SMALL SCALE BUSINESS AS A STRATEGY FOR ENTREPRENEURSHIP DEVELOPMENT IN NIGERIA.

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SMALL SCALE BUSINESS AS A STRATEGY FOR ENTREPRENEURSHIP DEVELOPMENT IN NIGERIA. (A CASE STUDY OF NNEWI NORTH L.G.A, ANAMBRA STATE

CHAPTER ONE

1.0            INTRODUCTION

In every business there is a way of doing things or a system adopted by the firm in order to achieve its objectives and goal leads to their growth, which is also a means of promoting entrepreneur practice in Nigeria.

This practical entrepreneur development inNigeriais the main target of every nation and the  impact of business to realise this growth is the subject of small scale business management.

For any business to work towards achieving any objectives it must work towards developing strategy which will be a guide to achieve the goal.

Strategy have beens defined by many authors, Mr. Ojemba G. Agbo he defined strategy as a general programme of nation and a deployment of emphasis and resources towards the attainment of the overall objectives. It is defined by Kenneth and Hatter as a process by which an organisation formulates objective and is managed to achieve them .strategy is seen by another author as the pattern of objectives purposes or goal and major policies and plans for achieving these goals state in such a way as to define what business a company is in or to be in and the kind of company it is or to be (christerst Andrews and Bower). However, strategy is seen to be a planned skill in managing any affair or achieving any objective and this make small scale to be seen as a strategy for practical entrepreneur development. However many developing countries have failed to adopt this strategy owing to their belief that it is slow process of industrialization which may not be very computable with their desire to catch up with the industrialized countries. Many countries of the world that are advance in their industrial development consigning practical entrepreneur practice. Started with small scale business.

InNigeria, both federal and state government are now placing much emphasis on the promotion of indigenous small scale business enterprises with a review to encouraging entrepreneurship.

A business is defined as a human organisation which produces and market product (target market) it aims to serve. It can take place anywhere and involve receiving and giving process. (Odo P.C.).

Monughton Etal in his introduction to business enterprises defined it as the sum total of those activities that have their main purpose of creating, maintaining and extension of a concern continue to exist because it earns profit or other benefit for it’s owner.

Defining what constitutes small scale business entrepreneurship bring out a lot of entrepreneur which varies from country to country, from institution to another but generally speaking a small scale business entrepreneur is independently owned and managed but is not dominant in it’s field of operation.

It is independently because it is wholly owned by an individual or party and managed by them without outside supervision on it’s management and extra case is taken in it’s management and this help in developing the economy of state and nation as a whole.

 

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SMALL SCALE BUSINESS AS A STRATEGY FOR ENTREPRENEURSHIP DEVELOPMENT IN NIGERIA. (A CASE STUDY OF NNEWI NORTH L.G.A, ANAMBRA STATE

 

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