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Entrepreneurship Development and the Nigerian Business Ecology

Imhonopi,, David and Urim, U.M. (2012) Entrepreneurship Development and the Nigerian Business Ecology. African Journal of Microfinance and Enterprise Development, 2 (2).

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Entrepreneurship development has been seen as the silver bullet that could lay to rest the raging monsters of underdevelopment, unemployment, poverty and poor standard of living in poor communities all over the world. Copious literature materials exist that contend that entrepreneurs succeed because they possess certain traits such as vision, need for achievement, high internal locus of control, high risk propensity and the passion to strike out on their own. While these factors are indeed characteristics of many entrepreneurial success stories, this study has shown that there is an inexorable nexus between entrepreneurship development and the business ecology. A situation where spotty power supply exists in the midst of formidable challenges such as bad road networks, lack of water, poor access to finance and infrastructural convolutions, entrepreneurship activity from the most inspired and innately motivated entrepreneur could hit the rocks. Thus, this paper has identified the various business ecological drawbacks to the thriving of entrepreneurship in Nigeria, relying on a corpus of literature findings, and has offered recommendations that could boost entrepreneurship development in Nigeria.

Item Type: Article
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HM Sociology
Divisions: Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User: Mrs Patricia Nwokealisi
Date Deposited: 10 May 2021 16:03
Last Modified: 10 May 2021 16:03

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