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The Nigerian business incubation programme: the moderating role of government policy

An instrument which practitioners have acknowledged as an essential mechanism used in supporting greenhorn companies is the business incubation system. Several countries of the world have implemented the business incubation concept ever since it was conceived and developed in the United States in 19...

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Main Authors: Obaji, Nkem Okpa, Amat Senin, Aslan, Richards, Cameron Keith
Format: Article
Published: The Korean Institute of Industrial Engineers 2014
Subjects:
HD28 Management. Industrial Management
Online Access:http://eprints.utm.my/id/eprint/59996/
http://dx.doi.org/10.7232/iems.2014.13.3.330
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spelling my.utm.599962022-01-23T03:53:58Z http://eprints.utm.my/id/eprint/59996/ The Nigerian business incubation programme: the moderating role of government policy Obaji, Nkem Okpa Amat Senin, Aslan Richards, Cameron Keith HD28 Management. Industrial Management An instrument which practitioners have acknowledged as an essential mechanism used in supporting greenhorn companies is the business incubation system. Several countries of the world have implemented the business incubation concept ever since it was conceived and developed in the United States in 1959. It is a model that has typically given itself much more readily within industrialized countries with identical environments to the United States. Nigeria also adapted it in 1993 where the resulting process and practice failed to live up to anticipations. To determine the significant role of government policy on the incubation dimensions and its success is the purpose of this research. Data collection process involved the surveying of stakeholders in Nigeria with some direct involvement in the national programme. The Partial Least Squares (PLS) was employed for the analysis. The findings showed that all exogenous variables collectively explained 52.4% of the variance in success. Meanwhile, when a moderation effect is present; the variable increased to 62.3%. Consequently, it is recommended that for a business incubation scheme to be successful and effective, government needs to implement efficient policies since results showed that these policies influenced all the relationships. The results' implications as well as limitations of the study are discussed. The Korean Institute of Industrial Engineers 2014-09 Article PeerReviewed Obaji, Nkem Okpa and Amat Senin, Aslan and Richards, Cameron Keith (2014) The Nigerian business incubation programme: the moderating role of government policy. Industrial Engineering and Management Systems, 13 (3). pp. 330-341. ISSN 1598-7248 http://dx.doi.org/10.7232/iems.2014.13.3.330 DOI:10.7232/iems.2014.13.3.330
institution Universiti Teknologi Malaysia
building UTM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Malaysia
content_source UTM Institutional Repository
url_provider http://eprints.utm.my/
topic HD28 Management. Industrial Management
spellingShingle HD28 Management. Industrial Management
Obaji, Nkem Okpa
Amat Senin, Aslan
Richards, Cameron Keith
The Nigerian business incubation programme: the moderating role of government policy
description An instrument which practitioners have acknowledged as an essential mechanism used in supporting greenhorn companies is the business incubation system. Several countries of the world have implemented the business incubation concept ever since it was conceived and developed in the United States in 1959. It is a model that has typically given itself much more readily within industrialized countries with identical environments to the United States. Nigeria also adapted it in 1993 where the resulting process and practice failed to live up to anticipations. To determine the significant role of government policy on the incubation dimensions and its success is the purpose of this research. Data collection process involved the surveying of stakeholders in Nigeria with some direct involvement in the national programme. The Partial Least Squares (PLS) was employed for the analysis. The findings showed that all exogenous variables collectively explained 52.4% of the variance in success. Meanwhile, when a moderation effect is present; the variable increased to 62.3%. Consequently, it is recommended that for a business incubation scheme to be successful and effective, government needs to implement efficient policies since results showed that these policies influenced all the relationships. The results' implications as well as limitations of the study are discussed.
format Article
author Obaji, Nkem Okpa
Amat Senin, Aslan
Richards, Cameron Keith
author_facet Obaji, Nkem Okpa
Amat Senin, Aslan
Richards, Cameron Keith
author_sort Obaji, Nkem Okpa
title The Nigerian business incubation programme: the moderating role of government policy
title_short The Nigerian business incubation programme: the moderating role of government policy
title_full The Nigerian business incubation programme: the moderating role of government policy
title_fullStr The Nigerian business incubation programme: the moderating role of government policy
title_full_unstemmed The Nigerian business incubation programme: the moderating role of government policy
title_sort nigerian business incubation programme: the moderating role of government policy
publisher The Korean Institute of Industrial Engineers
publishDate 2014
url http://eprints.utm.my/id/eprint/59996/
http://dx.doi.org/10.7232/iems.2014.13.3.330
_version_ 1724073250769600512
score 13.211869

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