Assessing the Influence of Environmental Factors on Entrepreneurship Development in Nigeria
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Date
2017-03-07
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Publisher
International Knowledge Press
Abstract
The influence of environmental factors on entrepreneurship has been recognized as important in the entrepreneurship literature. This study aimed at identifying the environmental factors that affects entrepreneurship development as well as the overall effect of environmental factors on entrepreneurship development. Primary data was adopted to generate data from 87 managers and owners of business enterprise in
Ago Iwoye. The data generated were analyzed using correlation and regression analysis. Findings revealed that environmental factors have an overall significant effect on entrepreneurship development in Nigeria. It was also discovered by the findings that all he environmental factors dimensions have a significant relationship with entrepreneurship development in Ago-Iwoye, Nigeria. Thus it is recommended that communities should identify aspect of their culture which hinder entrepreneurship development and make necessary adjustment. Finally, the issue of infrastructural facilities should not be seen as the sole responsibility of the government.
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Keywords
Entrepreneurship, Business environment, Environmental factors, Entrepreneurship development, Ago-Iwoye
Citation
Shobayo P.B and Akinyede O. M. (2017): “Assessing the Influence of Environmental Factors on Entrepreneurship Development in Nigeria” Journal of Global Economics, Management and Business Research Volume 8 (3) ISSN: 2454-2504, India.