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Key words: university students, entrepreneurship, entrepreneurial characteristics, future development, University of Dubrovnik
ABSTRACT
Entrepreneurship is one of the main generators of economic growth which helps in employment of young educated people. Students are the generators of future development and their perceptions and attitudes of entrepreneurship could considerably determinate the future business activity. In this context the formal education represents one of the possible ways of entrepreneurship endorsement. Ideas of young population could contribute to enterprises with their innovations, creativity and tendencies to organizational change. Recognition of the specific components of students' entrepreneurial characteristics offers sizable diagnostic power for future entrepreneurship behaviour. Therefore, it is necessary to understand the process of leading to became advance entrepreneur and several important factors that significant influence on student entrepreneurship attitudes.
The purpose of this paper is to investigate entrepreneurial characteristics of students from the University of Dubrovnik as a key for the future development. The research instrument was survey questionnaire. The empirical research is conducted on students of business economics and who are expected to enter in the process of entrepreneurship.
1. INTRODUCTION
Entrepreneurship is a process of action an entrepreneur undertakes to establish a business organization which provides goods and services, creates jobs, and contributes to national income and overall economic development (Sethi, 2008). Being an entrepreneur, one who is self-employed and who initiates, organizes, manages and takes responsibility for business, provides a personal challenge that many individuals prefer over being an employee working for someone else. The development of entrepreneurial talent is important to sustaining a competitive advantage in a global economy that is catalyzed by innovation.
Entrepreneurs accept the personal and financial risks that go with owning a business but they also benefit directly from the potential success of business (Segal et al., 2005). Being an entrepreneur is correlated with the uncertainty, risk, hard work and persistence, some new creations and improvements which often lead to pressure, stress and frustration. In order to cope with these problems the entrepreneur has to be prepared.
In recent years, fostering entrepreneurship has become a topic of the highest priority in public policy in most industrial countries. Fostering entrepreneurship through education and training has also received increasing attention from the Universities in many countries. In this context, well-educated...