The pivotal position occupied by entrepreneurship as an environmentally friendly tool for rapid economical growth and development of a country may not be over emphasized. This is apparent in several available literatures authored by scholars on the subject matter but a closer examination of these literatures show shifted emphasis and concentrations on some common areas relating to entrepreneurship. silver
Increasing competitive events, rapid and regular changes in internal and exterior environment of business activities, and the numerous affect of Small and Channel Scale Enterprises (SMEs) on the economy generally have led to a growing interest in studying the role of factors stimulating successful entrepreneurship, business success and national development.
Though, entrepreneurship, have played and can play more of these positive roles, is not a fairly easy vocation as it does not always assure a hundred per dollar triumph. There are lots of critical areas of knowledge and factors that must be obtained make in location to permit entrepreneurs achieve a solution of business success and consequently contributing to countrywide development.
Several researches have been conducted in areas of entrepreneurship competency, entrepreneurship success and national development.
Most literatures relating to entrepreneurship and entrepreneurship success tend to unquestionably consider most entrepreneurial fiascos are essentially due to insufficient financial resources (e. g. Adeyemo and Onikoyi, 2012). Such research outcomes have no doubt influenced authorities policy direction in many developed and developing countries of the world through the creation of financial agencies and provision of financial resources to business units for the only purpose of boosting and sustaining entrepreneurial development for rapid national development.
The above, policy strategy however has led to the continuous negligence on the part of the us government, students and business operators in these countries to considering other essential factors like entrepreneurial competency which evenly contributes to successful entrepreneurship, business success and nationwide development.
The current literatures on the subject do not provide sufficient information to the role standard and/or specific competences play in successful entrepreneurship, business success and national development. This has thus, made the partnership between enterprisinggo-getting, gumptious, pioneering, up-and-coming competence and entrepreneurship success to make a big difference topic within organizational literatures. The above fact is evident in numerous available studies done by scholars on the subject matter (e. g Crook, Todd, Spines, Woehr, and Ketchen, 2011; Mitchelmore and Rowley, 2010; Inyang and Enuoh, 2009; Laguna, Wiechetek, and Talik, 2013 e. t. c).
A number of these studies discovered entrepreneurship competences like communication proficiency, financial competence, marketing skills, business ethics competence, cultural responsibility competence, decision-making proficiency and leadership competence as catalysts to entrepreneurship success and national development. We all shall be duelling on our discussion more on these entrepreneurial competences to see how they separately contribute to successful entrepreneurship, business success and nationwide development.
As said previous at the beginning, entrepreneurship and entrepreneurship success play strategic roles in economical growth, monetary transformation and development of the contemporary society. These roles are apparent in the amounts of jobs created, the level of wealth made and the rate of native entrepreneurship promoted in numerous countries around the world.