An evaluation of individual entrepreneurial orientation and community development in Nigeria

Abstract

This paper is a review paper that examines the relationship between individual entrepreneurial orientation and community development. Entrepreneurial orientation is conceived as the tendency or openness of a firm or an individual towards innovativeness, risk -taking, pro-activeness and autonomy. On the other hand, Community development relates to the revitalization, improvement and positive changes brought to a Community either through external support or members’ contributions and involvement. It was further argued that individual entrepreneurial orientation like Community development is capable of stimulating developments in the areas of education, healthcare, agricultural extension, rural industry as well as the social fabrics of the Community. It was lastly concluded that while business firms within a community can actually initiate ideas and programmes that should benefit the Community as one of its stakeholders, individuals who are considered major stakeholders in the Community in development initiatives are expected to develop their entrepreneurial tendencies, which would stimulate commercial activities and overall development that will make life more meaningful for every dweller and stakeholder.