TABLE OF CONTENTS
Title Page – – – – – – – – i
Approval Page – – – – – – – ii
Certification – – – – – – – iii
Dedication – – – – – – – – iv
Acknowledgements – – – – – – v-vi
Abstract – – – – – – – – vii
List of Tables – – – – – – – viii
Table of Contents – – – – – – ix-xi
1.1 Background of the Study – – – – 1-3
1.2 Statement of the Problem – – – – 3-4
1.3 Objectives of the Study – – – – 4
1.4 Research Question – – – – – 5
1.5 Significance of the Study – – – – 5
1.6 Scope of the Study – – – – – 6
1.7 Limitations of the Study – – – – 6
1.8 Organization of the Study – – – 7
1.9 Definition of Terms – – – – – 8
REVIEW OF RELATED LITERATURE
2.1 Concept of Entrepreneurship – – – – 9-13
2.2 The Role of Entrepreneurship in Economic
Development – – – – – – 14-18
2.3 Challenges of Entrepreneurship Development in
Nigeria – – – – – – – 18-22
2.4 The Role of Government in Promoting
Entrepreneurship – – – – – – 22-24
2.5 Benefits of Coaching and Mentoring
Entrepreneurs – – – – – – 24-26
2.6 Challenges of Mentorship and Coaching – – 26-28
2.7 Strategies for Enhancing Entrepreneurship
Through Mentorship Coaching – – – 28-32
RESEARCH DESIGN AND METHODOLOGY
3.1 Research Design – – – – – – 33
3.2 Population of the Study – – – – 33
3.3 Sample and Sampling Technique – – – 34-35
3.4 Instrumentation – – – – – – 35-36
3.5 Method/Plan for Data Analysis – – – 36
3.6 Problems of Data Collection – – – – 36
DATA PRESENTATION, ANALYSIS/INTERPRETATION
4.1 Analysis of Research Questions – – – 37-43
4.2 Discussion of Findings – – – – – 43-45
SUMMARY OF FINDING, CONCLUSION AND RECOMMENDATIONS
5.1 Findings – – – – – – – 46-47
5.2 Conclusion – – – – – – – 47-48
5.3 Recommendations – – – – – 48-49
1.1 Background of the Study
Entrepreneurship is the process of which individuals, either on their own or inside organization pursue opportunities without regard to the resource they currently control. The purpose of characterizing entrepreneurship within this context is to focus on what entrepreneurships do.
Moreover, as Stephenson (1990) put it, “their behavioural, definition explicitly endorses a view that entrepreneurship can exist in any firm, large or small”.
Nigeria, the most populous country in Africa is naturally endowed with millions of acres of arable land, 38.5 billion barrels state oil reserves, vast gas reserves, a variety of unexploited minerals, and a wealth of human capital by virtue of its estimated population to 150 million approximately.
Okeke (2013) and Okelukwu (2014) argued that Nigeria is the world’s second largest economy, after South Africa”. Measuring its development, Nigeria accounts for 15 percent of Africa’s total output and 16 percent of its foreign reserves, while it accounts for half of the population and more than two-third of the output of West Africa sub- region.
The nation has implemented far reaching economic reforms aimed at improving micro and macro-economic management in order to liberalizing markets and trade, and the business environment. This infrastructure pave ways for entrepreneurship.
Entrepreneurship from etymological point of view, is a process of learning, shaped by mindset(s), and leading to a business proposition. Learning process here requires full support through mentoring and coaching which is an essential preparation for nation’s development. Entrepreneurship to an ordinary man perspective, is the capacity, willingness to develop organize and manage a business venture along with any of its risk in order to make a profit. Okezie and Njoku (2012) characterizes the term within the frame of industrial growth and development of a nation and admitted that entrepreneurship is pertinent to the analysis of how new ideas or ‘recipes’ for reconfiguring objects in the material and social world can be harnessed to enhance a nation’s wealth”. Taking this characterization into a more managerial theory and context, a country’s economic progress depends on its ability to increase the value of what is produce with its resources base such as; (people, land and capital). Within this context, the researcher attempts to profers that “entrepreneurship is the main mechanism that creates wealth, job opportunity and development for the nation, only when the role of coaching and mentoring generate a pivotal energy.
This perspective gives rise to an interesting “growth paradox”, which at times occurs when a firm becomes so successful. Thus, the research seek to clarify the role of coaching and mentorship in the development of entrepreneurships in Nigeria.
1.2 Statement of the Problem
To tackle the problems of Nigeria’s economic growth, concerned effort must be made to fashion out true entrepreneurial skills and directional ideology.
Small and medium scale enterprises especially, entrepreneurial activities have played important roles in the development process of most sectors of developed economies, and proved to be one of the most viable sectors with economic growth potentials. But there is no adequate appropriation of the role of coaching and mentoring whose task focus on proper technical briefing. These disconnections does not allow entrepreneurs to achieve specific objectives, or develop more faster the skills of listening and observing that lead to entrepreneurship development. The researcher look at this as a major problem which indeed, need to tackled and solutions proffer. Thus, the study examines the role of coaching and mentorship in the development of entrepreneurship in Nigeria.
1.3 Objectives of the Study
The study is aimed at assessing the following:
To examine the role of coaching and mentorship in the development of entrepreneurship in Nigeria.To analyze the challenge of entrepreneurship development.To analyze how coaching and mentorship enable potential entrepreneurs to acquire and improve their entrepreneurial skills.To identify role of entrepreneurship in economic development.
1.4 Research QuestionTo what extent does coaching and mentorship enhance the development of entrepreneurship?How does entrepreneurship leads to economic development?What are the challenges of coaching and mentoring potential entrepreneurship?What are the roles of government in promoting entrepreneurship?
1.5 Significance of the Study
Significance of the study is as follows:
This study will serve as a reference point and guide to both students, coaches and mentors on the way forward for the development and growth of entrepreneurship in Nigeria.
The mentee and trainee shall benefit from the study in that, it will assist in the proper coaching and mentorship.
It will encourage the establishment of both private and public enterprises for the purpose of creating job opportunities in Nigeria.
1.6 Scope of the Study
This study is on the role of coaching and mentorship in the development of entrepreneurship in Nigeria, using selected small and medium scale enterprises in Akwa Ibom State as case study.
1.7 Limitations of the Study
The study was limited to the following factors:
Financial Factor: Inadequate funds affected the ways data were collected since the researcher had to travel long distance for the distribution of the research questionnaire forms.
Time Factor: This affected the reduction in the size of the simple used for the study because the researcher had only less than two months to complete the study.
Material Factor: Shortage of relevant materials for literature review posed a great difficulty.
Inability to retrieve all the questionnaire form for good representative used for the anticipated sample.
The study was limited to the information gathered form primary and secondary sources.
1.8 Organization of the Study
The project is organized in five chapters. Chapter one deals on introduction, background of the study, statement of the problem, objective of the study, research questions, significance of the study, scope of the study, limitations of the study, organization of the study and definition of terms.
Chapter two deals on review of related literature, chapter three covers research design and methodology, chapter four examines data presentation analysis/interpretation and discussion which consist of analysis of research questions, analysis of research question one, analysis of research question two, analysis of research question three, analysis of research question four and discussion of findings.
Chapter five deals on summary of findings, conclusion and recommendations.
1.9 Definition of Terms
The following terms are defined according to how it is used in the study.
Coaching: It is a process of training somebody to do job and improve a skill.
Mentorship: It refers to a personal developmental relationship with a more experience or more knowledgeable person.
Entrepreneurship: This is the art of being an entrepreneur, which can be defined as one who undertakes innovations finance and assume risk in an effort to transform innovation into economic goods.
Small and Medium Scale Business: This is a business that as an asset base equal or less than N5 million, and a staff strength equal or less than 100 employees.
Role: This is the degree to which something is involved in a situation or an activity, and the effect they have unit.
Development: This is the gradual growth of something so that it can become more advanced and stronger.
THE ROLE OF COACHING AND MENTORSHIP IN THE DEVELOPMENT OF ENTREPRENEURSHIP IN NIGERIA A CASE STUDY OF SELECTED SMALL AND MEDIUM SCALE ENTERPRISES IN AKWA IBOM STATE
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