Chapter V.docx

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Chapter V SUMMARY, CONCLUSION, IMPLICATIONS AND RECOMMENDATION Summary This study was about the factors that influence the B.S. Entrepreneurship students to become entrepreneurs and its relationship to their profile in terms of age, sex and work experience. The respondents of this study were the selected B.S.

Entrepreneurship

Philippines

students

particularly

from

of

University

the

College

of of

Eastern Business

Administration. The research design that was used in this study was descriptive-correlational. This research design was used to describe the factors that influence students to become entrepreneurs and to determine if there was a significance relationship between the factors and the profile of the respondents. The researchers used the questionnaire in order to gather all the data needed. The questionnaire was composed of two parts: the profile of the respondents and the factors that

influence

students

to

become

entrepreneurs,

specifically, attitude towards entrepreneurship, perceived behavioural

control

and

entrepreneurial

intention.

The

sampling technique used in this study was fish ball sampling for the researchers to know how many per section would be the respondents. The statistical treatments used are frequency

45

and

percentage,

weighted

mean,

and

multiple

regression.

Weighted mean was used to determine the factors that influence B.S.

Entrepreneurship

students

to

become

entrepreneurs.

Frequency and percentage was used to determine the number of observations that lie above (or below) a particular value. While the multiple regression analysis was used in order to identify if there was a significant relationship between the profile of the respondents and the factors that influence B.S. Entrepreneurship students to become entrepreneurs.

Summary of Findings Most

of

the

respondents

were

female

in

which

they

outnumbered the male students; majority of them belonged to the age of 19. It was also observed that most or majority of them does not have any work experience. According to the result of the data gathered by the researchers

it

was

clear

that

there

was

no

significant

relationship between the profile of the respondents and the factors that influence them to become entrepreneurs. It was because the significance of the study is 0.734 was greater than 0.05 margin of error so the null hypothesis was accepted. It can be implied that the age, sex, and work experience was

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not affected by the factors that influence students to become entrepreneurs. It was because there are some young and old students who are looking forward of becoming entrepreneurs. Majority of them are into business that’s why the factors do not affect their age. Not all the time, male and female have different perception in choosing their careers in the future. Some male and female have the same perception on choosing entrepreneurship as their career in the mere future. It has been found that the factors of entrepreneurship were not affected

by

age,

gender,

and

work

experience

of

the

respondents.

Conclusion and Implication The result of the study accepted the null hypothesis which means that age, gender, and work experience had no significant relationship with the

factors that influence

students to become entrepreneurs. 1. Younger member of the Entrepreneurship department have more entrepreneurial intention than those of the older member and female members have higher interest in becoming entrepreneurs. This implies that the younger students have higher entrepreneurial intention than older students and it

47

also

implies

that

females

have

higher

entrepreneurial

intentions than males 2. Factor 1 (attitude towards entrepreneurship) a career as entrepreneur is attractive for them. Factor 2 (Perceived behavioural

control)

they

know

the

necessary

practical

details to start a firm. Factor 3 (entrepreneurial intention) they are ready to do anything to be an entrepreneur. These are the factors that influence to the B.S Entrepreneurship students to become entrepreneurs. This implies that they are ready

to

become

entrepreneurs.

This

also

implies

that

entrepreneurship attracts them to become entrepreneurs and that they were already knowledgeable of the necessary details in starting up their own firms. 3. There is no significant relationship between the demographic profile to the respondents. This implies that age, sex, work experience are does not affect their intention to become entrepreneurs. 4. There is no significant relationship between the demographic

profile

entrepreneurship. entrepreneurship

of

the

This do

not

students

implies

and

that

affect

respondents to become entrepreneurs.

the

the

the

factors factors

intention

of

of of the

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Recommendation Based on the conclusion, the following recommendation was drawn: 1. A majority of the respondents are female, therefore recommended that males should be motivate more so that we can make sure that the foundation of the firm will be stronger. Because as we all know males are stronger than females and they are not easily knock down by so much problems. Mostly of the respondents belonged to the age of 19, therefore it is recommended

that

the

older

members

should

be

motivated

because they are more matured than the younger once. Almost all of the respondents does not have any working experience, therefore it is recommended that they should be involved in activities

which

will

give

them

experience

and

strong

foundation so that they will be able to know the reality in the world of business. 2. Based on the findings of the most encountered factors are (attitude towards entrepreneurship) A career as entrepreneur is

attractive

for

them.

Factor

2

(Perceived

behavioral

control) they know the necessary practical details to start a firm. Factor 3 (entrepreneurial intention) they are ready to do anything to be an entrepreneur, it is recommended that the teachers should have effective methods of teaching that

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will surely inspire and motivate the students’ aim of becoming an entrepreneur will not fade. They must also give students the right knowledge about the different strategies, process and procedures involved in entrepreneurship so that they can assure that these students who aims to become entrepreneurs will be prepared enough to start their own firms and make this firm a successful business. 3.

Based on the finding that the socio-demographic

profile of the respondents does not affect their intention to become entrepreneurs, it is recommended that the parents and teachers

should

inspire

and

motivate

their

children

and

students so that they will have entrepreneurial heart flame which will make entrepreneurship their passion. 4. Based on the findings that the socio-demographic profile of the respondents does not affect the factors of entrepreneurship,

therefore

it

is

recommended

that

the

teachers must focus on the factors which will influence the students to become a successful entrepreneur rather than focusing on the profile of the students in judging if they will be able to become successful entrepreneurs in the mere future.