Management Factors Across Entrepreneurial Business Sectors in Emerging Economies of Nigeria and South Africa

Charles Temitope Jegede; Folashade Oyeyemi Akinyemi; Temitope Favour Jiboye; Michael Olufemi Akinyosoye

doi:doi:10.11648/j.ajmse.20190403.11

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Management Factors Across Entrepreneurial Business Sectors in Emerging Economies of Nigeria and South Africa

Charles Temitope Jegede, Folashade Oyeyemi Akinyemi, Temitope Favour Jiboye, Michael Olufemi Akinyosoye

Published in American Journal of Management Science and Engineering (Volume 4, Issue 3)

Received: 18 April 2019 Accepted: 11 June 2019 Published: 10 July 2019

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Abstract

The paper examined strategic management factors that promote entrepreneurial activities across some selected business sectors in the emerging economies of Nigeria and South Africa. Specifically, it identified the most prominent management factor in each economy, and the most crucial in each sector. We proposed that by examining these factors across sectors, in two emerging economies, management factors that enhance entrepreneurial activities would be industry specific and dissimilar. The sample size consisted of a total of 1200 entrepreneurs that aged between 18 to 64 years in Lagos and Johannesburg. The data were cleaned and analyzed using STATA Purposive sampling technique. Principal Component Analysis (PCA) was used to identify the most crucial policy factor (s) in each sector, Also, Chi-square test was used to show the association between the variables, and Cronbach’s Alpha was employed to test the internal consistency and reliability of some of the critical indicators. Research findings suggested that the management factors that enhanced entrepreneurial activities differ across business sectors. Some management factors are more crucial in some sectors than others. In Nigeria, marketing strategy was the principal component in all except service sector whereas in South Africa, recruitment policy was the principal component in all the seven sectors. For the pooled data, however, marketing strategy was the principal component in four out of seven sectors. Two factors, namely, Organizational Structure and recruitment policy were equally crucial in the telecommunication sector while accounting policy and recruitment policy were the principal components in metal and service sectors, respectively. The study suggests that entrepreneurial firms in Lagos needs to concentrate more on their marketing strategies while those in South Africa needs to focus more on their recruitment procedures for better performance.

Published in	American Journal of Management Science and Engineering (Volume 4, Issue 3)
DOI	10.11648/j.ajmse.20190403.11
Page(s)	39-48
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2019. Published by Science Publishing Group

Keywords

Entrepreneurship, Strategic, Industry, Marketing, Recruitment, Policy

References

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APA Style

Charles Temitope Jegede, Folashade Oyeyemi Akinyemi, Temitope Favour Jiboye, Michael Olufemi Akinyosoye. (2019). Management Factors Across Entrepreneurial Business Sectors in Emerging Economies of Nigeria and South Africa. American Journal of Management Science and Engineering, 4(3), 39-48. https://doi.org/10.11648/j.ajmse.20190403.11

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ACS Style

Charles Temitope Jegede; Folashade Oyeyemi Akinyemi; Temitope Favour Jiboye; Michael Olufemi Akinyosoye. Management Factors Across Entrepreneurial Business Sectors in Emerging Economies of Nigeria and South Africa. Am. J. Manag. Sci. Eng. 2019, 4(3), 39-48. doi: 10.11648/j.ajmse.20190403.11

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AMA Style

Charles Temitope Jegede, Folashade Oyeyemi Akinyemi, Temitope Favour Jiboye, Michael Olufemi Akinyosoye. Management Factors Across Entrepreneurial Business Sectors in Emerging Economies of Nigeria and South Africa. Am J Manag Sci Eng. 2019;4(3):39-48. doi: 10.11648/j.ajmse.20190403.11

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@article{10.11648/j.ajmse.20190403.11,
  author = {Charles Temitope Jegede and Folashade Oyeyemi Akinyemi and Temitope Favour Jiboye and Michael Olufemi Akinyosoye},
  title = {Management Factors Across Entrepreneurial Business Sectors in Emerging Economies of Nigeria and South Africa},
  journal = {American Journal of Management Science and Engineering},
  volume = {4},
  number = {3},
  pages = {39-48},
  doi = {10.11648/j.ajmse.20190403.11},
  url = {https://doi.org/10.11648/j.ajmse.20190403.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ajmse.20190403.11},
  abstract = {The paper examined strategic management factors that promote entrepreneurial activities across some selected business sectors in the emerging economies of Nigeria and South Africa. Specifically, it identified the most prominent management factor in each economy, and the most crucial in each sector. We proposed that by examining these factors across sectors, in two emerging economies, management factors that enhance entrepreneurial activities would be industry specific and dissimilar. The sample size consisted of a total of 1200 entrepreneurs that aged between 18 to 64 years in Lagos and Johannesburg. The data were cleaned and analyzed using STATA Purposive sampling technique. Principal Component Analysis (PCA) was used to identify the most crucial policy factor (s) in each sector, Also, Chi-square test was used to show the association between the variables, and Cronbach’s Alpha was employed to test the internal consistency and reliability of some of the critical indicators. Research findings suggested that the management factors that enhanced entrepreneurial activities differ across business sectors. Some management factors are more crucial in some sectors than others. In Nigeria, marketing strategy was the principal component in all except service sector whereas in South Africa, recruitment policy was the principal component in all the seven sectors. For the pooled data, however, marketing strategy was the principal component in four out of seven sectors. Two factors, namely, Organizational Structure and recruitment policy were equally crucial in the telecommunication sector while accounting policy and recruitment policy were the principal components in metal and service sectors, respectively. The study suggests that entrepreneurial firms in Lagos needs to concentrate more on their marketing strategies while those in South Africa needs to focus more on their recruitment procedures for better performance.},
 year = {2019}
}

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TY  - JOUR
T1  - Management Factors Across Entrepreneurial Business Sectors in Emerging Economies of Nigeria and South Africa
AU  - Charles Temitope Jegede
AU  - Folashade Oyeyemi Akinyemi
AU  - Temitope Favour Jiboye
AU  - Michael Olufemi Akinyosoye
Y1  - 2019/07/10
PY  - 2019
N1  - https://doi.org/10.11648/j.ajmse.20190403.11
DO  - 10.11648/j.ajmse.20190403.11
T2  - American Journal of Management Science and Engineering
JF  - American Journal of Management Science and Engineering
JO  - American Journal of Management Science and Engineering
SP  - 39
EP  - 48
PB  - Science Publishing Group
SN  - 2575-1379
UR  - https://doi.org/10.11648/j.ajmse.20190403.11
AB  - The paper examined strategic management factors that promote entrepreneurial activities across some selected business sectors in the emerging economies of Nigeria and South Africa. Specifically, it identified the most prominent management factor in each economy, and the most crucial in each sector. We proposed that by examining these factors across sectors, in two emerging economies, management factors that enhance entrepreneurial activities would be industry specific and dissimilar. The sample size consisted of a total of 1200 entrepreneurs that aged between 18 to 64 years in Lagos and Johannesburg. The data were cleaned and analyzed using STATA Purposive sampling technique. Principal Component Analysis (PCA) was used to identify the most crucial policy factor (s) in each sector, Also, Chi-square test was used to show the association between the variables, and Cronbach’s Alpha was employed to test the internal consistency and reliability of some of the critical indicators. Research findings suggested that the management factors that enhanced entrepreneurial activities differ across business sectors. Some management factors are more crucial in some sectors than others. In Nigeria, marketing strategy was the principal component in all except service sector whereas in South Africa, recruitment policy was the principal component in all the seven sectors. For the pooled data, however, marketing strategy was the principal component in four out of seven sectors. Two factors, namely, Organizational Structure and recruitment policy were equally crucial in the telecommunication sector while accounting policy and recruitment policy were the principal components in metal and service sectors, respectively. The study suggests that entrepreneurial firms in Lagos needs to concentrate more on their marketing strategies while those in South Africa needs to focus more on their recruitment procedures for better performance.
VL  - 4
IS  - 3
ER  -

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Author Information

Charles Temitope Jegede

Institute for Entrepreneurship and Development Studies, Obafemi Awolowo University, Ile-Ife, Nigeria
Folashade Oyeyemi Akinyemi

Institute for Entrepreneurship and Development Studies, Obafemi Awolowo University, Ile-Ife, Nigeria
Temitope Favour Jiboye

Institute for Entrepreneurship and Development Studies, Obafemi Awolowo University, Ile-Ife, Nigeria
Michael Olufemi Akinyosoye

Institute for Entrepreneurship and Development Studies, Obafemi Awolowo University, Ile-Ife, Nigeria

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Charles Temitope Jegede, Folashade Oyeyemi Akinyemi, Temitope Favour Jiboye, Michael Olufemi Akinyosoye. (2019). Management Factors Across Entrepreneurial Business Sectors in Emerging Economies of Nigeria and South Africa. American Journal of Management Science and Engineering, 4(3), 39-48. https://doi.org/10.11648/j.ajmse.20190403.11

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ACS Style

Charles Temitope Jegede; Folashade Oyeyemi Akinyemi; Temitope Favour Jiboye; Michael Olufemi Akinyosoye. Management Factors Across Entrepreneurial Business Sectors in Emerging Economies of Nigeria and South Africa. Am. J. Manag. Sci. Eng. 2019, 4(3), 39-48. doi: 10.11648/j.ajmse.20190403.11

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AMA Style

Charles Temitope Jegede, Folashade Oyeyemi Akinyemi, Temitope Favour Jiboye, Michael Olufemi Akinyosoye. Management Factors Across Entrepreneurial Business Sectors in Emerging Economies of Nigeria and South Africa. Am J Manag Sci Eng. 2019;4(3):39-48. doi: 10.11648/j.ajmse.20190403.11

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@article{10.11648/j.ajmse.20190403.11,
  author = {Charles Temitope Jegede and Folashade Oyeyemi Akinyemi and Temitope Favour Jiboye and Michael Olufemi Akinyosoye},
  title = {Management Factors Across Entrepreneurial Business Sectors in Emerging Economies of Nigeria and South Africa},
  journal = {American Journal of Management Science and Engineering},
  volume = {4},
  number = {3},
  pages = {39-48},
  doi = {10.11648/j.ajmse.20190403.11},
  url = {https://doi.org/10.11648/j.ajmse.20190403.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ajmse.20190403.11},
  abstract = {The paper examined strategic management factors that promote entrepreneurial activities across some selected business sectors in the emerging economies of Nigeria and South Africa. Specifically, it identified the most prominent management factor in each economy, and the most crucial in each sector. We proposed that by examining these factors across sectors, in two emerging economies, management factors that enhance entrepreneurial activities would be industry specific and dissimilar. The sample size consisted of a total of 1200 entrepreneurs that aged between 18 to 64 years in Lagos and Johannesburg. The data were cleaned and analyzed using STATA Purposive sampling technique. Principal Component Analysis (PCA) was used to identify the most crucial policy factor (s) in each sector, Also, Chi-square test was used to show the association between the variables, and Cronbach’s Alpha was employed to test the internal consistency and reliability of some of the critical indicators. Research findings suggested that the management factors that enhanced entrepreneurial activities differ across business sectors. Some management factors are more crucial in some sectors than others. In Nigeria, marketing strategy was the principal component in all except service sector whereas in South Africa, recruitment policy was the principal component in all the seven sectors. For the pooled data, however, marketing strategy was the principal component in four out of seven sectors. Two factors, namely, Organizational Structure and recruitment policy were equally crucial in the telecommunication sector while accounting policy and recruitment policy were the principal components in metal and service sectors, respectively. The study suggests that entrepreneurial firms in Lagos needs to concentrate more on their marketing strategies while those in South Africa needs to focus more on their recruitment procedures for better performance.},
 year = {2019}
}

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TY  - JOUR
T1  - Management Factors Across Entrepreneurial Business Sectors in Emerging Economies of Nigeria and South Africa
AU  - Charles Temitope Jegede
AU  - Folashade Oyeyemi Akinyemi
AU  - Temitope Favour Jiboye
AU  - Michael Olufemi Akinyosoye
Y1  - 2019/07/10
PY  - 2019
N1  - https://doi.org/10.11648/j.ajmse.20190403.11
DO  - 10.11648/j.ajmse.20190403.11
T2  - American Journal of Management Science and Engineering
JF  - American Journal of Management Science and Engineering
JO  - American Journal of Management Science and Engineering
SP  - 39
EP  - 48
PB  - Science Publishing Group
SN  - 2575-1379
UR  - https://doi.org/10.11648/j.ajmse.20190403.11
AB  - The paper examined strategic management factors that promote entrepreneurial activities across some selected business sectors in the emerging economies of Nigeria and South Africa. Specifically, it identified the most prominent management factor in each economy, and the most crucial in each sector. We proposed that by examining these factors across sectors, in two emerging economies, management factors that enhance entrepreneurial activities would be industry specific and dissimilar. The sample size consisted of a total of 1200 entrepreneurs that aged between 18 to 64 years in Lagos and Johannesburg. The data were cleaned and analyzed using STATA Purposive sampling technique. Principal Component Analysis (PCA) was used to identify the most crucial policy factor (s) in each sector, Also, Chi-square test was used to show the association between the variables, and Cronbach’s Alpha was employed to test the internal consistency and reliability of some of the critical indicators. Research findings suggested that the management factors that enhanced entrepreneurial activities differ across business sectors. Some management factors are more crucial in some sectors than others. In Nigeria, marketing strategy was the principal component in all except service sector whereas in South Africa, recruitment policy was the principal component in all the seven sectors. For the pooled data, however, marketing strategy was the principal component in four out of seven sectors. Two factors, namely, Organizational Structure and recruitment policy were equally crucial in the telecommunication sector while accounting policy and recruitment policy were the principal components in metal and service sectors, respectively. The study suggests that entrepreneurial firms in Lagos needs to concentrate more on their marketing strategies while those in South Africa needs to focus more on their recruitment procedures for better performance.
VL  - 4
IS  - 3
ER  -

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