Essential Business Ethics Needed by Business Education Graduates to Achive Entreprenuerial Success

Abstract

This paper examined the essential business ethics required of Business education graduates to achieve entrepreneurial success. Two research questions and two null hypothesis were formulated for this study. The researchers adopted a descriptive survey design. Area of study was Ebonyi state. The population was 165 Business education graduates (entrepreneurs) operating businesses within the campuses of universities in Ebonyi State. Due to the manageable size of population, the entire 165 Business education graduates (entrepreneurs) were involved as respondents for the study. Hence there was no sampling. The instrument for data collection was a 26 – item structured questionnaire, validated by three experts. The reliability of the instrument was ascertained by Conbach’s Alpha reliability technique which yielded a coefficient of 0.93. Data for the study were collected with the help of four research assistants. Data collected were analyzed using descriptive analyses such as a means, standard deviation and t-test statistics. The result of the study identified essential 11 business ethics required by business education graduates to achieve entrepreneurial success and 15 challenges confronting entrepreneur in achieving success. The result of the hypothesis one tested shows that there was no significant difference in the mean rating of male and female entrepreneurs in the business ethics needed for entrepreneurial success. It was also found from the hypothesis two that the challenges encountered in achieving entrepreneurial success were not significantly different by gender. It was concluded that entrepreneurs needed business ethics for achieving success. It was recommended among others that entrepreneurs should acquire the necessary business ethics before establishing their businesses to avoid premature business death.