Culture of Entrepreneurship vs. Employment

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Culture of Entrepreneurship versus Employment

Melanie Banzuela-de Ocampo, PhD
April Joan S. Bagano, MBE Ana Liza R. Tan, MBA

Abstract

This paper is part of the results of a larger graduate tracer study done for a large university. It looks into the culture of entrepreneurship versus employment among recent graduates of the business school of a large university based in the Philippines. Students who chose to take an entrepreneurial education undergo a two-semester business practicum program entailing preparation of a business plan and actual implementation of a start-up enterprise. Students who go through this baccalaureate degree are envisioned to become entrepreneurs when they graduate. The study reveals that one out of four of the graduates who took up entrepreneurial education became entrepreneurs after graduation. Many still opted for employment. It appears from this initial study that the culture of entrepreneurship particularly youth entrepreneurship still needs to take root in the young people’s mindset. Filipino youth continue to have a strong cultural preference for secure jobs and the employment route.

Keywords: Culture of Entrepreneurship, Entrepreneurial Education, Graduate Tracer Study, Employment

Introduction

In an increasingly globalized world, there is a growing pressure for fresh graduates to compete for jobs which are not growing at the same pace with the growth in population of young people seeking gainful employment. According to the International Labor Organization Youth Employment Networks (YEN), young people are actively seeking to participate in the world of work and are two to three times more likely than the older generations to find themselves unemployed (ILO, 2006). Young people are defined by the UN as individuals between the age of 15 to 24 years, and adults as individuals of age 25 and over. According to UN statistics, there are over 1 billion young people in 2000, which



References: Abarquez, Teresita C. (2011), Promoting Entrepreneurial Culture in the Philippines Through Integration of Entrepreneurial Competencies in Basic Education, Journal of Business Studies Vol 5 No 1. Cox, L. W., Mueller, S. and Moss, S. E. (2002), The Impact of Entrepreneurial Education on Entrepreneurial Self Efficacy, International Journal of Entrepreneurship Education, I (1). Dana, L.P. (2001), The Education and Training of Entrepreneurs in Asia, Education + Training, 43 (8/9) http://dx.doi.org/10.1108/EU00006486. De Ocampo, Melanie Banzuela (2009), Graduate Tracer Study: Employability of Recent Graduates of University of San Carlos-College of Commerce, Studies in International Cultures, Vol 5, No. 1. Galloway, L. and Brown, W. (2002), Entrepreneurship Education at University: A Driver in the Creation of High Growth Firms”, Education & Training, Vol 44 Nos 8/9. Gorman, G. and Hanlon D. (1997) Some Research Perspectives on Entrepreneurship Education, Enterprise Education and Education for Small Business Management: A Ten-Year Literature Review, International Business School Bulletin, Vol 37. Harian, B. (2006), Entrepreneurship Education in Public University, 6 June. Henderson, R. and Robertson, M. (2000), Who Wants to be an Entrepreneur? Young Adult Attitudes to Entrepreneurship as a Career”, Career Development International, Vol 5 No. 6. Kolvereid, L. and Moen, O. (1997), Entrepreneurship among Business Graduates: Does a Major in Entrepreneurship make a Difference?, Journal of European Industrial Training, Vol, 21, No. 4. Matlay M. (2005), Researching Entrepreneurship and Education Part I: What is Entrepreneurship and Does It Matter? Education + Training, 47 (8/9) http://dx.doi.org. Matlay, H. (2008), The Impact of Entrepreneurial Education on Entrepreneurial Outcomes, Journal of Small Business and Enterprise Development, Vol. 15 No. 2 Mohan-Neill, S Rae, David, Martin, Lynn, Antcliff, Valerie and Paul Hannon (2012), Enterprise and Entrepreneurship in English Higher Education: 2012 and Beyond. Enterprise Development 19.3. Acknowledgment This paper has been accepted for presentation in the 2012 5th Taiwan-Philippines Academic Conference: Digital Humanities and Cultural Studies to be held at Aletheia University, New Taipei City, Taiwan on October 20, 2012

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