Project
Project
Project
1 INTRODUCTION
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launching a start-up, a significant proportion of business, have to close,
due to lack of funding, bad business decisions, and economic crisis, or
accommodation of all of these or due to lack of market demand. In the
2000s, the definition of "entrepreneurship" has been expanded to explain
how and why some individuals (or teams) identify opportunities, evaluate
them as viable, and then decide to exploit them, whereas others do not,
and, in turn, how entrepreneurs use these opportunities to develop new
products or services, launch new firms or even new industries and create
wealth.
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1.2 STATEMENT OF THE PROBLEM
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1.3 OBJECTIVES OF THE STUDY
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1.4 RESEARCH METHODOLOGY
Descriptive Research
Area of study
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1.4.3 SAMPLE SIZE
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1.5 SCOPE OF THE STUDY
The scope of the study is limited to the evaluation of the interest of final
year students towards entrepreneurship.final years students.covers
majority of their course in commerce related subjects, but in future,
students will not be taking more interest to the field of entrepreneurship,
and this study focus on identifying the reasons for students not entering
the field of entrepreneurship.
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1.6 LIMITATION OF THE STUDY
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REVIEW OF LITERATURE
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self efficiency and ownership have a greater influence on the
intention to start a venture. Another finding is that the likelihood of
venturing intoEntrepreneurship decrease whiles the level of
education increases.
Banu (1984): an attitude is a mental neural state of readiness,
organized through experience exerting a directive or dynamic
influence upon the individual`s response to all objects and
situations with which it is related.
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THEORETICAL FRAMEWORK
DEFINITION OF ENTREPRENEUR
The term ‗entrepreneur‘ was first used in the business field by Richard
Cantillon , the French economist. To him, an entrepreneur means a dealer
who purchases the means of production for combining them into
marketable products. According to Peter F Drucker ―An entrepreneur is
one who always searches for change, responds to it, and exploits it as an
opportunity. Innovation is the specific tool of entrepreneurs, the means by
which they exploit change as an opportunity for a different business or
service‖. Simply, entrepreneur is a person who runs a business.
ENTREPRENEURSHIP
DEFINITION
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TYPES OF ENTREPRENEURS
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2. Rational: The rational entrepreneur is well informed about the
general economic conditions. He introduces changes that look
more revolutionary.
3. Cognitive: The cognitive entrepreneur is well informed. He draws
upon the advice and services of experts and introduces changes that
reflect a complete break-up from the existing scheme of things.The
following are some more types of entrepreneurs listed by some
other behavioral scientists.
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History of Entrepreneurship
Modern Entrepreneurship
Today, entrepreneurs are the lifeblood of economies all over the world.
Even in command economies like China, entrepreneurs are valued for
their contribution to the economy and encouraged to innovate to compete
with companies around the world. Since the beginnings of history,
entrepreneurship has always been ruled by the market forces known as
supply and demand. Early entrepreneurs in the Agricultural Revolution
met the needs of farmers by providing them with tools and shelter. In
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exchange, they received food that could feed their families. As years went
by, the means of entrepreneurship changed dramatically but the core
reasons for entrepreneurship remained the same. Everywhere in the
world, entrepreneurs arose to address demand by providing supply. They
innovated and invented new technologies to solve problems that nobody
had ever solved before.
Traditional entrepreneurs
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"Entrepreneurial spirit is characterized by innovation and risk-taking.
While entrepreneurship is often associated with new, small, for-profit
start-ups, entrepreneurial behavior can be seen in small-, medium and
large-sized firms, new and established firms and in for-profit and not-for-
profit organizations, including voluntary sector groups, charitable
organizations and government. The term "entrepreneur" is often conflated
with the term "small business" or used interchangeably with this term.
While most entrepreneurial ventures start out as a small business, not all
small businesses are entrepreneurial in the strict sense of the term. Many
small businesses are sole proprietor operations consisting solely of the
owner, or they have a small number of employees, and many of these
small businesses offer an existing product, process or service, and they do
not aim at growth. In contrast, entrepreneurial ventures offer an
innovative product, process or service, and the entrepreneur typically
aims to scale up the company by adding employees, seeking international
sales, and so on, a process which is financed by venture capital and angel
investments.
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abilities are often perceived as essential leadership attributes for
successful entrepreneurs. Political economist Robert Reich considers
leadership, management ability, and team-building to be essential
qualities of an entrepreneur.
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TABLE 4.1 SHOWING RESPONSE WHETHER
ENTREPRENEURSHIP CAN BE CONSIDERED AS A CAREER
OPTION IN TODAY’S WORLD
30 56%
25
20
30%
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RESPONDENTS
10
6% 8%
5
0
0
Strongly Disagree Neutral Agree Strongly
disagree agree
INTERPRETATION
The above chart shows that 56% of the respondents agreed with the
statement of entrepreneurship can be considered as a career, 30% stayed
neutral, 6% of the respondents disagreed with the statement.
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TABLE 4.2 SHOWING PERSPECTIVE ON
ENTREPRENEURSHIP DOES NOT PROVIDE JOB STABILITY
40%
Yes
No
60%
INTERPRETATION
The above diagram shows that 60% of the respondents stated that
entrepreneurship does not provide job stability and the rest 40% students
were against this statement.
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TABLE 4.3 SHOWING EXPERIENCE IN CERTAIN JOB AREAS
8%
24%
Sales experience
Supervisory role
Handling cash
10%
Running own business
58%
INTERPRETATION
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TABLE 4.4 SHOWING AREA OF CAREER WHICH IS MORE
INTERESTED IN THE FUTURE
10%
Sole proprietorship
16%
Partnership
48%
Service business
Company
14% Other
12%
INTERPRETATION
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TABLE 4.5 SHOWING WHETHER ENTREPRENEURSHIP IS
RISKY
60
100%
50
40
30
RESPONDENTS
20
10
0 0%
Yes No
INTERPRETATION
The above chart shows that all the respondents agreed that
entrepreneurship is risky.
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TABLE 4.6 SHOWING WHETHER IT IS DIFFICULT TO GET
FINANCE/LOAN TO START NEW BUSINESS
Strongly agree 4
Agree 35
Neutral 9
RESPONDENTS
Disagree 2
Strongly disagree 0
0 10 20 30 40
INTERPRETATION
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TABLE 4.7 SHOWING INTEREST LEVEL IN SETTING OWN
BUSINESS
4% 0%
12%
Very interested
Interested
18%
Neutral
Uninterested
66% Not at all interested
INTERPRETATION
The above chart shows that 66% of the respondents stayed neutral, 18%
respondents are interested in starting new business, 12% respondents are
very interested and 4% are uninterested in starting new business.
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TABLE 4.8 SHOWING WHETHER BUSINESS CAN BE
COMMENCED WITHOUT GOOD KNOWLEDGE ON THE
PRODUCT & SERVICES
60
100%
40
20 RESPONDENTS
0%
0
RESPONDENTS
Yes
No
INTERPRETATION
From the above chart all the respondent agreed that a business cannot be
commenced without knowledge on the product or services.
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TABLE 4.9 SHOWING STUDENT’S PERSPECTIVE ON
INSTITUTIONAL SUPPORT FOR ENTREPRENEURSHIP
10% 0%
Strongly disagree
Disagree
32% Neutral
58% Agree
Strongly agree
INTERPRETATION
The above chart shows that 32% of the respondents agreed that Institution
helps students to start business, 58% of them stayed neutral and 10%
respondents strongly agreed with the statement.
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TABLE 4.10 SHOWING WHETHER LACK OF FINANCE IS
MAIN REASON STUDENTS DON’T START A BUSINESS
Yes No
48%
52%
INTERPRETATION
From the above chart, for 52% of the students finance is the main reason
to no to start business and for 48% students it was other reasons.
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TABLE 4.11 SHOWING RESPONSE ON THE STATEMENT
ENTREPRENEURSHIP IS A REWARDING CAREER
Agree 12%
Neutral 4%
RESPONDENTS
Disagree 0
Strongly disagree 0
0 10 20 30 40 50
INTERPRETATION
The above chart shows that 84% of the respondents strongly agreed that
entrepreneurship is a rewarding career, 4% of the respondents stayed
neutral.
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TABLE 4.12 SHOWING WHETHER LACK OF TECHNICAL
KNOWLEDGE PREVENT STUDENTS FROM STARTING
BUSINESS
6%
Yes
No
94%
INTERPRETATION
The above chart shows that for 94% of the respondents lack of technical
knowledge prevent them from starting a business.
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TABLE 4.13 SHOWING RESPONSE ON THE STATEMENT
RATHER BE MY OWN BOSS OR WORK FOR SOMEONE ELSE
0% 0%
12%
6%
Strongly disagree
Disagree
Neutral
82% Agree
Strongly agree
INTERPRETATION
The above chart shows that 82% of the respondents strongly agreed on
the statement rather be my own boss or work for someone else, 12%
respondents stayed neutral and 6% of them agreed on the statement.
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TABLE 4.14 SHOWING STUDENT’S OVERALL ATTITUDE
TOWARDS ENTREPRENEURSHIP
4%0%
INTERPRETATION
The above chart shows that 74% of the students are very positive to the
overall attitude towards entrepreneurship, 22% of them selected the
option positive and 4% students stayed neutral.
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TABLE 4.15 SHOWING WHETHER STUDENTS ARE
INVOLVED IN ENTREPRENEURIAL ACTIVITIES
No 82%
RESPONDENTS
Yes 18%
0 10 20 30 40 50
INTERPRETATION
The above diagram shows that 18% of the students are involved in
entrepreneurial activities and 82% of them are not involved.
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FINDINGS
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SUGGESTIONS
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CONCLUSION
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APPENDIX
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BIBLIOGRAPHY
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WEBSITES
https://en.wikipedia.org/
https://scholar.google.co.in/
https://www.investopedia.com/
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