This study examined entrepreneur’s level of management skills and performance of Small and Medium Enterprises (SMEs) in the automobile industry: Evidence from Anambra State, Nigeria. The study modelled the effect of entrepreneur’s planning skills, entrepreneur’s human resource management skills, entrepreneur’s logistics management skills, entrepreneur’s management information skills, entrepreneur’s quality assurance skills, entrepreneur’s financial management skills and entrepreneur’s monitoring and evaluation skills on the performance of automobile industry using an econometric regression model of the Ordinary Least Square (OLS). The population of the study consists of 2698 registered SMEs in the automobile industry in the state. A sample of 384 was determined using Taro Yamani formula. Out of the 384 respondents sampled only 378 responded and were used for the analysis. Findings revealed that Planning Skills, HRM skills, Logistics Management Skills, Management Information Skills, Quality Assurance Skills, Financial Management Skills and Monitoring and Evaluation Skills are significant determinant of performance of SMEs in Automobile Industry. The study therefore recommends that upcoming entrepreneurs should strive to acquire planning skills if it is not innate in them. This is because people with entrepreneurial planning skills tend to have high productivity or creativity and ability to correctly calculate the time it will take to do a determined task. Practicing and intending entrepreneurs should be trained on human resource management. This is because a good human resource manager can acquire or hires competent human resources and also can set out training required to develop skills among others.
Entrepreneur, Management Skills, Small and Medium Enterprises (SMEs), Planning, Human Resource Management, Logistics Management, Management Information, Quality Assurance, Financial Management, Monitoring and Evaluation
International Journal of Trend in Scientific Research and Development - IJTSRD having
online ISSN 2456-6470. IJTSRD is a leading Open Access, Peer-Reviewed International
Journal which provides rapid publication of your research articles and aims to promote
the theory and practice along with knowledge sharing between researchers, developers,
engineers, students, and practitioners working in and around the world in many areas
like Sciences, Technology, Innovation, Engineering, Agriculture, Management and
many more and it is recommended by all Universities, review articles and short communications
in all subjects. IJTSRD running an International Journal who are proving quality
publication of peer reviewed and refereed international journals from diverse fields
that emphasizes new research, development and their applications. IJTSRD provides
an online access to exchange your research work, technical notes & surveying results
among professionals throughout the world in e-journals. IJTSRD is a fastest growing
and dynamic professional organization. The aim of this organization is to provide
access not only to world class research resources, but through its professionals
aim to bring in a significant transformation in the real of open access journals
and online publishing.