Stephen O. Migiro
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2 publications
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An investigation on Nigerian banks’ status using early-warning signal
Adeyeye Patrick Olufemi , Stephen O. Migiro -
Small business and entrepreneurial venture in an economic conundrum
John Amolo , Stephen O. Migiro doi: http://dx.doi.org/10.21511/ppm.15(1-1).2017.14Problems and Perspectives in Management Volume 15, 2017 Issue #1 (cont.) pp. 271-279
Views: 1397 Downloads: 2119 TO CITE АНОТАЦІЯDoes small business add the same value as entrepreneurial venture to an economy? Entrepreneurial ventures are resilient to economic duress, while providing higher quality and quantity of jobs, products and services. A needed entrepreneurial economic omnipresence pervasively stimulates socio-economic mindset in opportunity, rather than resource pursuit. A managed economy is under challenge by a knowledge economy and the policies of the former have become irrelevant for the latter. The unpredictable economic times call for a flexibility associated with an entrepreneurial economy. In this presentation, a literature review was conducted to highlight this conundrum in an economy. The findings are that entrepreneurial ventures have their distinctive features from simply small business enterprise and are better served in an entrepreneurial economy than a managed economy.
The significance of an entrepreneurial business and economy for individuals and policy makers alike has never needed an emphasis as in the days of our economic volatility.