5 Lessons About Company Management Skills You Need To Learn

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 really is evident in several available literatures authored 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 necessary for successful entrepreneurship, business success and of-course national development. The subject thus, deserves solemn attention in entrepreneurial discourse and not to be neglected. There is absolutely no substitute for entrepreneurship competence for successful entrepreneurship, not even abundant financial resources can. There's no doubt as explained, entrepreneurial competence play crucial 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 aspects stimulating successful entrepreneurship, business success and national development.

Even though, entrepreneurship, have played and may play more of these positive roles, is just not an easy vocation as it doesn't always guarantee a hundred per cent triumph. You'll find 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 click consequently adding 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 usually unquestionably argue that most entrepreneurial fiascos are essentially as a result of inadequate monetary resources (e.g. Adeyemo and Onikoyi, 2012). Such research outcomes have without doubt influenced government policy direction in lots of developed and developing countries of the world over the establishment 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.