Essay On Small Business

Essay On Small Business-14
Unfortunately, 47 years after, Dunlops operations came to an end, as it became the victim of Nigeria’s moribund infrastucture.The company had to shut down it’s tyre plants, in 2009, when it has to layoff over 1,000 of it’s workforce.

Unfortunately, 47 years after, Dunlops operations came to an end, as it became the victim of Nigeria’s moribund infrastucture.The company had to shut down it’s tyre plants, in 2009, when it has to layoff over 1,000 of it’s workforce.

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This essay aims to demonstrate the effect that the environment has on the success rate of businesses in Nigeria.

It begins by explaining the concept of the business environment, discussing its relevance , the curent situation in Nigeria, the role of the government as well as the future possibilities, using a case study of the Michelin and dunlop tyre manufacturing company.

Two main types of incubators existed in Nigeria Industrial incubator B) Technology business incubators.

Both types are expected to perform a number of roles and functions, thereby stimulating growth of small and medium enterprises, as well as accelerating the pace of socio- economic development in general.

“Common sense suggests and academic studies agree that an ameliorative business environment enables entrepreneurial activity and boosts enterprise and performance.

The business environment in Nigeria is stressful, and so has the capacity to limit entrepreneurial activity.

This stressful business environment, which is a nationwide phenomenon, poses obstacles to Nigeria’s industrial development” (Mary Agboli and chikwendu Christian ukaegbu, 2000).

This essay examines the business environment in Nigeria, defined in terms of Infrastructure, access to credit, bureaucratic practices and regulatory policy For the purpose of this study, we will adopt the concept of a business environment as noted by (Bird, 1989), to be the events, circumstances, situations, settings, and niches, which surround entrepreneurial activity in Nigeria.

Business incubator programmes are often sponsored by private companies or municipal entities and public institutions .

Its main purpose is to grow the business to a level where it can stand alone thereby increasing its chances of success and growth.

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