Dec'20

The IUP Journal of Entrepreneurship Development

Focus

The first paper, ?Entrepreneurship Development in Nigeria: Prospects and Challenges? by Amaka G Metu and Ebele S Nwokoye, underscores the importance of policy formulation in entrepreneurship development in Nigeria as well as the importance of entrepreneurship in reducing the ever-growing rate of unemployment in Nigeria. According to the study, entrepreneurship is lacking in Nigeria due to certain challenges such as epileptic power supply, lack of genuine support for those intending to start a business and lack of strong will power to take risks; all these and more inhibit entrepreneurship development and create unemployment. The paper concludes that government policy on entrepreneurship should be more robust and that the government should create a conducive business environment to enhance entrepreneurship development and reduce youth unemployment. The study stresses on the importance of supportive environment for nurturing entrepreneurship. Having natural resources will not lead to growth. The government needs to build up supportive environment in totality to facilitate entrepreneurship to grow.

The second paper, ?Moderating Effect of Environmental Uncertainties on Entrepreneurial Orientation and Business Performance Relationship in SMEs in Kurunegala District, Sri Lanka? by P Venkateswarlu, Deepal N Perera and Vivek Ranga, studies the moderating effect of Environmental Uncertainties (EU) on the relationship between risk-taking propensity and Business Performance (BP). The study was conducted on 275 Small and Medium Enterprises (SMEs) in Kurunegala district, Sri Lanka. Significant positive relationship was found between Entrepreneurial Orientation (EO) and BP. Regression analysis showed that the relationship between entrepreneurial dimensions and BP was not moderated by EU. EU was categorized into stable and dynamic environments. 173 SMEs were found to be in the dynamic environment where they were adaptable to changes in business environment and also technological changes. This study provides insights into firms? responses to the changing environment in which they operate. As it is said, only ?change is permanent? and an organization?s success is also dependent on the response mechanisms it builds to be in tandem with the changing environment.

The third paper, ?Venture Capital and Entrepreneurship: The Cost and Resolution of Investment Readiness? by Danai Zana and Brian Barnard, examines Investment Readiness (IR) within Venture Capital (VC) markets and its resolution. IR is the term generally used in the context of raising external equity finance. The study mainly focuses on the perceptions of experienced VCs and angel investors regarding investment and its resolution. The data for the study was collected through a semi-structured in-depth interview from professional and business networks. The study states that awareness is an important aspect of IR, and equally involves and accompanies a culture aspect. There is room for greater specialization within the VC market and IR. Increasing interaction between stakeholders and market participants is also a way to improve IR. The study brings in a significant aspect of IR in promoting entrepreneurship.

- Vivek Ranga
Consulting Editor

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Entrepreneurship Development in Nigeria: Prospects and Challenges
50
Moderating Effect of Environmental Uncertainties on Entrepreneurial Orientation and Business Performance Relationship in SMEs in Kurunegala District, Sri Lanka
50
Venture Capital and Entrepreneurship: The Cost and Resolution of Investment Readiness
50
     
Articles

Entrepreneurship Development in Nigeria: Prospects and Challenges
Amaka G Metu and Ebele S Nwokoye

This paper underscores the importance of policy formulation in entrepreneurship development in Nigeria as well as the importance of entrepreneurship in reducing the ever-growing rate of unemployment in Nigeria. The methodology adopted for this paper is the Narrative-Textual Case Study (NTCS); it is a social science research method that relies on information and data from several sources for problem identification and problem solving. The paper opines that entrepreneurship is lacking in Nigeria due to certain challenges such as epileptic power supply, lack of genuine support for those intending to start up a business, lack of strong will power to take risks; all these and more inhibit entrepreneurship development and create unemployment. The paper concludes that government policy on entrepreneurship should be more robust and that the government should create a conducive business environment to enhance entrepreneurship development and reduction in youth unemployment.


© 2020 IUP. All Rights Reserved.

Article Price : Rs.50

Moderating Effect of Environmental Uncertainties on Entrepreneurial Orientation and Business Performance Relationship in SMEs in Kurunegala District, Sri Lanka
P Venkateswarlu, Deepal N Perera and Vivek Ranga

The purpose of this study is to investigate the moderating effect of Environmental Uncertainties (EU) on the relationship between risk-taking propensity and Business Performance (BP). The study was conducted on 275 Small and Medium Enterprises (SMEs) in Kurunegala district, Sri Lanka. Significant positive relationship was found between Entrepreneurial Orientation (EO) and BP. Regression analysis showed that the relationship between entrepreneurial dimensions and BP is not moderated by the EU. The EU was categorized into stable and dynamic environments. 173 SMEs were found to be in the dynamic environment where they are adaptable to changes in business environment and also technological changes.


© 2020 IUP. All Rights Reserved.

Article Price : Rs.50

Venture Capital and Entrepreneurship: The Cost and Resolution of Investment Readiness
Danai Zana and Brian Barnard

The study examines Investment Readiness (IR) within Venture Capital (VC) markets and the cost and resolution thereof. IR impacts VC markets, and the efficiency thereof, in a number of ways. The factors and issues that are raised and considered as part of IR include entrepreneurs' experience and business acumen, the quality of opportunities, the perspective of VC firms, the perspective of entrepreneurs, the quality of IR content and services, IR assistance, moderation and accreditation and awareness. In general, IR solutions need to consider cost, quality, coverage or pervasiveness, awareness and assistance. The matter of IR assistance to improve IR requires an in-depth cost-benefit analysis. IR assistance raises the issue of the seriousness of entrepreneurs. The method and technique available to improve IR at no negative impact, typically implies running additional pipelines on the side. There is definitely room and place for technology, also IR metrics as technology, to assist with IR. IR metrics can be further integrated with technology and professional assistance to offer a comprehensive IR tool and solution. This may also be the beginning of turning IR into a competitive advantage. IR metrics should be considered and regarded against their accompanying and corresponding accuracy and success rates, also when considering subsequent and successive IR assessment. IR metrics or IR metric systems can further be secured through moderation. The industry can consider working towards an industry-accepted IR standard. Cost estimates to improve IR equally reveals whether the system is not overextended, requiring rather a focus on quality.


© 2020 IUP. All Rights Reserved.

Article Price : Rs.50

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