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Issue 5(1), October 2010 -- Paper Abstracts

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JOURNAL OF STRATEGIC INNOVATION AND SUSTAINABILITY

Impact of Age and Educational Background on Prior Knowledge of Technological

Microentrepreneurs in Lagos State, Nigeria

Author(s): Olaposi T.O., Oyebola A.I., Akintelu S.O.

Citation: Olaposi T.O., Oyebola A.I., Akintelu S.O., "Impact of Age and Educational Background on Prior Knowledge of Technological Microentrepreneurs in Lagos State, Nigeria," Journal of Strategic Innovation and Sustainability, Vol. 12, Iss. 1, pp. 68-79

Article Type: Research paper

Publisher: North American Business Press

Abstract:

This study assesses the level of knowledge of technology-based micro-entrepreneurs and investigates the

impact of entrepreneur’s age and education on their prior knowledge. The study was carried out in Lagos

State, Nigeria. Survey method was used. Two hundred and twenty-five firms participated in the study.

Among others, the results show (p < 0.05) that there is a significant association between age and

entrepreneur’s comprehensive knowledge set. Also, there is a significant association between educational

background and knowledge of how to serve market and between educational background and familiarity

with customers’ problems. However, no significant association was found between educational background

and rich knowledge about market. If micro-entrepreneurs will be able to perform satisfactorily, there is a

need to encourage adequate education and physical maturity before venture creation.