Entrepreneur’s Level of Management Skills and Performance of Small and Medium Enterprises (SMES) in the Automobile Industry: Evidence from Anambra State Nigeria
Journal Title: International Journal of Trend in Scientific Research and Development - Year 2020, Vol 4, Issue 3
Abstract
This study examined Entrepreneur’s level of management skills and performance of Small and Medium Enterprises SMEs in the automobile industry Evidence from Anambra State, Nigeria. The study modelled the effect of entrepreneur’s planning skills, entrepreneur’s human resource management skills, entrepreneur’s logistics management skills, entrepreneur’s management information skills, entrepreneur’s quality assurance skills, entrepreneur’s financial management skills and entrepreneur’s monitoring and evaluation skills on the performance of automobile industry using an econometric regression model of the Ordinary Least Square OLS . The population of the study consists of 2698 registered SMEs in the automobile industry in the state. A sample of 384 was determined using Taro Yamani formula. Out of the 384 respondents sampled only 378 responded and were used for the analysis. Findings revealed that Planning Skills, HRM skills, Logistics Management Skills, Management Information Skills, Quality Assurance Skills, Financial Management Skills and Monitoring and Evaluation Skills are significant determinant of performance of SMEs in Automobile Industry. The study therefore recommends that upcoming entrepreneurs should strive to acquire planning skills if it is not innate in them. This is because people with entrepreneurial planning skills tend to have high productivity or creativity and ability to correctly calculate the time it will take to do a determined task. Practicing and intending entrepreneurs should be trained on human resource management. This is because a good human resource manager can acquire or hires competent human resources and also can set out training required to develop skills among others. Onwuteaka, Ifeoma Cecilia | Ezeanolue, Uju Scholastica | Okoli, Ikechukwu Moses "Entrepreneur’s Level of Management Skills and Performance of Small and Medium Enterprises (SMES) in the Automobile Industry: Evidence from Anambra State, Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-4 | Issue-3 , April 2020, URL: https://www.ijtsrd.com/papers/ijtsrd30332.pdf Paper Url :https://www.ijtsrd.com/management/business-administration/30332/entrepreneur%E2%80%99s-level-of-management-skills-and-performance-of-small-and-medium-enterprises-smes-in-the-automobile-industry-evidence-from-anambra-state-nigeria/onwuteaka-ifeoma-cecilia
Authors and Affiliations
Onwuteaka Ifeoma Cecilia | Ezeanolue Uju Scholastica | Okoli Ikechukwu Moses
Keywords
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