Research Study: Degree vs Experience

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Questions and Answers

What is the common question that a senior high school or first-year college student is often asked?

Can I succeed without college or without finishing college?

According to Central Michigan University, what are some advantages of having a bachelor's degree? (Select all that apply)

Better career opportunities (correct)
Networking opportunities (correct)
Personal development and growth (correct)
Developing communication skills (correct)
Higher earning potential (correct)

What did Simpson (2022) argue about the advantages of having hands-on experience in business?

Simpson argued that organizations that embrace experimentation can expect to improve their decision-making and do so on a sustainable basis.

What is the research focus of this study?

The relative importance of formal education and practical experience in the field of business management (A), The relative value of a bachelor's degree versus practical experience (B), How grade 12 students at Holy Angel University perceive entrepreneurial success (C) Signup and view all the answers

Angeles City in the Philippines is known for its diverse range of businesses, dealing with a mix of formal and informal business operations.

True (A) Signup and view all the answers

What percentage of Filipinos hold a bachelor's degree, according to the Philippine Statistics Authority (PSA) study in 2020?

21% Signup and view all the answers

What is the definition of entrepreneurial education?

An education that revolves around the knowledge, skills, and traits relating to the entrepreneurial business toward a student's success. Signup and view all the answers

What are the key aspects of entrepreneurial education that contribute to a student's success?

Curriculums and training that helped to practice the students in the business, including gaining skills, and experience, which also improved one's mentality by learning and practicing the curriculum of education. Signup and view all the answers

What did Khoury and Omran argue concerning the impact of entrepreneurial education on improving the essential skills of small business owners?

Entrepreneurial education had a role in business which had an impact on improving the essential skills that bring effectiveness to become successful entrepreneurs such as small business owners. Signup and view all the answers

How has technology been a great help in expanding the education system to be more accessible?

Technology has been a great help including expanding the education system to be accessible with technology, particularly online education. Signup and view all the answers

What did Hardie et al. (2020) conclude regarding the relevance of education to business?

Hardie et al. (2020) stated that education to business enables them to learn by familiarizing the experience of business by training, preventing them from being confused in business in real life. Signup and view all the answers

Why are students who have a background in business education more likely to be knowledgeable when it comes to business?

Based on the given comparison, the students that have a background in business education are more likely to be knowledgeable when it comes to business. Signup and view all the answers

What are some of the key areas where education plays a role in achieving business success? (Select all that apply)

Eliminating corruption and law violations (A), Designing products and services (B), Analyzing risks (C), Planning effectively (D), Managing technology and production processes (E), Improving career prospects and the ability to achieve business goals (F) Signup and view all the answers

Education plays a significant role in mitigating the risks of corruption and law violations in business.

True (A) Signup and view all the answers

What did Saah (2022) argue concerning the impact of education and training on success?

Saah (2022) concluded that education and training increased the factors in terms of success by upgrading, and maintaining skills, knowledge, and attitudes throughout their working lives. Signup and view all the answers

What are some of the potential disadvantages or challenges faced by business education? (Select all that apply)

Lack of understanding and refusal to learn fundamental entrepreneurial skills (A), Businesses have been closed for extended periods (B), Manufacturing has stopped and resumed (C), Small business owners and employees face financial difficulties (D), Global trade chains have been disrupted (E), Borders have been closed (F) Signup and view all the answers

The study found that lack of intrinsic competence and motivation among students during the pandemic was not a major concern.

False (B) Signup and view all the answers

According to the OECD's 'Employment Outlook 2019' study, what were some of the challenges faced by young people in the labor market? (Select all that apply)

Financial challenges due to a lack of knowledge and unwillingness to acquire basic entrepreneurial skills (A), Underpaid (B), Underemployed (C), Lack of education (D) Signup and view all the answers

What did the study by Baba, Baba, and Iwuoha (2021) find concerning business students at Nigerian polytechnics?

The study found that business students at Nigerian polytechnics lacked some small-scale business abilities, indicating that their education was inadequate for managing small businesses. Signup and view all the answers

The study suggests that the importance of education for achieving business success has diminished in the Philippines due to job market complexity.

False (B) Signup and view all the answers

What key success factors for entrepreneurs did Khoury and Omran identify in their study?

Khoury and Omran identified the key success factors for entrepreneurs, such as psychological traits, managerial skills, and environmental factors. Signup and view all the answers

Choo et al. (n.d.) found that individuals in the aviation industry who have a college degree generally earn less than those without a degree.

False (B) Signup and view all the answers

What did Dumciuviene and Startiene (n.d.) explore in their study of entrepreneurial intention among university students?

Dumciuviene and Startiene (n.d.) explored the relationship between entrepreneurship education and university students' goals for starting their own businesses. Signup and view all the answers

The findings of Dumciuviene and Startiene's study indicated that entrepreneurship education has a negligible impact on students' entrepreneurial intentions.

False (B) Signup and view all the answers

The study found that 77% of students studying economics and 70% of students studying mechanical engineering are oriented toward entrepreneurship.

True (A) Signup and view all the answers

According to Lopez-Garrido (2023), what is the essence of Bandura's self-efficacy theory?

Bandura's self-efficacy theory is a person's unique set of beliefs that influence how successfully they can carry out a plan of action in potential scenarios. More simply stated, self-efficacy is an expectation that one can succeed in a given scenario. Signup and view all the answers

Strong self-efficacy discourages individuals from seeking higher education, as it focuses on practical experience instead.

False (B) Signup and view all the answers

What is the focus of the self-efficacy theory?

The focus of self-efficacy theory is on how communities and people can give a sense of control that will help them achieve their goals. Signup and view all the answers

The input-process-output method is used to develop the conceptual framework of this study.

True (A) Signup and view all the answers

What are the key inputs of this study? (Select all that apply)

Factors influencing the preference of grade 12 students (A), Level of importance of pursuing a bachelor's degree and gaining practical experience (B), Collection and analysis of data (C), Level of perceived advantage and disadvantage of pursuing a bachelor's degree and gaining practical experience (D) Signup and view all the answers

What is the aim of this quantitative study?

The aim of this quantitative study is to examine the level of value of a bachelor's degree versus practical experience in managing a business of grade 12 students at Holy Angel University. Signup and view all the answers

What are some of the specific objectives of this study?

The study seeks to assess the students' preferences, the factors influencing their views, and their level of perceptions of the advantages and disadvantages of each. Signup and view all the answers

What is the overall objective of this study?

To discover the value of a bachelor's degree and practical experience of grade 12 students at Holy Angel University. Signup and view all the answers

What is the scope of this study?

The scope of the study is limited to grade 12 students enrolled at Holy Angel University. Signup and view all the answers

What is the main method of data collection for this study?

Data will be collected through surveys that evaluate the students' level of importance of formal education versus hands-on experience in business management. Signup and view all the answers

This study will solely focus on actual employment or educational outcomes.

False (B) Signup and view all the answers

What is the key rationale for conducting this study?

To gain an in-depth understanding of the level of perception on the value of a bachelor's degree and practical experience of grade 12 students at Holy Angel University. Signup and view all the answers

What are the potential benefits of this study for senior high school students at Holy Angel University?

This study will help students to make well-informed decisions that allow students to make better choices and choose courses of their interest or meet certain goals. They will also appreciate the role of enhancing non-formal experiences that include volunteerism, internships, and vocational training, among others. Students will be able to make proper decisions about their education and job as they will have gained sufficient knowledge of how certain decisions can shape their future. Signup and view all the answers

What benefits could this study provide to educational institutions?

This study would be helpful for educational institutions in understanding students' changing needs and expectations. In order to achieve a supposed positive change in relation to the kind of activities that schools present to students, the latter may make adjustments by using the information at hand in order to prepare students for the workforce and preferences. To better prepare students for the workforce, schools can use the data to modify their activities. Thus, educational institutions are able to stay updated and ensure that, having achieved their academic goals, students come out with the skills and knowledge that would be required in the current workplace, thereby raising the standard of education and increasing students efficiency at workplaces. Signup and view all the answers

How can this study benefit business entrepreneurs?

They can use this study to help them identify and hire skilled individuals who are ready for the position. Through a deeper understanding of young professionals' skills, the study's findings can assist both local and national businesses to make better hiring decisions. Businesses may locate the right candidates more quickly and make sure they are hiring people with the skills necessary for success by knowing what skills are generally found in the workforce. Signup and view all the answers

Flashcards

Book-Smart vs. Street-Smart

Comparing the value of formal education (book-smart) with practical experience (street-smart) in business management.

Bachelor's Degree Value

The perceived importance of a bachelor's degree in a student's business management success.