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The Effects Of Entrepreneurial Characteristics On Business Performance
[A CASE STUDY OF APEX PAINT LTD]
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3.5 Method of data collection
As stated earlier, a sample of two hundred and ninety (290) respondents were used and data were collected by means of structured questions that were self-administered and personal interviews. Structured questionnaires were used to reduce cost, save time and avoid prejudice.
The first five (5) questions detailed personal information of the respondent. The rest centered on issues related to employee participation in decision making and its impact on organizational productivity.
3.6 Instruments of data collection
The sources of data to this study are primary and secondary data. Secondary information for this research was mainly through various publications culled from the internet, textbooks, journals, reports prepared by various universities. It has been scrutinized to assess its suitability, reliability, adequacy and accuracy.
Primary data for this study was collected through administration of questionnaires to the staffs (managers, officers and clerks) of Apex Paints Ltd, Abeokuta-Lagos road, Abeokuta Ogun Nigeria.
3.7 Method of data analysis
Data analysis can be defined as consisting of three concurrent flows of activity that is data reduction, data display and a conclusion drawing/verification part.
Data analysis can also be said to be a process of inspecting, cleaning, transferring and modeling data with the goal of highlighting useful information, suggesting conclusion and supporting decision-making.
Various analytical tools and software such as pie charts, bar charts, tables, and Statistical Package for Social Science (SPSS) software were used in analyzing data for this study.
Data collected were analyzed using frequencies and percentages. These frequencies and percentages enabled the researcher to clearly represent true data characteristics and findings with a great deal of accuracy. Interpretation and analysis of data was also used to describe items in tables and charts used for this study.
Descriptive statistics such as tables and simple percentage analysis were employed in presenting the data and results of our analysis. However, in order to test the study’s hypotheses and provide answers to the research questions, multiple regression analysis was employed. The multiple regression analysis was employed in explaining the interactions among the independent variables as well as highlight and identifying the importance of each or group of variables on the dependent variable.
The model formulated with aid of regression formula is given below:
Yi =b0+b1X1i + b2X2i + b3x3i +…+bnxn
Yi = Dependent variable — Market
Xi1…n= Independent variable – Innovation.
3.8 Reliability, Validity and Generalibility Huff (2008)
Described Reliability as an indication of the degree of stability or consistency of measurement. That is, it is the consistency of scores obtained by the same person when they are re-examined with the same test on different occasions on different of equivalent items under other variable examine condition. Reliability indicates how much confidence the researcher can place on the result of the test. If this research is carried out by another researcher, it will give the same result.
 Validity
According to Huff (2008), Validity determines whether the research truly measures that which it is intended to measures or how truthful the research results are. Moreover, all procedures for determining test validity are considered with the relationship between performance on the test and independently observable facts about the behavior characteristics and other procedures. In order to ensure the validity of this research, questionnaire will be adopted and administer to staffs in different department within the hotel to get accurate data.
 Generalibility
Describes the extent to which research findings can be applied to settings other than that which they were originally tested. This research if carryout in another area or by another researcher will yield the same result. This means that the result from this research can be generalized.
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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 TWO - [ Total Page(s): 10 ]Thus, the AMP was based on three main conceptualizations (Kirzner, 1973).The first was the arbitraging market in which opportunities emerge for given market actors as others overlook certain opportunities or undertake suboptimal activity. The second was alertness to profit-making opportunities, which entrepreneurs discover and entrepreneurial advantage. The third conceptualization, following Say (1803) and Schumpeter (1934), was that ownership is distinct from entrepreneurship. In other words, e ... 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---
