| Pub. Date | : October, 2021 |
|---|---|
| Product Name | : The IUP Journal of Organizational Behavior |
| Product Type | : Article |
| Product Code | : IJOB241021 |
| Author Name | : P Venkateswarlu |
| Availability | : YES |
| Subject/Domain | : Arts & Humanities |
| Download Format | : PDF Format |
| No. of Pages | : 7 |
This paper was conceptualized with an objective to identify the entrepreneurial intentions among the students pursuing engineering degree and to assess the influence of the stream, such as Electronics and Communication Engineering, Computer Science Engineering, Mechanical Engineering and Civil Engineering. Ajzen's Theory of Planned Behavior was applied to assess the behavioral intentions of the students pursuing engineering degree. The results indicated that no influence of stream was found on the entrepreneurial intentions of the students. However, students pursuing mechanical engineering and civil engineering had shown higher degree of attitude towards entrepreneurship as their career.
Entrepreneurship essentially comprises two important aspects: acumen to create a business venture and risk-taking propensity. An entrepreneur is an individual who is driven by the desire to innovate and create business idea, products and services and anticipate the risk and rewards involved in the business. They are expected to encounter challenges and hardships related to market contingencies, regulatory issues or raising financial resources. Entrepreneurship calls for immense passion and perseverance as it involves several factors, such as predicting the market uncertainties, bureaucratic glitches, financial quandaries and risks. Entrepreneurs need to be possessing resilience, self-efficacy and propensity to take high risks. Characteristics such as enterprise, ambition, providence, competitiveness, appetite for success coupled with aptitude to face the competition are indispensable to the entrepreneur. Entrepreneurs create wealth, generate employment opportunities and enhance quality of life for larger public. They also stimulate the socioeconomic development of the country. The roles played by the entrepreneurs in the country's economic growth are multifold such as improving the quality of life through innovation of new products and services; creating employment at various levels; and to cater to the needs of the global markets.