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07030248044CHAPTER ONE
INTRODUCTION
BACKGROUND OF THE STUDY
The Nigerian entrepreneurial environment had been in existence since the colonial era and it was predominantly by the colonial masters. It was after Nigeria got her independence that the Nationals started clamoring for indigenization. This led to the period where the Nationals got involved in the business sector and this gave birth to entrepreneurship. The Nigerian entrepreneurial environment has not been conducive for entrepreneur to tap into judging by the current level of unemployment which should be nerve-racking for Nigeria’s leaders. A business does not operate in a vacuum. Normally, a business operates in a multi faced environment. The environment itself is subject to a large degree of change. The affiliation between business and its environment is one of mutuality: that is, the environment exerts hassle on the business while the business, in turn, influences some aspects of its environment. The nature of the environment in which the business enterprise operates therefore needs to be clearly understood by managers. (ICAN, 2009).
The relationship between entrepreneurship performance and the entrepreneurial environment has been given attention in the last few decades. The Nigerian business environment has been evaluated and assessed by several scholars and several suggestions have been recommended but there has been no visible change, particularly in the area of unemployment in the country .A recent survey conducted by the National Bureau of Statistics in 2011 showed that overall unemployment rate increased from 21.4 per cent in 2010 to 23.9 per cent in 2011. Further analysis showed that the unemployment rate in rural and urban areas was 25.6 and 17.1 per cent respectively. People who are less than 14 years constituted 39.6 per cent while those between 15 and 64 years constituted 56.3 per cent. (National Bureau, 2012). A entrepreneurial environment comprises of such factors as infrastructure, cultural, economic, social and political environments. These environmental forces have been found to be capable of either impeding or facilitating entrepreneurial activities in any economy. The World Bank is of the opinion that improvements in the enabling environment leads to greater levels of investment by the private sector, more wealth, job creation, and ultimately more poverty alleviation. The best way for government to understand how to improve the enabling environment is to involve the private sector through consultation and dialogue and, in particular, to understand and address the private sector’s needs and priorities as they are actively involved in nation’s building. Entrepreneurial development has continued to be a popular concept in the world due to its leading role as catalyst for nation’s growth and economic development. Entrepreneurship globally, can boast of being a major employer of labour if compared to major industries and multinationals (Kadiri, 2011). The Nigerian government has initiated several programmes that are geared towards the mobilization, training and supporting initiatives that will promote financial literacy and entrepreneurship development.. The relationship between business and its environment is one of mutuality: that is, the environment exerts pressure on the business while the business, in turn, influences some aspects of its environment. (ICAN, 2009).
STATEMENT OF THE GENERAL PROBLEM
The poor business performance of growth as a result of lack of favourable environment for business to thrive in Nigeria has resulted to the increase in unemployment as the entrepreneurship sector has been known overtime as the highest employer of labour, the increase in unemployment has also affected the security situation of the country and may have been responsible for the current economic recession that the nation is slowly recovering from. the lack of favourable policies by government at all levels for entrepreneurial success have inhibited the growth and development of the sector which is not the case in other advanced economies we seek to emulate as their consciously create a conducive entrepreneurial environment for business success and performance.
PURPOSE OF THE STUDY
The major aim of the study is to examine the relationship between entrepreneurial environment and performance in Emzor pharmaceutical company in Nigeria. Other specific objectives of the study include;
RESEARCH QUESTIONS
RESEARCH HYPOTHESES
H0: Entrepreneurial environment has no significant impact economic development in Nigeria.
H1: Entrepreneurial environment have significant impact economic development in Nigeria.
H0: There is no significant relationship between entrepreneurial environment and business performance in Emzor pharmaceutical company.
H1: There is a significant relationship between entrepreneurial environment and business performance in Emzor pharmaceutical company.
SIGNIFICANCE OF THE STUDY
Entrepreneurial environment is multifaceted, complex, and dynamic in nature and has a critical impact on the performance and growth of businesses in Nigeria. The proper understanding of the social, political, legal and economic environment will help the entrepreneur to determine opportunities and threats to its business. The environmental analysis of entrepreneurs makes the tasks of entrepreneurs easier in dealing with business challenges, image building and meeting with competition to achieve performance and growth in Nigeria. The interaction between the business and its environment is therefore imperative to give direction for growth and expansion of the entrepreneurships business showing their sensitivity to the environment within which they are domiciled.
The study would be of immense importance towards the development of entrepreneurship in Nigeria as it would improve job creation and economic development. The study would also benefit students, researchers and scholars who are interested in developing further studies on the subject matter through the provision of relevant literature.
SCOPE AND LIMITATION OF THE STUDY
The study is restricted to entrepreneurial environment and performance in Emzor pharmaceutical company Lagos state as the case study.
LIMITATION OF THE STUDY
Financial constraint- Insufficient fund tends to impede the efficiency of the researcher in sourcing for the relevant materials, literature or information and in the process of data collection (internet, questionnaire and interview).
Time constraint- The researcher will simultaneously engage in this study with other academic work. This consequently will cut down on the time devoted for the research work.
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