Professional Documents
Culture Documents
Abstract
Entrepreneurship has become a widely taught subject in universities. The purpose of this
study was to find out if students who are studying for a degree in Business/Management
faculties aspire to start up their own businesses upon graduation. A self-designed
questionnaire was used to obtain data. The sample consisted of 500 final year students
drawn from five business/ management faculties in five universities in the Niger-Delta area
of Nigeria. The random sampling technique was used to select 100 students from each of
the universities. Data collected was analyzed using percentages. The results revealed that
only 12.4% of graduates-to-be aspire to own businesses upon graduation. Among the
reasons given were that there are no take-off funds/sponsorship, inadequate preparation to
face the demands of running businesses and the poor attitude of Nigerians towards
purchasing made-in Nigeria goods. It was recommended that Entrepreneurship Education
be embedded in the curriculum for Higher Education Institutions and made open for
students from all disciplines to take it as an optional course. The delivery system should be
such that students are made to produce a business plan while undertaking the course and
feasible ones be sponsored by existing entrepreneurs or successful business or agencies or
bodies of government or non-governmental organizations responsible for such activities.
Introduction
During the past decade, entrepreneurship has become a widely taught subject in universities. Many
business faculties offer majors in entrepreneurship along with majors in more traditional areas such as
finance, Accounting, Marketing, Management and Business Education.
Entrepreneurship is all about changes (Wilken, 2005), categorized into five key types of
changes usually initiated by the entrepreneur. They are initial expansion, subsequent expansion, factor
innovation, production innovations and market innovations. For the Austrian economist who assigned
the term “entrepreneurship”, the whole process of economic change hung ultimately on the person who
makes it happen – the entrepreneur. The economic change is most desirable at this time in Nigeria,
when unemployment is very high. The education sector has to wake up to make entrepreneurs out of
the system. In fact, as far back as 1985, during his inaugural lecture, Professor Gibb focused on the
53 European Journal of Economics, Finance And Administrative Sciences - Issue 14 (2008)
process of learning in universities and requested that attempts be made to move education towards a
more entrepreneurial focus to better fulfill its wider objectives as well as helping graduates to cope
better with entrepreneurship in practice (Gibb, 1985).
The problem, however with the education sector of Nigeria and other developing countries have
become so serious that the United Nations Educational Scientific and Cultural Organisation
(UNESCO) concluded that the aims of various governments to combat poverty through the
establishment and creation of poverty reduction programmes have failed because graduates of the
education system lack the practical skills (Aina, 2006). These practical skills can be acquired through
Entrepreneurship Education Programme (EEP). Entrepreneurship Education (EE) is valuable to all
students, including those who are taking courses other than business and management (Smith, Collins
& Hannon; 2006). In their study, students were drawn from fine arts, computing and engineering
degree programmes.
There have been hues and cries about unemployment in Nigeria. So many graduates roam the
streets jobless, sometimes going into crime and becoming political thugs (Akpomi, 2008). If students
acquire the right entrepreneurial skills, attitude and knowledge, they will on graduation be self-
employed and employers of labour. Then the serious problem of unemployment in Nigeria may well be
a thing of the past. Nigeria will then gradually move from a consumer nation to a producer nation.
This study aims at finding out if students who are studying for a degree in
Business/Management faculties aspire to start up their own businesses upon graduation and an attempt
has been made to answer the question “To what extent do would-be graduates from
business/management schools aspire to start up businesses of their own upon graduation?”
Source: Timmons, J. (1999). New venture creation: entrepreneurship for the 21st century 5th Ed. P.46.
56 European Journal of Economics, Finance And Administrative Sciences - Issue 14 (2008)
Researchers believe that entrepreneurs succeed by thinking and doing new things or old things
in new ways. Both innovation and job creation involve the creation of new organizations with
interdependent activities carried out by several people to accomplish a goal. Through innovation,
entrepreneurs create new organizations in our economy, our political process and our educational
process and generate economic, cultural, social and political variety. In doing so, they also precede and
create the context for management. In other words, they develop organizations that are subsequently in
need of strategy, structure, performance and above all, change. In fact, it is not just having a new idea
but making sure something happens.
Entrepreneurship in turn, is the result of a disciplined, systematic process of applying creativity
and innovation to the needs and opportunities in the market place (Agitavi Research and Microsoft
EMEA, 2007). It involves applying focused strategies to new ideas and new insights to create a product
or service that satisfies customers’ needs or solves their problems. It is much more than random,
disjointed tinkering with a new gadget. A lot of people come up with creative ideas for new or different
products and services but most of them never do anything with them. Entrepreneurs are those who
marry their creative ideas with the purposeful action and structure of a business. As figure 2 illustrates,
successful entrepreneurs are associated with a constant process that relies on creativity, innovation and
application of that innovation in the market place.
Creativity
Thinking new things
Innovation
Doing new thing
Entrepreneurship
Creating value in the market place
Source: Agitavi Research and Microsoft EMEA, 2007). P.38
Entrepreneurs must always be on guard against traditional assumptions and perspectives about
how things ought to be. Such assumptions are quick killers of creativity. Such self-imposed mental
constraints and other paradigms that people tend to build over time damage creative minds. A
paradigm is a preconceived idea of what the world is, what it should be like, and how it should operate.
Sometimes, these ideas become so deeply rooted in our minds that they become immovable blocks to
creative thinking, even though they may be outdated, obsolete and no longer relevant. These blocks can
act as logjams to creativity.
Delivery System
At the beginning of the semester, usually the first day of lectures, the course lecturer hands down the
course outline (breakdown of topics) to the students, either through dictation or as found in the
lecturer’s textbook for the course. These course outlines are listed topics, sometimes without expansion
or some explanatory notes. Lessons are delivered through the lecture method, going through the course
outline, topic by topic until all topics are taught or semester ends. Students are expected to purchase
textbooks (in many cases, written by the lecturer) as reading materials for the course. The studious
ones complement by buying other textbooks in the subject area or visiting the libraries.
Assessment
The general method of assessing students, as with most other courses, is examination at the end of the
semester. Students are usually given quizzes, tests and assignments during the semester. One of the
assignments usually is to write a business plan, which along with other assignments, tests and quizzes
are scored – all of these carry 30 marks while the examination carries 70 marks, totaling 100. The
course lecturer single handedly scores the students and gives grades at the end of the semester.
Methodology
The design adopted for the study was a descriptive survey. The sample consisted of 500 final year
students drawn from five business faculties in five universities in the Niger-Delta area of Nigeria. The
random sampling technique was used to select 100 students from each of the universities. A self-
designed questionnaire was used to obtain data. The instrument was subjected to face and content
validity as well as reliability test which gave a co-efficient of stability of 0.89. The instrument was
administered to the respondents through the assistance of 4 colleagues in each of the other four
institutions as the researcher administered the one in her institution herself. The only research question
was answered after analysis using percentages.
Data Analysis
All completed 500 copies of questionnaire were retrieved, collated and analysed. The responses were
grouped into five as shown in the table below and the percentages of the responses were calculated and
are also given below:
58 European Journal of Economics, Finance And Administrative Sciences - Issue 14 (2008)
Table 1: Employment expectation of graduates-to-be of business/management
Of the 500 graduates-to-be, 51 (10.2%) were able to develop business ideas in the course of
their training and were ready to create products and services from their ideas if sponsored. A staggering
percentage of 73.2 (366 out of 500) were expecting to queue for jobs in public and private sectors of
the economy after completing the compulsory one year service to the nation. Those who already have
jobs (either as employee-student or have influential parents/guardians in the society who have
promised them jobs) were 2 per cent and only 62 (12.4%) actually aspire to be self-employed upon
graduation. This group of students was determined to own businesses of their own at cost. 2.2 (11
students) were indifferent; they did not have any plans but depend of fate – ‘wherever the wind blows
them’.
Those of them who do not aspire to be self-employed gave the following reasons in defence of
the position they maintained:
• no take-off funds/sponsorship
• inadequate preparation to face the demands of running businesses
• poor attitude of Nigerians towards purchasing made-in Nigeria goods.
Discussion
In his classic book on social anthropology, Childe (1961) coined a phrase “Man makes himself”. The
world is transformed by the decisions and actions of individuals and their institutions. One such
individual, found in small and large businesses alike is the entrepreneur – a person who is typically
characterized by vision, creativity, vitality, confidence to act on new opportunities, adaptability to
altered conditions and most of all, the ability to initiate and implement change through innovation and
implementation (Meredith, Nelson & Neck, 1982). These are the entrepreneurial skills and attitudes
which the graduates-to-be need to acquire during training, which unfortunately, the education system
has not been able to instill in them.
Entrepreneurial skills and attitudes provide benefits to society, even beyond their application to
business activity. Obviously speaking, personal qualities that are relevant to entrepreneurship, such as
creativity and a spirit of initiative, can be useful to everyone, in their working responsibilities and in
their daily existence. Also the relevant technical and business skills need to be provided to those who
choose to be self-employed and/or to start their own venture – or might do so in the future. There is
therefore the need for a policy commitment at governmental, state and local levels to promote the
teaching of entrepreneurship in the education system.
Kerr (1993), an internationally recognized higher education expert from the United States,
threw down a gauntlet of challenge for higher education systems around the world by saying:
For the first time, a really international world of learning, highly competitive, is
emerging. If you want to get into that orbit, you have to do so on merit. You cannot rely
on politics or anything else. You have to give a good deal of autonomy to institutions for
them to be dynamic and move fast in international competition. You have to develop
entrepreneurial leadership to go along with institutional autonomy.
59 European Journal of Economics, Finance And Administrative Sciences - Issue 14 (2008)
Inherent in Kerr’s statement is a call for universities to become more flexible and responsive, a
call echoed in the World Bank’s technical paper (2002) on constructing knowledge societies: new
challenges for tertiary education. Historically, the transition to greater economic relevance has been
easier to achieve in the United States (US) than elsewhere because American higher education
institutions have always had to be sensitive and responsive to the changing requirements of industry,
agriculture and business. American universities played a leading role in the early history of computer
hardware, a role heavily financed by the federal government. Worthy of note is the fact that American
universities contributed in generating powerful new computer-based technologies which led directly to
the creation of today’s internet (Hart, 2003). The remarkable degree of openness and accessibility to
the internet and World Wide Web owe a great deal to the singular fact that they were developed
primarily in a university environment. Kenney (1986) affirmed to the fact that many university
scientists have been directly involved in starting up new firms and have served as business decision
makers and strategists. The governments of Nigeria and Nigerian universities need to wake up to the
challenge.
El-Khawas (2001) distinguished between rigid institutions of higher learning and responsive
institutions. A rigid institution resists making changes in institutional behaviour and often rejects
possible changes without openly considering whether they are feasible or desirable. A responsive
institution, on the other hand, is adaptive in its orientation. It considers changing circumstances with
deliberation, identifies ways to adapt, and takes responsive actions. It is my wish that universities in
Nigeria should be responsive on this issue of teaching entrepreneurship to all students in universities
and not only to graduates-to-be of business and management.
Responsiveness in tertiary teaching and learning has two dimensions: curricula and pedagogy,
that is, content and method. In today’s global competitive knowledge economy, updating of curricula
needs to be an almost permanent issue. In fact, university departments need to change their curricula
every 2 or 3 years to ensure that the content of teaching reflects the rapid advance in scientific
knowledge (Clark, 2001). On the side of pedagogy, expanded access and higher participation rates
mean that student populations become increasingly diverse in their academic preparation, means,
capacities, motivation and interests. From a global level, these changes involve a shift in pedagogy
from staff teaching to student learning (El-Khawas, 2001; Salmi, 2001). In Nigeria, the
unproductiveness of graduates on-the-job and the increasing number of unemployed graduates roaming
the streets, looking for white-collar jobs, are enough evidence to suggest a very great need for
innovation in both curricula and pedagogy.
It is evident that the promotion of entrepreneurship in Nigeria is high on the political agenda.
However, the real challenge is to teach Entrepreneurship to all students in universities.