The Place of Entrepreneurship Competence in Business Success and National Development

The pivotal position occupied by entrepreneurship as a lasting tool for rapid economical growth and development of a country may not be over emphasized. This is obvious in several available literatures authored by scholars on the subject matter but a closer examination of these literatures show bent emphasis and concentrations on some common areas relating to entrepreneurship. usluge

Increasing contests, rapid and frequent changes in internal and exterior environment of business activities, and the numerous impact of Small and Method Scale Enterprises (SMEs) on the economy generally have triggered a growing interest in studying the role of factors stimulating successful entrepreneurship, business success and national development. 

Though, entrepreneurship, have played and can play more of these positive roles, is not a fairly easy vocation as it does not always assure a hundred per nickle triumph. There are numerous critical areas of knowledge and factors that must be obtained make in destination to permit entrepreneurs achieve a strategy of business success and consequently contributing to nationwide development.

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

Most literatures relating to entrepreneurship and entrepreneurship success tend to unquestionably believe that most entrepreneurial fiascos are essentially due to limited financial resources (e. g. Adeyemo and Onikoyi, 2012). Such research outcomes have no doubt influenced govt policy direction in many developed and developing countries of the world through the creation of financial agencies and provision of financial resources to business units for the only purpose of boosting and sustaining entrepreneurial development for rapid national development.

The above, policy strategy however has led to the continuous negligence on the part of the us government, students and business operators in these countries to considering other essential factors like entrepreneurial competency which similarly contributes to successful entrepreneurship, business success and nationwide development.

The current literatures on the subject do not provide sufficient information to the role basic and/or specific competences play in successful entrepreneurship, business success and national development. This has thus, made the partnership between enterprisinggo-getting, gumptious, pioneering, up-and-coming competence and entrepreneurship success to make a big difference topic within organizational literatures. The above fact is evident in a number of available studies done by scholars on the subject matter (e. g Crook, Todd, Spines, Woehr, and Ketchen, 2011; Mitchelmore and Rowley, 2010; Inyang and Enuoh, 2009; Laguna, Wiechetek, and Talik, 2013 e. t. c).

Several of these studies discovered entrepreneurship competences like communication proficiency, financial competence, marketing skills, business ethics competence, interpersonal responsibility competence, decision-making proficiency and leadership competence as catalysts to entrepreneurship success and national development. All of us shall be duelling on our discussion more on these entrepreneurial competences to see how they independently contribute to successful entrepreneurship, business success and countrywide development.

As said prior at the beginning, entrepreneurship and entrepreneurship success play strategic roles in monetary growth, economical transformation and development of the contemporary society. These roles are obvious in the amounts of jobs created, the level of wealth made and the rate of local entrepreneurship promoted in a number of countries around the world.

Certainly that government of the world have put great efforts to promote entrepreneurship development, business success and economical development through accessibility of financial resources straight or otherwise through various agencies and under different conditions and conditions, this fact prompt one to ask something of high concern.

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