Young Entrepreneurs: Motivational Factors Encouraging the Hospitality Student’s of Lyceum of the Philippines University Manila

Abstract

Hotel and Restaurant Administration (HRA) is known to be one of the most diverse courses in the hospitality industry as this course offers a wide variety of employment opportunities. Let alone from the Lyceum of the Philippines University Manila-the top university for the hospitality industry. Universities had been the main platform of student's in building up themselves, and their career in the future, and institutions such as, does not only want to mold and shape student's in becoming the perfect employee, but rather a capable and entrepreneur; this research looked into what motivated the HRA students of Lyceum of the Philippine University Manila in building up their own business, considering the secure employment due to the institution's reputation, and wide local and international affiliation it offers after graduation, among the three motivational factors: social reasons, economic reasons, and personal reasons. The study only focused on the 57 total population of the said batch, which, was accumulated from the school's registrar, and had been narrowed (by the researchers) to 50 total respondents'. The researchers made use of a quantitative research design, specifically a descriptive-survey one, as survey (Likert scale) was used. As the study had only focused on a specific population, a purposive sampling technique was used, and in order to complete the 50 respondents, recommendations from respondent to respondent was practiced; the study showed two different outcome, as it was determined that 1 st , majority of the student's were motivated by personal reasons, (2 nd ) however, in terms of influence economic reasons ranked the highest among the three.