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- THE EFFECT OF GOVERNMENT EXPORT PROMOTION POLICIES ON THE DEVELOPMENT OF EXPORT BUSINESS IN NIGERIA (A STUDY OF THE NIGERIAN EXPORT PROMOTION COUNCIL [NEPC])
- EFFECT OF MANAGEMENT BY OBJECTIVES ON ORGANIZATION PERFORMANCE (A CASE STUDY OF VITAMALT PLC)
- THE EFFECT OF PHYSICAL DISTRIBUTION ON ORGANIASATIONAL PERFORMANCE (A STUDY OF AGRO MARKETING FIRMS IN LAGOS STATE)
- EFFECT OF INTERNAL AUDIT ON MANAGERIAL PERFORMANCE IN PUBLIC ENTERPRISE
- EFFECT OF EMPLOYEES PARTICIPATION IN DECISION MAKING ON ORGANISATION PERFORMANCE (A STUDY OF NIGERIA BAG MANUFACTURING PLC)
- THE EFFECT OF MANPOWER TRAINING AND DEVELOPMENT ON OGRANIZATIONAL PERFORMANCE (A CASE OF UNILEVER NIGERIA PLC.)
- EFFECT OF WORKING CAPITAL MANAGEMENT AS A TOOL FOR BUSINESS SURVIVAL (A STUDY OF RAMSGATE PHARMACETICAL AND TOPMAN PAINT INDUSTRY)
- IMPACTS OF INFORMATION AND COMMUNICATION TECHNOLOGY ON BUSINESS ORGANISATION PERFORMANCE (CASE STUDY OF FIRST BANK OF NIGERIA PLC: IGANMU BRANCH)
EFFECT OF BUSINESS STRESS ON THE PERFORMANCE OF SMALL SCALE ENTERPRENUER
This research tends to examine the effect of business stress on the performance of small scale enterprenuer with scope covering One hundred business owners across Lagos State.
A survey design was employed, with the use of simple random sampling technique one hundred business owners were sampled in Lagos state.
Data were gathered with the used of a well structured questionnaire which were distributed to one hundred business owners. These data were analysed and presented on table in percentile.
Five hypotheses were formulated and tested with the use of Chi-Square analysis. The analysis resulted to rejecting all null hypotheses and accepting the five hypotheses.
It was concluded that there is significant relationship between business stress and business performance, there is significant relationship between business stress and work motivation and there is significant relationship between business stress and marital status.
Recommendations were poffered to this business owners.
TABLE OF CONTENTS
Title Page i Certification ii
Table of Contents vi
1.1 Introduction 1
1.2 Statement of the Problem 2
1.3 Objectives of the Study 3
1.4 Research Questions 4
1.5 Research Hypotheses 4
1.6 Research Methodology 5
1.7 Significance of the Study 5
1.8 Scope of the Study 6
1.9 Limitations of the Study 6
2.1 Introduction 9
2.2 Work Motivation and the Performance of Small Business
2.2.1 Theories of Motivation 15
126.96.36.199Content Theories of Motivation Process Theories of Motivation 23
2.2.3 What Motivates Employees 26
2.2.4 Methods of Motivation 28
2.3 Social Support and the Performance of Small Business
2.3.1 Forms of Social Support 31
2.4 Unmet Expectations and the Performance of Small Business
2.5 Professional Conditions and the Performance of Small Business
CHAPTER THREE: RESEARCH METHODOLOGY
3.1 Introduction 41
3.2 Research Design 41
3.3 Population and Sampling of the Study 41
3.4 Research Instrument 42
3.5 Method of Data Collection 42
3.6 Method of Data Analysis 42
CHAPTER FOUR: DATA PRESENTATION, ANALYSIS AND INTERPRETATION OF RESULTS
4.0 Introduction 44
4.2 Descriptive Frequency Analysis of the Instrument 45
SUMMARY, CONCLUSION, AND RECOMMENDATIONS
5.1 Summary 68
5.2 Conclusion 68
5.3 Recommendation 69
This study focus on how stress affects the performance of small business entrepreneurs in
To Schumpeter (1961), an entrepreneur is a dynamic agent of change, or the catalyst who transformed increasingly physical natural and human resources into corresponding production possibilities. For any economy to grow and develop there is need for entrepreneurship. Entrepreneurship has been defined as the willingness and ability of an individual to seek out investment opportunities, establish and run an enterprise successfully. Over the years, several attempts have been made to explain economic growth, within the past three decades or so, one factor which has been emphasized as a pre-requisite to economic growth is entrepreneurship.
In the context of our society, an entrepreneur will be assumed to include any person who runs a business. Thus, the man who owns a departmental store, bookshop, beer parlour, printing press, beauty saloon, publisher, manufacturer, wholesaler, retailer etc is an entrepreneur (Nwachukwu, 1990) small and medium scale business owners in this country have on their own made immense contribution to the development of the national economy over the year.
On the other hand, despite the contributions made by entrepreneurs to the economy they are often faced with some problems which include:
v High Degree of Business Uncertainty: Entrepreneurship development is faced with high level of uncertainty associated with enterprise ownership, there is constant threat of government interventions, political instability and degrees etc. Because of these, one has to expect changes in monetary policy, credit policy, etc.
v Limited Profit Opportunities: This is as a result of low level of real income and limited market, even now, the situation is the same with economic depression and most business enterprise are folding up because they cannot break even what more making profit.
v Problem of Power Supply: Power failure possesses a lot of problem for entrepreneurs which make them spend more for alternative resources.
v Insufficient Capital: Most entrepreneurs find it difficult to borrow from banks, because of the processes involved and because of this reasons, he/she has limited resources to work with.
Other problem encountered by entrepreneurs include family problem, emotional problem, work overload, cultural barrier, work insecurity, work pressure, high cost of materials etc.
All these and lots more causes problem for small scale business owners which might lead to stress. The effect of stress in the work place can be sometimes serve that same researchers have been prompted to equate it effect with “combat stress” or battle fatigue.” (Nelson et al). stress lowers individual and organisational performance which lead to both production and quality suffering (Nelson and Quick, 1996).
Stress in the workplace is a growing problem with extensive cost to individual, organisations and the society at large. Often times, small business owners are faced with high level of stress, this is because work and its demand often dominate their lives (Jamal, 1997), clear separation between work and non-work activities are frequently non-existence, moreover, an average work day can easily extend to 12 hours or longer (Jamal and Badawi, 1995).
Although many industrialised nations and their citizens might be enjoying the frit of their industrial revolution through ever-higher standard of labour they are enjoying these fruits less than was anticipated. This may be due to large measure to the excessive level of stress in their lives (Karasek et al.,) stress is widely accepted as a potential drawback of small business owners (Akande, 1992 et al).
Therefore, this study will examine how stress affect the performance of small business entrepreneurs and also evaluate the problems associated with stress in business and probably suggest solutions.
The objectives for this study include:
v To determine the impact of business stress on the performance of small business entrepreneurs.
v To determine the impact of work motivation on the performance of small business entrepreneurs.
v To determine the impact of social support on the performance of small business entrepreneurs
v To determine the impact of collegiality on the performance of small business entrepreneurs
v To determine the effect of unmet expectation on the performance of small business entrepreneurs
v To determine the impact of autonomy in the performance of small business entrepreneurs.
1.4 RESEARCH QUESTIONS
This research would be guided by the following questions, and hypothesis
· How does stress affect the performance of small scale business?
· How often do you experience business stress?
· What are the causes of business stress?
· What measure can be taken to over-come business stress?
· How do business stress contribute to the failure of Small-scale businesss?
· In what way does stress affect ones performance?
1.5 RESEARCH HYPOTHESES
To provide answer to the research questions arising from this study, the following hypotheses are postulated.
Ho: There is no significant relationship between business stress and business performance
H1: There is significant relationship between business stress and business performance
Ho: There is no significant relationship between business stress and negative affectivity
H1: There is significant relationship between business stress and negative affectivity
Ho: There is no significant relationship between business stress and work motivation
H1: There is significant relationship between business stress and work motivation
Ho: There is no significant relationship between business stress and marital status
H1: There is significant relationship between business stress and marital status
Ho: There is no significant relationship between business stress and the numbers of years in business.
H1: There is significant relationship between business stress and the numbers of years in business
1.6 RESEARCH METHODOLOGY
The study is based on primary data collected using a structured questionnaire which was basically structured questions relating to the objectives use study. Chi-square was being employed to analyse the information collected.
1.7 SIGNIFICANCE OF THE STUDY
Numerous studies has explored the causes of occupational stress and these include: the pressures, job dissatisfaction, job insecurity, poor supervision, boring repetitive work, work over load, lack of communication, too much or too little responsibility, poor work/life balance etc (Kaal, 1973). Little is known on how work motivation, social support and collegiality help to reduce the impact of stress on performance of small business entrepreneurs, and how unmet expectation also affects their performance.
This research therefore helps to advance the researchers knowledge in respect to the topic and also enable her contribute to the finding of solution to the problem for which the research is based.
1.8 SCOPE OF THE STUDY
The scope of the study is limited to some particular businesses such as the Mechanical/Autorical, Transport Service, Business Venture/Bulk Sales (Antisan). This is to say that the study is restricted to some selected workers and some business eexecutive in Yaba Area of
In the course of the study, there were some set backs that have hindered the full realisation of the objective of this study. First, is that the study is limited to only 100 business owners compared to the large number of entrepreneurs in
Also, there was a poor response by some entrepreneurs especially the Transport Service who less believe in paper work and therefore fail to fill their questionnaires promptly, while some collected the questionnaires and refuse to return them thereby reducing the total number of questionnaires distributed.