FACTOR INFLUENCING BEHAVIOR AND PERFORMANCE OF INDIGENOUS ENTREPRENEURS IN LAGOS STATE (A CASE STUDY OF OSHODI/ISOLO INDUSTRIAL ESTATE)
The role of indigenous entrepreneur in the technological and industrial development of any nation justifies the need for greater attention of this sector, the foundation of growth in developed countries of the world is usually attributed to the contribution of these indigenous entrepreneurs.
This study focused on these factors influencing the behaviour and performance of indigenous entrepreneur in Lagos State with a case study of Oshodi/Isolo Industrial Estate. A survey of indigenous entrepreneur was carried out through self-administered questionnaires which revealed that certain factors are important for the success of the indigenous entrepreneur which were considered under the personality and environmental factors in this study.
However, the Statistical Package for Social Sciences (SPSS) was adopted for the analysis of the data gathered. Owing to this analysis, it was revealed that technological factors affects the performance of indigenous entrepreneur in terms of profit. The study also reveals that work-experience as personality factors have a far reaching effect on the rate of turnover of indigenous entrepreneur.
The study recommends that indigenous entrepreneurs should adopt modern technologically developed machines for production of goods to records a laudable success.