ENTREPRENEURSHIP SKILLS ACQUISITION AND PRODUCT INNOVATION IN NIGERIA (A CASE STUDY OF NATIONAL OPEN UNIVERSITY OF NIGERIA NOUN) ABSTRACT The concept of entrepreneurship played a formative role in the emergence of business history as a distinct academic field. Entrepreneurship is a process of wealth creation for an individual, community and the large society. The primary goal of this stud... read more

socio-economic problem and every nation deals with it within their respective capacities. As could be seen from individual research reports and other government statement, the situation in Nigeria has gone out of hand as about 75 percent of those who are willing to work cannot find gainful employment in Nigeria, especially among the school leavers and graduates of tertiary institutions (NBS, 2014). In 2019 The Bayelsa State Employment and Expenditure for Results (SEEFOR) in Bayelsa, received ... read more

Finance for the general research work will be a challenge during the course of study. Correspondents also might not be able to complete or willing to submit the questionnaires given to them. However, it is believed that these constraints will be worked on by making the best use of the available materials and spending more than the necessary time in the research work

The study aims to address the extent to which entrepreneurial attributes lead to business success. The study attempts to identify the challenges and prevailing factors against the success of SMEs, analyze them and then proceed to make appropriate recommendations towards alleviating them. The findings of the study are useful to entrepreneurs in SME’s since they highlight the focus on training that is adequate to improve effectiveness in managing SME’s activities and implication to policy m... read more

In running effective SMEs in Nigeria, efficient and effective managerial skills are required. Many SMEs lack the basic skills, techniques and aptitude to successfully operate a business. The managerial skills and talents necessary for planning, organizing, directing and controlling both the human and material resources are essential components of effectively running a business outfit. The study of Ololube and Uzorka (2008) showed that SMEs are unable to employ and maintain highly skilled workers... read more

he findings of this study will serve as an empirical basis for future policy making in Nigeria on issues related to the handicraft. To the government, the findings of this study will provide important information that could be useful while formulating policy decisions with an aim of providing an enabling environment that can help facilitate the global market of handicrafts traders in Nigeria. To academicians and researchers, the findings of this research project are a source of reference materia... read more

inance for the general research work will be a challenge during the course of study. Correspondents also might not be able to complete or willing to submit the questionnaires given to them. However, it is believed that these constraints will be worked on by making the best use of the available materials and spending more than the necessary time in the research work. Therefore, it is strongly believed that despite these constraint, its effect on this research report will be minimal, thus, maki... read more

he study concluded that vocational skills and government training created employment opportunities through the SMEs in Oyo State, Nigeria. Also, formation of business organizations enhanced the acquisition of managerial and technical skills. The study recommended that government and SMEs should focus on the establishment of enterprises that generate employment most. In addition, government should provide adequate training for entrepreneurs while entrepreneurs in turn should provide adequate and ... read more

pathetic because job seekers/applicants end up going back to their aged parents who have invested in them, hoping that someday, they will get back the dividends of their investments but all to no avail. This cankerworm (unemployment) which has eaten deep into the fabric of the society must be reversed to avoid national crisis. Entrepreneurship education is just becoming a popular course in most of the Nigerian higher institutions as it was introduced in 2006 effective from 2007/2008 academic ses... read more

ne of the most frequent discussed issues in Nigeria now is how to solve the economic hardship in the country and how to create an industrial base that can guarantee self sustaining growth. Nevertheless, the country which is richly endorsed with the necessary human and material resources has turned from an agricultural resources economy to a “mono prominent” Economy dependent on the petroleum for the foreign exchange earnings. Unfortunately too, the country has achieved only a fragile industr... read more

his study focuses on the assessment of hotels in Lagos. This will enhance the development of hotels since they act as tourist attraction centres. The overall consideration of the significance of the study will be summarized in the following statements. It will also help to fill the gap in the literature in the areas of hospitality and tourism. It become not a primary but a secondary source of information for researchers, academicians and practitioners, It as well serve as guiding documents for p... read more

everal years after the policy on micro financing, a greater number of the poor and vulnerable poor segment are yet to fully maximize the benefit of financial services of obtaining micro credit facility for entrepreneurial businesses. It is pertinent to note that while the microfinance bank are willing to disburse funds to this segment they are however constraint by limited financial resources to meet the large number of client wanting to obtain micro credit. Savings deposit is low due to the nat... read more

he intrapreneur is that individual under the employment of an entrepreneur who takes an initiative into a new project of developing a new product or service within the larger organization of the entrepreneur. The intrapreneur possesses the characteristics of an entrepreneur but operates within the firm of the entrepreneur using entrepreneurial capabilities without bearing the associated risks of those activities. Intrapreneurs are typically assigned special projects to work on within the entre... read more

he growing significance of SMES cannot be overemphasized in view of its contribution to the economic growth of the country through the provision of employment for a large segment of the population and revenue derivation. However SMES are faced with challenges in respect of formulating and implementing strategic plans. The inability to be proactive and secure the future with success has been the reason for many folding up of SMES and as well as their inability to grow rapidly. Consequentl... read more

ntrepreneurship is defined as the willingness and ability of a person to seek and identify investment opportunities, establish and run a successful enterprise Solomon (2007). It is also viewed as the act of arranging business ideas, taking the associated risk and starting a Business, with a view to profit making. According to Paul, (2005); and Ossai (2012) entrepreneurship is essentially about taking a risk; it entails the creating of new venture which previously did not exist. it leads to the ... read more

With current challenges in the global economy, new and innovative strategies are emerging in the bid to stimulate and sustain growth in national economies. Entrepreneurship is one model that is deemed critical to the formulation and implementation of these strategies. According to a research by The Global Entrepreneurship and Development Institute, it was found that USA is a world leader when it comes to supporting its entrepreneurs in respect to business formation, expansion, and growth. They a... read more

“Social media” is used to define group interactive communication”. The “group” in this definition represents “social” content of the definition. According Suomen Toivo–Think Tank (2012), social media constitute a kind of current information network and information technology in which interactive communication emanates in which the user produces the content of information and proceeded by the establishment and maintenance of interpersonal relationships. A social media services inc... read more

The major problem confronting Nigeria Youths today is joblessness. These youths constitute greater fraction of Nigeria’s economically active population. According to Awogbenle and Iwuamadi (2010), the statistics from federal bureau of statistics showed that Nigeria has a youth population of 80 million representing 60 percent of the total population of the country. Also, 64 million of them are unemployed, while 1.6 million are underemployed. This implies that a lot of energies that would have b... read more

A consistent empirical result emerging in the literature on female entrepreneurship is that gender matters. In particular, women exhibit a consistently lower likelihood of becoming an entrepreneur than their male counterparts. With African nations being dominantly patriarchal, the extent to which women are able to freely participate in entrepreneurship activities will largely be determined by the existing cultural atmosphere. Considering the various cultural and structural challenges and obstacl... read more

ills and promotion thereby limiting the growth of small business in Nigeria. Small business can be started with very minimal capital and without any formality .many small business are operated as family business and can be combined with regular employment. Some of that problem includes lack of huge capital to expand or take advantage of business opportunities .This also affect the salary of the salesmen who may not be motivated to perform ultimately. Also the lack of managerial skill also affe... read more