Characteristics and Motivation Affecting to Entrepreneurial intention of the Elderly in Phuket
DOI:
https://doi.org/10.55164/ecbajournal.v17i1.268865Keywords:
Elderly, Elderly Entrepreneurial Characteristics, Elderly Entrepreneurial Motivation, Elderly Entrepreneurial IntentionAbstract
The research to investigates the characteristics and motivation affecting to Entrepreneurial intention of the elderly in Phuket Province. The objectives are to study the levels of characteristics, motivation, and intentions related to entrepreneurship among elderly individuals in Phuket and to examine the factors that impact their entrepreneurial intentions. This is a quantitative research study that utilizes questionnaires as a data collection tool from a sample of 400 participants. A multi-stage random sampling method was used by quota sampling and purposive sampling. Statistical analysis includes mean values, standard deviations, and stepwise multiple regression. The study revealed that, overall the entrepreneurial characteristics of elderly individuals were at a high level. Among the elderly, the highest priority was placed on learning enthusiasm and ability, followed by the achievement orientation and autonomy orientation. In terms of motivational factors, the overall level was also high. Key attraction factors included self-identity, allocating leisure time meaningfully, and recognizing opportunities or pathways to entrepreneurship. Regarding entrepreneurial intentions, the overall level was high as well. Elderly individuals displayed dedication to initiating businesses, setting entrepreneurial goals, and aspiring to establish their own ventures in the future.
Hypothesis testing results indicated that only motivational factors significantly influenced the entrepreneurial intentions of elderly individuals in Phuket province. However, entrepreneurial characteristics did not significantly impact their intentions to become entrepreneurs. In addition, the research results are used as guidelines for the development of the elderly, such as organizing training and seminars to help promote entrepreneurial skills and relevant agencies to formulate a strategic plan to support the elderly including the establishment of a service center for business creation and entrepreneurship for the elderly.
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