ENTREPRENEURSHIP CHALLENGES IN COVID-19 ERA: A CASE-STUDY OF NIGERIAN AND CHINESE ENTREPRENEURS
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Date
2023-08-06
Authors
Banwo, A. O.
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Eureka-Unilag, A Journal of the Department of European Languages and Integration Studies, Faculty of Arts, University of Lagos, Akoka, Yaba, Lagos, Nigeria. A Special Edition in Honour of Unionmwan Edebiri
Abstract
This study examines the influence of the Coronavirus pandemic on the entrepreneurial nature of two countries, Nigeria and China. The outbreak of the pandemic has sent
rippling effects on the economic activities of most nations like Nigeria and China. This work argues that entrepreneurs can flourish when the environment is conducive for
business to thrive. Government response to COVID-19 resulted in the formulation of certain policies such as lockdowns, containment, isolation, and travel bans to further
prevent the spread of the disease. These policies have a catastrophic effect on entrepreneurs who are seen as the drivers and innovators of the economy. Data
for this work were obtained through homogenous purpose sampling and analyzed through content analysis. Resource materials related to coronavirus, entrepreneurship,
methods, and style were downloaded from the internet and were selected for the study. This work adopts the Psychological and Integrated Models as its theoretical framework. It recognizes entrepreneurship skills to include strategic thinking, risk-taking, motivation, and efficiency. Others include resilience, concise communication,
networking skills, and finance management. This study agrees with social scientists who have asserted that the government has a responsibility to provide a conducive, safe, and healthy environment for people to engage in any form of economic activity. It suggests that a favorable economic or political climate would ensure that the means of
production are adopted by entrepreneurs. This study concludes that coronavirus shocks and effects on entrepreneurs are calamitous and disastrous and as such business
procedures and innovation of goods and services have been hindered greatly.
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Banwo A. O (2023). Entrepreneurship Challenges in Covid-19 Era: A Case-study of Nigerian and Chinese Entrepreneurs. Eureka-Unilag, A Journal of the Department of European Languages and Integration Studies, Faculty of Arts, University of Lagos, Akoka, Yaba, Lagos, Nigeria. A Special Edition in Honour of Unionmwan Edebiri. Vol. 8