The pivotal position occupied by entrepreneurship as a sustainable tool for rapid economic development along with growth of a country can't be over emphasized. This is evident in several available literatures written by scholars on the subject matter but a closer examination 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 no substitute for entrepreneurship competence for successful entrepreneurship, not even abundant monetary resources can. There isn't any doubt as explained, entrepreneurial competence play important role in almost any successful entrepreneurial activities.
Increasing competitions, rapid and constant changes in internal and external environment of business activities, and the significant influence of Small and medium Scale Enterprises (SMEs) on the economy generally have resulted in an increasing interest in studying the role of aspects stimulating successful entrepreneurship, business success and national development.
However, entrepreneurship, have played and can play more of these positive roles, isn't a very easy vocation as it doesn't always guarantee a hundred per cent triumph. You will discover several critical areas of knowledge and factors that must be acquired and put in place to enable entrepreneurs achieve a measure of business success and entrepreneur consequently leading to national development.
Several researches have been conducted in areas of entrepreneurship competency, entrepreneurship success and national development.
Most literatures relating to entrepreneurship and entrepreneurship success tend to unquestionably argue that most entrepreneurial fiascos are essentially as a result 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 through the creation of financial agencies and provision of financial resources to business units for the sole purpose of boosting and sustaining entrepreneurial development for rapid national development.
Increasing competitions, rapid and constant changes in internal and external environment of business activities, and the significant influence of Small and medium Scale Enterprises (SMEs) on the economy generally have resulted in an increasing interest in studying the role of aspects stimulating successful entrepreneurship, business success and national development.
However, entrepreneurship, have played and can play more of these positive roles, isn't a very easy vocation as it doesn't always guarantee a hundred per cent triumph. You will discover several critical areas of knowledge and factors that must be acquired and put in place to enable entrepreneurs achieve a measure of business success and entrepreneur consequently leading to national development.
Several researches have been conducted in areas of entrepreneurship competency, entrepreneurship success and national development.
Most literatures relating to entrepreneurship and entrepreneurship success tend to unquestionably argue that most entrepreneurial fiascos are essentially as a result 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 through the creation of financial agencies and provision of financial resources to business units for the sole purpose of boosting and sustaining entrepreneurial development for rapid national development.