The Impact of the Economic Environment on Entrepreneurship Development a Case of Hared Petroleum Limited, Jinja District- Uganda

ABSTRACT: TI1e main purpose of this study was to investigate the impact of the economic environment on the enh·epreneurship development. This inspired the researcher to select Hared Petroleum Limited in Jinja as a case study. The research is driven by the quest to find out the main objective of the study. The study aimed at achieving the following objectives:- 1. To identify and examine the impact of economic environment on entrepreneurship development. 2. To determine relationship between economic environment and enh·epreneurship development. 3. To examine challenges encountered by enh·epreneurs for this case Hared . . Petroleum Limited. In summary, research is organized in five summarized chapters. Chapter one covers inh·oduction. background of the study, statement of the problem, objective of the study, research questions, significant of study, Definition of term, scope of the study and limitation of the study. Chapter two is the literature review, it contains inh·oduction, impact of economic environment on entrepreneurship development, the relationship between economic environment and entrepreneurship development and challenges encountered by enh·epreneurs. Chapter three describes the methodology employed in the study; it describes the information on the methods of data collection, the method and insh·uments of data collection and analysis. It includes research design, target population, sample size, data collection, data collection instrument, data processing and analysis. Chapter four covers the findings and conclusion from the respondents regarding the economic environment and entrepreneurship development. It covers the sex respondent, level of education respondent, job title respondent, department respondent length of service respondent, level of education respondent, marital status respondent, dish·ibution of age respondent and data analysis on research objectives which includes; determining the impact of economic environment on entrepreneurship development, determining the relationship between economic IV environment and entrepreneurship development and examining the . . challenges encountered by enh·epreneurs of Hared Peh·oleum Limited. Chapter five contains the summary of the study, the conclusions and recommendation on the impact of economic environment on the entrepreneurship development. It also suggests area for further research and lastly the reference and appendices.

TABLE OF CONTENTS

DECLARATION........................................................................ i

ACKNOWLEDGEMENT............................................................ ii

DEDICATION.......................................................................... iii

ABSTRACT.............................................................................. iv

TABLE OF CONTENTS . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . .. . . . . . . . . .. vi

CHAPTER ONE:

1.1 Inh"oduction. .. .. . . . . .. . . . . . . . . . . . . . .. . .. . . . . . . . . . . . .. .. . .. . . . . . . . . . . . . . . .. . . .. 1

1.2 Background..................................................................... 1

1.3 Statement of the problem.................................................... 3

1.4 Objectives of the study........................................................ 3

1.4.1 General objectives...................................................... 3

1.4.2 Specific objectives of the study..................................... 3

1.5 Research questions............................................................ 4

1.6 · · Significance of the study.................................................... 4

1.7 Conceptual framework....................................................... 5

1.8 Definition of terms . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 6

1.9 Scope of the study . . . . . . . . . . .. . . . .. . . . . . .. . . . .. . . . . . .. .. . . .. . . . . . . .. . . . . . . . . . ... 7

1.0 Limitation of the study . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7

CHAPTER TWO:

2.0 LITERATURE REVIEW ......................................................... 9

2.1 Introduction..................................................................... 9

2.2 Impact of economic environment on enh"epreneurship

development.................................................................... 10

2.3 The relationship between economic environment and

enh·epreneurship development............................................ 11

2.4 · Challenges encountered by enh"epreneurs . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 12

CHAPTER THREE:

3.0 METHODOLOGY............................................................. 14

3.1 Inh"oduction......................... .. . .. . . . . .. .. . . .. .. . . .. .. . . . . . . . . . . . . . . . . . .. 14

3.2 Research design................................................................. 14

3.3 Target Population ......................................... :. . . . . . . . . . . . . . . . . . . 14

3.4 Sample size and strategy..................................................... 14

3.5 Date collection.................................................................. 14

3.6 Data collection instruments................................................. 15

vi

3.6.1 Questionnaire........................................................ 15

3.6.2 Interview .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. . 15

3.6.3 Observation check list . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16

3.7 Date Processing and Analyzing .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. . 16

3.7.1 Editing.................................................................... 16

3.7.2 Coding.................................................................... 16

CHAPTER FOUR:

4.0 PRESENTATION, ANALYSIS AND DISCUSSION OF FINDINGS

4.1 Introduction .. .. .. .. .. .. ... .. .. .. ... .... .. ...... .... .. .. .. .. .. . .. .. .. .. . .. .. .. ... 17

4.2 Background information ofrespondents................................. 17

4.3 Data analysis based on research objectives............................... 21

CHAPTER FIVE

5.0 SUMMARY, CONCLUSION AND RECOMMENDATIONS

5.1 Summa1y............... ...... ......... ... .. .... .. . .. ..... .. ......... ... ...... .... 32

5.2 _. · Conclusion....................................................................... 33

5.3 Recommendation.............................................................. 33

5.4 Area of further research......... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34

BIBLIOGRAPHY 33

APPENDICES

Appendix I...................................................................... 34

Appendix II..................................................................... 35

Questionnaire .. .. .. .. .. .. .. . .. . .. .. .. .. . .. .. .. .. . .. .. .. .. .. .. .. . .. .. .. .. . .. .... 35

Appendix III................................................................... 40

Interview Schedule . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 40

Appendix IV.................................................................. 41

Time Plan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41

Appendix V... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42

Budget......................................................................... 42