Exploring The Determinants Of Entrepreneurship Amongst Graduates In Nigeria

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Exploring The Determinants Of Entrepreneurship Amongst Graduates In Nigeria


Abstract


This research work examined exploring the determinants of entrepreneurship among graduate’s students in Nigeria. A questionnaire survey was conducted to collect data for this study. A total number of 65 students in both management and Agricultural sciences in Delta State University Asaba Campus were sampled using a structure questionnaire. The test for multiple means and the T-test for independent means. We observed that back ground variable has no significant impact on exploring the determination, desire and need for achievement, Attitude, National pride and start up experience are positively related to entrepreneurial intentions.

We recommend that future research should consider entrepreneurial intentions for graduate students in Nigeria and should also consider what factors are related to and may impact individual behaviors. They should also focus more than large population sizes to impact on background variables which will help stimulate economic growth in Nigeria. Taking up a carrier as entrepreneur and setting up a personal business can be an excitingly rewarding experiencing for young persons.

The present high rate of unemployment in Nigeria’s economy should entrepreneurship an appropriate and attractive option. It is widely accepted that the educational system of universities. It as to provide as academic environment that many serve as a catalyst for high technology start up. The factor that surrounds decision making frame of a young Nigeria graduates who intends to pick up a carrier in entrepreneur in this study set out to among others, determine the attitudes of young Nigeria graduates towards becoming entrepreneurs, determine what control beliefs influence their intentions.


Chapter One


1.0 Introduction

1.1 Background of the Study

In recent years, entrepreneurship education has been developing steadily but unevenly in most countries. In the United State for example, which has been a trailblazer and leader in the field, the last decade has been described as an important era, with a significant increase in student interest (Fiet 2001a) the figure tend to support this statement.

In 1971, only 16 colleges and universities in U.S. offered entrepreneurship education program, while today, there are more than 800.

Entrepreneurship is an under search topic in the social sciences and especially in economics. It was not always so, Schumpeter discusses the role of the entrepreneurship in the process of economic development at length. He imagine the entrepreneur as a creative driven individual who find new combination of factors of production” to discover and develop a new product, to apply strategy for a new market or design a new technology.

The United States have a comparatively long tradition of fostering entrepreneurs at universities and business schools. While the first entrepreneurship courses were taught at Harvard Business School as early as the 1930s, this field has seen increasing attention since the 1970s. By 1990, 400 universities in America were already estimates exceed 700 (Vesper and Macmillan 1988: Hills and Morris 1988, Fiet 2001) progress in this field has thus been extremely impressive.


1.2 Statement of Problem

Throughout the world, student in entrepreneurship as a career choice is growing Brenneret 1991, Hart et Harrison, 1992, while interest in traditional professional employment in big business is gradually declining (Kovereld 1996), the orientation and behaviours of student and young graduates are influenced by a number of personal and environmental factors.

Under uncertainty, out came may be characterized by an expected value which summarizes the potential out comes of the probability of their occurring. Business profits are typically an uncertain function of the work effort extended by the entrepreneur, with an expected profit level for each effort level surrounded by a variance of profit outcomes due to the impact of unexpected changed in consumer preferences competition price and product offerings, macro-economic variables and so on.

This profit variance introduces the role that additional remuneration for that effort profit variance is considered by potential entrepreneurs who asses stability (certainty of ensuring a pay check every month avoiding rise, maintaining current life style) before making a decision to set up a new venture (Amit, et al 1996) given the myriad of factors that surrounds the decision making frame of a young Nigeria graduate who intends to put a career in entrepreneur, it is imperative that answers be found to the following questions. What are the attitudes influences, their intention toward becoming entrepreneurs? What are the subjective norms underlying their intention of becoming entrepreneur? What control beliefs influence their intentions?


1.3 Objective of the Study

  1. To determine and stimulate the need for achievement on entrepreneurial intentions.
  2. To encourage and determine the attitude of young Nigeria graduates towards self employment.
  3. To determine entrepreneurial intention towards Nigeria’s graduates
  4. To determine what control belief influence their intention.

1.4 Test of Hypothesis

The following hypothesis has been formulated for this study

  • H01: There is no significant impact on exploring the determination, desire and need for achievement.
  • H02: Attitude, National pride and start up experience are positively related to entrepreneurial intentions.

1.5 Significance of the Study

Economic theories of entrepreneurship usually assume, not surprisingly, that entrepreneurs have economic aspirations principally those of profit maximization. However, a few early theories recognized that entrepreneurs may have non-economic aspirations as well, such as the desire to innovation. The venture into areas untouched by others, the desire to develop markets triumph over others in the market and dynastic aspirations.

The notion that entrepreneurs are embedded in a social framework is central to much work by sociologists (Gramoveter, 1985). Furthermore, as Dyer and Handler (1994) observe, entrepreneurial aspiration focus on entrepreneurial theories tend to focus on entrepreneur at business entry rather than in the business cycle.

In general, the implication and application of the theory of planned behaviour in the field of entrepreneurship and numerous and extremely promising. Some of the theory’s implication are related to education and training. Since the early 1980’s researchers have been able to identify the role played by education and teaching variables in the development of perceptions about the desirability and feasibility of entrepreneurial behaviour.

In recognition of the owning a business can change one’s life, this paper guaranteed and inventory of economic psychological factors then can be used to develop a model of the determinants of entrepreneurial intentions.


1.6 Scope of the Study

For the purpose of the proper analysis of the subject matter the scope of the study is given in two parts, the spatial and temporal scope. Spatially the study is limited to young graduates in Nigeria. Temporally, it was conducted over a three week period.


1.7 Definition of Terms

Entrepreneur:

An entrepreneur is a person who creates a new business in the face of risk and uncertainty for the purpose of achieving profits and growth by identifying opportunities and assembling the necessary resources to capitalize on them Zimmerer and Scarborough (2002).

Proactive:

A person controlling a situation by making things happens rather than waiting for things to happen and reacting to them.

Autonomy:

This is the ability to act and make decisions without being controlled by anyone else.

Entrepreneurial Behaviour:

This factor corresponds to the attitudes towards the behaviour, and is dependent on beliefs relating to the behaviours positive or negative impacts.

Attitude:

The way you think and feel about some body or something, the way that you behave towards somebody or something that show how you feel.

Spatial:

This is relating to space or position, size, shape etc. of things.

Temporal:

This is a particular quality in one’s personality. This is a strong desire to have or do some thing.


Chapter Five


Summary, Conclusion and Recommendation

5.1 Summary

In this study, our focus was exploring the determinants of entrepreneur among graduates in Nigeria exploring the determinants of entrepreneur among graduates in Nigeria using University of Asaba as a case study. The study specifically was aimed at highlighting the stimulate need for achievement on entrepreneurial intentions. The study also, encourage and determine the attitude of young Nigeria graduates towards self employment. Furthermore , determine entrepreneurial intention towards Nigeria’s graduates. Lastly , determine what control belief influence their intention. A total of 65 responses were validated from the enrolled participants where all respondent are drawn from student of delta state University


5.2 Conclusion

Based on the finding of this study, the following conclusions were made:

  1. The attitude of young Nigeria graduates towards self employment is encouraging.
  2. Entrepreneurial intention towards Nigeria’s graduates is high
  3. Control belief influence the entrepreneurial intention.

5.3 Recommendation

Based on the responses obtained, the researcher proffers the following recommendations:

  1. Graduate should see their parents’ occupation as a means of livelihood which must be evaluated properly before venturing into such an enterprise.
  2. Graduate should delve into entrepreneurship businesses instead of waiting for government jobs.
  3. Government should make the business environment more conducive in other for new entrepreneurs to be settled in the business.

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