IDENTIFICATION OF FACTORS INFLUENCING ENTREPRENEURIAL INTENTIONS OF ACADEMIC INSTITUTIONS GRADUATE
Keywords:Entrepreneurship, Unemployment, Business Intention, Interpretive Structural Modeling, Business Management, Career Choice, Business Administration
The research has been targeted to identification of factors influencing entrepreneurial intentions of academic institutions graduates. The subject of entrepreneurship is necessary to eliminate the unemployment rate. There are many factors that are impacting the enterprise development such as market opportunitiesand the need for achievement, the university's internal environment of education, self-efficiency, and family background. The research methodology is based on the ISM Micmac Model to make the decision that which factors are highly affecting the entrepreneurial intentions of academic graduates. There are a total of 8 steps of the model, and each indicates how variables can be derived and their relationship. Amap is developed based on the levels of the transitivity. The links are removed, and then modified to develop the ISM model. It has been observed that those who are having specific entrepreneurial skills are more innovative and ambitious to get their path and development in a specific direction. Those who are not having the technical and non-technical skills based on entrepreneurship are not determined to get those things that they want. The government should provide the financial support as to increase the wiliness among the students to start their business. The introduction of technology and awareness seminars must be conducted to highlight the importance of starting one’s own business.