Effects of Owner/manager’s Competencies on the Survival of Licensed Chemical Dealers in Sekondi-takoradi.

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