ENTREPRENEURIAL DEVELOPMENT AND SITS IMPACT ON OUR ECONOMY
A CASE STUDY OF EBONYI SATE
This project work focused on the entrepreneurial development and its impact on Ebonyi State. This study concern itself with the problem militating against entrepreneurial development, it source of fiancé and the role the play in the country.
The methodology used of questionnaire and interview on the various entrepreneurs. Secondary data were also collect from the office of the NDE and other libraries.
The information collection were presented and analyzed after which he discovered that the NDE has contributed significantly to France the various entrepreneurial in the states, this also contributed in the training of entrepreneurial for more managerial skills.
The information also help in analyzing the impact of the entrepreneurial on the economy in the area of job opportunity and provision of social amenities.
The recommendation include that government should provide more fund for entrepreneurial and also informed them on the role of NDE programme. This the government should provides a mentoring unit that will make sure that most entrepreneurial are doing what they suppose to do as per the basic objective in embarking on the business.
TABLE OF CONTENT
1.1 Background of the study
1.2 Statement of the problems
1.3 Purpose of the study
1.4 Scope of the study
1.5 Significant of the study
1.6 Definition of terms
Review of related literature
2.1 Literature Review entrepreneurial in business environment
2.2 Objective of entrepreneurial in business environment
2.3 Limitation of entrepreneurial
2.4 Remedies to the limitations
2.5 Development of entrepreneurs
2.6 Impact of entrepreneurial
2.7 Need for entrepreneurial in national economy
3.1 Discussion of result and findings
3.2 Method of data analysis
1.1 BACKGROUND OF THE STUDY
The worldwide economic depression of the early 80’s caused a rapid detonation to Nigeria economy. Thus, industrial output shrank to an extent on local and commercial activities were consequently reduced, leading to the loss of employment opportunities in the country. Therefore by the end of 1988, the unemployment situations, and as such most Ebonyi graduates were faced with hardship due to employment in the society and this situation therefore calls for entrepreneurship in the economy which will also lead to the development of entrepreneurial in higher institution.
However, a brief history of entrepreneur development in this state will give more insight on the study. Ebonyi is the poorest and less developed continent in the world. Many states owned enterprises in Nigerian were created when it was believed that the fasted route to development occurred when the state took on the role of entrepreneur. Also, both sate and federal government are now placing much emphasis on the promotion of indigenous small scale enterprise with a view of encouraging entrepreneurship to the end, the government has a policy of providing special support and protection to these enterprise it is anticipated that these new enterprise would grow and produce some of the goods that the state have until the imported, he conserving our dwindling foreign exchange earnings. It is hoed that these new enterprise would help not only to generate employment opportunities for our school livers and university graduates but also export some o their products and earn some foreign exchange the state in general.
Additionally, lower face and increased price ceilings have increased the incentives to entrepreneurs although Ebonyi is still, ploy head by many development problem preliminary evidence suggest a favorable response by the private sector to the new entrepreneurial opportunity. Although there is only limited consensus about he defining characteristics of entrepreneurship, the concept is almost as old as the formal discipline of economics itself. Early 18th century French economist Richard Canadian first introduced the term entrepreneur, in his writings he formally explain the entrepreneur as the agent who busy means of production at certain prices in order to combine them into new product. (schumpeter 1951) shortly therefore, the French economist JB sat added to Castilian definition by including he idea that entrepreneurs has to be leaders, say claims that an entrepreneur is one who buys other people to their in order to build a single product organization (Schumpters 1951).
The necessity of entrepreneurship for productive was first formally recognized by Alfred Marshall in 1980, in his famous practice principle of economic, Marshall ascertain that 1994). This is a typical Nigeria entrepreneur is a self made man who mighty be said to have strong will to succeed.
Hence early entrepreneur is characterized with production or manufacturing in this case, the producers more often stated with small capital. Early entrepreneurship stated with trade by banter even before the advent of money, while the modern entrepreneurship in Ebonyi State with the coming of colonial master stated who brought in their wears and made Ebonyi their middle men, and as such most Nigerian entrepreneurs were engaged in retail trade or sole proprietorship.
1.2 STATEMENT OF PROBLEM
1) To find out the general problem encountered by entrepreneurial to Ebonyi state to establishing business.
2) To find out the basic orientation that should be given to Ebonyians entrepreneurial in pursuing an effective business in he country economy.
3) To discover the rate of employment and find out the various business opportunities that will be of help to Ebonyi State through entrepreneurship.
4) To find out how government program has being of help to various entrepreneurial in the country.
1.3 PURPOSE OF THE STUDY
The purpose of my study was to now entrepreneurial developmental and it impact on our economy through the following
1) To business organization in Ebonyi State.
2) To various employers and employees in Ebonyi State
3) To economy
4) Smalls scale business sin Ebonyi State
1.4 SCOPE OF THE STUDY
The researcher find it as an obligation to check and evaluate the purpose of entrepreneurial development and units impact in Ebonyi State. Some of the opportunities available are as followed find, information and machines.
The entrepreneurs need fund to achieve their goals, due to the fact that it is a private of it people as a rule will only tie up their resource in an business if they are statistics with the return they get from it. This would suggest that profitability is a major business in entrepreneurial development. The government are required down rules and law setting out some of the things that individual and group can be cannot do.
Information development of entrepreneurship of will be of important today business people use phase such as the information society to refer to the way in which the revolution information technology is transforming our lives. It is nowhere more true than in the business environment. And to employers and employees, however in the area of an employer it will enrich their managerial skill their vision, purpose and plans for the organization. Also in the area of the employee they will be job opportunity lies to the young graduates and this will reduce the rate of dependence ratio in the state so most graduates in the state will have sense of belonging. Thus, the government has introduce various program under NDE so as to motivate both the employee and employer in Ebonyi State.
1.5 THE SIGNIFICANCE OF STUDY
The significance of study cannot be over emphasized, since it was expected to affect our economy or state and also increase the job opportunity in the state thus, this project when completed will be more then development. Though his process.
i) The Nigeria country in general
ii) The small scale industries
iii) The general public.
iv) Creation of job opportunities in Ebonyi State.
v) The increase in the management skill
1.6 DEFINITION OF TERMS
Commodities – These are Article of Trade
NDE – National Directorate of Employment
Entrepreneur – There are people who create and innovative response to the environment
Development – It is an act of making progress.
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