The Contribution Of Business Education To The Management Of Small Business Enterprise.
Abstract
The research sought to determine the contribution of business education to the management of small business enterprises in Anambra State. In face of the high illiteracy rate of small scale business entrepreneurs, some scholars have in the fact that effective implementation of business education curriculum objectives should be on entrepreneur’s activities.
This study intended to determine if business education has an impact on the management of small business enterprises. The population comprised of (350) small business owners. The sample was 186. A twenty-one item structural questionnaires validated by two experts was used for data collection.
The findings of the work showed that business education has an impact on the management of the small business enterprise. First, it has enhanced the knowledge and skills of business owners.
Secondly, knowledge of business education helps entrepreneurs to perform more profitably. On the basis of the findings, it was recommended that government should try to sponsor educational programmes or projects of the small scale business enterprises.
Introduction
- Background of the Study-The Contribution Of Business Education To The Management
Prior to the late 18th century, national economies were dominated by feudal agriculture and in matters of domestic and international economic trade, by the merchants (Galbraith, 2012).
The Industrial revolution utilized application by power-driven machinery and as a detailed evaluation of new business ideas and methods became known, more entrepreneurs were able to follow suit. With the development of cheap electricity at the end of the 19th century, the Modern Industrial Capitalist (MIC) was established (Galbraith, 2012).
From the beginning of the 205th century, studies of business education, structures and business managers increased their knowledge and understanding of how to achieve results beneficial to both shareholders (owners and employees in the management of the small business enterprise.
The contributions of business education have developed with significant advances from that time together with organizational structure, management skills and culture systems within a small business enterprise (Daft, 1997).
The contribution of business education to managing small business enterprise as concentrated and perceived requirements of the facilitating educational institutions and the perceived outcomes by the employers in the management of the small business enterprise.
Small business enterprises play a major role in Nigeria providing both employment and goods/services (Berryman, 2000). The rationale for this enhancing the business education skills of the entrepreneurs originated from major concerns displayed by Nigerian Governments since the 1960s, regarding the high-level illiteracy and expertise knowledge in the setting and management of the small business enterprise, poor financial stability and long-term solvency of small business enterprise.
The business education program provides small business owners with the entrepreneurial, managerial and ownership skills required for a successful career in the ownership or management of a Small to Medium-Sized Enterprise (SME). The Nigerian economy is growing and changing at an unprecedented rate, creating a demand for highly skilled and knowledgeable business professionals.
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StudentsandScholarship Team.
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