The pivotal position occupied by entrepreneurship as a sustainable tool for rapid economic development and growth of a country cannot be over emphasized. This really is evident in several available literatures authored by scholars on the topic matter but a more in-depth study of these literatures show tilted emphasis and concentrations on some common areas relating to entrepreneurship.
In like manner, entrepreneurial competences are critical success factors necessary 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 no substitute for entrepreneurship competence for successful entrepreneurship, not even abundant financial resources can. There's no doubt as explained, entrepreneurial competence play important role within 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 Small and medium Scale Enterprises (SMEs) on the economy generally have resulted in an increasing interest in studying the role of aspects stimulating successful entrepreneurship, business development success and national development.
Even though, entrepreneurship, have played and may play more of these positive roles, isn't a simple vocation as it doesn't always guarantee a hundred per cent triumph. There are several critical areas of knowledge and factors that has to be acquired and put in place to enable entrepreneurs achieve a measure of business success and consequently contributing to national development.
Several researches happen to be conducted in areas of entrepreneurship competency, entrepreneurship success and national development.
Most literatures relating to entrepreneurship and entrepreneurship success tend to unquestionably argue that most entrepreneurial fiascos are essentially due to inadequate financial resources (e.g. Adeyemo and Onikoyi, 2012). Such research outcomes have without doubt influenced government policy direction in many developed and developing countries of the world throughout the creation of financial agencies and provision of monetary resources to business units for the sole purpose of boosting and sustaining entrepreneurial development for rapid national development.
In like manner, entrepreneurial competences are critical success factors necessary 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 no substitute for entrepreneurship competence for successful entrepreneurship, not even abundant financial resources can. There's no doubt as explained, entrepreneurial competence play important role within 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 Small and medium Scale Enterprises (SMEs) on the economy generally have resulted in an increasing interest in studying the role of aspects stimulating successful entrepreneurship, business development success and national development.
Even though, entrepreneurship, have played and may play more of these positive roles, isn't a simple vocation as it doesn't always guarantee a hundred per cent triumph. There are several critical areas of knowledge and factors that has to be acquired and put in place to enable entrepreneurs achieve a measure of business success and consequently contributing to national development.
Several researches happen to be conducted in areas of entrepreneurship competency, entrepreneurship success and national development.
Most literatures relating to entrepreneurship and entrepreneurship success tend to unquestionably argue that most entrepreneurial fiascos are essentially due to inadequate financial resources (e.g. Adeyemo and Onikoyi, 2012). Such research outcomes have without doubt influenced government policy direction in many developed and developing countries of the world throughout the creation of financial agencies and provision of monetary resources to business units for the sole purpose of boosting and sustaining entrepreneurial development for rapid national development.