Managerial Skill and Entrepreneurship Performance in Small and Medium-Scale Enterprises in Anambra State
- Post by: ejem
- November 29, 2022
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The study examined Managerial Skill and Entrepreneurship Performance in Small and Medium Scale Enterprises in Anambra State. The specific objectives were to examine the impact of technical skills on product innovation and the impact of conceptual skills on product development. A sample size of 326 was derived from a population of 2,147. A descriptive survey design was utilized. The analysis was done using a table; frequencies, and standard deviation with correlation analysis (r), coefficient of determination (R2), and F-test. The findings revealed that technical skill has a significant impact on product innovation with (R=0.824, p-value<0.001), F value and the p-value (583.224, 0.000) shows that these results are significant. It was also indicated that conceptual skill has a positive impact on product development (R=0.903, p-value<0.001). In conclusion, the entrepreneurial development process, procedures, and skill acquisition must entrench certain skills which will transform the entrepreneur into an innovator, taskmaster, mediator, and motivator. It was recommended that SMEs policies should make specific provisions to complement existing training initiatives with new strategies aimed at facilitating access to training by SMEs. Training must become more sector-specific, focusing on the particular needs and practical problems of SMEs.
Keywords: Managerial Skill; Entrepreneurship Performance; Small and Medium-Scale Enterprises
1Nwogu, Onyebuchi Nicholas and 2Okechukwu, Elizabeth Uzoamaka PhD
FULL PDF | DOI: https://doi.org/10.5281/zenodo.7375362