IIARD International Institute of Academic Research and Development

IIARD International Journal of Economics and Business Management (IJEBM )

E-ISSN 2489-0065
P-ISSN 2695-186X
VOL. 10 NO. 9 2024
DOI: 10.56201/ijebm.v10.no9.2024.pg21.48

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Strategic Entrepreneurship and Nigerian National Economic Transformation

Nwabuatu, Emmanuel Nnajiubah. Ph.D

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Abstract

In a period of accelerated technological developments and changing global environment, strategic entrepreneurship has become very important for national economic transformation. This paper examines the relationship between strategic entrepreneurship and Nigerian national economic transformation, pinpointing the problems such as insufficient support systems, limited access to finance, and regulatory obstacles that impede entrepreneurial success and perpetuate regional inequalities. Using theoretical frameworks like the Resource- Based View (RBV) and Dynamic Capabilities Theory, the study investigates theoretical and empirical evidence, streamlines best practices, and offers presented policy recommendations. Discoveries highlighted transformative potential of strategic entrepreneurship in driving innovation, job creation, and tackling economic disparities. Suggestions made include fostering entrepreneurial ecosystems, promoting innovation, facilitating stakeholder collaboration, guaranteeing funding access, and simplifying regulations. By putting these measures into action, nations can capitalize on entrepreneurial creativity for continuous economic transformation , growth and universal competitiveness.

keywords:

Strategic entrepreneurship, national economic development, innovation,

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