Business Enterprises and Entrepreneurial Practices in Nigeria

Abstract

This paper’s argument is based on the fact that developing entrepreneurial culture will help the country to develop business enterprises culture which would facilitate enduring economic development rather than the simplistic approach which has become rhetoric and of no effect. The objective of the paper was to determine the influence of entrepreneurship practices on business enterprise culture. Data was sourced from primary sources using questionnaire as the main instrument of data collected. The questionnaire was self administered among entrepreneurs selected randomly in Ile-Ogbo, Iperindo and Ilobu represented the three senatorial districts in Osun State. The data were empirically manipulated using Non parametric statistical tool of Chi Square analyzed on computer based statistical package (Statistical Package for Social Scientists; SPSS 20.0). It was discovered that entrepreneur practices is common among the retirees and most of them are into retail trading and that entrepreneur practices has a significant positive effect on the product innovation but that entrepreneur practices has a no significant positive relationship with Government Policies. Based on these finding it is therefore recommended that negative consequences of government policies toward development of entrepreneurial practices should be tackled to enable the country produce entrepreneurs that will transform Nigerian business enterprises to efficient and effective organizations which will have capacity to contribute meaningfully into national development.

KEY WORDS: Product Innovation, strategies, orientation