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ENTRUSTING FUTURE
ENTREPRENEURS:
ASSESSING THE
IMPORTANCE OF BUSINESS
PLAN MANDATES IN ABM
STUDENTS
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INTRODUCTION
 BACKGROUND OF THE
STUDY
This Background of the study examines the importance of incorporating business plans into the
education of ABM students to enhance their entrepreneurial skills and assess the connection
between formal education and entrepreneurial success. It may use surveys, interviews, and data
analysis for its conclusions.

Romer, (1994)stated that entrepreneurial activity is the nation's long-term economic growth
engine. Entrepreneurship provides a source of income, when the economy cannot provide enough
jobs or other alternatives to generate salary and provide a positive social value in place.

(Republic Act No. 10679) – President of the Philippines Benigno S. Aquino III signed on August
27, 2015 a law of the “Youth Entrepreneurship Act”, It is hereby declared the policy of the State to
promote the sustained development of young Filipinos whose aptitude and skill in the field of
finance and entrepreneurship shall be encouraged and honed through education and specialized
training programs.
 OBJECTIVES
Is to evaluate the current understanding and awareness of business plan
mandates among ABM students.

Is to determine if requiring business plans enhances ABM students' readiness for

future business and management careers

Is to assess how mandating business plans as part of the ABM curriculum

influences the educational experience of students.
 STATEMENT OF THE PROBLEM
General problem: The primary concern at hand pertains to the efficacy and suitability of
mandating the inclusion of business plan development within the curriculum for students pursuing
an education in the field of ABM.

1. The respondent's demographic factors and characteristics

1.1 Age
1.2 Gender
1.3 Education

2. What challenges and obstacles do ABM students encounter when applying business
plan tasks and how do these factors influence their willingness and ability to become
future entrepreneurs?

3. How does integrating business plan requirements into the ABM curriculum impact
student’s perceptions of entrepreneurship and their motivation to pursue business
ventures?
 LITERATURE REVIEW
Entrepreneur Magazine (2020) in their study. A business plan is also a road map that gives
instructions to assist a company plan for the future and steer clear of obstacles. The time you
invest in creating a comprehensive, accurate, and current business strategy will pay off
handsomely in the road

Colclasure, Madeline, (2020) in their study that. Entrepreneurs who write business plans, in
general, receive more funding from third parties such as banks and venture capital firms
and are more likely to be successful. Entrepreneurs who receive a business education and
have the support of a mentor are also more likely to be successful in the long term.

Yamat, Gernale, Galicio, Montealto, Caballero, and Borja Embile, (March 2020) conclude
that. A business plan is a written document regarding a business goal, objectives, and
strategies. A business plan provides a path where the main objective is to be successful.
METHODOLOGY
 RESEARCH DESIGN
This research employs a quantitative, non-experimental approach, utilizing a
correlational design. Quantitative research design is a formal, objective, systematic
process in which numerical data are used to obtain information about the variables. It is
used to describe and examine relationships between and among variables (Lamar,
2005).

Correlational research is a quantitative method that studies the relationship between

multiple quantitative variables within the same group of subjects. This research aims to
investigate how mandating business plans in the education of ABM students impacts
their entrepreneurial competencies and aspirations.
 DATA GATHERING
PROCEDURE
The process for gathering the information required for "Entrusting Future Entrepreneurs: Assessing
the Importance of Business Plan Mandates in ABM Students" is as follows.

1. Researchers will identify the target audience. The study's target demographic would be the
Grade 12 ABM students at Arellano University's Juan Sumulong Campus.

2. The respondent's consent was required in order for them to participate in the study.

3. The respondent's consent was required in order for them to participate in the study
 4. Researchers will inquire about difficulties and barriers encountered by ABM students in
completing business plan assignments, as well as how these elements affect their
preparedness and potential for future entrepreneurship.

5. After compiling the completed questionnaires, the researchers will also review the survey
data.

Participants will be given an explanation by a researcher about the significance of their responses
and the need for full awareness of the research topic. After completing the questionnaire, the
researcher will gather and analyze the data. Subsequently, they will consult with their advisors to
ensure the accuracy of their findings.
 INSTRUMENTATION

We plan to use a questionnaire as our research instrument to gather data. This method
was chosen due to its efficiency in gathering data quickly. We expect that our
respondents, who are Grade 12 ABM students at Arellano University, will easily
understand and answer the survey that we have prepared.

As researchers, we will create our survey based on our comprehension of the research
study, For validation purposes, we will send copies of our survey once we have
finished preparing it
 RESEARCH LOCALE

The research was held at Arellano University's Juan Sumulong Campus, which is situated at
2600 Legarda Street in Sampaloc, Manila. Students in Grade 12 who are enrolled in the
Accountancy, Business, and Management (ABM) Strand at Arellano University Juan
Sumulong Campus for the academic year 2023–2024 were chosen from different sections
of the campus to participate in this study as respondents. Their ideas and opinions will be
the main focus of this study. These respondents possess the necessary knowledge to
respond to the survey questions that are particular to the study. The survey replies from
the chosen respondents will give the researchers the information they need.
 PARTICIPANTS AND SAMPLING
TECHNIQUES
The primary participants would be 12 ABM students, Set A, Pm shift who have knowledge
about business and management courses. These students would be directly impacted by
any business plan mandates and their effectiveness in developing entrepreneurial skills.
Questionnaires and Interviews with those who have knowledge about Business Plans can
be beneficial.

Stratified Random Sampling

The study will use stratified random sampling to ensure that participants are chosen from
the 12 ABM, Set A PM shift, and that those with knowledge of business plans can take part
in the survey. Within each stratum, individuals will be randomly selected to be included in
the study.
 Simple Random Sampling

The population for this study is drawn from Set A, the ABM PM shift, with a sample size of
50 individuals. Selection can be random, using a special number for each participant.
Those selected will be contacted and given the option to participate. Data will be
collected through surveys, interviews, and other research-appropriate methods.
Subsequently, statistical analysis will be performed to highlight the significance of the
Business Plan for Future Entrepreneurs
THANK YOU!