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THE EFFECTS OF ENTREPRENEURIAL
CHARACTERISTICS ON BUSINESS PERFORMANCE IN JOS NORTH L.G.A
ABSTRACT
The study examines the effect of entrepreneurial
characteristics on business performance in Jos North. The research questions
that guided the study were: What are the characteristics of an entrepreneur?
What is the relationship between entrepreneurship traits and business
performance? What are the challenges militating against entrepreneurs in the
performance of their business? A survey method was used for this study. The
population of the entire business entrepreneur in Ahmadu Bello Way Jos North
Local Government Area of Plateau State. Out of 1050 persons 180 persons were
selected as the sample size. A questionnaire developed in five Likert scale was
used to obtain data. Mean scores was used to analyze the data obtained from the
field. The result of the analysis indicates that entrepreneurial
characteristics in an entrepreneur facilitate effective management and
creativity required to survive in the competitive business world today. The
characteristics of an entrepreneur are basically risk taking, creativity, goal
oriented and need for achievement, strong leadership quality and forecasting in
to the future enhances the performance of an entrepreneur. Inspite of this,
entrepreneurship in Jos North is constraint with problems arising from
inability to access loan, poor infrastructural facilities as well as
unconducive environment sequel to political crisis.
TABLE OF CONTENT
Title Page - - - - - - - - - - i
Declaration - - - - - - - - - ii
Approval Page - - - - - - - - - iii
Dedication - - - - - - - - - - iv
Acknowledgement - - - - - - - - v
Abstract - - - - - - - - - - vi
Table of Contents - - - - - - - - vii
CHAPTER
ONE
INTRODUCTION
1.1
Background of the study - - - - - - 1
1.2
Statement of problem- - - - - - - - 2
1.3 Objectives of the study- - - - - - - 3
1.4
Significance of the study- - - - - - 4
1.5
Research Question- - - - - - - - 4
1.6 Scope
of the study- - - - - - - 5
1.7 Limitation of the study- - - - - - - 5
1.8
Definition of terms- - - - - - - 6
CHAPTER TWO -
LITERATURE REVIEW
2.1
Introduction- - - -- - - - - - 7
2.2
Concept of entrepreneurship- - - - - - 7
2.3 The characteristics of an entrepreneur - - - - 12
2.4 The
effect of entrepreneurial characteristics on business performance - - - - - - - - 17
2.5 The
practical approaches to entrepreneurship development - 19
2.6 The
problems militating against entrepreneurship development in Nigeria - - - - - - - - - - 31
CHAPTER THREE
- RESEARCH METHODOLOGY
3.1 Introduction - - - - - - - - - 34
3.2 Research Design - - - - - - - - 34
3.3 Area of the Study - - - - - - - - 34
3.4 Population of the Study- - - - - - - 35
3.5 Sample Size and Sampling Techniques - - - - 35
3.6 Instrument of Data Collection - - - - - 35
3.7 Validation of Instrument - - - - - - 35
3.8 Reliability
of instrument - - - - - - 36
3.9 Method of Data Collection and Justification - - - 36
3.10 Method
of Data Analysis and Justification - - - 36
CHAPTER
FOUR: DATA PRESENTATION AND ANALYSIS
4.1 Introduction - - - - - - - - 38
4.2 Characteristic of Respondents - - - - - 38
4.3 Data Presentation and Analysis - - - - - 39
4.4 Summary of Findings - - - - - - - 43
4.5 Discussion of Findings - - - - - - 44
CHAPTER FIVE: SUMMARY, CONCLUSION, AND
RECOMMENDATIONS
5.1 Summary - - - - - - - - - 45
5.2 Conclusion - - - - - - - - 46
5.3 Recommendations - - - - - - - 47
References - - - - - - - - - 49
Questionnaire - - - - - - - - 51
CHAPTER
ONE
INTRODUCTION
1.1 Background of the Study
An entrepreneur is an innovator who implements
changes within a market through the carrying out of new combinations. The
carrying out of new combination can take several forms; the introduction of a
new good quality, there fore; the introduction of a new method of production,
the opening of a new market; the congress of a new source of new materials or
parts; the carrying out of the new organization of any industry. Further more,
an entrepreneur is an individual that identifies, develop and brings vision to
life under condition of risk and a considerable uncertainty. The vision may be
an innovative idea, an opportunity or simply a better way to do something (Mamma,
2010).
This
is the reason why it is often said that every entrepreneur is a human being but
not every human being is an entrepreneurs. Going by this adage; it can be said
that entrepreneurs are special people with distinguishable features or
characteristics. As such an entrepreneur is result oriented; future oriented;
creative, innovative, has self confidence; has a good human relations; must be self-discipline; copies with
uncertainty and above all profit oriented.
A
lot of business falls due to the inability of the innovators of such business
to exhibit the time entrepreneurial characteristic in the day to day management
of their business enterprise, hence such business do not stand the test of
time. This is evident in the way and manner in which small and medium scale
business collapse in Nigeria. It is against this background that the research
sees the subject matter of this research: the effect of this entrepreneurial
characteristic of business performance worthy of empirical investigation.
1.2 Statement of problem
Launching
into a business venture without having the basic trade instinct or the
characteristic of an entrepreneur is suicidal. This is so because such an
enterprise cannot stand on the test of time. For instance, an individual who
goes into business initially must face difficulty before the business
break-even. However, people who do not have trait of an entrepreneur would not
be patient enough to nurture a business to a profit-making stage. This is the
reason why so many small and medium scale businesses fail. The inability to
effectively exhibit a basic trade instinct as well as lack of motivation,
goals, and talent for venture creation sequel to the absence of entrepreneurial
characteristics in most business proprietor impedes the performance of business
enterprise in no small way. As such, the subject matter of this research
becomes an empirical issue worthy of investigation.
1.3 Objectives
of the study
The central subject of the study is to examine
the effect of entrepreneurial
characteristic of business performance in Jos North Local Government Area, Plateau
State;
The specific objectives are to:
i.
Identify the characteristics of
an entrepreneur.
ii.
Evaluate the relationship
between entrepreneurship traits and business
performance.
iii.
Identify the problems militating
against entrepreneurs in the performance of their business.
iv.
To proffer solutions to the
identified problems
1.4 Significance
of the study
The
study will be beneficial to entrepreneurship development; as such joss north
can utilize the findings of the research as a basis for policy formulation as
regard entrepreneurship development.
The
study will also contribute to the existing knowledge on entrepreneurship
development.
It
is also worthy to note that the study can be use as a basis for further research,
as the research can be use as a spring board for further research as well as a
good reference material to students undertaking similar research.
1.5 Research
Question
i)
What are the characteristic of an entrepreneur?
ii)
What is the relationship between entrepreneurship
traits and business performance?
iii)
What are the challenges militating
against entrepreneurs in the performance of their business.
1.6
Scope of the study
The
study covers an empirical examination of the effect of entrepreneurial
characteristics on business performance. The study also identifies the
practical approaches use in developing entrepreneurship as well as the problems
militating against entrepreneurship development. The study is limited to joss
north local government area of plateau state.
The
study covers a time from 2006 – 2011.
1.7
Limitation of the study
The
study is limited to Jos Local Government Area of Plateau State, as it will be
difficult to generalize the findings to other states.
For
the fact that a survey study was used as the research design as well as the
questionnaire as the research instrument, it is not certain if the same result
would be obtained if other designs and instruments were used. Besides, another
limitation is that the respondents could have either over exaggerated or
understate their responses while scoring the items in the questionnaire. Also
the nonchalant attitude of some of the respondents could affect the validity of
their response to the questionnaire. This limitation should be taking
cognizance of other researches conducting similar studies.
1.8
Definition of terms
- Entrepreneurship:
is an innovative act, which includes endowing existing resources for new wealth
– producing capacity (Afonja, B. 1999).
- Entrepreneur:
An individual that identifies develops and brings vision to life under –
condition of risk and a considerable uncertainty (Bashar, O. 2005)
- Entrepreneurial
Characteristic: These are traits that make an individual an
entrepreneur (Tonga, R. 2009).
- Business
Performance: The success or failure of an enterprise (Tonga, R. 2009).
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