The 2 Best Things About Leadership Qualities
The pivotal position occupied by entrepreneurship as a sustainable tool for rapid financial development and 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 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 subject thus, deserves solemn attention in entrepreneurial discourse and not to be neglected. There's absolutely no substitute for entrepreneurship competence for successful entrepreneurship, not even abundant financial resources can. There's absolutely no doubt as explained, entrepreneurial competence play crucial role in almost any successful entrepreneurial activities.
Increasing competitions, rapid and constant changes in internal and external environment of business activities, as well as the significant influence of Medium and small Scale Enterprises (SMEs) on the economy generally have resulted in an increasing interest in studying the role of factors stimulating successful entrepreneurship, business success and national development.
Though, entrepreneurship, have played and also can play more of these positive roles, isn't a simple vocation as it does not 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 area to enable entrepreneurs achieve a measure of business success and consequently contributing 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 often unquestionably argue that most entrepreneurial fiascos are essentially because of inadequate monetary resources (e.g. Adeyemo and Onikoyi, 2012). Such research outcomes have no doubt influenced government policy direction in many developed and developing countries of the world through the creation of financial agencies and provision of monetary resources to business units for the sole purpose of boosting and sustaining entrepreneurial development for visit link rapid national development.