Evaluation of Correlation Between Motivation and Business Ownership

Publication Date: 13/08/2018


Author(s): Oyewole Dadah, Oni Folashade Elizabeth.

Volume/Issue: Volume 1 , Issue 1 (2018)



Abstract:

The task of entrepreneurship in the economic growth and development of developed economies like The United States, Britain, Japan, Canada and others challenges most developing economies including Nigeria to re-examined their developmental concept and plan and see enterprises development as very vital to their ever-increasing economic problems. As a result, womenfolk’s entrepreneurs have been seen as important variable in entrepreneurial development of the nation. However, more important is the understanding of the relationship between the factors that motivate women into entrepreneurship and their choice of business ownership. This paper is therefore focused on examining this phenomenon. Data for analysis was obtained from the women lists compiled by the Business Directory, and other associations of Nigerian Women in business within Ilorin and metropolis. Model of correlation coefficient was used to analyze the data from the primary source through the instrument of questionnaires. The findings of the survey showed that there is a significant relationship between entrepreneurial motivation and women choice of business ownership. Recommendations for policy making were offered based on these findings.



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CC BY-NC-ND 4.0