A Short Guide On Company Management Skills

The pivotal position occupied by entrepreneurship as a sustainable tool for rapid financial growth and development of a country can't be over emphasized. This is evident in several available literatures written by scholars on the topic matter but a more in-depth examination of these literatures show tilted emphasis and concentrations on some common areas relating to entrepreneurship.

In like manner, entrepreneurial competences are critical success factors required 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 absolutely no substitute for entrepreneurship competence for successful entrepreneurship, not even abundant monetary resources can. There is no doubt as explained, entrepreneurial competence play crucial role in almost any successful entrepreneurial activities.

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

Though, entrepreneurship, have played as well as can play more of these positive roles, isn't a very easy vocation as it isn't going to always guarantee a hundred per cent triumph. You'll find several critical areas of knowledge and factors that must be acquired and put in place to enable entrepreneurs achieve a measure of business success and consequently leading to national development.

Several researches have been conducted in areas of entrepreneurship competency, entrepreneurship success and national development.

Most literatures relating to entrepreneurship and company management entrepreneurship success often unquestionably argue that most entrepreneurial fiascos are essentially because of 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 through 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.