Development Policy and Management Review
Volume 3 Issue 2 December 2023

Challenges And Opportunities: Unravelling The Dynamics Of Entrepreneurship Disruptions In Nigeria

Francisca Nkiruka Ezeanokwasa (Department of Business Administration, Faculty of Management Sciences, Tansian. University Umunya, Anambra State, Nigeria)
Stella Chinelo Nwagbala (Department of Business Administration, Faculty of Management Sciences, Nnamdi Azikiwe. University Awka, Anambra State, Nigeria)
Raphael Nwachukwu (Department of Accountancy, Faculty of Management Sciences, Tansian University Umunya, Anambra State, Nigeria)
Ifeanyichukwu Nwadiogo Oranusi (Department of Marketing, Faculty of Management Sciences, Nnamdi Azikiwe. University Awka, Anambra State, Nigeria)
Anthony Ejike Ani (Director of Entrepreneurship Department, Tansian University Umunya, Anambra State, Nigeria)



Article Info

Publish Date
07 Mar 2024

Abstract

Entrepreneurship disruptions have become a pervasive and transformative force in today's global business landscape. These disruptions are characterized by the rapid and often unpredictable changes that impact the way entrepreneurs conceive, launch, and operate businesses. In the modern era, the rapid pace of technological advancement and the rise of disruptive innovations have presented a significant challenge for entrepreneurs and established businesses alike. As entrepreneurs strive to identify and leverage disruptive opportunities, they face complex issues related to market dynamics, economic instability resource allocation, and competitive pressures. Moreover, the ever-accelerating rate of disruption necessitates a deeper understanding of how entrepreneurs can effectively navigate these challenges while staying innovative and sustainable. This study seeks to identify and analyse the experiences and challenges faced by businesses in their pursuit of sustainability during this disruptive era. Data were generated via the internet, newspapers, newsletters, libraries and other documented materials pertinent to the study.  Findings revealed that there is a positive relationship between entrepreneurship disruptions and business sustainability in Nigeria. To fully harness disruptive entrepreneurship and achieve sustainability, regulatory reforms, technological advancements, changing consumer behaviour, infrastructure development, and increased access to funding are crucial. Consequently, to address these challenges and promote sustainability, it is imperative to conduct a comprehensive analysis of the experiences and challenges faced by businesses and individuals in the disruption era, businesses in Nigeria need to adopt innovative solutions, and collaborate with relevant stakeholders while keeping a close eye on regulatory changes and global trends.

Copyrights © 2023






Journal Info

Abbrev

DPMR

Publisher

Subject

Economics, Econometrics & Finance Environmental Science Social Sciences

Description

DPMR is a peer-reviewed journal that publishes innovative empirical and conceptual articles from research and practices in development policy and public management. The Editors welcome original contributions on any aspect of policy analysis, economic development and public management issues from ...