ENVIRONMENTAL FACTORS AND ENTREPRENEURIAL PRODUCTIVITY OF SELECTED HOSPITALITY FIRMS IN DELTA STATE, NIGERIA
Abstract
The general objective of the study is to examine the environmental factors that affect entrepreneurial productivity in Asaba, Delta State. Survey research design was adopted in the study. Data was obtained from 25 hospitality firms in the study area. Two hundred and fifty three (253) respondents sampled from a population of one thousand (1000) hospitality firm owners, managers and workers was used for the analysis. The probability sampling technique was employed for the selection of the respondents. The statistical tools used for the analysis of the data includes; descriptive characteristics of data, group correlation methods and multiple regression test conducted to test hypotheses formulated using stata version 13.0 software. The result show that; Environmental factors have significant positive relationship with entrepreneurial productivity. The study concluded that the role of environmental factors on entrepreneurial productivity is very important in enhancing the socio-economic well-being of the people. This study thus recommends that entrepreneurs in hospitality firms should encourage social events within the society that they operates, so as to increase their patronage and enhance firm’s profitability. The study contributes to knowledge by reaffirming that economic factors would have an effect on entrepreneurial productivity.
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