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Almost 70 percent of the students in the third academic year who responded to the
questionnaire pointed out that their knowledge of entrepreneurship was of the average or
low level. The largest number of the respondents who stated the best knowledge of
entrepreneurship was at the Faculty of Arts and Creative Technologies (33 percent) and
Faculty of Health Care (44.8). A feature of the Lithuanian business is that there are no family
business traditions. There are not so many young people who gain knowledge and skills of
doing business while working at their family business.
Figure 2. Experience of doing business.
The results of the research show that most students don’t have experience on how to create
business and manage an enterprise. More than 85 percent of respondents answered that
they didn’t try to create business and their parents and grandparents didn’t have business.
There is a small number of young people in all faculties who have their own business. 9.1
percent of the respondents at the Faculty of Electronics and Informatics have own business.
15.4 percent of the respondents at the Faculty of Agrotechnologies and 15.2 percent at the
Faculty of Pedagogy have experience of working in their family business. It should be noted
that successful entrepreneurs have certain personal characteristics, so students were asked
to evaluate their personal characteristics associated with entrepreneurshi The students
chose their communication, planning and organizational skills, as well as responsibility,
ability to take risks for decisions and adaptation to changes. Students supported the idea of
socially responsible business and the use of innovations. For the students it isn’t difficult to
bring together people to new activities, and it’s good, because the ability to take risks and
teamwork are some of the most important characteristics of an entrepreneur. The study
revealed that the least number of respondents noted the ability to learn and work even
during the holidays, not to give up and start a new business after the collapse of the
previous one. Most students didn’t have business experience and they found it difficult to
decide whether they would dare to start a new business after the collapse of the previous
one. The answers of the students show that it is difficult for them to predict the future.
The results show that students at the Faculty of Economics (76.6 percent) and Faculty of
Business Management (65.5) have knowledge about the principles of market economy and
the importance of business. The least number of such students is at the Faculty of Pedagogy
(10.8 percent) and Faculty of Agrotechnologies (46.2).
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