Entrepreneur Competency Required by Business Education Student in Establishing Smale Scale Ventures in Akwa Ibom State
CHAPTER ONE
OBJECTIVES OF THE STUDY
The following are the objectives of this study:
- To examine the entrepreneur competencies required by business education students in establishing small scale ventures.
- To identify the factor limiting the development of entrepreneurial competencies in business education.
- To determine the factor hindering the establishment of small scale ventures in Akwa Ibom State.
CHAPTER TWO
REVIEW OF RELATED LITERATURE
2.1. Introduction
Education lies at the heart of every society. It is a key and a vital element in the broad development of the nation’s youth’s capacity to address and solves difficulties. Education forms the basis for the proactive and positive economic, social and political changes in the society. Education remains the key to empowerment of the people and the nations as a whole (Olawolu and Kaegon, 2012). Education consolidates and builds upon basic education to empower the youth to really live, function as a productive member of the society, earning a living, and contributing to societal progress. Business education continuously builds on the knowledge, skills, values and attitude learnt at the lower phases of education. The greatest weapon against poverty is education of the youths. (Nwangwua, 2007). The author further explains that any form of education that does not equip its beneficiaries with skills to be self-reliant is a faulty system of education. Kaegon (2009) believes that business education must be ready to offer their recipients functional education that will enhance performance as well as assist them to contribute meaning to the economic development of the country. According to Okereke and Okoroafor (2011) the desire of the Nigeria government to attain the vision 20-20:20 20 and Millennium Development Goals (MDG) propelled the Nigerian Educational Research and Development Council to revise the secondary education curricula. Thereason for this exercise is the transformation at the curriculum with the entrepreneurial education, informational communication technology (ICT) skills, and civic education and for the nation’s sustainable development. The demand for higher education, particularly university education is on the increase all over the world. Entrepreneurship education prepares youths to be responsible and entering individuals, who become entrepreneurs or entrepreneurial thinkers by exposing them in real life learning experiences where they will be required to think, take risks, manage circumstances and incidentally learn from the outcome (Olawolu and Kaegon, 2012). Ememe (2010) observes that entrepreneurship education enables youths to sekk for success in ventures through one’s effort. Buttressing the above view, Okereke and Okoroafor (2011), asserts that entrepreneurial education and ICT skills have been acknowledged world wide as a potent and viable tools for self-empowerment, job and wealth creation. Business education has three basic career options, such as skilled, vocational option, professional option and executive business education option. (Okoh, 1999). The professional option include: auditing, administration and the accountancy profession (Accounting), therefore, the accounting option is the focus for this study. Business education as a discipline is expected to expose its recipients to diversity curricula, hence, it is that type of education that inculcate in its recipients attitudes, knowledge, skills, values that is required in the business world. This is a means of producing a healthy, literate self-reliant citizen that would create wealth for human development, when they become self-employed, thereby resulting to sustainable nation’s development at large. Business education must have impacted accounting skills and creative knowledge required for employment generation opportunities, such entrepreneurial skills and accounting competences that would also make the business graduates to adopt some strategic survival instincts.
CHAPTER THREE
RESEARCH METHODOLOGY
INTRODUCTION
This chapter covers the description and discussion on the various techniques and procedures used in the study to collect and analyze the data as it is deemed appropriate.
It is organized under the following sub-headings:
- Research Design
- Area of the Study
- Population of the study
- Sample and sampling procedure
- Instrument of Data Collection
- Validation of the Instrument
- Reliability of the Instrument
- Method of Data Collection
- Method of Data Analysis
RESEARCH DESIGN
According to Asika (2009), research designs are often referred to as the structuring of investigation aimed at identifying variables and their relationships to one another. In this study, questionnaire serves as useful guide to the effort of generating data for this study. The survey research design through the administration of questionnaires was used for the study.
CHAPTER FOUR
DATA PRESENTATION, ANALYSIS AND INTERPRETATION
INTRODUCTION
This chapter deals with the presentation and analysis of the result obtained through questionnaires. The data gathered were presented according to the order in which they were arranged in the research questions, simple percentage and pie graphs were used to analyze the demographic information of the respondents while Pearson correlation was adopted to test the research hypotheses.
CHAPTER FIVE
SUMMARY, CONCLUSIONS AND RECOMMENDATIONS:
Introduction
This chapter summarizes the findings on the Entrepreneurship competency required by business Education student in establishing small scale ventures, Akwa ibom State as case study. The chapter consists of summary of the study, conclusions, and recommendations.
Summary of the Study
In this study, our focus was on the Entrepreneurship competency required by business Education student in establishing small scale ventures, Akwa ibom State as case study. The study is was specifically focused on examining the entrepreneur competencies required by business education students in establishing small scale ventures, identifying the factor limiting the development of entrepreneurial competencies in business education and determining the factor hindering the establishment of small scale ventures in Akwa Ibom State.
The study adopted the survey research design and randomly enrolled participants in the study. A total of 200 responses were validated from the enrolled participants where all respondent are Business education students of Akwa Ibom State University, Akwa Ibom.
Conclusions
With respect to the analysis and the findings of this study, the following conclusions emerged;
- Most business education students are interested in establishing small scale ventures.
- Business education students are competent enough in establishing small scale ventures in Akwa Ibom state.
- Business education students are aware of the challenges of establishing a small scale venture in Akwa Ibom state.
- There are factors limiting the development of entrepreneurial competencies in business education students.
- Entrepreneurial competencies are required in the establishment of small scale ventures in Akwa-Ibom state.
Recommendation
Based on the findings the researcher recommends that;
- Accounting /financial and general business competencies to enable them become successful entrepreneurs on graduation.
- Government should make fund available for re-training of business educators to acquire the necessary competencies required in training future business education graduates that will enhance entrepreneurship development in the business world.
- Every business education student should be made to carry out mini project that will expose them to practical marketing activities capable of improving their employability level in the area of marketing.
- Students should be engaged in learning activities that will exposed them to practical business management.
