IIARD International Institute of Academic Research and Development

WORLD JOURNAL OF ENTREPRENEURIAL DEVELOPMENT STUDIES (WJEDS )

E-ISSN 2579-0544
P-ISSN 2695-2483
VOL. 9 NO. 5 2024
DOI: 10.56201/wjeds.v9.no4.2024.pg77.89

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Contemporary Entrepreneurship: An International Entrepreneurship perspective for Economic Development of Nigeria

Ernest Jebolise CHUKWUKA (Ph.D.) and Dr (Mrs) Kashiari Esther DIBIE

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Abstract

This research paper extended the frontiers of knowledge in an emerging field through an investigation of contemporary entrepreneurship and international entrepreneurship with the aim of ascertaining the nature of connection between the aforementioned and Nigerian economic development. With the use of references to contemporary and international entrepreneurial literature, this article used a qualitative and analytical methodology. The theoretical evolution of contemporary and international entrepreneurship theory is narrated, providing a framework for evaluating its connections and linkages with theories of entrepreneurship and economic growth in Nigeria. This is based on the classification of themes and sub-themes. Contemporary entrepreneurship is defined by continual change, quick invention, and ever-intense competition. Businesses employ a variety of modern strategies, including supply chain management, information technology, and risk management, to deal with an ever-more complicated contemporary business environment. By using these strategies, businesses may maintain their competitiveness and quickly adjust to the ever-evolving business landscape. According to this paper result, international entrepreneurship in the context of contemporary entrepreneurship is still in its infancy. Still, the discipline is full with fresh thoughts and ideas that might encourage scholars to continue studying topics like international entrepreneurial orientation and internationalization. Through the foreign exchange remittances of Nigerian enterprises that have internationalized, the research concludes that international entrepreneurship has had a positive and considerable influence on Nigeria's economic development.

keywords:

Contemporary Entrepreneurship, International Entrepreneurship,

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