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Impact of training and development of entrepreneurs on the performance of SMEs in Dublin, Ireland

Oseni, Sorburat Ololade (2020) Impact of training and development of entrepreneurs on the performance of SMEs in Dublin, Ireland. Masters thesis, Dublin, National College of Ireland.

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Poor performance of SMEs occasioned by inadequate exposure to relevant training that would uplift their knowledge and skills needed for business growth is rising in Ireland. This menace of inadequate training has resulted in different business failures in the past. There has been dearth of recent literature on entrepreneurship training and performance of SMEs in Ireland and this study will no doubt fill this vacuum. This study therefore investigated the impact of training and development of entrepreneurs on SMEs performance in Dublin, Ireland. The methodology used was a cross sectional survey, whereby data was collected once, and a mixed design was used in which both the quantitative and qualitative methods were utilized. The population of the study was the SMEs’ operators in Ireland. The Microsoft forms format of online questionnaire was used, with a total of 50 responses gotten for the analysis. Two research hypotheses were tested, and three research questions answered in this study. There were both primary and secondary sources of data collection. The primary source was online questionnaire, while the secondary source was through research journals. Entrepreneurship training scale had a Cronbach’s alpha reliability of 0.778, while the business performance scale had a reliability coefficient of 0.288; discriminant validity of the scale indicates that the entrepreneurship training scale and business performance scale had a value of -.263. The statistical tests that were applied in this study were One Way Analysis of Variance (One-way ANOVA), regression analysis, Pearson Product Moment Correlation (PPMC). The statistical package for the social sciences (SPSS) was used as the tool for the analysis. It was found that the most attained educational level of education of operators was SMEs was college degree with participants being 24 (48%). The most used method of entrepreneurship training is formal education, with mean of 6.167, standard deviation of 0.753 which is the highest in the series. That there was no significant relationship between entrepreneurship training and business performance among SMEs operators in Ireland (r = - .263, n= 50 p >.05). That the effect of Entrepreneurship training methods on the performance of SMEs among SMEs in Ireland was (R = .263 and R2 = .069 and adjusted R2 = .030, Fratio =1.777; P>0.05). Training will enable entrepreneurs to develop great capacity towards building sustainable relationship with customers; that training gives them more exposure to the workings and happenings in the industry; it gives them edge over the competitors. It was concluded that in order to ensure best practices in business, that would be globally acknowledged, the need to embrace training of the SME operators becomes crucial.

Item Type: Thesis (Masters)
Subjects: H Social Sciences > HB Economic Theory > Entrepreneurship
H Social Sciences > HD Industries. Land use. Labor > Small Business Sector
H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management > Human Resource Management > Training and Development
Divisions: School of Business > Master of Science in Entrepreneurship
Depositing User: Dan English
Date Deposited: 17 Feb 2021 16:35
Last Modified: 17 Feb 2021 16:35

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