EXPLORING THE DETERMINANTS OF ENTREPRENEURSHIP AMONGST GRADUATES IN NIGERIA
REVIEW OF RELATED LITERATURE
In Nigeria both state and federal government are now placing much emphasis on the promotion of indigenous small scale enterprises with a view to encouraging entrepreneurship. This study address critical issues like life aspirations, likely source of financial capital, entrepreneurial orientation, attitude towards work, intention towards becoming an entrepreneur, subjective norms underlying this intention, perceive behavioural control, behavioural beliefs, nor mature belief and control beliefs others. Johannisson (1991) and Auto et al. (1997) scored the positive impacts of students perception of entrepreneurship as a career choice, along with the role played by the research has source the importance of the social status of entrepreneurial activities and situation. Entrepreneurship education and influence both currents behaviour and future intentions. Kolverldmoen (1997) look at the significant differences between students who have taken entrepreneurship courses and those who have not.
2.2 CONCEPTUAL FRAMEWORK
Entrepreneurship has been described as a creative and innovative response to the environment. Meredith et al (1991) looks at and entrepreneur as an individual who has ability to see and evaluate business opportunities, gather the necessary resource to take advantage of them, and initiate appropriate action to ensure success. This turn of events has been mirrored by a rising academic interest in entrepreneurship, understood as the creation and establishment of new independent firms in the early empirical research this interest was very much focused on the psychological characteristics of business founders, although the research was not closely to contemporary development in psychology. A trait approach was oen employed, and almost endless loots of entrepreneurial trait were suggested (Hornaday 1982) it eventually turned out that this line of research was unable to give more than a small fraction of the answer to the question
“what make people found new firm?”
2.3 NEED, SCOPE AND CHARACTERISTICS OF ENTREPRENEURSHIP
Entrepreneurship was been recognized as an essential ingredient of economic development. In the early 16th century in France, the term entrepreneur was used for army leaders. It was applied to their business for the first time 18th century to designate a leader who buys and sells goods at certain prices.