Impact of Entrepreneurial Involvement and Background on Entrepreneurial Intention of Undergraduates in Selected Universities in Southwest Nigeria

In recent times, due to limited job employment opportunities, low income, economic downturn of some developing economies amongst others, the desire to own a business or become self-employed has increased tremendously. Entrepreneurship focuses on the generation of an idea into a profitable venture. But the Intentions of such individuals are backed up with some notable orientations such as entrepreneurship education awareness, family background, environment, educational background and so on. This study examines the implication of entrepreneurship orientation on entrepreneurial involvement and background on one hand and how family background influence entrepreneurial intention on the other hand. The survey research design was adopted for the study under investigation. Students of some selected tertiary institutions in Oyo State (Lead City University and First Technical University, Ibadan) were randomly selected to form the population of this study. A randomized sampling method was adopted in choosing the population size for the study. 90 students were randomly selected from the First Technical University, Ibadan and 90 students from the Lead City University, Ibadan. Primary method of data collected was adopted for this study through the administration of structured questionnaire. Cronbach Alpha coefficients ranging from 0.781 to 0.892 was used to validate the questionnaire. The study also made use of relevant information from articles, journals and various online resources. Results from the study indicated that entrepreneurial orientation has a positive significant effect on entrepreneurial orientation of undergraduates and that significant relationship exists between family background and entrepreneurial intentions of undergraduate students. The study made recommendations to the university managements, university undergraduate students, young entrepreneurs, entrepreneurship educators and trainers, university based business incubators and the society at large.