Enabling Environment for Entrepreneurship Development Among Business Students in One Institution of Higher Learning in the Philippines

Entrepreneurship is vital in the development of every economy. It is seen as a vital tool for empowering the disadvantaged while also boosting the country’s overall growth and innovation push. This study aimed to determine the enabling environment factors for entrepreneurship development of the respondents in terms of: personal, social, technological, economic, psychological and political-legal; test the significant difference on the enabling factors when grouped according to profile variables and to propose plan of action to enhance the enabling environment factors toward entrepreneurship development. The study used a descriptive method to assess the enabling environment factors that lead to the respondents’ entrepreneurship development. Respondents of the study were the 341 business students. The questionnaire used in the study is self-constructed questionnaire. The questions were anchored on the literature used in the study. Weighted mean and rank were utilized to analyze and interpret the enabling environment factors for entrepreneurship development. Independent Sample t-test and One-way ANOVA was used to test the significant difference of responses on the enabling environment factors when grouped according to profile variables. Results of the study revealed that majority of the respondents are strongly agreed that personal, economic, and technological factors influence entrepreneurship development while they agreed on social, psychological, and political/legal factors. There is no significant difference on the respondents’ assessment on the personal, social, economic, psychological, and political/legal factors that influence entrepreneurship development when respondents are grouped into their age, sex, program, average family income and order of birth. However, the respondents assessed those technological factors influenced their entrepreneurship development when grouped into their average family income. The family income of the respondents greatly affects their technological factors towards entrepreneurship development.

Keywords: Enabling environment, Entrepreneurship Development