Abstract:
ABSTRACT
Licensed chemical businesses in Ghanaian urban and rural communities and
beyond face the challenges of competencies and survivability. Thisstudy sought
to understudy the effect of owner’s/manager’s competencies on the survival of
licensed chemical dealers in Sekondi-Takoradi. The population of the study was
1544 licensed chemical dealers, of which 308 was sampled. Self-administered
questionnaires were employed for data collection, and data were analyzed using
Partial Least Square technique. This study discovered that owner's/manager's
entrepreneurial, managerial, and technical competencies have a positively
significant effect on the survival of licensed chemical dealers. The findings of
this study confirmed that, when entrepreneurs thus owner/manager’s of licensed
chemical businesses, possess a higher level of these competencies, it can
positively affect the survival of their businesses. The study recommended that,
the pharmacy council develop initiatives to promote networking among licensed
chemical business staff and pharmacy shop owners with other sub government
units or stakeholders. This will enhance new skills and serve as a platform in
soliciting support for licensed chemical enterprises' innovation and survival
