Modelling Human Capital Resource Mobilisation Practices for Sustaining Business Productivity among Small Businesses in Nigeria

Main Article Content

M. C. Okafor
J. C. Ihemeje
Efanga, Udeme Okon
Kayadi, Biradawa
H. A. Yamta


Human capital has long been argued as a critical resource in most companies for sustaining development of business productivity. The study empirically determined the effect of human capital resource capacity on sustainable increase in productivity of agro-allied small businesses in Nigeria. The instrumentality of this study is the research questions structured in a five-point likert scale. The Linear Regression Analysis used to test the hypotheses. Statistical Packages for Social Sciences (SPSS) was used to aid the data analysis. The study discovered that human capital has positive and significant effect on sustainable increase in productivity of agro-allied small businesses in Nigeria. The study recommended education the small business entrepreneurs on the benefits of equity financing as a viable option towards business growth and expansion.

Human capital, resource mobilization, sustainable business productivity.

Article Details

How to Cite
Okafor, M. C., Ihemeje, J. C., Okon, E. U., Biradawa, K., & Yamta, H. A. (2020). Modelling Human Capital Resource Mobilisation Practices for Sustaining Business Productivity among Small Businesses in Nigeria. Asian Journal of Economics, Business and Accounting, 18(4), 18-27.
Original Research Article


Greenwood W, Will F, Wood N, Zelano, J. Human capital as a contributor to Organisation Competitive Advantage: E-Leader Slovenia. 2013;34-42.

Holland P, Sheehan C, De Cieri H. Attracting and retaining talent: Exploring human resources development trends in Australia. Human Resource Development International. 2007;10:247-262.

Chadwick C, Dabu A. Human resources management and the competitive advantage of firms: Toward a more comprehensive model of causal linkages. Organisation Science. 2009;20:253-272.

Sariolghalam N, Noruzi MR, Rahimi GR. The enigma of physics’ quantumskills strategies in the area of management.Modern Applied Science. 2010;4(4):147-154.

Muhammad AM, Riaz AM, Chandan LR. Human capital a source ofcompetitive advantage Ideas for strategic leadership.Australian Journal of Basic and Applied Sciences. 2013;3(4):4182-4189.

Murray AA contingency view of Porter’s generic strategies. Academy of Management Review. 2008;13:390–400.

Andah RA, Chima KO. Capacity building for entrepreneurs: A tool for sustainable development; Conference Proceedings of the Entrepreneurship Development Centre’s 2nd International Entrepreneurship Research Conference on Innovative Entrepreneurship for Sustainable Development”, at the, Nasarawa State University, Keffi, Nasarawa State, Nigeria. 2016;1. [ISBN: 978-978-957-115-4]

Carpenter MA, Sanders WG. Strategic management: A dynamicperspective, concepts & cases.(2nd ed.). Upper Saddle River, NJ: Pearson Prentice Hall. 2009;76-81.

Korunka C, Frank H, Lueger M, Mugler J. The entrepreneurial personality in the context of resources, environment, and the start up process: A configurational approach. Entrepreneurship Theory and Practice, 2003;28(1):23-42.

Crick AP. Managing service workers: Exploratory insights from a sample ofJamaican service organisations.Journal of Eastern Caribbean Studies. 2007;32(4):8-30.

Pilbeam S, Corbridge, M. People resourcing: Contemporary HRM inpractice. (3rded.) Harlow, England: Pearson Prentice Hall. 2006;102-111.

Obayi AU, Eigbiremhon I. Aspects of entrepreneurial potentiation: Cognition topractice. Owerri, Equity Ventures Publications. 2015;98-107.

Unam MJ, Unam FJ. Promoting production capabilities of small-scalemanufacturing business through microfinance banking in Nigeria: JORIND. 2013;11(2).;

Mohammed UD, Nzelibe CGO. Entrepreneurial skills and profitability ofsmall and medium enterprises (SMEs): Resource acquisition strategies for new ventures in Nigeria; Proceedings of 25th International Business Research Conference. 2014: 13 - 14 Taj Hotel, Cape Town, South Africa. ISBN: 978-1-922069-42-9

Dollinger, M.J. Entrepreneurship strategies and resources; (4th ed), Lombard, Illinois U.S.A., Marsh Publications. 2008;12-20.

Andersen ES. Schumpeter’s evolutionary economics: A theoretical, historical and statistical analysis of the engine of capitalism: - Anthem Press. 2009;81-90.

Wright P. A refinement of Porter’s Strategies. Strategic Management Journal. 2011;9:93–101.

Okorie NN, Kwa DO, Olusunle OO, Akinyanmi AO, Momoh IM. Technopreneurship: An urgent need in the material world for sustainable Nigeria; European Scientific Journal. 10. 2014;1-12.

Kim MP. Knowledge retention enhances performance-based management, viewed 28 February 2012; 2005. Available:

Pietrobelli, E.C &Rabellotti, R. Upgrading in global value chains: Lessons from Latin American Clusters; Agorà 2000 MIMEO for the IDB. 2004;41-50.

Amulu CC. Entrepreneurial development and small scale businesses in Enugu State: University of Nigeria Enugu Campus. 2014;34-44.

Shah A. Causes of poverty, Global issues., (Accessed on 06 July 2012: 49-58)

Shane SA, Venkataraman, S. The promise of entrepreneurship as a field of research, Academy of Management Review. 2000;48-59.

Shane SA. A General Theory of Entrepreneurship: The Individual-Opportunity Nexus. Cheltenham: Edward Elgar. 2003;15-26.

Monday JU, Akinola GO, Ologbenla P, Aladeraji OK. Strategicmanagement and Firm Performance: A study of selected manufacturing companies in Nigeria: European Journal of Business and Management. 2015;7(2):161–171.

World Bank. Agriculture for development, World development report 2008: World Bank, Washington DC. 2007;1-24.

Gartner WB, Shaver KG, Carter NM, Reynolds PD. Handbook of entrepreneurial dynamics. Thousand Oaks, CA: Sage Publications. 2005;90- 98.

Davidson P. Entrepreneurship – and after? A study of growth willingness in small firms, Journal of Business Venturing. 2012;4:211-226.

Kipene V, Lazaro E, Isinika AC. Labour productivity performance of small agro-processing firms in Mbeya and Morogoro, Tanzania.Journal of Economics and Sustainable Development. 2013;4(3):125–134.