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IMPACT OF MARKETING ON ENTREPRENEURSHIP DEVELOPMENT IN NIGERIA

Table of contents

CHAPTER ONE: Introduction                                                                                               1

1.1       Background to the Study                                                                                            1

1.2       Statement of the Problem                                                                                           4

1.3       Objective of the Study                                                                                                5

1.4       Research Questions                                                                                                    5

1.5       Research Hypotheses                                                                                                  6

1.6       Significance of the Study                                                                                           6

1.7       Scope of the Study                                                                                                      7

1.8       Limitation of the Study                                                                                               7

1.9       Definition of Terms                                                                                                    7

CHAPTER TWO: Literature Review                                                                           8

2.1       Conceptual Review                                                                                                     8

2.1.1    Concept of Marketing                                                                                                 8

2.1.2    Overview of Entrepreneurship                                                                                   10

2.1.3    Entrepreneurial skills and Traits                                                                                12

2.1.4    Entrepreneurship Environment                                                                                  13

2.1.5    Concept of Entrepreneurship Development                                                               14

2.1.6    Entrepreneur and Marketing                                                                                       15

2.2       Theoretical Review                                                                                                    16

2.2.1    The Contingency Theory in Management                                                                  16

2.2.2    The Commitment – Trust Theory                                                                               22

2.3       Empirical Review                                                                                                       24

CHAPTER THREE: Research Methodology                                                                        30

3.1       Research Design                                                                                                         30

3.2       Population of the Study                                                                                              30

3.3       Sample and Sampling Techniques                                                                             30

3.4       Re-Statement of Research Hypotheses                                                                       31

3.5       Research Instrument                                                                                                   31

3.6       Source of Data                                                                                                                        32

3.7       Procedure of Administration of Instrument                                                               32

3.8       Validity and Reliability of Research Instrument                                                        32

3.9       Variables Specification                                                                                              33

3.10     Method of Data Analysis                                                                                            33

CHAPTER FOUR: Results and Interpretation                                                                                                                                              34

4.1        Analysis of Demographic Data                                                                            34

4.2       Analysis of Section B                                                                                                 36

4.3       Testing of Hypotheses                                                                                                            47

4.3.1    Hypothesis One                                                                                                          47

4.3.2    Hypothesis Two                                                                                                          48

CHAPTER FIVE: Discussion, Conclusion and Recommendations                                      50

5.1       Discussion of Findings                                                                                               50

5.2       Conclusion                                                                                                                  51

5.3       Recommendations                                                                                                      51

5.4       Suggestions for Future Research                                                                                52

References                                                                                                                              53

Appendix: Questionnaire                                                                                               58

 



 

LIST OF TABLES

Table Title                                                                                                       Page

4.1.1: Gender Distribution of Respondents                                                                            34

4.1.2: Age Distribution of Respondents                                                                                 34

4.1.3: Marital Distribution of Respondents                                                                            35

4.1.4    Distribution of Respondents by Educational Qualification                                       35

4.1.5: Working Experience of Respondents                                                                           35

4.2.1: Digital marketing can be used to enhance performance of entrepreneurship 

            Business                                                                                                                      36

 

4.2.2: Social marketing improved the financial performance of entrepreneurship firm. 36

4.2.3: Marketing can be used to survive competition.                                                           37

4.2.4: Marketing activities increase length of leisure period                                                 37

4.2.5: Marketing increases entrepreneurship firm target market and boost Sales                38

4.2.6: Marketing target often includes everyone in the firm target.                                       38

4.2.7: The Marketing Strategies of our firm has no impact on sales volume 

            of their product.                                                                                                          39

 

4.2.8: Marketing is a strong tool in taping into consumers buying power.                         39

4.2.9: Marketing creates product differentiation                                                                    40

4.2.10: The marketing techniques adopted by this firm improve our financial

            performance.                                                                                                               40

 

4.2.11: The marketing techniques adopted by this firm leads to profitability                 41

4.2.12: Marketing enables entrepreneurship firm to enjoy economic of large scale                   41

4.2.13: The effect/impact of marketing can be changed as market grows older                42

4.2.14: There is no positive and significant relationship between marketing and             

            success of entrepreneurship firm.                                                                               42

 

4.2.15: Marketing gives room for product comparison                                                          43

4.2.16: Marketing can be used to achieve success in business                                               43

4.2.17: Marketing is used to achieve organizational set goal                                                 44

4.2.18: There is no benefits in the various marketing strategies employed by the 

            organization.                                                                                                               44

 

4.2.19: Calling customers on phone is creative way of retaining customers.                               45

4.2.20: Marketing justifies its existence when it is used in the interest of the firm 

            and the public                                                                                                             45

4.2.21: The expensive nature of marketing make it not ideal for entrepreneurship firm. 46

4.2.22: We target our customers when we have an opportunity for competitive advantage.46

4.2.23: We have a very good customers service that gives feedback on our product     47

4.3.1: Relationship between Marketing and success of entrepreneurship business                       47

4.3.2: Relationship between Marketing techniques adopted and performance of 

            Entrepreneurial business                                                                                             48

Abstract

This research examine the impact of marketing on entrepreneurship development in Nigeria. The study highlighted the marketing techniques adopted by entrepreneurial firms in order to enhance their product sales; identify the relationship between new product planning and development, and entrepreneurial performance. It also determines the impact of marketing on the success of entrepreneurship business. Three research questions were raise to guide the study while two research hypotheses were tested. The research employed descriptive survey research. Questionnaires was designed for the study. The questionnaires was administered on ninety top management staffs drawn from thirty entrepreneurship business. Pearson Moment Correlation Coefficient analysis was used to test the hypotheses stated in the study. Findings of the study revealed that there was significant relationship between marketing and the success of entrepreneurship business. It also showed that there was significant relationship between marketing techniques adopted and the performance of entrepreneurship business. It was concluded that the marketing techniques adopted by entrepreneurship business improve their performance. Among other recommendations is that entrepreneurship firms should adopt a more modern technological marketing tool such as social media to create a viral market for their products and services. 

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