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The Effects Of Entrepreneurial Characteristics On Business Performance
[A CASE STUDY OF APEX PAINT LTD]
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Past study refers to location as geographical location.
This is consistence with Edge (2006) that referred to location approach as geographical expansion strategy, therefore, location approach could also be seen in terms of geographical which could equally include both rural and urban location. Rasheed (2002) defines location in terms of economic situation, density of entrepreneurs per capital, composition of local communities etc to location. Therefore, location could be defined as nearness and accessibility of the firm to raw materials, infrastructures, how busy the location is? Apart from that, it also includes the building of industrial site or pack, industrial estate etc in order to facilitate entrepreneurial development and equally improve the performance of the entrepreneurs. Therefore, location entrepreneurial approach means the use of location to develop and nurture entrepreneurship development. Thus, the vocal point of the entrepreneurship development in this regard is location. In this case, the entrepreneurial policy is designed based on location strategy or approach.
ï¶ Women Approach
Probably this approach seems to be in it emerging stage seems new to many countries. Although, it could be assumed that women entrepreneurship development is becoming more popular everyday by day in line with women empowerment and their key role in which they play in nation`s economic building. In some countries, it has already gained recognitions. For instance, it is reported that in Malaysia, the ministry of entrepreneur development through the united nations development program (UNDP – Malaysia) has entrepreneurial training programs for women who seek to increase women`s capabilities in using modern technology for production (UNDP – Malaysia, 2008).
Similarly, in Kenya, it is equally reported that a total of US $ 10 million was approved through the Board of the Directors of Africa Development Bank (ABD) to the women entrepreneurs in Kenya under the umbrella of Growth – oriented women Enterprise Tonge (2005). He argued that this approach is expected to create additional 500 new jobs in the economy.
ï¶ Youths Entrepreneurial Approach
As the name suggests it is an entrepreneurship development centered on the youths in any country. Simply put it in this manner, a sub – group entrepreneurship development approach with particular attention or focus on the youth. Countries like Nigeria, China etc with a larger or high population of the youth would immensely benefit from this approach.
In fact, in many countries of the world, one of the key issues regarding the entrepreneurial development is the youth entrepreneurial development. For instance, to immerer etal, (2005) noted that youth entrepreneurial development is on the increase in the recent times across the globe. This therefore suggests that government must try as much as possible to rally round to teach the youths how to build and develop business of their own. Mean while, in country like Malaysia, it could be observed that the government has started to instill an entrepreneurial spirit among the young generation of Malaysia. For instance, the government has already started to provide entrepreneurial education at the junior high school level, as well as the university and graduate school level in Kenya, this approach is recently being implemented. This entrepreneurship development programmed involved the collaboration efforts of the Kenya institute of education, united nation development program (UNDP – Kenya, 2008), international labor organization and the small enterprise development policy project in the ministry of planning and national development (Ogundele, 2007) the united nation development programmed (UNDP Kenya, 2008), international labor organization and the small enterprise development policy project in the ministry of planning and national development (Ogondele, 2007).
The united nation development programme (UNDP, Kenya 2008) has also revealed this in their website that with their technical support, they are collaborating with the Kenya ministry of youth and sports, and the ministry of trade with financial and technical to roll out a youth training initiative to empower the Kenya youth and catalyze competitive growth of trade by enhancing self – employment, and injecting a new breed of productive labor force into the country`s economy in micro and small enterprise adversely by the post election violence. Under the youth empowerment scheme on micro and small enterprise (YES – MSE) programme which currently being implemented by the Kenya government through the national youth development and training programme come out YES – EA, an association that is made up of university graduates from diverse professional backgrounds, who have undergone an intensive training in entrepreneurship and business skills development under the YYES – MSE programme will be used as catalyst to drive the economy in order to achieve their entrepreneurship development objectives (UNDP – Kenya 2008).
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ABSRACT - [ Total Page(s): 1 ]ABSTRACTThe study examined the effect of entrepreneurial characteristics on business performance. The main objectives of the study were to find out the effect of entrepreneurial characteristic on business performance with the case study of APEX paint Ltd. The research also described the performance of the business based on the characteristics exhibited by the entrepreneurs. Quantitative research method was used in the study. The total population of the study is 290, while relevant data was gathe ... Continue reading---
QUESTIONNAIRE - [ Total Page(s): 3 ]QUESTIONNAIRETHE EFFECTS OF ENTREPRENEURIAL CHARACTERISTICS ON BUSINESS PERFORMANCE (Apex Paints Ltd)COLLEGE OF HUMANITIES MANAGEMENT AND SOCIAL SCIENCESDEPARTMENT OF BUSINESS AND ENTREPRENEURSHIPKWARA STATE UNIVERSITY, MALETE.Dear Sir/Ma, This questionnaire is designed to acquire information on the effect of entrepreneurial characteristics on business performance in Nigeria. In order to enable me carry out this research work. All information collected from you shall be treated with ... Continue reading---
TABLE OF CONTENTS - [ Total Page(s): 1 ]TABLE OF CONTENTSContentsCertification Declaration Dedication Acknowledgements Table of Contents List of Tables Abstract CHAPTER ONE INTRODUCTION 1.1Background of the Study 1.2 Statement of Research Problem 1.3 Research Aim and Objectives 1.4 Research Questions 1.5 Research Hypotheses 1.6 Significance of the Study 1.7 Limitation of the Study 1.8 Scope of the Study 1.9 Outline of Chapters 1.10 Operationalization 1.11 Definition of Terms CHAPTER TWO LITERATURE ... Continue reading---
CHAPTER ONE - [ Total Page(s): 3 ]CHAPTER ONEINTRODUCTION1.1 Background of the Study Starting from the time of report of the fascinating study of entrepreneurs by McClelland (1961) in which he came out with a list of nine characteristics of the entrepreneur, several other writers have equally illuminated the list of entrepreneur characteristics. McClelland (1961) listed the following characteristics of entrepreneur; need for achievement, desire for responsibility, preference for moderate risks, perception of probabil ... Continue reading---
CHAPTER THREE - [ Total Page(s): 4 ]CHAPTER THREERESEARCH METHODOLOGY3.1 Introduction This chapter describes the various methods and techniques used to collect and analyze the data gathered for the study to gain a deeper understanding of the topic under study. The data collection stage is important since the result of the analysis is dependent on the quality of the data obtained. Therefore, the method selected for data collection must be the most appropriate to assist in achieving the objectives of the study.3.2 R ... Continue reading---
CHAPTER FOUR - [ Total Page(s): 14 ]The F-Test (ANOVA)This is used to test the overall statically significant of the variables. It is meant to test the overall significance of the entire model as regards the dependent variable. It checks the joint variance of the explanatory variables. The level of significance to be used is 5%. Hence, if the probability is ≤ 0.05, the explanatory variables’ parameter estimates will be jointly statistically significant.a. Predictors: (Constant), market, innovationThe correlation betwe ... Continue reading---
CHAPTER FIVE - [ Total Page(s): 4 ]ï¶ Neo-classical Theory The neo-classical model emerged from the criticisms of the classical model and indicated that economic phenomena could be relegated to instances of pure exchange, reflect an optimal ratio, and transpire in an economic system that was basically closed. The economic system consisted of exchange participants, exchange occurrences, and the impact of results of the exchange on other market actors. The importance of exchange coupled with diminishing marginal utility c ... Continue reading---
REFRENCES - [ Total Page(s): 1 ]REFERENCESAfonja, B. (1999). Entrepreneurship Management, Lagos: Adoki Press (1st Edition).Basheer, O. (2005). Developing Small Scale Business Enterprise, Kano: Abubakar PressBurnett, C. (2000). Entrepreneurship, London: University Press.Brochlans, L. (1982). Managing Small Business Enterprise, Manchester: Paula Co. (1st Ed).Egbe, O. (2006). Entrepreneurship Development in Nigeria, Journal of Management. Retrieved on the 24/05/012 from http://www.wikibooks.com Litvaket and Mance, F. (1999). Mana ... Continue reading---
