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Evaluating the Critical Success Factors for Entrepreneurial Intention among Higher Education Students in Philippines

Kay Hooi Keoy, Su Mon Chit, Hwee Ling Siek, Yung Jing Koh, Raymond Eng Ping Lo, Japos Genaro

One of the determinants of a country's development and economic growth is entrepreneurship development. Therefore, it is critical to stimulate and encourage the participation of entrepreneurship to create competitive advantages in the global market. Besides, students are known as the future pillar, and promoting entrepreneurship through education is the best way to shape students' attitudes and mindsets toward entrepreneurship. There is growing interest in the impact of education on entrepreneurial success while the influence of technological enablement remains less. Empirical studies proved that entrepreneurship education has an important relationship with the entrepreneurial success on the higher education students. Besides, studies show that technological enablement has been the main determinant in shaping higher education students' entrepreneurial intention. This is because technology has a huge role in people's daily life as well as the virtual support for students' online study during COVID-19 pandemic. This research adopts the Philippines as the research sample, investigating the influence of entrepreneurial education and technological enablement on students' entrepreneurial intention. There are 304 data collected from higher education in the Philippines. The result generated indicated that the entrepreneurial success elements (entrepreneurial education mechanism, entrepreneurial intention and technological enablement) have a critical influence on students' entrepreneurial success. Moreover, it also demonstrated a larger impact of technological enablement on entrepreneurial success. Hence, the stakeholder such as institutions and government agencies can understand the importance of the entrepreneurial success elements and provide supportive strategies to build students' competitiveness.