Entrepreneurial Spirit and Characteristics of Higher Education Students

Lorelie B. Marquez¹, Gilbren Jane C. Apostol^1, and Mary Joy E. Gumayagay¹

¹College of Information Technology and Computing Sciences Bachelor of Science in Office Administration Faculty

Cite this paper:
Lorelie B. Marquez, Gilbren Jane C. Apostol and Mary Joy E. Gumayagay. Entrepreneurial Spirit and Characteristics of Higher Education Students. International Journal of Econometrics and Financial Management. 2026; 13(1):1-8. doi: 10.12691/ijefm-13-1-1

Abstract

This study delves into evaluating the entrepreneurial spirit and personal traits of 210 BSOA students at QSU, gauging their perceptions on Achievement Orientation, Risk-Taking Behavior, and Innovation Characteristics. By examining the comparison of entrepreneurial spirit and personal traits across different profiles, it aims to discern notable patterns. Employing a quantitative cross-sectional research method, data was gathered and analyzed at a specific juncture, offering insights into the respondents' entrepreneurial spirit and characteristics. Ultimately, the study revealed that respondents tend to prioritize further education in entrepreneurship before venturing into business ownership, indicative of their inclination towards acquiring knowledge and skills. Additionally, the study found that the respondents showed a strong inclination towards independence, a trait that stood out among them. They also tended to strongly identify with Achievement Orientation, aligning closely with their overall disposition. However, their perception of Risk-Taking Behavior and Innovation Characteristics was not as strong. The study also uncovered significant differences in these entrepreneurial characteristics based on the respondents' gender. Specifically, there were notable variations in Achievement Orientation when considering socio-economic status, and in Risk-Taking Behavior when looking at the students' curriculum year. Based on these findings, the researcher suggests providing free educational programs aimed at bolstering entrepreneurial spirit and traits such as Achievement Orientation, Risk-Taking Behavior, and Innovation Characteristics. Furthermore, there's a call for further investigation into other aspects of entrepreneurial spirit and characteristics.

Keywords:
Entrepreneurship Entrepreneurial Spirit and Characteristics Achievement Orientation Risk-Taking and Innovation

This work is licensed under a Creative Commons Attribution 4.0 International License. To view a copy of this license, visit http://creativecommons.org/licenses/by/4.0/

References:

[1]	Fauchart and Gruber, 2011, Developing attitudes and intentions among potential entrepreneurs", Journal of Enterprise Information Management; 28 (2); 304 – 322.
[2]	Bogatyreva, L., et.al., 2019, When do entrepreneurial intentions lead to actions? The role of national culture, Journal of Business Research, Vol. 28, 309-321, ISSN 0148-2963.
[3]	Ping Li 1 and , (2021), Influence of Entrepreneurial Psychology and Spirit on the Cultivation of Students’ Entrepreneurial Values and Ability Under the New Media, Frontiers in Psychology.
[4]	Fayolle, A., & Gailly, B. (2015). The impact of entrepreneurship education on entrepreneurial attitudes and intention: Hysteresis and persistence. Journal of Small Business Management, 53(1), 75–93.
[5]	Nabi, G., Liñán, F., Fayolle, A., Krueger, N., & Walmsley, A. (2017). The impact of entrepreneurship education in higher education: A systematic review and research agenda. Academy of Management Learning & Education, 16(2), 277–299.
[6]	Ched Memorandum Order 19, s. 2017, Revised Policies and Standards for Bachelor of Science in Office Administration, retrieved: https://ched.gov.ph/wp-content/uploads/2017/10/CMO-19-s-2017.pdf.
[7]	Singer, S., et.al., 2014, Global Entrepreneurship Monitor, 2014 Global Report, retrieved: C:/Users/Lenovo/ Downloads/ 1425644863GEM_2014_Global_Report_UPDATED_060315.pdf.
[8]	Bieri, NR., (2016), Developing Filipino Entrepreneurs: Case-By-Case, RTI International, retrieved: .
[9]	Nolasco, D., et.al., (2022), The Perks of Online Selling: Shared Experiences and Defying Challenges. Journal of Education, Society and Behavioral Science, 35 (12), 27-35.
[10]	Bautista, R.G. & Marcelo, M.V. (2015). The entrepreneurial spirit and intent of Business Ad-ministration students. Journal of Technology, Business Education and Interdisciplinary Studies, 1 (2), 1-11.
[11]	Badawi, S., Reyad, S., Khamis, R., Hamdan, A., & Alsartawi, A. (2019). Business education and entrepreneurial skills: Evidence from Arab universities. Journal of Education for Business, 94, 314 -323.
[12]	Leathwood, C. (2006). Gender, equity and the discourse of the independent learner in higher education. Higher Education, 52, 611-633.
[13]	Wirth, K., 2022, Reasons People don’t Start Business and How to Overcome them, LivePlan, retrieved: .
[14]	Grome, J., 2021, The Importance of Taking Risks in Business, Forbes Business, retrieved: .
[15]	Miller, K., 2020, Characteristics of Successful Entrepreneurs, Business Essentials, Entrepreneurship & Innovation, retrieved: .
[16]	Premuzic, T. C., 2013, The Five Characteristics of Successful Innovators, Harvard Business Review, retrieved: .
[17]	Elting, L., 2021, More and more Women are starting business. Why is that so surprising? Forbes Leadership, retrieved: .
[18]	Bailey, M., 2019, Are Women Better Goal Setters than Men? Or vice versa? My Big Idea, retrieved: https:// pulse/women-better-goal-setters-than-men-vice-versa-michele-bailey.
[19]	Azizi, M., et.al., 2017, The Effect of Individual Factors, Socioeconomic and Social Participation on Individual Happiness: A Cross-Sectional Study, Journal of Clinical & Diagnostic Research; 11 (6), VC01-VC04.
[20]	Beardwood, J. & Pope, E., 2020, Reasons why Women make Great Business Owners, retrieved: .
[21]	Mata, R., et.al., 2012, Age differences in Risky Choice: A Meta-analysis, National Library of Medicine, 1235; 18-29.
[22]	Price, S., 2017, As Entrepreneurship Thrives, Women are Starting mor Innovative Businesses than Men, Forbes Business, retrieved: https://www.forbes.com/sites/susanprice/2017/11/15/as-entrepreneurship-thrives-women-are-starting-more-innovative-businesses-than-men/?sh=66577ed13da.