| Pub. Date | : Mar, 2023 |
|---|---|
| Product Name | : The IUP Journal of Entrepreneurship Development |
| Product Type | : Article |
| Product Code | : IJED010323 |
| Author Name | : Shubham Garg, Parveen Kumar and Sanjeev Kumar |
| Availability | : YES |
| Subject/Domain | : Management Journals |
| Download Format | : PDF Format |
| No. of Pages | : 15 |
Entrepreneurship is a powerful tool to reduce unemployment. Hence, educational institutions run many entrepreneurial programs and students too participate in them, which in turn enhance their employability. The study investigates the entrepreneurial willingness of university students across all streams. It particularly analyzes the willingness of 218 respondents on the basis of gender, field of study and family background, using independent sample t-test (2 dependent groups) and one-way ANOVA, Welch test and post-hoc and parametric test. The findings show that female students have a stronger willingness to take up entrepreneurship compared to male students. As far as education streams are concerned, it is found that commerce students have higher entrepreneurial willingness in comparison to others. Family business ownership also has a positive influence on students' willingness to take up entrepreneurship.
Production is one of the foremost economic activities that drive the economy. The facilitating attributes and conditions required for production are known as factors of production, namely, land, labor, capital and entrepreneurship. It is entrepreneurship that combines all the other factors for economic development (Fernando, 2022). Earlier, it was considered as a part of the production function, but considering its increased importance, entrepreneurship has become a separate domain.
According to Cole (1959), "Entrepreneurship is the voluntary activity of an individual or a group of associated individuals, undertaken to initiate, maintain or enlarge profit through the production or distribution of economic goods and services1." In the literature,