Open AccessBUSINESS RISK MANAGEMENT PRACTICES ADOPTED BY ENTREPRENEURS FOR BUSINESS SUCCESS IN DELTA STATE
Author(s) -
Samuel Ikelegbe,
Romanus Udeh
Publication year - 2021
Publication title -
research journal of management practice
Language(s) - English
Resource type - Journals
ISSN - 2782-7674
DOI - 10.46654/rjmp.1109
Subject(s) - business , christian ministry , government (linguistics) , delta , risk management , data collection , null hypothesis , marketing , business administration , finance , engineering , economics , statistics , political science , philosophy , linguistics , mathematics , law , econometrics , aerospace engineering
The study was a survey research; it focused on determining the extent entrepreneurs adopt risk management practices for business management practice in Delta State. The population of the study comprises of 860 business owners who are registered with the Ministry of Commerce and Industries in Delta State. The instrument for data collection was a structured questionnaire with 16 items. Data collected were analyzed using mean and Standard deviation. The null hypothesis was tested using ANOVA statistics at 0.05 level of significance. Findings from the investigation revealed that entrepreneurs in Delta State do not adopt business risk management practices in managing their businesses. It was recommended among others that the Delta State Government and Ministry of Commerce and Industries should sensitize business owners on business risk management practice to enhance business success.