What Are The 4 Main Benefits Of Company Management Skills

The pivotal position occupied by entrepreneurship as a sustainable tool for rapid economic development along with growth of a country cannot be over emphasized. This really is evident in several available literatures written by aimscolleges.com 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 is no substitute for entrepreneurship competence for successful entrepreneurship, not even abundant financial resources can. There's absolutely no doubt as explained, entrepreneurial competence play important role in any successful entrepreneurial activities.

Increasing competitions, rapid and constant changes in internal and external environment of business activities, and also the significant influence of Medium and small Scale Enterprises (SMEs) on the economy generally have resulted in an increasing interest in studying the role of aspects stimulating successful entrepreneurship, business success and national development.

However, entrepreneurship, have played and can also play more of these positive roles, is not an easy vocation as it does not always guarantee a hundred per cent triumph. You can find 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 adding 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 often unquestionably argue that most entrepreneurial fiascos are essentially because of inadequate monetary resources (e.g. Adeyemo and Onikoyi, 2012). Such research outcomes have without doubt influenced government policy direction in lots of developed and developing countries of the world over the establishment of financial agencies and provision of financial resources to business units for the sole purpose of boosting and sustaining entrepreneurial development for rapid national development.