ENTREPRENEURS’ PERCEPTION OF COMPETENCIES REQUIRED BY POLYTECHNIC GRADUATES FOR BUSINESS AND ECONOMIC SURVIVAL IN A DWINDLING ECONOMY

Angela Ojochide Ameh, Nkechi Lawrencia Ezeahurukwe

Abstract


The economic situation in Nigeria today has become alarming. Graduates are now faced with the reality that they must acquire skills to help themselves as they can no longer depend on white collar jobs which have become very limited and scarce. This study investigated Entrepreneurs’ perception of the vital competencies required by Polytechnic graduates for business and economic survival in a dwindling economy. Four research questions were formulated to guide the study and a structured questionnaire comprising 20 question items was designed and administered to 180 entrepreneurs in Idah, Kogi State, using the stratified sampling method. Data generated were analyzed using the mean and standard deviation. The findings revealed that all the variables listed in the cluster – financial management, risk management, marketing and ICT competencies are vital for entrepreneurial success. It was recommended among others, that the curriculum of entrepreneurship in polytechnics be reviewed to enable students acquire financial, risk management, ICT and marketing competencies which would empower them to become employment creators rather than job seekers.


Keywords


Entrepreneurship; Entrepreneurs’ perception; Competencies; Polytechnic graduates; Business survival; Economic survival; Dwindling economy

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