Entrepreneurial intention of matric commerce students: An empirical study
Background: In the first quarter of 2021, the official unemployment rate in South Africa was 32.6%. Among young persons between the ages of 15 and 34, the figure was 46.3%. One in two young people in the labour market are unemployed, Entrepreneurship is widely recognised as an effective mechanism to...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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AOSIS
2022-09-01
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| Series: | The Southern African Journal of Entrepreneurship and Small Business Management |
| Subjects: | |
| Online Access: | https://sajesbm.co.za/index.php/sajesbm/article/view/526 |
| _version_ | 1811181368756928512 |
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| author | Mondli H. Phetha Akinlawon Amoo Jamila K. Adam |
| author_facet | Mondli H. Phetha Akinlawon Amoo Jamila K. Adam |
| author_sort | Mondli H. Phetha |
| collection | DOAJ |
| description | Background: In the first quarter of 2021, the official unemployment rate in South Africa was 32.6%. Among young persons between the ages of 15 and 34, the figure was 46.3%. One in two young people in the labour market are unemployed, Entrepreneurship is widely recognised as an effective mechanism to address the tripartite challenges of unemployment, inequality, and poverty.
Aim: The study’s aim was to look into the factors that influence matric commerce students’ entrepreneurial intentions in rural KwaZulu-Natal, South Africa.
Setting: A survey was conducted among commerce students in 11 districts of KwaZulu-Natal.
Methods: The study was based on a sample of 433 commerce students from the matric commerce students, South Africa. Data were gathered through a self-administered questionnaire using a five-point Likert scale. Descriptive statistics, confirmatory factor analysis and structural equation modelling were performed on the data.
Results: The results of the study show that attitude towards entrepreneurship, entrepreneurial self-efficacy and entrepreneurial education are key drivers of entrepreneurial intention. The study found no evidence of innovativeness as a driver of entrepreneurial intention.
Conclusion: The study recommends that the department of basic education should develop strategies that will help innovative and creative students to embrace entrepreneurship. This is because entrepreneurs typically operate in perfect market conditions, with homogeneous products and freedom of entry and exit, so innovativeness is critical. |
| first_indexed | 2024-04-11T09:16:38Z |
| format | Article |
| id | doaj.art-fd50eb60f0d14e02ad91cb2cd4adfd61 |
| institution | Directory Open Access Journal |
| issn | 2522-7343 2071-3185 |
| language | English |
| last_indexed | 2024-04-11T09:16:38Z |
| publishDate | 2022-09-01 |
| publisher | AOSIS |
| record_format | Article |
| series | The Southern African Journal of Entrepreneurship and Small Business Management |
| spelling | doaj.art-fd50eb60f0d14e02ad91cb2cd4adfd612022-12-22T04:32:20ZengAOSISThe Southern African Journal of Entrepreneurship and Small Business Management2522-73432071-31852022-09-01141e1e910.4102/sajesbm.v14i1.526129Entrepreneurial intention of matric commerce students: An empirical studyMondli H. Phetha0Akinlawon Amoo1Jamila K. Adam2Department of Entrepreneurial Studies and Management, Faculty of Management Sciences, Durban University of Technology, DurbanDepartment of Business Administration, Faculty of Management Sciences, Durban University of Technology, DurbanDepartment of Research and Postgraduate Support, Durban University of Technology, DurbanBackground: In the first quarter of 2021, the official unemployment rate in South Africa was 32.6%. Among young persons between the ages of 15 and 34, the figure was 46.3%. One in two young people in the labour market are unemployed, Entrepreneurship is widely recognised as an effective mechanism to address the tripartite challenges of unemployment, inequality, and poverty. Aim: The study’s aim was to look into the factors that influence matric commerce students’ entrepreneurial intentions in rural KwaZulu-Natal, South Africa. Setting: A survey was conducted among commerce students in 11 districts of KwaZulu-Natal. Methods: The study was based on a sample of 433 commerce students from the matric commerce students, South Africa. Data were gathered through a self-administered questionnaire using a five-point Likert scale. Descriptive statistics, confirmatory factor analysis and structural equation modelling were performed on the data. Results: The results of the study show that attitude towards entrepreneurship, entrepreneurial self-efficacy and entrepreneurial education are key drivers of entrepreneurial intention. The study found no evidence of innovativeness as a driver of entrepreneurial intention. Conclusion: The study recommends that the department of basic education should develop strategies that will help innovative and creative students to embrace entrepreneurship. This is because entrepreneurs typically operate in perfect market conditions, with homogeneous products and freedom of entry and exit, so innovativeness is critical.https://sajesbm.co.za/index.php/sajesbm/article/view/526entrepreneurial intentionsentrepreneurship self-efficacyinnovativenessattitude to entrepreneurshipmatric commerce studentsentrepreneurship educationrural areaskwazulu-natalentrepreneurshipsouth africa |
| spellingShingle | Mondli H. Phetha Akinlawon Amoo Jamila K. Adam Entrepreneurial intention of matric commerce students: An empirical study The Southern African Journal of Entrepreneurship and Small Business Management entrepreneurial intentions entrepreneurship self-efficacy innovativeness attitude to entrepreneurship matric commerce students entrepreneurship education rural areas kwazulu-natal entrepreneurship south africa |
| title | Entrepreneurial intention of matric commerce students: An empirical study |
| title_full | Entrepreneurial intention of matric commerce students: An empirical study |
| title_fullStr | Entrepreneurial intention of matric commerce students: An empirical study |
| title_full_unstemmed | Entrepreneurial intention of matric commerce students: An empirical study |
| title_short | Entrepreneurial intention of matric commerce students: An empirical study |
| title_sort | entrepreneurial intention of matric commerce students an empirical study |
| topic | entrepreneurial intentions entrepreneurship self-efficacy innovativeness attitude to entrepreneurship matric commerce students entrepreneurship education rural areas kwazulu-natal entrepreneurship south africa |
| url | https://sajesbm.co.za/index.php/sajesbm/article/view/526 |
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