Affect of perceived barriers to entrepreneurship on the career choice decision of students: A study of Uttarakhand state, India

Sharma, Lalit; Madan, Pankaj

doi:10.15208/beh.2013.7

Cited by 10 publications

(11 citation statements)

References 14 publications

(6 reference statements)

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“…Likewise, the respondents from various age groups were similarly inspired by internal motives when planning their own business to a larger extent than by the external ones. Similar to other studies (Jafarnejad, Abbaszadeh, Ebrahimi, & Abtahi, 2013;Sharma & Madan, 2013;Smith & Beasley, 2011;Staniewski, 2009;Tanveer et al, 2011), our findings revealed that people who plan to start their own businesses perceive numerous burdensome obstacles. In the opinion of our respondents, the most harmful barriers were lack of experience, lack of capital and risk of failure.…”

Section: Discussionsupporting

confidence: 91%

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Motivating factors and barriers in the commencement of one’s own business for potential entrepreneurs

Staniewski

Awruk

2015

Economic Research-Ekonomska Istraživanja

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This paper aims to recognise the factors that motivate potential entrepreneurs in the commencement of one's own business activity and to determine factors that hamper potential entrepreneurs in starting up their own businesses. The study was conducted by surveying 255 people who planned to start their own business. The author's questionnaire was administered to all participants. Respondents recognised three main factors that motivate people to the commencement of one's own business activity: self-realisation and self-satisfaction, the possibility of higher earnings and independence in decision-making. Among the factors that hamper the commencement of one's own business, respondents cited lack of experience, lack of capital and risk of failure. There was no difference between women and men with regard to motives and barriers. Younger entrepreneurs perceived more barriers than older entrepreneurs. There was no discernible relationship between age and motive to the commencement of one's own business. Institutions handling financial aid should pay particular attention to the motives behind setting up a business. Deciding to aid a company should be preceded by an in-depth analysis of what the entrepreneur perceives to be the barriers to starting his/her own business as lack of funds is frequently not the only, or even the key, obstacle.

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Section: Discussionsupporting

confidence: 91%

“…Merely 8.3% of the students perceive the number of barriers to starting one's own business to be relatively small. The same study indicates quite an interesting correlation between the personality traits of the potential entrepreneur and the severity of the barriers to setting up a business (Sharma & Madan, 2013).…”

Section: Literature Reviewmentioning

confidence: 72%

Motivating factors and barriers in the commencement of one’s own business for potential entrepreneurs

Staniewski

Awruk

2015

Economic Research-Ekonomska Istraživanja

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“…This could possibly be attributed to the presence of Entrepreneurship subject taught in the MBA/PGDM and BHMCT courses and an additional credit is due to the dot com revolution which has possibly given some boost to the entrepreneurial inclination of students with technical back ground as it requires less capital investment in comparison to other ventures. Capital investment has already been found to be a major perceived barrier among the students of Uttarakhand (Sharma & Madan, 2013). This research has given us a direction to further explore the impact of family, society & culture of Uttarakhand in building entrepreneurial inclination and also determine the effectiveness of university education system of Uttarakhand in building entrepreneurial inclination.…”

Section: Resultsmentioning

confidence: 93%

“…In fact, nothing significant is seen in terms of entrepreneurship development from within the state. Some of the major perceived barriers to youth entrepreneurship identified in Uttarakhand are lack of capital, no prior experience and lack of guidance (Sharma & Madan, 2013). The growing educated, idle, jobless and underemployed youth is a major societal problem which if not tackled and controlled timely could turn into a bigger trouble for the state government.…”

Section: Introductionmentioning

confidence: 99%

Effect of individual factors on youth entrepreneurship – a study of Uttarakhand state, India

Sharma

Madan

2014

J Glob Entrep Res

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In this study we have tried to examine the effect of individual factors like intelligence, past self employment experience, past work experience and educational course of professional students on their decision to take up entrepreneurship as a career choice. It is a quantitative study wherein we have taken data of 530 young students studying in the final year of various professional courses (MBA/PGDM, MCA, B.Tech, BHMCT & B.Pharm) of Uttarakhand state of India. The student target population chosen for this study was in the age group of 20-24 years. The male & female ratio of this study was 75 & 25 respectively. Data analysis has been done using Cross tabulation and Chi square test. The results showed that past self-employment experience has a negative impact on student's entrepreneurial inclination. No relationship was seen between the work experience (typically less than 3 years) and entrepreneurial inclination. Students scoring high on intelligence were seen to have no or little entrepreneurial inclination and students who were in MBA/ PGDM, MCA & BHMCT courses were little better inclined towards entrepreneurship in comparison to the rest of the courses.

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“…Mat et al (2015) analyzed several factors and they found that locus of control, followed by need of achievement and subjective norms are more influential for the entrepreneurial intention. Sharma and Madan (2013) found that 41.89% students perceive the barriers to start a business seriously whereas 49.81% students perceive the barriers for the same reason moderately and only 8.3% students perceive that the barriers are comparatively lower. The study also revealed that most of the students believe that they will face a variety of hindrances to initiate a new venture.…”

Section: Literature Reviewmentioning

confidence: 93%

Does Social Barriers Influence Women's Intention toward Entrepreneurship?

Ali

Himel

2019

Journal of Social Economics Research

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This paper aims to investigate the impact of social and psychological barriers on the negative intention of female students to be an entrepreneur and to analyze the mediating role of psychological barriers between social barriers and negative entrepreneurial intention. Total of 791 female students were surveyed from Bangladesh through an on-line questionnaire. Four hypotheses have been developed and tested on the total sample. Structural equation modeling (SEM) is used to measure the validity of the data and the relationship among the variables. The study endorsed that social barriers have a significant negative association with the negative intention toward entrepreneurship that indicates social barriers do not significantly reduce the entrepreneurial intention. Psychological barriers as mediating variable have a significant and positive relationship with social barriers and those barriers also have a significant positive effect on negative intention toward entrepreneurship. Psychological barriers partially mediate the relationship between social barriers and the intention toward entrepreneurship. Thus, social barriers through psychological barriers significantly influence the entrepreneurial intention and reduce the inclination of female students toward entrepreneurship. Contribution/Originality: This study originates unique findings that social barriers do not directly contribute to reducing the entrepreneurial intention, but psychological barriers significantly reduce the intention of the female students toward entrepreneurship. Besides, psychological barriers play a mediating role between social barriers and entrepreneurial intention. 1. INTRODUCTION Entrepreneurship is gaining more interest in almost all countries around the world. Both researchers and academicians agree that entrepreneurship is one of the most important factors that can contribute to economic development for both developed and developing economies (Temtime et al., 2004). The entrepreneur and entrepreneurial activities play a crucial role in the economic development of an individual, society as well as a country. The wheel of entrepreneurship starts from the intention of people towards entrepreneurship. Unfortunately, most of the students who want to start a business believe that there are lots of hurdles they have to face. These problems are more acute among female students. Wang and Wong (2004) found that factors like education, experience, gender and family background have a significant impact on the inclination of starting a new venture. The study also found that female students are less interested in entrepreneurship than males. They

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Affect of perceived barriers to entrepreneurship on the career choice decision of students: A study of Uttarakhand state, India

Cited by 10 publications

References 14 publications

Motivating factors and barriers in the commencement of one’s own business for potential entrepreneurs

Motivating factors and barriers in the commencement of one’s own business for potential entrepreneurs

Effect of individual factors on youth entrepreneurship – a study of Uttarakhand state, India

Does Social Barriers Influence Women's Intention toward Entrepreneurship?

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