Influence of Uncertain Business Environment on Entrepreneurship Decision Making In Nigeria

Influence of uncertain business environment on entrepreneurship decision making is theoretical in nature. The paper pose that the business environment is full of  challenges, these challenges are referred to as business variables, these variables  are divided into two: controllable variables and uncontrollable variables, an entrepreneur must try in as much as possible to diagnose this uncertain business environment before investing the scarce resources. The paper has the following objectives: To determine the impact of environment on business decision, to evaluate the risk associated to investment opportunity and to examine the factors that can hindered the prospects of business in an environment. These factors could be technology, economic system, legal, competitors, and manpower etc. the paper also look at selected areas for examination such as: concept of business, concept of entrepreneurship, characteristics of business, decision making process, types decision, identification of business ventures, product life cycle, entrepreneurship and environmental scanning, SWOT analysis, plant location and layout decision. The study is significant because it has contributed to the body of knowledge, prospective entrepreneurs will also find the article useful as a guide to further study in the field of entrepreneurship, students, individual researcher will also find the articles useful, the paper has equally  helped to understand the implication of investing in an uncertain business environment in Nigeria. It is not as a result of expansion or capital, but it is traceable to inability of an entrepreneur to analyzed business environment before investing the scarce resources. This paper has equal spell out step by step that entrepreneur need to follows in order to judiciously invest these scarce resources. The paper contains about 28 pages includes references. Such as title, introduction, abstract, objectives, significance, major topics on the influence of uncertain business environment on entrepreneurship decision making, summary, conclusion and recommendations Keywords: Uncertainty, Business Environment, Entrepreneurship, Decision-Making, SWOT Analysi

An Enquiry into the Contributions of Microfinance Institutions Towards the Development of Small Scale Business in Nigeria

This paper examined the impact of Microfinance Institutions’ policies on the growth and development of Small Scale Business in Nigeria for the period 2005 to 2012. Nine (9) Microfinance Institutions and one hundred and fifty five (155) of their clients were interviewed. Records from the period shows that there is an increase in the numbers of savings and loans made by the Micro Finance Institutions, this signifies a rise in the need for Microfinance Institutions services in the economy. The study adopts the use of Multiple Regression Analysis to regress the relationship between the dependent variable and independent variables. We also employed the use of Analysis of Variance to determine the strength of the Regression Analysis. The OLS result suggests existence of positive relationship between both the dependent and independent relationship. Our findings suggested that macroeconomic policy should be designed in such a way that will encourage the survival of Microfinance Institutions and attracts low income – informal sector which in turn leads to increase in productivity and employment generation