Submit your papersSubmit Now
For Enquiries: [email protected]
IIARD LogoIIARD

Entrepreneurship Culture and Employment Creation of SMEs in Yenegoa, Bayelsa State

Ekubo Maudlinepac Buna PhD

Abstract

This study examined the relationship between entrepreneurship culture and employment creation in Small and Medium Enterprises (SMEs) in Yenagoa, Bayelsa State, Nigeria. The research specifically investigated how three dimensions of entrepreneurship development—entrepreneurial mindset and entrepreneurial leadership, —affect the capacity of SMEs to generate employment opportunities. A descriptive survey research design was adopted, with the population comprising 45 employees of selected SMEs in Yenagoa. Data were collected using a structured questionnaire and analyzed using descriptive statistics and Pearson correlation coefficient to test the hypotheses at a 5% level of significance. The results revealed that entrepreneurial mindset (r = 0.681, p = 0.027) and entrepreneurial leadership (r = 0.714, p = 0.015), all have significant and positive relationships with employment creation in the study area. These findings suggest that SMEs driven by a strong entrepreneurial culture are more likely to create productive job opportunities, enhance productivity, and contribute to local economic development. The study concludes that fostering entrepreneurship culture through skill acquisition, leadership development, and value-based practices is critical for reducing unemployment and promoting sustainable employment growth in Yenagoa. The study recommends that policymakers, educators, and SME stakeholders invest in entrepreneurial training programs, financial empowerment initiatives, and mentorship to strengthen employment creation in the region.

Keywords

Entrepreneurship cultureEntrepreneurial mindsetEntrepreneurial leadership

References

Ayoade, J. A., & Agwu, M. O. (2016). Youth unemployment and social vices in Nigeria: Challenges and prospects. Nigerian Institute of Social and Economic Studies. Asogwa, B. E., Nwosu, P. N., & Oguoma, P. O. (2016). Skill acquisition and youth employment in Nigeria. International Journal of Business and Management, 11(7), 45–53. https://doi.org/10.5539/ijbm.v11n7p45 Aziz, S., & Muttalib, M. A. (2021). Unemployment in developing nations: A multi-dimensional perspective. Journal of Economic Studies, 48(3), 210–225. https://doi.org/10.1108/JES-05- 2020-0201 Badal, F. (2023). Indigenous entrepreneurship and industrialization in Nigeria: Opportunities and challenges. African Journal of Management Research, 9(1), 1–12. https://doi.org/10.1080/afrjmr.2023.0912 Becker, G. S. (1993). Human capital: A theoretical and empirical analysis, with special reference to education (3rd ed.). Chicago, IL: University of Chicago Press. Boyd, R., & Richerson, P. J. (1985). Culture and the evolutionary process. Chicago, IL: University of Chicago Press. Chika, N. (2020). Small and Medium Enterprises (SMEs) and economic development in Nigeria. Nigerian Journal of Business and Management Studies, 12(2), 33–48. Galor, O., & Michalopoulos, S. (2012). Evolution and development: Human capital and the dynamics of growth. Cambridge Economic Journal, 36(4), 567–592. https://doi.org/10.1111/caje.12015 Hofstede, G. (1991). Cultures and organizations: Software of the mind. London, UK: McGraw- Hill. Landes, D. S. (1998). The wealth and poverty of nations: Why some are so rich and some so poor. New York, NY: W. W. Norton & Company. Lal, D. (1999a). Unintended consequences: The impact of cultural values on economic growth. London: Routledge. Onyekwelu, U., & Oyeogubalu, D. (2020). Entrepreneurial and managerial roles in SMEs: Implications for performance. Journal of Small Business and Entrepreneurship Development, 8(1), 55–70. Ugonai, I., & Ibeenwo, R. (2015). Entrepreneurship and management in small businesses: A practical approach. Journal of Business Management Research, 7(3), 120–132. Weber, M. (1930). The Protestant ethic and the spirit of capitalism (T. Parsons, Trans.). London, UK: Routledge. (Original work published 1905)

More Articles from WORLD JOURNAL OF ENTREPRENEURIAL DEVELOPMENT STUDIES