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IMPACT OF MARKETING STRATEGIES ON ENTREPRENEURIAL SUCCESS

Table of contents

Table of Contents                                                                                     vii

List of Tables                                                                                           ix

CHAPTER ONE: Introduction                                                                1

1.1     Background to the Study                                                               1

1.2     Statement of the Problem                                                               10

1.3     Aim and Objectives of the Study                                                   13

1.4     Research Questions                                                                        13

1.5     Research Hypotheses                                                                     14

1.6     Justification of the Study                                                               14

1.7     Scope of the Study                                                                         14

1.8     Limitation of the Study                                                                  15

1.9     Operational Definition of Terms                                                    15

 CHAPTER TWO: Literature Review                                                      16

2.0     Introduction                                                                                    16

2.1     Conceptual Review                                                                        16

2.1.1  Overview of Marketing Strategies                                                 16

2.1.2  Definition of Strategic Marketing                                                  21

2.1.3  Nature of Entrepreneurship                                                            24

2.1.4  Marketing and Entrepreneurship Success                                      26

2.2     Theoretical Review                                                                        28

2.2.1  The Contingency Theory in Management                                     28

2.2.2  The Commitment – Trust Theory                                                  34

2.3     Empirical Review                                                                          37

CHAPTER THREE: Methodology                                                          41

3.1     Introduction                                                                                   41

3.2     Variables Specification                                                                  41

3.3     Research Design                                                                            41

3.4     Population of the Study                                                                 42

3.5     Sample and Sampling Techniques                                                 42

3.6     Re-Statement of Research Hypotheses                                          42

3.7     Research Instrument                                                                      43

3.8     Source of Data                                                                               43

3.9     Procedure of Administration of Instrument                                   44

3.10   Model Specification                                                                       44

3.11   Validity and Reliability of Research Instrument                           44

3.12   Method of Data Analysis                                                               45

3.13   Limitations of the Study                                                                45

CHAPTER FOUR: Data Presentation, Analysis and Interpretations        46

4.0     Introduction                                                                                    46

4.1     Demographic Distribution of Respondents                                   46

4.2     Data Analysis According to Test of Hypothesis                            48

4.3     Discussion of Findings                                                                  52

CHAPTER FIVE: Summary, Conclusion and Recommendation             54

5.1     Summary                                                                                        54

5.2     Conclusion                                                                                     55

5.3     Recommendations                                                                          56

5.4     Suggested Area for Further Studies                                               57

References                                                                                                58

Appendix 1: Questionnaire                                                                      67

 LIST OF TABLES

Table Title                                                                                                Page

4.1.1 Gender Distribution of Respondents                                             46

4.1.2  Age Distribution of Respondents                                                   47

4.1.3  Marital Distribution of Respondents                                             47

4.1.8 Distribution of Respondents by their Educational Level            48

4.2.1  Relationship between Marketing Strategies and

          Entrepreneurial Performance                                                         49

4.2.2  Relationship between Marketing Strategies and

          Entrepreneurial Performance                                                         50

4.2.3  Relationship between Marketing Strategies and

          Sales volume/profit                                                                        51

Abstract

Entrepreneurial firms adopt marketing as a key function which encompass innovation and creativity. Marketing is a central concern of entrepreneurial research, even though entrepreneurs are not typically marketing experts. Therefore this study investigated the impact of marketing strategies on entrepreneurship success with focus on Ijebu-Ode Local Government Area. The study highlighted the relationship between marketing strategies and entrepreneurship performance, relationship between new product planning and development and entrepreneurial performance, and examine if marketing strategies adopted increases sales volume/profit of entrepreneurship business. The study employed descriptive survey research design with a sample size of one hundred respondents drawn from twenty entrepreneurs firms. Questionnaire was designed for testing the three hypotheses derived. The hypotheses were tested using bivariate correlation and linear regression. The findings of the study revealed that there is a significant relationship between marketing strategies and entrepreneurial performance. It showed that there is a significant relationship between new product planning and development and entrepreneurial performance. Among other recommendations of the findings is that universities and other technical institutions should be encourage to participate in entrepreneurial development by providing access to information and appropriate technology.

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