Entrepreneurship Education Influencing Entrepreneurial Intentions of Business Students

Abstract

Entrepreneurship education is essential for equipping students with the necessary skills and confidence to pursue entrepreneurial opportunities, thereby encouraging their engagement in entrepreneurial activities. This study investigates the influence of entrepreneurship education on the entrepreneurial intentions of business students in Cebu City, Philippines, focusing on perceived desirability, perceived feasibility, and the propensity to act. It emphasizes how education shapes students' entrepreneurial aspirations while addressing the challenges they face.
A quantitative research design was employed, using Structural Equation Model (SEM) in the analysis of data collected from 300 business students from three different universities namely; University of San Carlos, University of San Jose-Recoletos, and Cebu Technological University. The data were collected using a structured questionnaire that captured demographic information, major constructs, and perceived barriers. It helped in determining the effects of entrepreneurship education on entrepreneurial intention directly and indirectly.
The present study demonstrates that entrepreneurship education strongly influences students' perception of the subject as desirable and increases their intention to pursue entrepreneurial activities. These factors positively impact entrepreneurial intentions. Although perceived feasibility is moderately affected by education, it does not directly contribute to entrepreneurial intentions in this context. Key barriers identified include lack of capital, fear of failure, and market competition.
This study underscores the importance of experiential learning methods, such as mentorship programs and business simulations, in enhancing the effectiveness of entrepreneurship education. By addressing perceived obstacles and promoting proactive attitudes, educational institutions can better prepare students for entrepreneurial success. The findings provide practical insights for designing educational programs that inspire and support aspiring entrepreneurs.