The Influence Of Entrepreneurial Skills In The Management Of Commercial Banks.
ABSTRACT
It is now widely accepted by policy-makers, businesses and academics that innovation and entrepreneurship are essential for the survival of both large and small businesses and for value creation.
This study investigates how best to assess entrepreneurial skills in the medium sized firm. And to identify whether entrepreneurial skills can breed collective task efficacy to enhance performance.
We shall also ascertain enrepreneurial skills in individuals (personal skills) and in team or group (heterogeneous skills) and to reaffirm their emanating effects to performance, management and changing environment and culture. Research questions structured in a questionnaire, interview and observation were used to collate facts and data.
Copies of the questionnaire were administered to a redetermined group respondent to gather relevant information on the task or practices that enable entrepreneurial skills to operate.The percentage tabulation method was used to analyze the raw data.
The findings yielded that: creative thinking, planning and research, team building spirit, education, financial management skills and record keeping or goals setting were the criteria the firm used to test employees entrepreneurial skill.
Others include skills in areas such as problem-solving, inculcate multi-skills orientation, team building spirit, innovation and technology friendly approach, good governance and leadership, effective communication, improve management or performance, adequate decision making risk management in the organization.
TABLE OF CONTENTS
TITLE PAGE – – – – – – – – – i
CERTIFICATION – – – – – – – – ii
APPROVAL PAGE – – – – – – – – iii
ACKNOWLEDGE – – – – – – – – iv
DEDICATION – – – – – – – – v
ABSTRACT – – – – — – – – vi
TABLE OF CONTENT – – – – – – – viii
CHAPTER ONE
1:0 INTRODUCTION – – – – – – – 1
1:1 BACKGROUND OF THE STUDY – – – – 1
1:2 STATEMENT OF THE PROBLME – – – – 12
1:3 OBJECTIVES OF THE STUDY – – – – – 14
1:4 RESEARCH QUESTIONS – – – – – – 15
1:5 SIGNIFICANCE OF THE STUDY – – – – – 16
1:6 SCOPE OF THE STUDY – – – – – – 18
1:7 LIMITATION OF THE STUDY – – – – – 19
1:8 HISTORICAL BACKGROUND OF
OCEANIC BANK PLC – – – – – – 19
1:9 DEFINITION OF TERMS – – – – – – 22
REFERENCES – – – – – – – – 23
CHAPTER TWO
2:0 LITERATURE REVIEW – – – – – – 25
2:1 NATURE AND DEVELOPMENT OF
ENTREPRENEURSHIP – – – – – – 25
2:2 VARIOUS PERSPECTIVE OF ENTREPRENEURSHIP – 31
2:3 CRITICAL DEFINITION OF ENTREPRENEUR – – 40
2:4 THE ENTREPRENEURIAL PROCESS:
THE INTERPLAY OF MEDIUM SIZE FIRM – – – 48
2:5 ENTREPRENEURIAL SKILLS AND ROLE IN
MEDIUM FIRMS – – – – – – – 55
2:5:1 CORE ENTREPRENEURIAL SKILLS IN
ORGANISATION – – – – – – – 57
2:5:2 NUGGET OF KEY SKILLS IN THE AREA OF
FINANCE AND MANAGEMENT – – – – 63
2:6 ENTREPRENEURIAL PITFALLS AND
COGNITIVE FACTORS, TRAITS AND SKILLS – – 67
2:7 ENTREPRENEURIAL SKILLS AND COMPETENCE
FRAMEWORK DEVELOPING IN MEDIUM
FIRM MANAGERS – – – – – – – 73
2:8 ENTREPRENEURIAL TEAM AND PERSONAL SKILL
ASSESSMENT OF ENTREPRENEURSHIH – – 79
2:9 THE EFFECT OF ENTREPRENEURIAL TEAM SKILL
HETEROGENEITY AND FUNCTIONAL DIVERSITY – – 83
2:10 ENTREPRENEURIAL ORIENTATION AND CHARACTERISTICS
FOR ENTREPRENEURIAL SUCCESS – – – 89
REFERENCES – – – – – – – – 92
CHAPTER THREE
3:0 RESEARCH METHODOLOGY – – – – – 98
3:1 INTRODUCTION – – – – – – – 98
3:2 RESEARCH DESIGN – – – – – – 98
3:3 INSTRUMENT OF DATA COLLECTION – – – 99
3:4 POPULATION OF THE STUDY – – – – – 100
3:5 SAMPLE SIZE DETERMINATION – – – – 101
3:6 METHOD OF DATA ANALYSIS – – – – – 102
REFERENCES – – – – – – – – 103
CHAPTER FOUR
4:1: DATA PRESENTATION AND ANALYSIS – – – 104
CHAPTER FIVE
5:0: SUMMARY OF FINDINGS RECOMMENDATIONS
AND CONCLUSION. – – – – – – – 122
5:1: SUMMARY OF FINDINGS – – – – – – 122
5:2: RECOMMENDATIONS – – – – – – 124
5:3: CONCLUSION – – – – – – – – 126
BIBLIOGRAPHY – – – – – – – 127
APPENDIX – – – – – – – – 135
INTRODUCTION
Interestingly, in the middle of the last century, economists predicted the dominance of large firms. Size was needed to obtain economies of scale, to exploit foreign markets and to keep abreast with regulations and new opportunities in technology.
Indeed, in the 1960s and 1970s, large companies dominated the economy. Since then, the trend has started to reverse (Audretsch et al, 2002). Today, there is growing evidence of a significant causal relationship between entrepreneurship, economic growth and poverty reduction.
Small, micro and medium-sized enterprises (SMMEs) are often the backbone of the private sector in the developing world, creating jobs and providing a tax base for local government.
SMMEs offer the only employment available to millions of poor people, yet many developing countries have been unable to create and maintain the favourable environment needed to foster SMMEs development (Bridges.org, 2002).
BIBLIOGRAPHY
Amabile (1998) Kruger. M.E (2004) Entrepreneurship Theory and Creativity South Africa: University of Pretoria etd.
Baron. R.A and Markman G.D (2000) “Beyond Social Capital: How Social Skills can Enhance Entrepreneur’s Success Academy of Management Executive Vol.14.
Baron R.A and Markman G.D (2003) “Beyond Social Capital: The Role of Entrepreneur’s Social Competence in Their Financial Success”, Journal of Business Venturing Vol.18
Brown . R.B.(1994) Reframing the Competency Debate:Management Knowledge and Meta- Competence Taskforce, London: Federation of British Industry.
Brown. R.B. (1993) Meta Competence: A Recipe for Reframing the Competence debate; Personnel Review.
Bantel K.A and Jackson .S.E (1989) Top Management and Innovations in Banking; Does the Composition of the Top Team make a difference? Strategic Management Journal.
StudentsandScholarship Team.
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