ABSTRACT
This
study examined entrepreneurial performance and its determinants among cassava
processing entrepreneurs in Abia State, Nigeria. It specifically examined
socio-economic characteristics, types and sizes of businesses, entrepreneurial
characteristics possessed by entrepreneurs, the determinants of performance,
and profitability of value added activities. Multistage sampling techniques
were used to select 120 cassava processors. Descriptive statistics, multiple
regression, likert scale, and enterprise analysis techniques were employed to
analyze the data collected. Six business types (3 sole, and 3 combination
businesses) namely garri only, fufu only, abacha only, garri and fufu, garri and abacha and garri and flour were identified. All the
businesses identified were at the micro level, employment ranged from 1 to 9. Entrepreneurs
possessed all six entrepreneurial characteristics included in the study. The overall mean score for individual
characteristics was 3.45 for innovation,3.45 for
creativity, 3.37 for perseverance, 3.49 for self-criticism, 3.51 for
leadership, and 3.48 for market orientation. The mean scores of the
characteristics were compared using t-test and it was shown that there were no
differences in means. Level of education, venture capital, volume of
credit and household size were significant at 1% level of significance while
marital status, experience, and membership of business association were
significant at 5%. Age and extension contact were not significant. R2 was
0.624. Average Net Income (NI), profitability Index (PI) and Rate of Return on
Investment (RRI) in the sole businesses were highest for abacha only (N 379428.60k,
0.469, and 88.415 respectively) and lowest for garri only (N 263,112.00k,
0.336, and 50.532 respectively) while in the combination businesses they were
highest for garri and abacha (N 640,850.00k, 0.416, and 69.643 respectively) and lowest for garri and flour (N 348,900.00k, 0.239, and 32.402 respectively). Comparing
profitability across businesses/enterprises showed significant difference in
profitability across many businesses. The study therefore concludes that
entrepreneurs were performing given the limited resources available to them.
They possessed positive personal characteristics which enabled them run profitable
businesses against all odds. It was however found that cassava-processing and
value-addition were still at primary level, a situation which is traceable to
lack of adequate investment capital and other factors external to the
entrepreneur and his business. It is therefore recommended that more investment
be made by government and other stakeholders (especially in provision adequate
credit and training) to enable entrepreneurs in the sub-sector acquire
necessary capacities to engage in more meaningful and industrially-significant
value-adding processing.
OMEZIE, O (2024). Analysis of Entrepreneurial Performance and its Determinants among Cassava-Processing Entrepreneurs in Abia State, Nigeria:- Wogu, Omezie O. Mouau.afribary.org: Retrieved Nov 23, 2024, from https://repository.mouau.edu.ng/work/view/analysis-of-entrepreneurial-performance-and-its-determinants-among-cassava-processing-entrepreneurs-in-abia-state-nigeria-wogu-omezie-o-7-2
OBINNA, OMEZIE. "Analysis of Entrepreneurial Performance and its Determinants among Cassava-Processing Entrepreneurs in Abia State, Nigeria:- Wogu, Omezie O" Mouau.afribary.org. Mouau.afribary.org, 16 Apr. 2024, https://repository.mouau.edu.ng/work/view/analysis-of-entrepreneurial-performance-and-its-determinants-among-cassava-processing-entrepreneurs-in-abia-state-nigeria-wogu-omezie-o-7-2. Accessed 23 Nov. 2024.
OBINNA, OMEZIE. "Analysis of Entrepreneurial Performance and its Determinants among Cassava-Processing Entrepreneurs in Abia State, Nigeria:- Wogu, Omezie O". Mouau.afribary.org, Mouau.afribary.org, 16 Apr. 2024. Web. 23 Nov. 2024. < https://repository.mouau.edu.ng/work/view/analysis-of-entrepreneurial-performance-and-its-determinants-among-cassava-processing-entrepreneurs-in-abia-state-nigeria-wogu-omezie-o-7-2 >.
OBINNA, OMEZIE. "Analysis of Entrepreneurial Performance and its Determinants among Cassava-Processing Entrepreneurs in Abia State, Nigeria:- Wogu, Omezie O" Mouau.afribary.org (2024). Accessed 23 Nov. 2024. https://repository.mouau.edu.ng/work/view/analysis-of-entrepreneurial-performance-and-its-determinants-among-cassava-processing-entrepreneurs-in-abia-state-nigeria-wogu-omezie-o-7-2