Company Management Skills Fundamentals Explained

The pivotal position occupied by entrepreneurship as a sustainable tool for rapid financial growth and development of a country cannot 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 topic 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 monetary resources can. There is 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 also the significant influence of Small and medium 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.

However, entrepreneurship, have played and may play more of these positive roles, just isn't a very easy vocation as it does not always guarantee a hundred per cent triumph. You will find several critical areas of knowledge and factors that has to be acquired and put in area to enable entrepreneurs achieve a measure of business success and consequently adding 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 have a tendency to unquestionably argue that most entrepreneurial fiascos are essentially because of inadequate financial resources (e.g. Adeyemo and Onikoyi, company management 2012). Such research outcomes have no doubt influenced government policy direction in several developed and developing countries of the world throughout 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.