LEVEL OF AWARENESS ON ENTREPRENEURSHIP CONCEPT AMONG COLLEGE
STUDENTS
Author
N.Kogila
Assisstant Professor
Department of Commerce.
Bishop Heber College [Autonomous]
Trichy
Co-Authors
Ms.S.HariRoopaa(Reg.No 135205012) Ms.V.Ragamaliga (Reg.No 135205066)
I.M.Com, I.M.Com
Department of Commerce Department of Commerce
Bishop Heber College [Autonomous] Bishop Heber College [Autonomous]
Trichy Trichy
Abstract
India is popular in Population force. Lot of educated people is there in India than in
America. However as compared to America, India is less in Entrepreneurial development. This
paper undertakes analysis of “entrepreneurship” in its common use and considering the level of
responsiveness of “Entrepreneurship” among students in Trichy district. Awareness of
entrepreneurial development is now a day diminished among the students. Now days the students
think/feel of joining salaried/ paid job in corporate world. From the research efforts, I have
drawn together a set of suggestions (1) what are all the problems faced by the students while go
for Individual business? (2) Do the present Management Education System develops qualities of
entrepreneurial development into the students? (3) What is the primary motivation of the
Entrepreneurs for starting his own business? (4) What are policies which are offered by the
government for effective stimulation and support? This paper examines that to make an attempt
to understand how the students can go for individual business, and suggest how to develop the
entrepreneurial development among students.
INTRODUCTION
Entrepreneurs start businesses because they like the challenge and to make money. To
achieve this they will risk everything. A person who sets up a business or businesses, taking on
financial risks in the hope of profit is termed as entrepreneur.
CHARACTERISTICS OF SUCCESSFUL ENTREPRENEUR
1. Entrepreneurs should focus on making their businesses work, and eliminate any problems
or distractions to their goals. They have overarching strategies and outline the tactics to
accomplish them. Successful entrepreneurs are Disciplined enough to take steps every day
toward the achievement of their objectives.
2. The entrepreneur does not ask questions about whether they can succeed or whether they
are worthy of success. They are having Confidence with the knowledge that they will make their
businesses succeed.
3. Entrepreneurs realize that every event and situation is a business opportunity. They are
having the ability to look at everything around them and Focus it toward their goals.
4. Entrepreneurs know that if something needs to be done, they should start it themselves,
they should be the Self-Starter. They are proactive, not waiting for someone to give them
permission.
5. Many companies are formed because an entrepreneur knows that they can do a job better
than another. They need to win at the sports they play and need to win at the businesses that they
create. An entrepreneur should be a good Competitor.
6. Entrepreneurs often come up with solutions which are the Creation of other items.
7. Entrepreneurs are not frustrated by their defeats. They look at defeat as an opportunity for
success. They are having theDetermination to make all of their events succeed. Successful
entrepreneurs do not believe that something cannot be done.
8. The entrepreneur has strong communication Skills to sell the product and motivate
employees. Most successful entrepreneurs know how to motivate their employees so the business
grows overall.
9. The successful entrepreneur will often be the first person to arrive at the office and the
last one to leave. They must have Strong work principle.
10. Passion is the most important trait of the successful entrepreneur. They genuinely love
their work. They are willing to put in those extra hours to make the business succeed because
there is a joy their business gives which goes beyond the money. The successful entrepreneur
will.
REVIEW OF LITERATURE
1. The typical entrepreneur
The entrepreneur is a leader, arguably the most important kind of leader, develops as his
initiatives enterprises that have both economic and social relevance. Risk taking remains the
entrepreneurial quality, and in many cases has deep personal implications. Other leaders take
risks too; but in the case of the true entrepreneur, his own success is usually intricately enmeshed
with the enterprise he is promoting. While domain knowledge is a must for one's enterprise to
succeed, discipline being thus important: synthesis, creativity, respect and ethics, all are
important for the entrepreneur.
Of these five minds, however, it is the creative mind that is perhaps most important for
the entrepreneur; the ability to engage in bold, innovative and unconventional thinking being a
definitive must. Curiously, perhaps, for the true entrepreneur, the cause is far more important
than the financial and social rewards that come with it. Indeed, the true blue entrepreneur is
oftentimes, in this way, "altruistic", because he believes deeply in his creation. It is this
statesmanlike Dharma of enterprise, that defines best, perhaps, the quintessential entrepreneur.
Dr. Ennapadam S. Krishnamoorthy is a Senior Consultant in Clinical Neurology &
Neuropsychiatry based in Chennai. THE HINDU (BUSINESS LINE)
2. Promoting entrepreneurship in India
Viren Naidu, It's a known fact that India, today, is an emerging economy that is destined to
achieve milestones, on various fronts, in the near future. However, for India, to acquire the status
of a "developed" nation, it needs to create 100 million jobs, statistics point out!
Experts confirm, in an endeavor to achieve this mark, tapping the potential of the
unemployed and exploring opportunities in the employment market, so that each and every
person plays a crucial role in contributing towards the growth of the Indian economy is
necessary. However, how can one create 100 million jobs? And the million-dollar question is
which industry will absorb people and bridge the employment gap? While experts are busy
contemplating the possibilities of the army, the railways, the government and the private sector
to recruit, speculations about the difficulty in employing in such huge numbers continue to
persist.
So, is there any solution to this problem? The answer is entrepreneurship! With several
organizations understanding the importance of entrepreneurs and the ways in which they can
create jobs for the unemployed, thus paving the way for an enriching economy, they are
partnering with several expert bodies such as institutes, financial firms, etc. to foster all kinds of
entrepreneurship- rural, ICT, social, etc. THE HINDU
3. Entrepreneurship in India
Given the increasing significance and visible impact of Entrepreneurship in wealth-
creation and employment-generation, NKC considers it critical to India’s growth and
development. It has undertaken this study to explore factors that have advanced Entrepreneurship
in India as also various other factors that could further encourage and facilitate even greater
growth.
Entrepreneurship and Innovations are the key drivers for generating wealth from
knowledge, supported principally by the availability of skilled human resources, access to
finance and the ability of the State to create an enabling environment.
This study explores factors that have advanced Entrepreneurship in India as also various
others that could further encourage and facilitate even greater growth.
The opportunities created by today’s global knowledge economy coupled with the
‘unshackling of indigenous enterprise has contributed to making India a ‘fertile ground’
for Entrepreneurship.
(ECONOMIC TIMES)
STATEMENT OF PROBLEM
At present Indian economy is going in a down trend, which is the major cause for
Unemployment problem. Now day’s awareness of Entrepreneurial development among students
is getting less. In India, most of the Entrepreneurs are emerging from Gujarat. Though there is
lesser number of people than in Tamil Nadu they are achieving, but we Tamil Nadu people did
not stepping into it.
OBJECTIVE OF THE STUDY
To know the level of awareness of entrepreneurs among students.
To increase the ideas about the entrepreneurs among students.
To identify the various welfare measures provided by the Government.
To offer useful suggestions.
HYPOTHESIS OF THE STUDY
1. The level of awareness about Entrepreneurial concept among students is less.
2. The level of hurdles faced by the students is unbiased.
3. The level of awareness about the facilities provided by various banks and government
among students is less.
ANALYSIS AND INTERPRETATION
Chi – Square Test
Level of Awareness about entrepreneurial concept among students based on various
factors;
The calculated value ∑ (O-E) 2 / E = 19.14
Degree of freedom = (R-1) (C-1)
= (5-1) (5-1)
= 16
Level of significance = 5%
Table value 16 of DOF and 5% level of significance = 26.296
26.296 > 19.14 Tabulated Value is greater than calculated value.
Hence, Null hypothesis is accepted. Thus it could be concluded that the level of awareness
among students is less.
Hurdles faced by the students when they go for entrepreneurial work
A Financial Burden 7(14%)
B Communication Skills 3(6%)
C Wrong decision making 11(22%)
D Not willing to take risk 7(14%)
Observed Expected Frequency
Frequency(O) E[(7+3+11+7)/4] (O-E) (O- (O-E)2/E
E)2
a 7 7 0 0 0
b 3 7 -4 16 2.857
c 11 7 4 16 2.857
d 7 7 0 0 0
The calculated value ∑ (O-E) 2 / E = 4.5714
Degree of freedom =(n-1)
= (4-1) = 3
Level of significance = 5%
Table value 3 of DOF and 5% level of significance = 7.815
7.815 > 4.5714 Tabulated Value is greater than calculated value.
Hence, Null hypothesis is accepted. Thus, it could be concluded that the level of hurdles faced by
the students are unbiased.
Level of Awareness about the facilities provided by various banks and government among
students
Group Known fact (B) Unknown fact (b)
Gov. facilities (A) 23(46%) 27(54%)
Bank assistance (a) 18(36%) 32(64%)
Observed Expected
Frequency Frequency (O-E) (O-E)2 (O-E)2/E
O E
AB 23 20.5(A)(B)/N 2.5 6.25 0.3048
Ab 27 29.5 -2.5 6.25 0.2118
aB 18 20.5 -2.5 6.25 0.3048
Ab 32 29.5 2.5 6.25 0.2118
The calculated value ∑ (O-E) 2 / E = 1.0332
Degree of freedom = (R-1) (C-1)
= (2-1) (2-1)
= 1
Level of significance = 5%
Table value 1 of DOF and 5% level of significance = 3.841
3.841>1 .0332 Tabulated Value is greater than calculated value.
Hence, Null hypothesis is accepted. Thus it could be concluded that the level of awareness about
the facilities provided by various banks and government among students is less.
FINDINGS
The major findings of the study are as follows:
1. The level of awareness among students is almost less.
2. Most of the students are having the fear about wrong decision making.
3. Even after getting into problem of wrong decision making most of the students
feel that Finance is also a greater burden for them.
4. About 54 percent of the students were unaware of facilities provided by
government and the balances were aware of facilities provided by government.
5. About 64 percent of the students were unaware of facilities provided by various
banks and the balances were aware of facilities provided by banks.
6. About 14 percent of the students are not at all having the interest to become an
Entrepreneur.
SUGGESTIONS
Most of the students wish to become an entrepreneur if they are providing good
guidance.At present entrepreneurial concept is a small part of study for school students and it is
just a Non-major paper for college students. It is not fair thing. Awareness of entrepreneurial
concept should be feed to the students in detail even at the stage of their School level. In order to
implement, it is necessary to conduct train programs at college level periodicallyfor the welfare
of the students, and it helps to avoid unemployment problems to a greater extent.
CONCLUSION
The awareness of entrepreneurial concept among students is not energetic and it is
not a fair position. The students were not aware of the welfare given by the Government and
banks. Thus it can be concluded that the Educational department has to concentrate on the
awareness of entrepreneurial concept in order to improve the position of the students and to
improve the economic position of the country which helps to avoid unemployment evils.
