Motivation as a Factor Responsible for Entrepreneurial Growth in Nigeria: A Case Study of Export Logistics Limited, Akure, Nigeria

Abstract

This paper evaluated the motivational factors that facilitate entrepreneurial growth, and the extent to which entrepreneurs’ motivation positively affects entrepreneurial growth of Export Logistics Limited, Akure, Nigeria. The study attempted to find answers to research questions by using survey design to collect data from 70 respondents with the aid of a 17-item questionnaire. The respondents comprised of management and staff of Export Logistics Limited, Akure. Data for this study were analyzed using descriptive statistics and non-parametric statistics - chi-square (X2) was used to test one hypothesis at 5% significant level. The findings revealed that the respondents were motivated by both monetary and non-monetary incentives. However, they were more motivated by monetary incentives, and there is a positive and significant relationship between entrepreneurs’ motivation and entrepreneurial growth. The paper recommended a continuous inclusion of a well-planned consensus motivational packages for entrepreneurs in government policies and provision of enabling environment by the government through its policy framework and guidelines.

DOI: 10.5901/mjss.2014.v5n4p166