Entrepreneur’s Level of Management Skills and Performance of Small and Medium Enterprises (SMES) in the Automobile Industry: Evidence from Anambra State Nigeria
Journal Title: International Journal of Trend in Scientific Research and Development - Year 2020, Vol 4, Issue 3
Abstract
This study examined Entrepreneur’s level of management skills and performance of Small and Medium Enterprises SMEs in the automobile industry Evidence from Anambra State, Nigeria. The study modelled the effect of entrepreneur’s planning skills, entrepreneur’s human resource management skills, entrepreneur’s logistics management skills, entrepreneur’s management information skills, entrepreneur’s quality assurance skills, entrepreneur’s financial management skills and entrepreneur’s monitoring and evaluation skills on the performance of automobile industry using an econometric regression model of the Ordinary Least Square OLS . The population of the study consists of 2698 registered SMEs in the automobile industry in the state. A sample of 384 was determined using Taro Yamani formula. Out of the 384 respondents sampled only 378 responded and were used for the analysis. Findings revealed that Planning Skills, HRM skills, Logistics Management Skills, Management Information Skills, Quality Assurance Skills, Financial Management Skills and Monitoring and Evaluation Skills are significant determinant of performance of SMEs in Automobile Industry. The study therefore recommends that upcoming entrepreneurs should strive to acquire planning skills if it is not innate in them. This is because people with entrepreneurial planning skills tend to have high productivity or creativity and ability to correctly calculate the time it will take to do a determined task. Practicing and intending entrepreneurs should be trained on human resource management. This is because a good human resource manager can acquire or hires competent human resources and also can set out training required to develop skills among others. Onwuteaka, Ifeoma Cecilia | Ezeanolue, Uju Scholastica | Okoli, Ikechukwu Moses "Entrepreneur’s Level of Management Skills and Performance of Small and Medium Enterprises (SMES) in the Automobile Industry: Evidence from Anambra State, Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-4 | Issue-3 , April 2020, URL: https://www.ijtsrd.com/papers/ijtsrd30332.pdf Paper Url :https://www.ijtsrd.com/management/business-administration/30332/entrepreneur%E2%80%99s-level-of-management-skills-and-performance-of-small-and-medium-enterprises-smes-in-the-automobile-industry-evidence-from-anambra-state-nigeria/onwuteaka-ifeoma-cecilia
Authors and Affiliations
Onwuteaka Ifeoma Cecilia | Ezeanolue Uju Scholastica | Okoli Ikechukwu Moses
Keywords
Related Articles
- EP ID EP686097
- DOI -
- Views 134
- Downloads 0
Addressing Sustainability Exposures through Corporate Social Responsibility in Nigeria An International Perspective
There has been considerable progress in holding companies accountable for their social responsibility performance. However, progress on socio economic and environmental impact of their practices has been more limited the...
Chemical and Microbial Reactions Occurring during Vermicomposting
Vermicomposting is a unique process that occurs in earthworms gut to convert organic wastes into organic fertilizer or vermicompost by using joint action of earthworms and microorganisms. Organic wastes used were the mix...
Constraints to Accessing Micro-Credit and Loan Scheme of Bank of Agriculture among Farmers in Enugu State, Nigeria: Implications for Extension Service Delivery
The study examined constraints to accessing micro-credit/loan scheme of Bank of Agriculture (BOA) among farmers in Enugu State, Nigeria: Implications for extension service delivery. Purposive and simple random sampling t...
The Relationship of Emotional Intelligence with Anxiety among Students
Anxiety is not a new term in the educational environment in modern times. From exam anxiety to adjustment problem at the school or university, anxiety has adverse effects on the performance and level of mental health of...
Bacteriological Profile and Antimicrobial Sensitivity Pattern of Blood Culture Isolates among Septicemia Suspected Patients in the University Teaching Hospital UTH Yaoundé, Cameroon
BACKGROUND Septicemia constitutes a significant public health problem and it is an important cause of morbidity and mortality in hospitalized patients especially in children and neonates in developing countries, where id...