THE INFLUENCE OF ENTREPRENEURIAL SKILLS IN THE MANAGEMENT OF COMMERCIAL BANKS

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THE INFLUENCE OF ENTREPRENEURIAL SKILLS IN THE MANAGEMENT OF COMMERCIAL BANKS

ABSTRACT

It is now widely accepted by policy-makers, businesses and academics that innovation and entrepreneurship are essential for the survival of both large and small businesses and for value creation.

This study investigates how best to assess entrepreneurial skills in the medium sized firm. And to identify whether entrepreneurial skills can breed collective task efficacy to enhance performance. We shall also ascertain entrepreneurial skills in individuals (personal skills) and in team or group (heterogeneous skills) and to reaffirm their emanating effects to performance, management and changing environment and culture.

Research questions structured in a questionnaire, interview and observation were used to collate facts and data. Copies of the questionnaire were administered to a pre-determined group respondent to gather relevant information on the task or practices that enable entrepreneurial skills to operate. The percentage tabulation method was used to analyze the raw data.         The findings yielded that: creative thinking, planning and research, team building spirit, education, financial management skills and record keeping or goals setting were the criteria the firm used to test employees entrepreneurial skill. Others include skills in areas such as problem-solving, inculcate multi-skills orientation, team building spirit, innovation and technology friendly approach, good governance and leadership, effective communication, improve management or performance, adequate decision making risk management in the organization