Authors: Geziel L. Timcang, and John Andre A. Tapic
gezieltimcang20@gmail.com and tapicjhonandre@gmail.com
Philippine Electronics & Communication Institute of Technology Inc.
Butuan City, Philippines
Co-Author: Mariam Kristine A. Sanico,MBA
Dean, College of Business Management Education
mariamkristineabdulkadil@gmail.com
https://orcid.org/0000-0002-0713-834X
Keywords: Entrepreneurial Ventures, Innovation, Intellectual Property Right, Leadership, Passion and Interest, Responsiveness to Opportunities, Scalability, Tolerance of risk, Descriptive-correlational design, Philippines
ABSTRACT
This study investigated the perception of Bachelor of Science in Business Administration students at Philippine Electronics & Communication Institute of Technology, Butuan City, on innovation and entrepreneurial ventures. A descriptive correlational research design was employed to explore the relationship between various factors, such as creativity, risk tolerance, and leadership, and their impact on entrepreneurial intent. A purposive sampling technique was used to select 100 BSBA students from the first to fourth-year levels, with 25 students randomly selected from each year level using a fishbowl method. A survey questionnaire was used to gather the data. Frequency and Percentage, Mean, and Pearson-r were used in the data analysis. The findings revealed that BSBA students exhibited a strong inclination towards innovation, particularly in creativity, risk tolerance, leadership, and intellectual property rights, but showed a slightly lower perception of responsiveness to opportunities, highlighting the need for more exposure to market-driven innovation. Additionally, students demonstrated high entrepreneurial intent, especially in scalability and financial planning, yet faced challenges related to market size and demand, indicating the necessity for practical experience in market research and customer acquisition. A significant positive correlation was found between students’ perception of innovation and their entrepreneurial ventures, particularly in creativity, risk-taking, and leadership, suggesting that fostering an innovative mindset can enhance their likelihood of pursuing entrepreneurial activities. The study concludes with recommendations for educational institutions and policymakers to foster a more entrepreneurial mindset among students.
