Entrepreneur skills and challenges: An analogous inquiry into Chinese and Nigerian expertise.
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Date
2020
Authors
Banwo, A.O.
Journal Title
Journal ISSN
Volume Title
Publisher
Department of Economics, University of Ilorin.
Abstract
Entrepreneurs are economic innovators and drivers of the economy that bring about innovation of ideas, goods, services and business procedures. This study examines the skills or expertise of Chinese and Nigerian entrepreneurs with the aim of indentifying their uniqueness, similarities and differences. It uses the homogenous purpose sampling method and adopts the content analysis data collection method. The framework for this research work is the Psychological, Sociological and Integrated Models that propounds humans can be dynamic or paranormal beings with motivational and intuitive desires. This study identifies the different entrepreneurial skills we have, such as strategic thinking, risk-taking, motivation, efficiency, resilience, concise communication, networking skills and financial management as essential expertise. The study finds that entrepreneurs facilitate change and systematically organize human and material resources, workers and consumers. Likewise, it discovers that humans are core element in the center of any economic activity that can facilitate the developmental process of a nation. It suggests that if China and Nigeria must develop rapidly, the roles on entrepreneur in its society cannot be overlooked or ignored. The results indicate that entrepreneurs face a lot of risks and challenges such as the acquisition of capital funding and decision making abilities. This work advocates policy entrepreneurship that advocates strong policy innovations that hinges on strong support coalitions.
Description
Keywords
Skills - Entrepreneur , Economic innovation - Nigeria , Economic innovation - China
Citation
Banwo, A.O. (2020). Entrepreneur skills and challenges: An analogous inquiry into Chinese and Nigerian expertise. Ilorin Journal of Economic Policy, 7(2), 53-66.