Samdarshi

ISSN: 2581-3986
Vol 16 Issue 3 (August 2023)

Rationale Towards Entrepreneurship – A Study Among Post Graduate

Management Students
1
Corresponding Author: Dr. J. Balamurugan, 2Dr. J. M. Velmurugan, 3Dr. R. Murugesan, 4Dr. A. Stephen Durai
1
Assistant Professor, School of Commerce and Management Studies, St. Peter's Institute of Higher Education and Research
Deemed to be University, Chennai, Tamilnadu, India.
2
Head and Assistant Professor, Department of Commerce, School of Excellence in Law, The Tamilnadu Dr.Ambedkar Law
University, Chennai, Tamilnadu, India.
3
Professor in MBA, St.Joseph School of Management Studies, St.Joseph University Nagaland India
4
Assistant Professor, Department of Business Administration, G.T.N. Arts College (Autonomous), Dindigul, Tamil Nadu,
India.

ABSTRACT
The story of the India entrepreneurship is replete with paradoxes and surprises. During the pre-
independence and post-independence era, the entrepreneur was seen more as a trader, money lender, bound rigidly
by caste affiliations and religious, cultural and social forces ranging from the philosophy of Karma to the system
of joint family. Entrepreneurship as we understand it today was definitely not forthcoming from this social
segment. A number of political, economic factors too had an inhibiting effect on the spirit of enterprise among
Indians. Lack of political unity and stability, absence of effective communications systems, existence of custom
barriers and oppressive tax policies, prevalence of innumerable currency system- all these combined together to
restrict the growth of native entrepreneurship until around the third decade of the 19th Century. Looking to in the
statistics presented by the World Bank from 2004-2009 it is interestingly to know that the number of people who
run their business has increased to a greater extent. In this study, Post graduate management students were
surveyed in order to explore their attitudes towards entrepreneurship activities. The descriptive method of research
was utilized in the conduct of the study. A sample size of 300 post graduate management students were selected
by adopting convenience sampling method. The study aims to identify the attitudes of post graduate management
students towards entrepreneurship, relationship between Socio-economic profile and attitudes and the rationale of
the post graduate management students towards entrepreneurship.

INTRODUCTION
Students of today’s generation are the future entrepreneurs of the country. Entrepreneurship is perceived to bring
economic welfare and may contribute significantly in nation’s future wealth. It is undeniably obvious that unemployment rate in
India has constantly increasing. Many post graduate management students are unable to find jobs appropriate with the degree they
finished. Entrepreneurship education has been acknowledged by many organization’s and even the government has a promising
way to improve the work insertion of young people and, at the same time, contribute to social and economic welfare.
Entrepreneurship creates jobs which consequently generate more opportunities.
Entrepreneur is a person who shifts resources from an area of lower to an area of higher productivity and
grater yield. He is a person who has possession of a new enterprise, venture or idea and is accountable for the
inherent risks and the outcome. He is a person who makes lot of significant difference from other people. He
thinks differently, looks out for cross functional combinations asks the questions like “why” and “What it”. He is
person who is ready to face challenges, consider approaches never thought before, observes disruptive people and
problem they face, cross pollinate ideas and brain storm with others frequently. Entrepreneurs are said to be the
backbone of the economy. India being a divergent country has an enormous population base which has given birth
to a number of entrepreneurial personalities. India is one of the developing entrepreneurial industries in the field
of outsourcing, education, hotel and catering etc. Who are Risk-taking individuals who take actions to pursue
opportunities and situations others may fail to recognize or may view as problems or threats.
It is well known that a career in entrepreneurship offers significant opportunities for individuals to achieve
financial independence and benefit the economy by contributing to job creation, innovation and economic growth.
Today’s students are tomorrow’s potential entrepreneurs, which may explain why a growing number of colleges
and universities offer courses and programs in entrepreneurship. However, there is little understanding of the

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ISSN: 2581-3986
Vol 16 Issue 3 (August 2023)
factors that affect student’s intention of becoming entrepreneurs and the relationship between entrepreneurship
education and student’s entrepreneurial attitudes and intentions (Souitaries et al 2007).
This paper aims to attempt about identifying the attitudes of post graduate management students towards
entrepreneurship.

OBJECTIVES OF THE STUDY

i. To reveal the Socio-economic profile of the Post graduate management students
ii. To identify the attitudes and rational of Post graduate management students towards entrepreneurship.
iii. To identify the relationship between the Socio-economic profile and attitudes towards entrepreneurship.

METHODOLOGY
➢ Scope of the Study
The students studying in Universities/colleges/institutes providing MBA /post graduate management
programmes located within the radius of 20 kms from Dindigul Bus stand were included for the study.
➢ Collection of Data
In order to collect primary data from the respondents, the researcher has used structured questionnaire for the
study. The primary data were collected directly from the post-graduate management students who are undergoing their
studies in various B-schools in Dindigul. The secondary data collected from the Magazines, Journals, and Newspaper
etc.
➢ Sample Size
The descriptive method of research was utilized in the conduct of the study and 300 post graduate management
students were selected by adopting convenience sampling method.

DATA ANALYSIS AND INTERPRETATION

I. Socio-Economic Profile of the Respondents
Table 1 shows the institution wise classification of respondents. It was identified that only five institutions were
found offering post graduate management course applying the criteria of institutions falling within the radius of 20 kms
from Dindigul bus stand. Out of 300 sample respondents, 70 (23 per cent) post graduate management students were
taken from Vijay Institute of Management, 60 (20 per cent) of them are studying in AR Business School, followed by
50 (17 per cent) students from PSNA College, 45 (15 per cent) students were studying in RVS College, 40 (13 per cent)
students from Gandhigram Rural Institute and 35 (12 per cent) are studying in Parvathi’s Arts and Science College. It
is inferred that most of the (23 per cent) Post graduate management students were taken from Vijay Institute of
Management for this study.

1. Institution Wise Classification of the Respondents

Table. 1
Institution Wise Classification of the Respondents

Sl.no Institution No. of Respondents Percentage

1 AR Business School 60 20

Gandhigram Rural Institute – Deemed

2 40 13
University

3 Vijay Institute of Management 70 23

4 RVS Institute of Management 45 15

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Vol 16 Issue 3 (August 2023)

5 PSNA College 50 17

6 Parvathi’s Arts and Science College 35 12

Total 300 100

Source: Compiled from Primary data.

2. Education Wise Classification of the Respondents (at Under Graduation level)

Table. 2
Under Graduation Wise Classification of the Respondents

Sl.no Education No. of Respondents Percentage

1 BE 75 25

2 BBA 58 19

3 B.COM 49 16

4 BCA 33 11

5 BA 59 20

6 B.Sc 26 9

Total 300 100

Source: Compiled from Primary data.

Table 2 exhibits the education wise classification of the respondents. Out of 300 sample respondents, there 75 (25
per cent) students completed their BE, 59 (20 per cent) students have finished their BA, 58 (19 per cent) of them
studing BBA, followed by 49 (16 per cent) students completed their B.COM, 33 (11 per cent) studied their BCA
and 26 (9 per cent) students completed their BSc as under graduation courses. It is concluded that the majority
(25 per cent) of the post graduate management students have completed their BE course as under graduation.

3. Nature of Family Type Wise Classification of the Respondents

Table. 3
Nature of Family Type Wise Classification of the Respondents
Sl.no Types of family No. of Respondents Percentage
1 Nuclear family 271 90
2 Joint family 29 10
Total 300 100
Source: Compiled from Primary data.

Table 3 exhibits the nature of family type wise classification of the respondents. Out of 300 post graduate
students, there are 271 (90 per cent) belonging to Nuclear family and only 29 (10 per cent) belong to joint family.
It indicates that a majority (90 per cent) of the post graduate management students are from to nuclear family
system.

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ATTITUDE TOWARDS ENTREPRENEURSHIP
Attitude is a subjective feeling of an individual which has an impact on the behavioral aspects of the
individual which in turn affects his career choice. A post graduate student by nature would have a goal at this
stage with regard to the choice of his/her career. An attempt is made to identify the attitude of the post graduate
students towards entrepreneurship by asking a straight question and the data is tabulated in Table 4.

Table. 4
Attitude towards Entrepreneurship
Sl.no Attitude No. of Respondents Percentage

1 Favorable 210 70

2 Unfavorable 90 30

Total 300 100

Source: Compiled from Primary data.

Table 4 reveals the attitudes towards entrepreneurship. Out of 300 sample respondents studies 210 (70 per
cent) post graduate management students have a favorable attitude towards entrepreneurship and the remaining
90 (30 per cent) have unfavorable attitude towards entrepreneurship. It is shows that a majority of the post graduate
management students have favorable attitudes towards entrepreneurship.

RELATIONSHIP BETWEEN THE SOCIO-ECONOMIC PROFILE AND ATTITUDES TOWARDS

ENTREPRENEURSHIP
The socio-economic profile of the respondents may have relationship with attitude towards
entrepreneurship. Hence the present study has made an attempt to analyse the relationship between the socio-
economic profile of the respondents and their attitudes towards entrepreneurship. The profile variables of this
study are age, gender, level of education, parent’s occupation, monthly income of parents and type of family
among the respondents. The One-Way Analysis of Variance (ANOVA) has been executed to analyse and
significant difference among the respondents under different classification of socio-economic profile regarding
the attitudes towards entrepreneurship. The resultant ‘F’ statistics, the respective table value and the results are
summarized in Table 5.
Table. 5
Association between Socio-Economic Profile of the Respondents and their Attitudes towards
Entrepreneurship
Table value of
Sl.No. Profile Variables F-statistics ‘F’ at 5 per cent Result
level
1. Age 2.9198 2.37 Significant

2. Gender 3.1083 3.84 Insignificant*

3. Level of education (UG) 2.6608 2.21 Significant

4. Parent’s Occupation 2.7089 2.60 Significant

5. Monthly income of Parents 2.8193 2.37 Significant

6. Type of family 1.8874 2.21 Insignificant*

Source: Compiled from Primary data.

The significantly associating socio-economic profile variables with the attitudes towards entrepreneurship
among the respondents are age, level of education, parent’s occupation and monthly income of parents. The variables

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ISSN: 2581-3986
Vol 16 Issue 3 (August 2023)
like age and type of family are not significantly associated with the attitude towards entrepreneurship among the post
graduate management students. Since the respective ‘F’ statistics are significant at five per cent level. The analysis infers
that out of 6 profile variables, 4 profile variables are associated with attitude towards entrepreneurship among the
respondents. This reveals the importance of profile variables in the determination of their attitude towards
entrepreneurship.

RATIONALE BEHIND FAVORABLE ATTITUDE AMONG POST GRADUATE MANAGEMENT

STUDENTS TOWARDS ENTREPRENEURSHIP

In order to identify the rationale behind the favorable attitude towards entrepreneurship, 30 variables have been
used to evaluate the rationale of the post graduate management students towards entrepreneurship [Table. 6].

Table. 6
Rationale towards Favorable Attitude among Students
Sl.No Variables No. of Responses RANK
1 Education in the relevant field 290 8
2 To be clear in the objectives 293 7
3 Should have technical knowledge 270 19
4 Initiative in nature 281 16
5 Enthusiastic in doing work 280 17
6 To be self-motivated 284 13
7 Should have self-confidence 286 12
8 Ability to influence others 259 22
9 Punctuality 242 28
10 Ability to work in time 260 21
11 Contact with customers 289 9
12 Relationship with employees 200 30
13 Willing to take risk 298 3
14 Passion 300 1
15 Faith and commitment 255 24
16 Adaptability 245 27
17 Visionary Leadership 283 14
18 Hard worker 257 23
19 Recognition of opportunity 287 11
20 Problem solving skill 295 6
21 Creativity 296 5
22 Innovativeness 299 2
23 Ability to manage changes 265 20
24 Access to start-up capital 282 15
25 Sufficient funds 297 4
26 Business minded friends 231 29
27 Family background 254 25
28 Self – efficacy 288 10
29 Business experience 272 18
30 Entrepreneurial learning 246 26
Source: Compiled from Primary data.

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From the table, it can be understood that the following ten variables such as R1 - Passion, R2 – Innovativeness,
R3 - Willing to take risk, R4 – Sufficient funds, R5 – Creativity, R6– Problem solving skill,R7 –To be clear in the
objectives,R8 – Education in the relevant field, R9 – Contact with customers andR10 - Self – efficacy, have got the highest
responses, which indicates the above mentioned ten variables play effectively an important role in influencing a
favorable attitude among the Post Graduate Management students towards entrepreneurship. These ten variables are
classified as prime variable in this study.

FINDINGS
1. Majority of the (23 per cent) Post graduate management students were from Vijay Institute of Management.
2. Majority (25 per cent) of the post graduate management students have completed their BE course as under
graduation.
3. Majority (90 per cent) of the post graduate management students are from nuclear family.
4. Majority (70 per cent) of the post graduate management students are having favorable attitudes towards
entrepreneurship.
5. The analysis infers that out of 6 profile variables, 4 profile variables are associated with attitude towards
entrepreneurship among the respondents. It reveals the importance of profile variables in the determination of their
attitude towards entrepreneurship.
6. The ten variables play an important role in influencing a favorable attitude among the Post Graduate
Management students towards entrepreneurship.

CONCLUSION
From the study we can conclude that a majority of the Post Graduate Management Students are interested to
become entrepreneurs. The rationale that motivates the post graduate students to become an entrepreneur are the
following five variables: R1 – Passion, R2 – Innovativeness, R3 - Willing to take risk, R4 – Sufficient funds and R5 –
Creativity. Hence the educational institutions should design the curriculum in such a way their R1 – Passion, R2 –
Innovativeness and R3 - Willing to take risk should be enhanced. The Indian Government has to take necessary steps to
bring about more awareness programmes about the various schemes available to the students to start their own business.
Moreover, in the educational curriculum also a paper/subject on Entrepreneurship should be included under the Choice
Based Credit System (CBCS) and the students from various disciplines who have a basic instinct to start his/her own
business should be motivated and their dreams should be brought to a reality. This would again motivate the Post
Graduate Management Students to go out the institutions after completing the course as entrepreneurs (job providers)
and not job seekers.

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