Investigating the entrepreneurial action of small scale enterprises for sustainable development in Nigeria
Keywords:
entrepreneurial actions, necessity entrepreneurship, high expectation entrepreneurship, poverty, unemployment, sustainable developmentAbstract
The focus of this research was on small-scale firms' entrepreneurial actions for long-term development in Nigeria. As a result, the study looked into the role of SMEs in entrepreneurial success and the extent to which SME owners' entrepreneurial actions might help Nigeria achieve sustainable development. The study was conducted on 100 SMEs from five states in Nigeria making the population of 2,111. The sample size of the study (336) was determined using Taro Yamane sampling techniques, and Bowler’s proportional allocation method to allocate sub-sample for each sub-universe. The study adopted multi-stage sampling techniques, and simple random sampling to choose the required samples for the sub-universes. The study gathered its data from the field, and its information through secondary source. This study analyzed the data collected with descriptive method and Likert statistical method. The study revealed that SMEs have made little significant contribution to entrepreneurial success, and that entrepreneurial action of SME owners is insufficient for sustainable development in Nigeria. Thus, the study concluded that sustainable development can only be achieved when SME owners reshape their thinking and improve on their actions towards entrepreneurial engagement in Nigeria.
Downloads
References
Adegbite S.I. (2009). Firms Performance Analysis in Nigeria, Akure, Oniboloje Publisher
Ajegi, S.O. (2012). The Affluence of Poverty: A Critical Evaluation of Nigeria Poverty Reduction Programmes. In I. Adofu and O. Akoji (eds.). Alleviating Poverty Through The Use Of Entrepreneurship Skill Acquisition in Kogi State, Nigeria. International Open Journal of Economics Vol. 1(2): PP: 14-23
Ayodeji, A.R. and Balcioglu, H. (2010). Financing industrial Development in Nigeria: A case study of the Small and medium Enterprises in Kwara State, Global Journal of Management and Business Research, Vol. 10(3), Pp.46-60
Berglund, H. (n.d). Toward A Theory Of Entrepreneurial Action Exploring Risk, Opportunity and Self in Technology Entrepreneurship. Department of Technology Management and Economics Chalmers University of Technology
Bosma, N., Praag, M.V. and Wit, G.D. (2000). Determinants of Successful Entrepreneurship. Research Report 0002/E: SCientific AnaLysis of Entrepreneurship and SMEs. Pp. 1-41
Ebiringa, T. (2012). Perspectives: Entrepreneurship Development and Growth of Enterprises in Nigeria. Entrepreneurial practice review. Vol. 2(2).
Frese, M. (2009). Toward a Psychology of Entrepreneurship —An Action Theory Perspective. Foundations and Trends in Entrepreneurship. Vol. 5(6): pp. 437–496
Gamez, M. R., Perez, A. V., Falcones, V. A. M., & Bazurto, J. J. B. (2019). The geoportal as strategy for sustainable development. International Journal of Physical Sciences and Engineering, 3(1), 10–21. https://doi.org/10.29332/ijpse.v3n1.239
Garga, P. and Bagga, R. (2009). A Comparative Study of Opportunities, Growth and Problems of Women Enterpreneurs; Asia-Pacific Business Review, Vol. 5(1).
Gielnik and Frese, M. (2013). Entrepreneurship and Poverty Reduction: Applying I-O Psychology to Micro business and Entrepreneurship in Developing Countries. In J. Olson Buchanan, L. k. Bryan and L.F. Thompson (eds.). Using I-O Psychology for the Greater Good: Helping those Who Help Others. New York: Routledge, Taylor and Francis. Pp. 394-438
Hendrix, M.K. (2014). Sustainable Backyard Polyculture: Designing for Ecological Resiliency, ebook edition, Smashwords.
Jemi-Alade. (2013). Acceptance Speech by Jemi-Alade during the Swearing in Ceremony as the Chairman Elect of the National Association of Small and Medium Enterprises (NASME). In O.M. Oyeku, O.O. Oduyoye, G.N. Elemo, A.F. Akindoju and F.A. Karimu (eds). Entrepreneurial Capability and Entrepreneurial Success of Small and Medium Enterprises: A Review of Conceptual and Theoretical Framework. Humanities and Social Sciences. Vol.4(17): pp. 136- 143
Ki-Moon, B. (2012). Promoting Skills for Sustainable Development. United Nations Educational, Scientific and Cultural Organization. Retrieved from www.unesco.org/education
Lawal, A.A. (2011). Strategic Importance of Nigerian Small and Medium Enterprises: Separating the Reality from the Myth. In K.L. Olusegun, I.K. Olaoye and A.M. Abdulrahaman (eds). Knowledge Management and Entrepreneurial Success International Journal of Economics, Commerce and Management. Vol. 3 (9): pp. 311- 322
Mbaegbu DGE (2008). Entrepreneurship Development Theories: An Overview and Critique. In S.P. Teru (eds). Evaluation of the Impact of Entrepreneurship on Nigerian Economic Development (A Case Study of Jalingo Local Government Area of Taraba State, Nigeria). Pearl Journal of Management, Social Science and Humanities. Vol. 1 (4): Pp. 69-77
Musa, S.J, Success, B.E and Iyaji, D (2014). The role of auditors in the recent Nigerian banking crisis. International Journal of Academic Research in Business and Social Science. Vol. 4, issue 3
Musa, S.J., Ifurueze, S.M and Bernard, O.A (2013). Fiscal federalism and the issue of resource control in Nigeria: The challenges, options & strategies, European Journal of economics, finance and administrative sciences. Vol. 15.
Musa, S.J., Ifurueze, S.M and Success, B.E (2013). The impact of monetary and fiscal policies on the Nigerian exchange rate between 1990 and 2009. Asian economic and financial review, Vol. 3, issue 9.
Musa, S.J; Success, B.E and Nwaorgu, I. A (2015) System of payroll in the public sector administration. Asian Development Policy Review, Vol. 3, issue 1.
Odubajo, K. (2001). Relevance of Small Scale Enterprises in Development of Nigeria Economy. In K.L. Olusegun, I.K. Olaoye and A.M. Abdulrahaman (eds). Knowledge Management and Entrepreneurial Success. International Journal of Economics, Commerce and Management. Vol. 3 (9): pp. 311- 322
Oduwole T.A. and Fadeyi A.O. (2013). Gender, Economic Activities and Poverty in Nigeria, Journal of Research in Peace, Gender and Development (JRPGD), Vol. 2(7), pp. 106- 125
Oghojafor, B.E.A., Olayemi, O.O., Okonji, P.S. and Olayiwola, P.O. (2011). Entrepreneurship as an Intervention Strategy to Poverty Alleviation in Developing Economy. 10th International Entrepreneurship Forum, Tamkeen, Bahrain, pp.1-10
Ogundele, J.J.K., Akingbade, W.A and Akinlabi, H.B. (2012). Entrepreneurship training and education as strategic tools for poverty alleviation in Nigeria. In A.J. Idris and K.C. Agbim (eds.). Micro-Credit as a Strategy for Poverty Alleviation among Women Entrepreneurs in Nasarawa State, Nigeria. Journal of Business Studies Quarterly, Vol. 6(3): pp. 122-143
Okolo, A.N., Ezegbe, B.N. and ESKAY, M. (2014). Entrepreneurship Education: A Panacea for Alleviating Poverty in Enugu State Nigeria. Global Journal for Research Analysis. Vol. 3(8): pp. 64-66
Oladele, R. (2014).Catalyzing the Development of MicroSMEs in Nigeria: The Role of Institute of Entrepreneurs. In O.M. Oyeku, O.O. Oduyoye, G.N. Elemo, A.F. Akindoju and F.A. Karimu (eds). Entrepreneurial Capability and Entrepreneurial Success of Small and Medium Enterprises: A Review of Conceptual and Theoretical Framework. Humanities and Social Sciences. Vol.4(17): pp. 136- 143
Olusegun, K.L., Olaoye, I.K. and Abdulrahaman, A.M. (2015). Knowledge Management And Entrepreneurial Success. In The Nigerian Small And Medium Enterprises International Journal of Economics, Commerce and Management. Vol. 3 (9): pp. 311- 322
Onwurafor E. U. and Enwelu I. A. (2013). Rural Women Entrepreneurship In Agro-Food Processing In Enugu State, Nigeria. International Journal of Research in Applied, Natural and Social Sciences. Vol. 1(2), pp. 13-30
Oyeku, O.M., Oduyoye, O.O., Elemo, G.N., Akindoju A.F. and Karimu, F.A. (2014). Entrepreneurial Capability and Entrepreneurial Success of Small and Medium Enterprises: A Review of Conceptual and Theoretical Framework. Research on Humanities and Social Sciences. Vol.4(17): pp. 136-143
Patzelt, H. andShepherd, D.A. (2011). Recognizing Opportunities for Sustainable Development. Entrepreneurship Theory & Practice. Baylor University. Pp. 631-652
SNV/WBCSD (2007). Promoting Small and Medium Enterprises for Sustainable Development. In R.U. Etuk, G.R. Etuk and M. Baghebo (eds.). Small And Medium Scale Enterprises (SMEs) and Nigeria’s Economic Development. Mediterranean Journal of Social Sciences. Vol. 5(7): Pp.656-662.
Susilo, C. B., Jayanto, I., & Kusumawaty, I. (2021). Understanding digital technology trends in healthcare and preventive strategy. International Journal of Health & Medical Sciences, 4(3), 347-354. https://doi.org/10.31295/ijhms.v4n3.1769
UNCSD. (2001). United Nations Commission on Sustainable Development. In H. Patzelt and D.A. Shepherd (eds.). Recognizing Opportunities for Sustainable Development. Entrepreneurship Theory & Practice. Baylor University. Pp. 631-652
Widana, I.K., Sumetri, N.W., Sutapa, I.K., Suryasa, W. (2021). Anthropometric measures for better cardiovascular and musculoskeletal health. Computer Applications in Engineering Education, 29(3), 550–561. https://doi.org/10.1002/cae.22202
Published
How to Cite
Issue
Section
Copyright (c) 2022 International journal of health sciences
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Articles published in the International Journal of Health Sciences (IJHS) are available under Creative Commons Attribution Non-Commercial No Derivatives Licence (CC BY-NC-ND 4.0). Authors retain copyright in their work and grant IJHS right of first publication under CC BY-NC-ND 4.0. Users have the right to read, download, copy, distribute, print, search, or link to the full texts of articles in this journal, and to use them for any other lawful purpose.
Articles published in IJHS can be copied, communicated and shared in their published form for non-commercial purposes provided full attribution is given to the author and the journal. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal.
This copyright notice applies to articles published in IJHS volumes 4 onwards. Please read about the copyright notices for previous volumes under Journal History.
