THE ROLE OF ENTREPRENEURIAL COMPETENCIES ON THE SUCCESS OF SME IN NIGERIA
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
ABSTRACT
The research aimed at examining the factors that may impact upon business success in the two municipals of Yenagoa SME’s. The study examined the extent to which entrepreneurial competence influenced business success in SME’s. The study was conducted at Yenagoa Municipals. Although it has been difficult to ascertain why in similar situations some entrepreneurs fail while others succeed, it is through that the focus on “entrepreneurial competencies” offers a practical means of addressing the phenomenon. SME’s are still faced by lack of appropriate knowledge and skills, limited skills, limited access to information technology, dependency on poor and obsolete technology.
The study comprised 60 SME’s, 30 from each municipality. The study used random sampling since SME’s are many and scattered in wide geographical area. One of the most serious impediments is limited capacity of people who start and operate the businesses, in terms of the attitudes, motivation, exposure, skills and experiences. Education and training programs could provide owners with opportunities to explore their motives of firm ownership and a better understanding of the consequences of not seeking success.
The findings of the study showed that business or entrepreneurial failures are mostly attributed to inadequacy of financial resources. The conclusion of the study indicates that one of the other serious impediments is the limited capacity of people who start and operate the businesses, in terms of the attitudes, motivation, exposure, skills and experiences. The study that recommends there is substantial need to study on the role of entrepreneurial competencies. Also the study recommends that education and training are crucial to SME’s since they play a big role in the success of the business. Moreover, SME’s require organization’s mission, vision, values and strategic plans. At every level of the organization competency is required in order to successfully perform duties required, skills gained from education or training will increase the abilities of SME’s to achieve success.
Related Project Materials
INDECENT DRESSING: A SERIOUS ENCROACHMENT ON OUR MORAL VALUES
Abstract
This study assessed indecent dressing: a serious encroachment on our moral values. Education is considered to...
ASSESSMENT OF THE LEVEL OF COMPLIANCE TO HEALTH AND SAFETY MANAGEMENT SYSTEM BY CONSTRUCTION FIRMS IN OWERRI IMO STATE
ABSTRACT
This study was carried out to evaluate the level of compliance to health and safety management...
AVAILABILITY OF TEACHERS AND LABORATORY FACILITIES FOR EFFECTIVE TEACHING AND LEARNING OF HOME ECONOMICS IN JUNIOR SECONDARY SCHOOL
ABSTRACT
This research was carried out to assess the availability of teacher and laboratory facilities...
FACTORS THAT INFLUENCE SCHOOL DROPOUT AMONG SENIOR SECONDARY SCHOOL STUDENTS
ABSTRACT
The main purpose of the st...
EXPLORING THE IMPACT OF EARLY CHILDHOOD EDUCATION ON TECHNOLOGY ADOPTION RATES
ABSTRACT: Exploring the impact of early childhood education on technology...
THE EFFECT OF INTEREST RATE ON SAVINGS IN NIGERIA
ABSTRACT
This study examined the effect of interest rates on savings in Nigeria Using multiple regression analysis. The...
INFLUENCE OF SOCIO-ECONOMIC FACTORS AND GENDER ON BUSINESS EDUCATION STUDENTS’ SPECIALIZATION IN FEDERAL COLLEGES OF EDUCATION, NORTH - WEST GEO-POLITICAL ZONE, NIGERIA
ABSTRACT
The purpose of the study was to determine the influence of socio-economic factors and gender on business education students‟ spe...
EFFECT AND CAUSES OF CORRUPTION IN NIGERIAN PUBLIC SERVICE
ABSTRACT
The primary purpose of this study is to ascertain the effects of corruption in the Nigerian public service. The...
ASSESSMENT ON THE ROLE OF CAPITAL MARKET ON PRIVATIZATION PROCESS IN NIGERIA
BACKGROUND OF THE BODY
Privatization Appeared on standard dictionaries only in the early 1980s [it app...
ANALYTICAL STUDY OF PROSTATE CANCER IN MEN LIVING IN ADAMAWA STATE; CASE STUDIES IN FEDERAL MEDICAL CENTER YOLA, DAAMA CLINIC AND ZENITHCARE
ABSTRACT
The research is on the analysis of prostate cancer in men living in Adamawa state, this topic is essential to determining certai...
