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| Entrepreneurship Education and Managerial Competence among Smes in Anambra State, Nigeria. |
Ndubuisi-Okolo Purity.U.(Ph.D),Attah Emmanuel Yusuf(Ph.D) and Chime .U.F.
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Abstract:
Business activities among traders in Anambra State seem to be changing from what it was formerly known for especially the Small Scale businesses. This is because of globalization, inadequate financial resources, poor business connections, paucity of experience, inability to cope with competition, poor sales and high stock of inventory, high operating costs as a result of poor infrastructure, inefficient management, poor business education. This study set out to ascertain the extent to which entrepreneurship education affects managerial competence among traders in Anambra State; to ascertain the effect of participating in business workshop on performance of SMES in Anambra State; and to determine the effect of acquired technical know-how on the turnover of SMES in Anambra State. Research questions and hypotheses were set in line with the objectives of the study. The study adopted a survey research design and a sample size of 196 respondents were drawn from a total population of 386 SMEs of the two selected cities in Anambra State. Although 180 copies of the questionnaire were correctly filled, returned and used for the analysis. Descriptive statistics was used for the analysis. Findings showed that there is a significant positive relationship between performance of SMES and entrepreneurship education as indicated by r- value of = 0.79 at 0.05 level of significance. Also, acquired technical know-how has improved traders' business turnover showing a value of r = 0.75 at 0.05 level of significance. The study concluded that entrepreneurship education is the major ingredient that traders in Anambra State need in order to improve their business, technical know-how, mindset, turnover and other aspects of their businesses to achieve maximum profit. The study recommended that government of Anambra State need to create a conducive entrepreneurship centers within the business eco-systems to enable SMEs operators attend workshops when slated. Government agencies in charge of Trade and Commerce in Anambra State need to guide and assist traders by offering them financial aid, infrastructure as required and less taxation.
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