SBANC
Newsletter
July
18, 2006
Issue 430-2006
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QUOTE
"In
life and business, there are two cardinal sins.. The first
is to act precipitously without thought and the second is to
not act at all."
-- Carl
Icahn
|
FEATURE
PAPER
Predicting
the Entrepreneurial Intentions of Non-Business Majors: A Preliminary
Investigation
The
following paper was presented at the 2006 USASBE/SBI Joint Conference
in Tucson, Arizona. It was written by Barbara J. Frazier of Western
Michigan University and Linda S. Niehm of Iowa State University.
Abstract
This
paper reports preliminary results of an ongoing project to profile
entrepreneurial intentions
of Family and Consumer Sciences (FCS) majors. The study used a
self-administered
questionnaire to explore the influence of vicarious experience,
entrepreneurial orientation, image
of entrepreneurship, and subjective norms on EI in a non business
student sample. Students who
expressed stronger interest in entrepreneurial careers are proactive,
creative, opportunity seeking,
confident, and have a positive image of entrepreneurship. Students’ major,
family occurrence of
entrepreneurship, and internship experience influenced entrepreneurial
intentions. Results can be
applied to policy and curriculum development in efforts to disseminate
enterprise education
across the university.
Indtroduction
This paper profiles
antecedents of entrepreneurial intentions (EI) of Family and Consumer
Sciences (FCS) majors. The study focuses on the influence of vicarious
experience,
entrepreneurial orientation, attitudes toward self employment and
subjective norms on EI.
The theory of planned behavior has been used successfully to predict
entrepreneurial intentions
(Krueger and Carsrud, 1993). The theory posits that intentions are
an antecedent to
entrepreneurial behavior. The model suggests that a person’s attitude
toward becoming an
entrepreneur, subjective norms (perceptions of others), and behavioral
control are antecedents of
intention. The more favorable the attitudes and subjective norms,
and the greater the perceived
behavioral control, the stronger the intention to perform the behavior.
The study used a self-administered questionnaire to capture information
from 129 undergraduate
FCS students. Results showed that self efficacy and positive attitudes
about entrepreneurship as a
career choice are related to strong levels of entrepreneurial intention.
Opportunity seeking
behaviors, a creative mindset, and a proactive disposition also seem
to predict stronger levels of
entrepreneurial intention among FCS students. Students’ choice of major
influenced EI, with
family studies and apparel majors showing the strongest intentions.
Students with one or more
self-employed family members were more likely to report weak EI compared
to students with no
self employed family members. Students who had completed an internship
were less likely to
look favorably at entrepreneurship as a career choice than those
who had not completed an
internship. Profiling the entrepreneurial attitudes of college students
outside of traditional majors
is an important step in the diffusion of entrepreneurship education
on college campuses. The
emphasis on university-wide programs that attract nontraditional
audiences means that educators
must have information that helps them to plan policy, curriculum
and resources to best meet
future entrepreneurs’ needs.
Read
the Entire Paper...
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CONFERENCES
COC
|
| Who: |
Conference
Organising Committee
|
| What: |
The
International Conference on the Arts in Society
|
| Where: |
The
University of Edinburg in Scotland |
| When: |
August
15-18, 2006 |
|
|
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EFMD
|
| Who: |
European
Foundation for Management Development
|
| What: |
EFMD
36th EISB Conference
|
| Where: |
Southampton,
UK |
| When: |
September
6-8, 2006 |
|
|
|
IABE
|
| Who: |
International
Academy of Business and Economics
|
| What: |
IABE-2006
Annual Conference
|
| Where: |
Las
Vegas, Nevada, USA |
| When: |
October
15-18, 2006 |
|
|
|
CEE
|
| Who: |
Consortium
for Entrepreneurship Education
|
| What: |
24th
Annual Entrepreneurship Education Forum
|
| Where: |
Phoenix,
Arizona, USA |
| When: |
November,
2006 |
|
|
|
IBAM
|
| Who: |
Institute
of Behavioral and Applied Management
|
| What: |
14th
Annual IBAM Conference
|
| Where: |
Memphis,
Tennessee, USA |
| When: |
October
5-7, 2006 |
|
|
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CALLS FOR PAPERS
WBM
|
| Who: |
Western
Business and Management
|
| What: |
WBM
2006
|
| Where: |
Sam's
Town Casino & Resort: Las Vegas, Nevada, USA |
| When: |
October
15-17, 2006 |
Submission
Deadline:
August 3, 2006
|
|
|
|
SoftWars
2006
|
| Who: |
SoftWars
2006
|
| What: |
Conference
on Social and Ethical Impact of Technology
|
| Where: |
University
of Minho, Guimaraes - World Heritage, Portugal |
| When: |
September
13-15, 2006 |
Submission
Deadline:
August 10, 2006
|
|
|
|
ISOBD
|
| Who: |
International
Society of Business Disciplines
|
| What: |
Fall
Conference
|
| Where: |
Flamingo
Hotel - Las Vegas, Nevada, USA |
| When: |
November
5-8, 2006 |
Submission
Deadline:
August 31, 2006
|
|
|
|
ASC
|
| Who: |
American
Society for Competitiveness |
| What: |
International
Conference on
Emerging Competitiveness Paradigms
|
| Where: |
Goa,
India |
| When: |
January
11-12, 2007 |
Submission
Deadline:
September 1, 2006
|
|
|
|
ACME
|
| Who: |
Association
of Collegiate Marketing Editors |
| What: |
2007
Annual Meeting
|
| Where: |
San
Diego, California, USA |
| When: |
March
13-17, 2007 |
Submission
Deadline:
October 1, 2006
|
|
|
|
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TIP
OF THE WEEK
Legal Aspects
of Franchising
An entrepreneur should
not sign a franchise contract without the advice of a competent attorney.
Only an attorney can properly analyze the legal documents that are required
for a franchise arrangement. These documents are covered in the Federal
Trade Commission Franchise Rule.
FTC Rule - The FTC states the following purpose for the Rule: "The Rule is designed to enable potential franchises to protect themselves before investing by providing them with information essential to an assessment of the potential risks and benefits, to meaningful comparisons with other investments, and to further investigation of the franchise opportunity."
The degree to which the interests and actions of each employee
support the clearly stated and communicated key goals of the
organization.
Rule Requirements -
The Rule imposes six requirements in connection with the "advertising, offering, licensing, contracting, sale, or other promotion" of
a franchise in or affecting commerce.
1.
Basic Disclosures -
The Rule requires franchisors to give potential investors a basic
disclosure document at the earlier of the first face-to-face
meetings or ten business days before any money is paid or
an agreement is signed in connection with the investment.
2.
Earnings Claims - If a franchisor makes earnings
claims, whether historical or forecasted, they must have
a reasonable basis, and prescribed substantiating disclosures
must be given to a potential investor in writing at the same
time as the basic disclosures.
3. Advertised
Claims -
The Rule affects only ads that include an earnings claim. Such
ads must disclose the number and percentage of existing
franchises who have achieved the claimed results, along
with cautionary language. Their use triggers required compliance
with the Rule's earnings claim disclosure requirements.
4. Franchise
Agreements -
The franchisor must give investors a copy of its standard-form
franchise and related agreements at the same time as the
basic disclosures, and final copies intended to be executed
at least five business days before signing. The degree to
which new ideas are welcomed from all sources and responded
to promptly and appropriately.
5. Refunds -
The Rule requires franchisors to make refunds of deposits
and initial payments to potential investors, subject to
any conditions on refundability stated in the disclosure
document.The degree to which all levels of the organization
are engaged with the customer and the operations of the
organization.
6.
Contradictory Claims -
While franchisors are free to provide investors with any
promotional or other materials they wish, no written
or oral claims may contradict information provided
in the required disclosure document.
| Jerry
W. Moorman and James W. Halloran Successful Business Planning for Entrepreneurs
1nd Thomson South-Western Corporation. 2006 Page 57. |
ANNOUNCEMENTS
Campus Technology
2006 Conference
This summer, learn
from your peers during interactive, team-presented
sessions at Campus Technology 2006. This is the education technology
conference that will give you the tools you need to evaluate, plan,
and
implement technology solutions across the institution.
You'll have full access to speakers during and after the uniquely
formatted sessions, plenary panels, and keynote. Join your peers
for
special topic dinners, network at the Exhibit Hall reception, and
more.
There's no better way to learn!
The 13th Annual Summer
Conference on Education Technology will be held July 31-August
1 at the Sheraton Boston Hotel in Boston, Massachusetts.
For complete details and how to register, go to: http://info.101com.com/default.aspx?id=28384
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The
SBANC Newsletter is provided as a service to the members of our
affiliates: Academy of Collegiate Marketing Educators (ACME), Association
for Small Business & Entrepreneurship (ASBE), Federation of
Business Disciplines (FBD), International Council for Small Business
(ICSB), Institute for Supply Management (ISM), The International
Small Business Congress (ISBC), Marketing Management Association
(MMA), Small Business Administration (SBA), Service Corps of Retired
Executives (SCORE), Small Business Institute (SBI), Society for
Marketing Advances (SMA), United States Association for Small Business & Entrepreneurship
(USASBE), U.S. Department of Veterans Affairs (VA).. If you are
interested in membership or would like further information on one
of our affiliates, please see our web site at http://www.sbaer.uca.edu
SBANC STAFF
Main Office Phone: (501) 450-5300
Dr.
Don B. Bradley III, Executive Director of SBANC & Professor
of Marketing;
Direct Phone: (501) 450-5345
Brandon
Tabor, Development Intern
Tyler
Farrar, Development Intern
Garion
McCoy, Development Intern
Casey Thomson, Development Intern
To subscribe or unsubscribe to the
SBANC Newsletter, please E-mail SBANC at sbanc@uca.edu
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