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DISCOVERY ON
THE DETERMINANTS OF ENTREPRENEURSHIP AMONG GRADUATES IN NIGERIA
CHAPTER ONE
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
uncertainly, 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.
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