Factors Affecting the Intention to Start up a Business of Management Students in Hanoi
Main Article Content
Abstract
The article focuses on clarifying the factors affecting the intention of students in Business Administration to start up a business based on 300 observations conducted at six universities and two colleges in the city of Hanoi. The research uses qualitative and quantitative research methods to identify and test the influencing factors. The results show that there are 6 factors that positively affect the students’ intention to start up a business, including (1) opinions of people around, (2) perceived feasibility, (3) the higher education learning environment, (4) personal characteristics, (5) access to finance and (6) leadership experience. Based on these results, the group of authors has made recommendations for universities and colleges in the process of training and supporting students to start up a successful business.
Keywords:
Intention to start up, students, major of business administration.
References
[1] Krueger, N.F., Reilly, M.D., Carsrud, A.L., “Competing Models of Entrepreneurial Intentions,” Journal of Business Venturing, 15 (5/6) (2000) 411-432.
[2] Fishbein, M., & Ajzen, I., Intention, and Behavior: An Introduction to Theory and Research, Addison-Wesley, Reading, 1975.
[3] Bird, B., “Implementing Entrepreneurial Ideas: The Case for Intention,” Academy of Management Review, 13 (1998) 442-453.
[4] Krueger, N., “The Impact of Prior Entrepreneurial Exposure on Perceptions of New Venture Feasibility and Desirability,” Entrepreneurship Theory and Practice, 3 (5) (1993) 5-21.
[5] Gurbuz, G., & Aykol, S., “Entrepreneurial Intentions of Young Educated Public in Turkey,” Journal of Global Strategic Management, 4 (1) (2008) 47-56.
[6] Ajzen, I., “The Theory of Planned Behavior,” Organizational Behavior and Human Decision Processes, 50 (2) (1991) 179-211.
[7] Franke, N., & Luthje, C., “Entrepreneurial Intentions of Business Students - A Benchmarking Study,” International Journal of Innovation and Technology Management, 1 (03) (2004) 269-288.
[8] Wongnaa, C. A., & Seyram, A. Z. K., “Factors Influencing Polytechnic Students’ Decision to Graduate as Entrepreneurs,” Journal of Global Entrepreneurship Research, 4 (1) (2014) 1-13.
[9] Obschonka, M., Silbereisen, R. K., & S. Rodermund, E, “Entrepreneurial Intention as Developmental Outcome,” Journal of Vocational Behavior, 77 (1) (2010) 63-72.
[10] Shapero, A., & Sokol, L., “Social Dimensions of Entrepreneurship,” in D. L. C. A. Kent, Encyclopedia of Entrepreneurship (pp. 72-90), Englewood Cliffs, 1982.
[11] Begley, T. & Tan, W., “The Socio-Cultural Environment for Entrepreneurship: A Comparison between East Asian and Anglo Saxon Countries,” Journal of International Business Studies, 32 (3) (2001) 537-553.
[12] Haris, N. A., Abdullah, M., Othman, A. T., & Rahman, F. A., “Exploring the Entrepreneurial Intention Among Information Technology Students,” Information Technology Journal, 22 (2016) 116-122.
[13] Nguyen Doan Chi Luan, “Factors affecting the entrepreneurial intention of university students majoring in Economics in Ho Chi Minh City," Master Thesis, Open University of Ho Chi Minh City, 2012 (in Vietnamese).
[14] Phan Anh Tu & Tran Quoc Huy, “Analysis of factors affecting the intention to start a business of students at Can Tho University of Technology and Technology,” Can Tho University Scientific Journal, 48 (2017) 96-103 (in Vietnamese).
[15] Pham Thanh Cong, “The Influence of Individual Factors on the Entrepreneurial Intention of Young People in Ho Chi Minh City,” Master's Thesis, Ho Chi Minh City University of Technology, 2010 (in Vietnamese).
[16] Mat, S. C., Maat, S. M., & Mohd, N., “Identifying Factors that Affecting the Entrepreneurial Intention among Engineering Technology Students,” Procedia-Social and Behavioral Sciences, 211 (2015) 1016-1022.
[17] Carayannis, E. G., Evans, D., & Hanson, M., “A Cross-cultural Learning Strategy for Entrepreneurship Education: Outline of Key Concepts and Lessons Learned from a Comparative Study of Entrepreneurship Students in France and the US,” Technovation, 23(9) (2003) 757-771.
[18] Shaver, K.G. & Scott, L.R., “Person, process, choice: the psychology of new venture creation,” Entrepreneurship: Theory and Practice, 16 (2) (1991) 23-46.
[19] Ministry of Education and Training, “Higher Education Statistics for the Academic Year 2019-2020,” 2019, https://moet.gov.vn/thong-ke/Pages/thong-ko-giao-duc-dai-hoc.aspx?ItemID=7389 (Accessed 12 January 2020).
[2] Fishbein, M., & Ajzen, I., Intention, and Behavior: An Introduction to Theory and Research, Addison-Wesley, Reading, 1975.
[3] Bird, B., “Implementing Entrepreneurial Ideas: The Case for Intention,” Academy of Management Review, 13 (1998) 442-453.
[4] Krueger, N., “The Impact of Prior Entrepreneurial Exposure on Perceptions of New Venture Feasibility and Desirability,” Entrepreneurship Theory and Practice, 3 (5) (1993) 5-21.
[5] Gurbuz, G., & Aykol, S., “Entrepreneurial Intentions of Young Educated Public in Turkey,” Journal of Global Strategic Management, 4 (1) (2008) 47-56.
[6] Ajzen, I., “The Theory of Planned Behavior,” Organizational Behavior and Human Decision Processes, 50 (2) (1991) 179-211.
[7] Franke, N., & Luthje, C., “Entrepreneurial Intentions of Business Students - A Benchmarking Study,” International Journal of Innovation and Technology Management, 1 (03) (2004) 269-288.
[8] Wongnaa, C. A., & Seyram, A. Z. K., “Factors Influencing Polytechnic Students’ Decision to Graduate as Entrepreneurs,” Journal of Global Entrepreneurship Research, 4 (1) (2014) 1-13.
[9] Obschonka, M., Silbereisen, R. K., & S. Rodermund, E, “Entrepreneurial Intention as Developmental Outcome,” Journal of Vocational Behavior, 77 (1) (2010) 63-72.
[10] Shapero, A., & Sokol, L., “Social Dimensions of Entrepreneurship,” in D. L. C. A. Kent, Encyclopedia of Entrepreneurship (pp. 72-90), Englewood Cliffs, 1982.
[11] Begley, T. & Tan, W., “The Socio-Cultural Environment for Entrepreneurship: A Comparison between East Asian and Anglo Saxon Countries,” Journal of International Business Studies, 32 (3) (2001) 537-553.
[12] Haris, N. A., Abdullah, M., Othman, A. T., & Rahman, F. A., “Exploring the Entrepreneurial Intention Among Information Technology Students,” Information Technology Journal, 22 (2016) 116-122.
[13] Nguyen Doan Chi Luan, “Factors affecting the entrepreneurial intention of university students majoring in Economics in Ho Chi Minh City," Master Thesis, Open University of Ho Chi Minh City, 2012 (in Vietnamese).
[14] Phan Anh Tu & Tran Quoc Huy, “Analysis of factors affecting the intention to start a business of students at Can Tho University of Technology and Technology,” Can Tho University Scientific Journal, 48 (2017) 96-103 (in Vietnamese).
[15] Pham Thanh Cong, “The Influence of Individual Factors on the Entrepreneurial Intention of Young People in Ho Chi Minh City,” Master's Thesis, Ho Chi Minh City University of Technology, 2010 (in Vietnamese).
[16] Mat, S. C., Maat, S. M., & Mohd, N., “Identifying Factors that Affecting the Entrepreneurial Intention among Engineering Technology Students,” Procedia-Social and Behavioral Sciences, 211 (2015) 1016-1022.
[17] Carayannis, E. G., Evans, D., & Hanson, M., “A Cross-cultural Learning Strategy for Entrepreneurship Education: Outline of Key Concepts and Lessons Learned from a Comparative Study of Entrepreneurship Students in France and the US,” Technovation, 23(9) (2003) 757-771.
[18] Shaver, K.G. & Scott, L.R., “Person, process, choice: the psychology of new venture creation,” Entrepreneurship: Theory and Practice, 16 (2) (1991) 23-46.
[19] Ministry of Education and Training, “Higher Education Statistics for the Academic Year 2019-2020,” 2019, https://moet.gov.vn/thong-ke/Pages/thong-ko-giao-duc-dai-hoc.aspx?ItemID=7389 (Accessed 12 January 2020).