ABSTRACT
The study examine the
role of entrepreneur in the stimulation of economic growth in Ugo Community,
Orhionmwon Local Government Area of Edo State the research instrument used
includes questionnaires interview and participant observation, in order to
collect the data for the study, some research question addressed these
includes.
a. How does the entrepreneur stimulate economic
growth of the study area?
b. Does the entrepreneur focus on the function of
the individual alone?
c. What are the roles of the banking industries in
the economy?
The data collected were
analyzed using simple percentage tabulation method sixty (60) respondents were
randomly selected from the study area. Finally some recommendation was
proffered to alleviate the identified problem.
TABLE OF CONTENT
CHAPTER ONE
Introduction
Background of the study
Statement of the problem
Purpose of the study
Basic assumption
Hypothesis
Significance of the
study
CHAPTER TWO
Literature review
CHAPTER THREE
Methodology
Population and sample of
study
Data collected
Research instrument
Method of data analysis
CHAPTER FOUR
Data analysis and
discussion
Obstacle to
instructional materials provision
Instructional materials
as learning facilitation
CHAPTER FIVE
Findings
Summary
Conclusion
Recommendations
REFERENCES
QUESTIONNAIRE
CHAPTER ONE
INTRODUCTION
1. BACKGROUND OF THE STUDY
Since ancient times man
has designed ways of surviving in his environment gathering food and hunting
for games. As years go by, he modifies his survival techniques from being a
wonderer and shifting cultivating to a sedentary/intensive farming, arts and
crafts. His pragmatic disposition has resulted in innovative and better ways of
harnessing the opportunities and potentials of environment for welfare
maximization and economic development. The industrial revolution of the late
1780s in Europe and early 19th century in America influences
significantly work ethnics, organizational behave, thinking and management of
productive resources (land, labour, capital and entrepreneur). Thus, the
phenomenon growth of the economy is attributed to enterprising management of
resources where entrepreneurship factor is a very important factor of
production that co-ordinates sometime idle factors of production such as land
labour and capital (Eshiobo 2010).
In the work of say in
1803, as cited by Hisrich and Peters (2002), an entrepreneur is someone who
consciously moves economic resources from area of low yield of to area of high
yield. He redeploys people, materials money and co-ordinates the processes
necessary for efficient large scale industrial trade development. Joseph Schumpeter
(1987) addled that the entrepreneurship is the motive behind capital
development.
Entrepreneurship
pervades all economics (though more with free market or capitalist economics)
and its considered as the bedrock of modern economic development through
innovation and technological brake through and by developing untried
technologies. The entrepreneur in his entrepreneurial activities can bring
about increase in production create employment income facilities rapid growth
of small, medium and large scale enterprise to reduce poverty and hunger among
people given this background it is thus imperative to explore the extent to
which enterprise/industries in Nigeria, entrepreneurship generally are vital to
the economy of a nation with respect to economic growth and poverty reduction
in as much as the government of a country is required to provide the enabling
environment for entrepreneurship development in term of favourable financial
economic, social-cultural legal policies and functional infrastructure (Coleman
and Kofi, 2008 Tganija 2008; Stephen and Wilton 2006, William and Thawachai
2008) entrepreneur themselves have roles to place so as to compliment
government effort in enterprise/industrial development.
These includes making good business decisions having the right motive making
effort to acquire the right needed education and training, business experience
or skills, innovation, market information , social networks and so on.
1. NIGERIA YOUTH AND ENTREPRENEURSHIP
The development process of any country is determined by the way the production
force in and around the economy is organized for most countries, the
development of industry depend a great deal on of private sector.
Entrepreneurship has played a major role in this regard entrepreneurship is
known as the capacity and attitude of a person or group of persons to undertake
ventures with probability of success degree or risks be a good leader in
addiction to being highly innovation.
Since entrepreneurship has to deal with leadership ability always determines a
person level of effectiveness. The personal and organization effectiveness is
proportionate to this strength of leadership and there is no success in any
entrepreneurship venture without leadership. Entrepreneurship in business
management is regarded as the “prime mover” of a successful enterprise just as
a leader in any organization must be the environment changes agent; many young
Nigerians aspire to be successful entrepreneur. But due to certain constraints
the ability of many prospective youth to find avenues to utilize their
opportunities and skills has proved futile. Entrepreneurship in Nigeria is
perceived as a major avenue to increase the economic growth, create job
opportunities, and reduce import of manufactured goods and decrease the trade
difficult that result from, such import. Two approaches have been used for
entrepreneurship development in Nigeria. One of the approaches is concerned
with the provision of generous credit facilities for small scale industrialism.
The aim of the scheme was to give entrepreneurs seed money. The second approach
was the establishment of training centre (IDC) the idea of this centre was to
provide facilities for no-the-job training of entrepreneurs especially those in
the informal sector which includes petty trader, artisans, peasant farmers etc.
and train them in various aspects of industrial management, unfortunately, due
to certain factors which shall be explained under are responsible for the non
achievement of these policies.
1. STATEMENT OF PROBLEM
Entrepreneurship activities bring about business and production innovation with
resultant growth in enterprise and industrial organization development in
Nigeria is a starter as the indigenous entrepreneur were never allowed to
develop by the colonial entrepreneurs (Eshiobo SS 2010). The role of
entrepreneurs in the country economic growth cannot be over emphasize, this
than spawn the interest in investigating the type or category of entrepreneur
available to the study area as this will go a long way in determining the role
the entrepreneur plays in the stimulation of economic growth in the study area.
1. OBJECTIVE OF THE STUDY
2. To examine the type entrepreneur available in
the study area.
3. To determine the contribution of entrepreneur to
organization.
4. To examine the problem faced by the
entrepreneur.
1. RESEARCH QUESTIONS
5. What are educational qualifications of the
entrepreneurs present in the study area?
6. What are the functions performed by the
entrepreneurs in the study area?
7. Are the entrepreneurs in the study area paid
according to the function carried out?
8. What are the challenges faced by entrepreneurs
in the area of study?
1. SIGNIFICANCE OF THE STUDY
This study is embarked
upon to determine the role of entrepreneur in the stimulation of economic growth
in the study area knowing the contribution and role the entrepreneur’s plays
will make the government, private and individuals appreciate them more.
The study will also
reveal the problems the entrepreneur are facing as well as proffer solution
that will assist the owner of a business organization in getting the best form
its entrepreneurs.
1. SCOPE OF THE STUDY
This study is limited to
the role of entrepreneurs in the stimulation of economic growth the study will
investigate into the types of entrepreneur available to organizations in the
study area as well as the problem faced by the entrepreneurs in Ugo Community
Orhionmwon Local Government Area council of Edo State.
1.8 DEFINITION OF TERMS
Money: Is any commodity that is generally accepted as
payment for goods and services and settlement of debts in a given country or
socio-economic context.
Employment: The act of employing or state of being
employed the work or occupation in which one is employed.
Economic: Is the social science that analyzes the
production, distribution and consumption of goods and services.
Entrepreneurs: A person who organizes and manages a business
undertaking assuming the risk for the sake of profit.
Indigenous: Means original and living naturally in an area
or environment.
Income: The amount of money or it equivalent received
during a period of time in exchange of labour or service.
A small scale business: This is a business that is privately owned and
operated with a small number of employees and relatively low volume of sales.
Environment: The surrounding where one dwells.
Traders: A person who buy and sells thing as a
job.
Department | Business Administration and Management |
Project ID Code | BAM0012 |
Chapters | 5 Chapters |
No of Pages | 47 pages |
Reference | YES |
Format | Microsoft Word |
Price | ₦4000, $15 |
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Contact Us On | +2347043069458 |