The pivotal position occupied by entrepreneurship as a sustainable tool for rapid economic growth as well as development of a country cannot be over emphasized. This really is evident in several available literatures written by scholars on the subject matter but a more in-depth study of these literatures show tilted emphasis and concentrations on some common areas relating to entrepreneurship.
In like manner, entrepreneurial competences are critical success factors required for successful entrepreneurship, business success and of course national development. The topic thus, deserves solemn attention in entrepreneurial discourse and not to be neglected. There's absolutely no substitute for entrepreneurship competence for successful entrepreneurship, industry professionals not even abundant financial resources can. There's absolutely no doubt as explained, entrepreneurial competence play important role in any successful entrepreneurial activities.
Increasing competitions, rapid and constant changes in internal and external environment of business activities, and the significant influence of Medium and small Scale Enterprises (SMEs) on the economy generally have resulted in an ever-growing interest in studying the role of factors stimulating successful entrepreneurship, business success and national development.
Though, entrepreneurship, have played and can also play more of these positive roles, isn't a very easy vocation as it doesn't always guarantee a hundred per cent triumph. There are several critical areas of knowledge and factors that has to be acquired and put in place to enable entrepreneurs achieve a measure of business success and consequently contributing to national development.
Several researches are already conducted in areas of entrepreneurship competency, entrepreneurship success and national development.
Most literatures relating to entrepreneurship and entrepreneurship success have a tendency to unquestionably argue that most entrepreneurial fiascos are essentially because of inadequate financial resources (e.g. Adeyemo and Onikoyi, 2012). Such research outcomes have no doubt influenced government policy direction in lots of developed and developing countries of the world throughout the creation of financial agencies and provision of monetary resources to business units for the sole purpose of boosting and sustaining entrepreneurial development for rapid national development.
In like manner, entrepreneurial competences are critical success factors required for successful entrepreneurship, business success and of course national development. The topic thus, deserves solemn attention in entrepreneurial discourse and not to be neglected. There's absolutely no substitute for entrepreneurship competence for successful entrepreneurship, industry professionals not even abundant financial resources can. There's absolutely no doubt as explained, entrepreneurial competence play important role in any successful entrepreneurial activities.
Increasing competitions, rapid and constant changes in internal and external environment of business activities, and the significant influence of Medium and small Scale Enterprises (SMEs) on the economy generally have resulted in an ever-growing interest in studying the role of factors stimulating successful entrepreneurship, business success and national development.
Though, entrepreneurship, have played and can also play more of these positive roles, isn't a very easy vocation as it doesn't always guarantee a hundred per cent triumph. There are several critical areas of knowledge and factors that has to be acquired and put in place to enable entrepreneurs achieve a measure of business success and consequently contributing to national development.
Several researches are already conducted in areas of entrepreneurship competency, entrepreneurship success and national development.
Most literatures relating to entrepreneurship and entrepreneurship success have a tendency to unquestionably argue that most entrepreneurial fiascos are essentially because of inadequate financial resources (e.g. Adeyemo and Onikoyi, 2012). Such research outcomes have no doubt influenced government policy direction in lots of developed and developing countries of the world throughout the creation of financial agencies and provision of monetary resources to business units for the sole purpose of boosting and sustaining entrepreneurial development for rapid national development.