Extent of Influence of Entrepreneurial Ecosystem Elements (E3) on Entrepreneurial and Tourism Activities among Beach Resorts Entrepreneurs in Ilocos Norte

Abstract

The study analysed the entrepreneurial ecosystem elements (E3) and their influences on entrepreneurial activity (EA) and tourism activity (TA) and the relationships of these elements to entrepreneurial activity and tourism activity. Based on the above findings, it could be concluded that the entrepreneurial ecosystem elements were all influential but in varying degree of influence ranging from influential to very influential. There are only two socio-cultural elements namely: population and the status of the entrepreneur that are related to tourism activity but not at all to entrepreneurial activity. Therefore, tourism activity measured by the increase in the revenues or annual sales of beach resorts entrepreneurs can be enhanced by the population and the status of the entrepreneur. It is recommended that the government has to take a proactive role in enhancing the income generating potentials of the population through more training, assistance and sustainable development programs. This will equip them with the skills and expertise for high-income employment as income is empowering. An income-empowered population stimulates spending and consumption and hence promote economic activity. Further, the local government must create incentive programs in the form of tax exemptions and a simplified system of registration and licensing to encourage big, well-known and budding entrepreneurs alike to invest in the beach resorts industry