A critical evaluation of the impact of self efficacy theory on the management of key challenges faced by young entrepreneurs in start-up. (a case study of young entrepreneurs in Lagos State, Nigeria)

Alfa, Ojoma Roseline (2024) A critical evaluation of the impact of self efficacy theory on the management of key challenges faced by young entrepreneurs in start-up. (a case study of young entrepreneurs in Lagos State, Nigeria). Masters thesis, Dublin, National College of Ireland.

Preview

PDF (Master of Science) Download (1MB) | Preview

Abstract

The entrepreneurial landscape is evolving rapidly, especially for young entrepreneurs embarking on startup ventures. Despite the wealth of research on entrepreneurship, there remains a significant gap in understanding the impact self-efficacy has on key challenges encountered by young entrepreneurs in start-up ventures. This dissertation addresses this gap by critically evaluating the impact of self-efficacy beliefs on how young entrepreneurs manage start-up businesses. Drawing on theories of self-efficacy from entrepreneurship and psychology literatures, this research examines how self-efficacy beliefs influence the ability of young entrepreneurs to navigate the multifaceted key challenges inherent in startup environments with qualitative methodologies which included interviews, this study delves into the nuanced dynamics between self-efficacy and entrepreneurial challenges.

The data gathered are that of ten (10) in-depth interviews that were completed with young entrepreneurs who own start-up businesses in Lagos, Nigeria and all participants are between the ages of 18-30years. This was done using the inductive approach to gain insights to the impact in which self-efficacy factors have on young entrepreneurs. Themes relevant to this research's overall findings were identified through thematic coding of the primary data. Findings from this research show the key challenge faced by most young entrepreneurs is the financial challenge of raising adequate capital. Findings also show that young entrepreneurs with high self-efficacy are more likely to handle start up challenges more effectively than young entrepreneurs with low self-efficacy.

Putting in context, the challenges faced by young entrepreneurs within the broader socioeconomic landscape and exploring the complexity of self-efficacy beliefs, this study aims to contribute to the understanding of entrepreneurial dynamics in startup environments in relation to self-efficacy beliefs.

Item Type:	Thesis (Masters)
Supervisors:	Name Email Hurley, David UNSPECIFIED
Subjects:	D History General and Old World > DT Africa H Social Sciences > HB Economic Theory > Entrepreneurship H Social Sciences > HD Industries. Land use. Labor > New Business Enterprises
Divisions:	School of Business > Master of Science in Entrepreneurship
Depositing User:	Ciara O'Brien
Date Deposited:	06 Jun 2025 08:57
Last Modified:	06 Jun 2025 10:14
URI:	https://norma.ncirl.ie/id/eprint/7773

Actions (login required)

View Item