Small Scale Business Operators’ Risk-Taking And Pro-Activeness: An Imperative Approach To Sustainable Nigeria Economic Development Of Federal Universities In South-South, Nigeria
Atah Cletus Akpo
Department of Vocational Education, University of Calabar, Calabar
Ogbuji Michael Okpe
Department of Vocational Education, University of Calabar, Calabar
Agbor Emmanuel Ekep
Department of Business Education, Cross River University of Technology
Keywords: Risk-taking, Pro-activeness, Sustainable, Economic Development
Abstract
This study examined small scale business operators’ risk-taking and pro-activeness: An imperative approach to Sustainable Nigeria Economic Development in Federal Universities in South-South, Nigeria. To achieved the purpose of the study two research questions and two hypotheses were formulated to guide the study. A survey research design was adopted for the study. The population comprised of 825 Small Scale Business Operators in Federal Universities in South – South Nigeria. The sample used in the study was 425 selected small scale business operators from the study area. A researcher-made four points rating scale questionnaire titled “Small Scale Business Operators’ Risk-taking and Pro-activeness: An imperative approach to Sustainable Nigeria Economic Development Questionnaire” (SSBORTPIASNEDQ) was used for data collection. The instrument was face and content validated by three research experts. A reliability estimate ranging from .81 to .86 was achieved for the instrument using Cronbach Alpha reliability coefficient after a pilot test. The data were analyzed using simple linear regression statistical tool. All the hypotheses were tested at .05 level of significance. The results of the analysis revealed that risk-taking and pro-activeness among small scale business operators significantly influence Sustainability of Nigeria Economic Development in Federal Universities in South-South, Nigeria. Based on the finding of the study it was recommended among others that; small scale business operators in Nigeria Universities should rebrand their small scale businesses to ensure sustainability