Home⇛Psychology and Education: A Multidisciplinary Journal⇛vol. 6 no. 11 (2023)

Prerequisite Skills in Business Enterprise Simulation of Accountancy, Business, and Management Students

Ralph Pespeñan | Jayson Cababat | Jonel Garma

Discipline: Education

 

Abstract:

Entrepreneurship is the capacity for people to identify the kinds of goods and services that are required and should be provided to the appropriate audience at the appropriate time and at the appropriate cost. The research aimed to determine the personal mastery level of prerequisite skills in the business enterprise simulation of Grade 12 Accountancy, Business, and Management (ABM) students. A descriptive-survey research design engaging in a descriptive approach was utilized in this study with 110 students responding using Slovin’s formula. This study utilizes a weighted mean in analyzing the responses gathered. Based on the findings the student’s categorized their personal mastery level in terms of research skills, strategic skills, marketing skills, operating skills, and financial skills that as least mastered which clearly implies that the competencies in prerequisite skills in business enterprise simulation are learned but limited due to unavailability of hands-on experiences and different learning modalities. The researchers concluded that developing viable teaching strategies and interventions must be given corresponding attention to enable the student and equipped them in managing their personal future businesses



References:

  1. Adenutsi, D. E. (2009). Entrepreneurship, job creation, income empowerment and poverty reduction in low-income economies. https://bit.ly/3G63kUy
  2. Al Mamun, A., Fazal, S.A. and Muniady, R. (2019), "Entrepreneurial knowledge, skills, competencies and performance: A study of micro-enterprises in Kelantan, Malaysia", Asia Pacific Journal of Innovation and E n t r e p r e n e u r s h i p , V ol. 13 N o. 1, pp. 2 9 - 48. https://doi.org/10.1108/APJIE-11-2018-0067
  3. Alusen, M. L. V. (2016). Personal entrepreneurial competencies of LPU-Laguna BSBA graduating students: Basis for curriculum enhancement. LPU–Laguna Journal of Multidisciplinary Research, 4(4), 92-105. https://bit.ly/3YSgMUs
  4. Avramenko, A. (2012), "Enhancing Students' Employability through Business Simulation",Emerald Group Publishing Limited, Education & Training, v54 n5 p355-367 2012. https://bit.ly/3FZRueo
  5. Buitrago, L., Delantar, A. F. ,Polinar, M. A. & Buntigao, J.L. (2022). Entrepreneurial Competencies of Accountancy, Business, and Management Students in a Private Institution. JPAIR Multidisciplinary Research.DOI:10.7719/jpair.v47i1.572
  6. Campbell, B.A., Ganco, M., Franco, A.M. and Agarwal, R. (2012), “Who leaves, where to, and why worry? Employee mobility, entrepreneurship and effects on source firm performance”, Strategic Ma na gement J ourna l, Vol. 33 No. 1, pp. 6 5-87. DOI:10.1002/SMJ.943
  7. Cant, M. (2012). Challenges faced by SMEs in South Africa: Are marketing skills needed?. International Business & Economics R e s e a rc h J ourna l (IB ER ), 11(10), 1 1 07 - 1116. DOI:10.19030/iber.v11i10.7256
  8. Chinen, K., & Endo, H. (2012). Effects of Attitude and Background on Students' Personal Financial Ability: A United States Survey. The International Journal of Management, 29, 778. https://bit.ly/3hX90rE
  9. Fatoki, O. (2014). The Financial Literacy of Micro Entrepreneurs in South Africa. Journal of Social Sciences, 40, 151 - 158. DOI:10.1080/09718923.2014.11893311
  10. Garma, J & Nacorda R. F., (2022). Business Communication Skills of Home Economics Students, Psychology and Education: A Multidisciplinary Journal, 6(1): 23-29 DOI:10.5281/zenodo.7424082
  11. González-López, M.J., Pérez-López, M.C. & Rodríguez-Ariza, L. From potential to early nascent entrepreneurship: the role of entrepreneurial competencies. Int Entrep Manag J 17, 1387–1417 (2021). https://doi.org/10.1007/s11365-020-00658-x
  12. Kim, G., Shin, B., Kim, K.K. and Lee, H.G. (2011), “IT capabilities, process-oriented dynamic capabilities, and firm financial performance”, Journal of the Association for Information Systems, Vol. 12 No. 7, pp. 487-512. DOI:10.17705/1jais.00270
  13. Louise, V. S. (2011). SME marketing skills challenges in South Africa. African Journal of Business Management, 5(13), 5048-5056. https://bit.ly/3PWShBm
  14. Morgan, N.A., Vorhies, D.W. and Mason, C.H. (2009), “Market orientation, marketing capabilities, and firm performance”, Strategic Management Journal, Vol. 30 No. 8, pp. 909-920. DOI: 10.12691/jbms-3-4-2
  15. Oganisjana, K., & Koke, T. (2012). Does Competence-Oriented Higher Education Lead to Students ‘Competitiveness? Engineering Economics, 23(1), 77-82. http://dx.doi.org/10.5755/j01.ee.23.1.1228
  16. Parente, D.H., Stephan, J.D. and Brown, R.C. (2012), "Facilitating the acquisition of strategic skills: The role of traditional and soft managerial skills", Management Research Review, Vol. 35 No. 11, pp. 1004-1028. https://doi.org/10.1108/01409171211276918
  17. Phelan, C. and Sharpley, R. (2012),“Exploring entrepreneurial skills and competencies in farm tourism”, Local Economy: The Journal of the Local Economy Policy Unit, Vol. 27 No. 2, pp. 103-118.DOI:10.1177/0269094211429654
  18. Sousa, M. J., Almeida, M. D. R., Mastorakis, N. E., Pardalos, P. M., & Katehakis, M. N. (2014). Entrepreneurial skills development. R e c e n t A d v a n c e s in A p p l i e d E c o n o m i c s , 135 -139.https://bit.ly/3i0O tT1
  19. Tapera, J. (2014). The importance of strategic management to business organizations. TIJ's Research Journal of Social Science & Management - RJSSM.https://bit.ly/3VwhRyc
  20. Urban, B. and Naidoo, R. (2012), "Business sustainability: empirical evidence on operational skills in SMEs in South Africa", Journal of Small Business and Enterprise Development, Vol. 19 No. 1, pp. 146-163. https://doi.org/10.1108/14626001211196451
  21. Usama, K. M., & Yusoff, W. F. W. (2018). The relationship between entrepreneurs’ financial literacy and business performance among entrepreneurs of Bauchi State Nigeria. International Journal of Entrepreneurship and Business Innovation, 1(1), 15-26. https://bit.ly/3hZAdtW

Tools


Copyright © 2024  KITE Digital Educational Solutions |  Exclusively distributed by CE-Logic