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IMPACT OF MARKETING ON ENTREPRENEURSHIP DEVELOPMENT IN NIGERIA
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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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