Open AccessImpact of Human Capital Development on Small and Medium Scale Enterprise in Some Selected Firms in Ananmbra State
Author(s) -
Anugwu Clara Chika,
Nwosu Kanayo Chike
Publication year - 2021
Publication title -
asian journal of economics, business and accounting
Language(s) - English
Resource type - Journals
ISSN - 2456-639X
DOI - 10.9734/ajeba/2021/v21i1830499
Subject(s) - proactivity , business , human capital , flexibility (engineering) , scale (ratio) , small and medium sized enterprises , human resources , entrepreneurship , population , service (business) , capital (architecture) , marketing , industrial organization , finance , economic growth , management , economics , physics , demography , quantum mechanics , sociology , archaeology , history
This study examine the effects of human capital development in Small and Medium-Scale Enterprises (SMEs) and entrepreneurship performance and improvement in some selected SME firms in Anambra State. Descriptive survey design was used in the study. The total population of the study was 270. Findings revealed that human capital development helps in improving the performance of firms through training of employees fro greater performance of SMEs; developing efficiency of the SMEs; influencing the proactiveness of the employees; enhancing the flexibility of the employees; and improving service delivery of the employees. This study recommended that firms should develop human capital development so as to avoid stagnation of the skills of the employee. The study further recommended that firms should utilize human capital development so that it would not affect the quality of service delivery of SMEs.