RESEARCH TITLE:

“The effects of having a business mindset to the academic performance of Grade 12 ABM students of
Aklan Catholic College, Kalibo Aklan for S.Y. 2020-2021”.

CHAPTER 1

BACKGROUND OF THE STUDY:

Accounting, business, and management is a strand that requires its students to possess the skill
of being street-smart and business-minded. One must be an eager learner in all aspects of conducting
business for them to ensure success in their endeavors in the world of business. That's why this
research study is aimed to identify the "effects of having a business mindset to the academic
performance of Grade 12 ABM students of Aklan Catholic College, Kalibo Aklan for S.Y. 2020-2021". The
researcher would like to carry out the study for he has observed that some of his classmates are
business-minded in their classroom and are performing well in class. The study will take place at the
Grade 12 ABM class of Aklan Catholic College Kalibo, Aklan where many students have a business-
mindset.

“the entrepreneurial mindset of young people should be encouraged and training programs for
running small businesses and entrepreneurial knowledge for young people should be provided”
(Bourgeois, 2012, p. 71)

The researcher believes that this study could help parents, guardians, and teachers to know the
situation of the business minded students and how they could also teach and adapt this mindset to the
other students of the ABM strand.

STATEMENT OF THE PROBLEM:

Research title:

“The effects of having a business mindset to the academic performance of Grade 12 ABM students of
Aklan Catholic College, Kalibo Aklan for S.Y. 2020-2021.”

General problem:

This research is conducted to identify the effects of having a business mindset to the academic
performance of Grade 12 ABM students of Aklan Catholic College, Kalibo Aklan for S.Y. 2020-2021.

Specific Problems or Research Questions:

1. What is the demographic profile of the Grade 12 ABM students of Aklan Catholic College, Kalibo
Aklan for S.Y. 2020-2021 in terms of:
1.1 Age
1.2 Sex

2. How does the growth of a student’s business mindset get affected in terms of:

2.1 Family business

2.2 Personal ambitions

2.3 Financial status

2.4 Admired Business people

3. How does students’ business mindset affect their business-related studies performance in terms of:

3.1 Business Planning and conceptualizing

3.2 Organizing

3.5 Managing

3.3 Marketing
 3.4 Accounting

SIGNIFICANCE OF THE STUDY

Conducting a research study about the effects of having a business mindset to the academic
performance of Grade 12 ABM students, would benefit the following:

Students- This study can help students determine what a business mindset is, what is its effects, and
how to also apply it to their selves as an element in studying as ABM students. Therefore, at the end
of this study, this can promote the entrepreneurial mindset to more students enrolled in the ABM strand.

Teachers- The results of this study can be beneficial to the teachers of the ABM strand to serve as a
basis for assessment on how to encourage their learners to approach all tasks and activities with an
entrepreneurial mindset.

Parents- Just like the teachers, the final data that would be presented by this study could help them
assess the situation of their children and to also encourage them to have an entrepreneurial mindset. It
would be helpful for them to understand more, the situation of the performance of their children as ABM
students.

Future Researchers- Just like me, the information that would be gathered by this study could be a big
help to them as it would give them ideas and answers to the effects of having a business mindset to the
academic performance of Grade 12 ABM students. The data that will be rendered by this study could be
a reference if one day, future researchers were to conduct a study related to business mindset.

THEORETICAL FRAMEWORK:

“If you have a different mindset, you will have a different outcome”. Those are the famous words
of China’s current richest person, Jack Ma. He believes that a person’s mindset is a very important
element in ensuring success in any business endeavor.

Business is a very unpredictable world. It can either lead you to fame and fortune, or bankruptcy
and failure. It is a key to acquire wealth, and success in life, that is why it is a human nature to venture
into it. Accounting, business, and management is a strand that inculcates in its students the rudiments
of conducting business and the art of accounting, but not all its students perform well in class because
of certain elements lacking, and one of it is a business mindset.

This study is anchored on the Entrepreneurial mindset theory which is developed by the Allan
Gray Orbis Foundation. According to www.allangrayorbis.org (2017), Entrepreneurial mindset relates to
how a person thinks, their state of mind or the lens through which they see the world, and how this
influences their propensity for entrepreneurial activities and outcomes. This state of mind or lens is
influenced by multiple factors that include what people know or do not know (related to their
knowledge), what people have done or have not done (related to their experience), what people can do
or believe they can do (related to their level of competency and self-belief), and who they are (related
to their personality, values, attitudes and beliefs).

Students perform in accordance to their mental capabilities. What their perspectives on different
subjects are, determine the way they act, hence in business, it also works the same, wherein amateur
student business practitioners who have an entrepreneurial mindset, becomes more eager, oriented,
and successful in performing business related study tasks.
CONCEPTUAL FRAMEWORK

Independent Variable Dependent Variable

1. Respondent’s Profile
1.1 Age
1.2 Sex
2. Factors that affect the growth of a student’s
business mindset
2.1 Family business “The effects of having a business
2.2 Personal ambitions mindset to the academic
2.3 Financial status performance of Grade 12 ABM
2.4 Admired Business people students of Aklan Catholic
3. Effects of students’ business mindset to College, Kalibo Aklan for S.Y.
business-related tasks 2020-2021.”
3.1 Business Planning and conceptualizing
3.2 Organizing
3.3 Marketing
3.4 Accounting

SCOPE AND DELIMITATIONS

The focus of this study is to determine the “The effects of having a business mindset to the
academic performance of Grade 12 ABM students of Aklan Catholic College, Kalibo Aklan for S.Y. 2020-
2021”. This study would mainly focus on how the business mindset of Grade 12 ABM students affect
their academic performance. This study will be conducted among the grade 12 ABM students of Aklan
Catholic College, Senior High School Department for S.Y. 2020-2021. The respondents of the study are
the grade 12 ABM students of Aklan Catholic College, Kalibo, Aklan for S.Y. 2020-2021. The researcher
would only get 15 respondents out of the total population of 30 students. The researcher would use
simple random sampling for choosing the 15 respondents. The study will be conducted at the annex
campus of Aklan Catholic College, Kalibo, Aklan since that is where both the researcher and respondents
are studying, and it is also the school where most of the 12 ABM students have a business mindset.
Data gathering methods that will be used by the researcher are survey, questionnaire, poll, interview,
and observation.

DEFINITION OF TERMS

To clearly understand the following terms stated below, I will be giving their conceptual, and
operational definitions.

Academic Performance- As cited by Ballotpedia.org, academic performance is the measurement of

student achievement across various academic subjects. Teachers and education officials typically
measure achievement using classroom performance, graduation rates and results from standardized
tests.
Operationally, it simply refers to the competence, intelligence, initiatives, and efficiency exhibited by a
student in different tasks in the class. It is the basis for grade judgement by the teachers.
Accounting- According to Investopedia.com, accounting is the process of recording financial transactions
pertaining to a business. The accounting process includes summarizing, analyzing, and reporting these
transactions to oversight agencies, regulators, and tax collection entities.

In this study, it is closely defined just like the conceptual framework, but it encompasses all the
activities done in the fundamentals of accounting, business, and management subject.
Business- Wikipedia.com states that Business is the activity of making one's living or making money by
producing or buying and selling products. Simply put, it is "any activity or enterprise entered into for
profit.

It is defined in this study as the act of selling all types of goods, or doing services in exchange for
money.

Business/ Entrepreneurial Mindset- As cited by hacktheentrepreneur.com, business mindset is a way of

thinking that enables you to uncover and see problems as opportunities, and then turning those
opportunities into a business. It is an understanding that everything around us is the result of someone
having an idea and then executing it.

As used in this study, it is the particular way of thinking business-oriented people have. It is a set of
skills that enable students to identify and make the most out of every situation they encounter. It is
characterized by being wise, street-smart, prudent, self-motivated and being fearless and optimistic.

Business Planning/Conceptualizing- As stated by linkedin.com, business conceptualization is the phase

during which the Entrepreneur writes his ideas on paper to identify the concepts that will later layout
the foundations of his "Business Model". He describes step by step the processes through which his
project can generate an income.

In this study, it is the act of formulating or constructing ideas on what businesses to launch. It includes
calculating all the expenses expected to be made, checking for all available resources, the feasibility of
conducting the business, and the projection of expected income to be generated by the business.

Financial Status- According to lawinsider.com, financial status means the level of income into which
applicants are categorized for purposes of determining the extent of their eligibility to receive financial
assistance.

Operationally, it refers to the income level a student and their family belongs to. It can be classified into
six levels based on monthly incomes generated by a family. Low (10k-21k), lower middle (21k-43k),
middle (43k-76k), upper middle (76k-131k), upper (131k-219k), and the rich (219k & above).

Marketing- As cited by Investopedia.com, marketing refers to activities a company undertakes to

promote the buying or selling of a product or service. Marketing includes advertising, selling, and
delivering products to consumers or other businesses.

It is defined in this study as the act of advertising, promoting, and selling all types of goods and services
to the people. It is characterized by having or showing very effective persuasion to it customers.

Managing- Businessdictionary.com states that management consists of the interlocking functions of

creating corporate policy and controlling, and directing an organization's resources in order to achieve
the objectives of that policy.

As used in this study, it is closely defined just like the conceptual definition, because it is the act of
controlling, deciding, and directing the business’ resources to achieve success of particular goals and
endeavors.

Mindset- As stated by merriam-webster.com, it is a mental attitude or inclination, or a fixed state of

mind.

In this study, it simply means, the way of thinking a person has. It is a fixed set of attitudes held by
someone, it directs the person’s behavior and actions towards the achievement of a certain goal.

Organizing- According to open.lib.umn.edu, organizing is the function of management that involves

developing an organizational structure and allocating human resources to ensure the accomplishment of
objectives. The structure of the organization is the framework within which effort is coordinated.

Operationally, it is defined as the act of ensuring that all resources, financial statements, and written
documents are in place and are systematic, in order to accomplish a smooth and seamless business
operation. It is the first step of putting all the business plans and concepts into a reality.

HYPOTHESIS
There is a significant relationship between the business mindset of the grade 12 ABM students and their
academic performance.

There is a significant difference between students who have a business mindset and those students who
don’t have.