (Mahendra, Djatmika, & Hermawan, 2017). Consequently, in the last decades, the concept of entrepreneurship education in both formal and informal educational settings have become vital as a result of constant and increasing economic problems such as unemployment (García-Rodríguez, 2017). Furthermore, Kalyoncuoğlu, Aydıntan, and Gökse (2017) argued that it is vital for higher educational institutions to provide entrepreneurship education for students in order to enable the students effectively identify and improve on innovative and creative skills because they will be the driving force of economic development in future. Dogan (2015) argued that the availability of successful entrepreneurs and the increase of the number of entrepreneurs in a society are dependent on entrepreneurship education and having an aspiration for entrepreneurship.

Over the years, countries around the world have become increasingly concerned about promoting entrepreneurship studies and activities as a way of stimulating economic growth and development and the generation of employment (García-Rodríguez, 2017).This is due to the fact that entrepreneurship activities contribute immensely to the socio-economic development of the society as it affords individuals the opportunity to create value to the society and generate employment for themselves and others.

According to Aladejebi (2018) interest in Entrepreneurship Education in Nigeria has been increasing with more private tertiary institutions including entrepreneurial education in their curriculum in view of the growing population coupled with huge unemployment figures. Entrepreneurial education can be a motivating tool for especially young people to develop interest in identifying opportunities that will make them independent and enhance their ability for value creation whereby they can be employers of labour rather than to be employees.

Moreover, entrepreneurship orientation and education can create the ability and motivation of the individual to engage in meaningful activities or vocation. Suleiman (2006) asserted that, entrepreneurship is the willingness and the ability of an individual to seek investment opportunities in order to run an enterprise successfully (Suleiman, 2006). The willingness been a motivation that determines the entrepreneur’s interest to take up risks and opportunities and the ability which is borne out of proper education and training in a required area or vocation.

In view of the need to develop willingness and ability in the individual, undergraduates in tertiary institutions in Nigeria engage in both theoretical and practical entrepreneurship education in various vocations. The theoretical education includes topics on management, finance, business and innovation while the practical aspect covers several skills ranging from shoe making, catering services, hair dressing, website design, photography, videography, bead making, fashion and design and lots more. An individual chooses any of these vocations and undertakes training in it till graduation thus enabling the student to graduate in such a vocation as a specialist. Expectedly, most of the trainees develop quality interest in their vocations such that most of them begin to make products or render services from their vocation and sell even while in school.

1.2 Statement of the problem

There have been in cent times the challenge of entrepreneurial intention among undergraduates as a drive to entrepreneurial activities.

It is important that entrepreneurship education should be encouraged and given all the required support as it is one of the better ways for motivating individuals to make informed choices on how to create wealth. In the word of Fatoki and Oni (2014) argued that entrepreneurship education among undergraduate students can increase entrepreneurship intentions as students will be willing to set up their businesses after their graduation which makes it a burden for the tertiary institutions to take centre stage in the process of continuous development of entrepreneurship education and practices in Nigeria.

1.3 Objectives of the study

to determine the effect of entrepreneurship knowledge on entrepreneurial intention among undergraduates in Nigeria.
to determine the effect of entrepreneurship skills on entrepreneurial intention among undergraduates in Nigeria.

1.4 Research Questions

What is the effect of entrepreneurship knowledge on entrepreneurial intention among undergraduates in Nigeria.
What is the effect of entrepreneurship skills on entrepreneurial intention among undergraduates in Nigeria.

1.5 Significance of the study

It is expected that this study will yield quality outcomes for entrepreneurship theory and practice in Nigeria and the entrepreneurship body of knowledge. Specifically, this study will produce findings that will be of benefit to educational and vocational institutions involved in entrepreneurship studies and training in Nigeria. The findings from this study will further enrich the curriculum used for teaching and training of undergraduates in Nigeria tertiary educational institutions on entrepreneurship studies. The study findings would be of benefit for use in formulating policies relating to entrepreneurship studies and empowerment of youths for taking up opportunities in small business ownership and creation of wealth.

1.6 Research Hypothesis

H0: There is no relationship between entrepreneurial intention and entrepreneurial development among undergraduates

H1: There is a relationship between entrepreneurial intention and entrepreneurial development among undergraduates

H0: Entrepreneurial intention does not have a significant effect on entrepreneurial activities

H1: Entrepreneurial intention have a significant effect on entrepreneurial activities

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