Entrepreneurship as a Tool for Sustainable Employment

Chapter One of Entrepreneurship as a Tool for Sustainable Employment

 

Abstract of Entrepreneurship as a Tool for Sustainable Employment

 

This research work was carried out to show the importance of Entrepreneurship as a tool for sustainable job creation, a key factor needed to grow every country’s economy especially in sub-Saharan Africa or third world countries.  This study analyses entrepreneurship and how it has grown over the years in Nigeria.  It also helps to examine factors that can affect entrepreneurship in a country.  One hundred and seven (107) questionnaires were administered to gather responses to be analyzed, which is used in testing the hypotheses utilized.  With almost a 100 percent response rate, simple percentage method was used for the analysis, chi-square statistical tool was employed to test the hypothesis.  Both personal and environmental factors were seen to be important to enhance the entrepreneurial activities in an economy.  The study revealed some key issues.  The major findings of this research were that; the availability of this factors mention previously; which are personal factors (such as leadership style, educational qualification, self-efficacy, technical factors) and environmental factors such as (legal structure, stable economic growth, technology, political stability) will promote entrepreneurship, and help eradicate poverty as well as unemployment.  The realization of entrepreneurship as a tool for sustainable job creation is the prime responsibility of both the government and individual (entrepreneur).  It is of utmost importance that the government provides a conducive environment, and that individuals (entrepreneurs) are prepared to face any hurdle to in order to succeed.