Issues and constraints perceived by young entrepreneurs of Pakistan

Abstract

Purpose – The purpose of this paper is to find out intentions of business graduating students regarding launching their own business, and their perception regarding issues and constraints entrepreneur would encounter after entering into entrepreneurial activities. In addition, it focusses to provide a general understanding regarding entrepreneurship. The study also argues unfriendly policies and environment for entrepreneurship slows down poverty reduction and economic development. Design/methodology/approach – For this research, data were collected through structured questionnaire. Population of this study comprised of all the MBA final semester students of Pakistan. Statistical techniques were used for analysis. Findings – Research shows that most MBA graduating students actually plan to launch their own business, but perception about different issues and constraints refrain them to enter into the entrepreneurial field. The study also shows that policies of government and country’s environment effect entrepreneurship which further effects poverty reduction and economic development. Originality/value – Different constraints are highlighted in the study due to which business graduates hesitate to become an entrepreneur, plus importance level of each constraint is also calculated in the study.

Measuring Entrepreneurship Intention With Need for Achievement, Locus of Control, Self-Efficacy, and Readiness Instrument: Business and Engineering Student in Indonesia

“…The effect of self-efficacy on entrepreneurship intention is not significant for both of the student. These results do not support the results of research conducted by (Minuto, 2018); (Bharanti, 2016); (Indarti & Krinstiansen, 2018), (Aslam & Hasnu, 2016), (Rachmawan et al, 2015). The interpretation of the results of this analysis is that self-efficacy is not a predictor for business and engineering students.…”

“…People who have an internal locus of control can have entrepreneurial intentions and choose to become entrepreneurs (Karabulut, 2016). Therefore, (Aslam & Hasnu, 2016) internal locus of control is very important to decide to start a business. On the other hand, individuals with strong external controls tend to have the perception that their decision, including their entrepreneurship intention, is affected by external factors such as luck, opportunity, fate or others (Samydevan et al, 2015).…”

“…Indarti & Krinstiansen, 2018),(Aslam &Hasnu, 2016),(Rachmawan et al, 2015).According to (Tessema Gerba, 2012), instrumental readiness consists of access to capital, access to information and social networking). This variable is most significant in influencing entrepreneurial intentions(Indarti & Krinstiansen, 2018), whereas according to(Darmanto & Yuliari, 2018) Instrumental readiness does not have a positive effect on entrepreneurial intentions.…”

The Roles of Need for Achievement and Family Environment in Stimulating Entrepreneurial Interest through Self-Efficacy

“…It also shapes their decision-making processes, desires, and courage or confidence in taking and responding to the risks at hand Tong et al (2011). To become entrepreneurs, students also need to have high self-efficacy, which is related to the belief in his/her abilities (Aslam & Hasnu, 2016) and, consequently, determines their way of thinking, persistence in action, and ability to motivate themselves when facing difficulties (Asmara et al, 2016). Dalimunthe et al (2019) also revealed that self-efficacy greatly affects students' motivation to achieve success or goals.…”

Exploring the Problems Towards Entrepreneurship Development in Pakistan

“…The youth in Pakistan is most agonized segment of the population which needs special policies and strategies towards social, cultural and economic development (Shaukat & Hameed, 2016). Aslam and Hasnu (2016) argued that government of Pakistan procured various steps for making the youth conditions as much as sophisticated in which the entrepreneurship development is the most significant initiative. The government of Pakistan offered various chances for development to young entrepreneurs to come across and utilize their knowledge and skills by availing diverse business opportunities to make their condition better and to contribute in economic development of Pakistan (Mahmood et al, 2017).…”