The research on entrepreneurship Intention

Drost (2010) defined Entrepreneurship Intention as: 

•one's intent to engage in entrepreneurship

•one`s intention to start one`s own business or become self employed driven by desire for autonomy and expectation of economic gain. 

Overview

•Entrepreneurship intention meaning

•Research Objectives

•Background Information

•Theoretical Framework

•Methodology

•Key Findings

•Conclusion

•Implications

Objective of the Study

•The study purported to investigate the entrepreneurship intentions of students of University at Mzumbe University in Tanzania; -

-How they can personally employ themselves in self established firms while they are or after graduating from University.

Background Information

•Entrepreneurship is the lifeblood of every economy in the world.

•it is the concept that enables the creation of jobs, wealth creation, innovation and country`s economic growth.

•entrepreneurship intention is normally represented by self employment, small business and business enterprises

•These are the new desirable employment options for most people and Governments these days.

Theoretical Framework

The study is inspired by four theories-Cultural

 - Planned Behaviour theory

-Environmental (Contextual theory)

-Psychological Trait Theory

- For students the course of study exposes them to a certain line of future career. Employment or school environment stand a greater chance into sparking intention in an individual. 

Hypothesis Testing.

The study had 5 Hypothesis which are:

1. Male students will exhibit higher level of entrepreneurial intention than women in Tanzania

2. The perceived entrepreneurial family background will have greater influence on entrepreneurial intention in Tanzania

3. Entrepreneurial orientation/traits will have greater impact on entrepreneurial intention in Tanzania.

4. Perceived Government support and favourable regulation will promote the entrepreneurship intention

5. Perceived Access to finance will have great correlation to entrepreneurship intention decisions. 

Variables

•Gender

•Entrepreneurial family background

•Entrepreneurial traits/orientation

•Government support/Favourable regulation

•Access to finance

Methodology

•253 respondents from University students

-Female 106(42%) and male 147 (58%).

•Personal Interview

•Data Analysis

-Multiple Regressions

•To check fitness of the model-R Square, Significance level   and   Beta (β) were deployed for the same.

Key Findings

-Male students exhibited higher level of entrepreneurial intention than female students in Tanzania

-perceived entrepreneurial family background had greater influence on entrepreneurial intention in Tanzania

-Entrepreneurial orientation/traits (need to achieve, risk taking propensity and a strong desire to be independent) had greater impact on entrepreneurial intention in Tanzania.

-Perceived Government support and favourable regulation had little significance in promoting the entrepreneurship intention among students.

-Perceived Access to finance will not have great correlation to entrepreneurship intention decisions.

Conclusions

•students that undertake entrepreneurship or business subjects are more entrepreneurial than other who takes courses without entrepreneurial subjects.

•individuals aged 25-44 years are most active in entrepreneurial endeavours worldwide.

•females were generally less likely to be the founders of new businesses than males.

•There is a challenge to convince the University management to make entrepreneurship studies to be taught in all Faculties in the university rather than just in one Faculty/School of Business (The then FOC)

•Entrepreneurship not only helps in setting up the business venture but also in keeping up with unexpected changes that keeps happening in the contemporary world.

•Tanzania requires the entrepreneurial informed and learned University students with entrepreneurship intention to tap into her resources in order to create wealth, employment and prosperity to the country.

   Implication

•As many people are entering into job market and there are few such job places, entrepreneurship is the total solution toward unemployment.

•Entrepreneurship training and studies should be inculcated in the University curriculum if we are to have many entrepreneurs

•Some people becomes entrepreneurs because of contextual environment, the well informed mind will enter into self employment while prepared.

•Almost all millionaires worldwide are self employed.

The End

Reference

Drost Ellen A(2010) Entrepreneurship intentions of Business students: Implication for education, Advances in Management. Vol 3(7) Los Angeles ca 90032,USA. Economic Review, 79, pp. 519-535.