Acta Universitatis Danubius. Œconomica, Vol 12, No 1 (2016)

Abstract

Objective This study essentially sought to determine the existence or otherwise of entrepreneurial intentions among the students. Approach This quantitative study was executed from a realist’s ontological perspective and its epistemological leaning is towards that of an empiricist.  The study collected data in a cross-sectional manner from a random sample of 150 students drawn from a leading South African University of Technology.  In analyzing the data, there was recourse to the use of descriptive as well as inferential statistics. Results Interestingly, results show no statistically significant relationships between students’ entrepreneurial intention and selected socio-demographic variables. Generally, students suggested that their main motivations for desiring to turn to entrepreneurship were linked to the factors of ‘personal fulfillment’, ‘becoming one’s own boss, ‘making money’, and ‘taking up a challenge’. The study also revealed that the main barriers to entrepreneurship quest from a student’s perspective include ‘a lack of financial resources’, ‘a lack of support and assistance’, and ‘an unfavourable economic climate’. A slice of the findings of the study points to the fact that entrepreneurship education acts a significant stimulant for students’ decision to become entrepreneurs. Implications/value Among other things, this study therefore recommends that ample emphasis needs to be placed on entrepreneurship education and practical entrepreneurship schemes (such as mentorship programmes) in South African universities, if the country is to realise the goal of having a productive and virile youth population, which would represent a significant shift from today’s yawning youth unemployment position.