Management Skills in Entrepreneurship in a Changing World: A Sociolinguistic Review

Abstract

Management skills in entrepreneurship in a changing world, is a paper which aims at reviewing the importance or role of management skills in today’s entrepreneurship, from a sociolinguistic perspective. Entrepreneurship is, now more than ever, becoming the panacea to the present youth unemployment worldwide. Universities and other tertiary institutions churn out hundreds of graduates every year. Unfortunately, many of these graduates do not have any professional or management skills which can make them stand on their own, and the labor market is already over saturated with job seekers. Governments, the world over, are now introducing entrepreneurship education whereby undergraduates and postgraduates can learn management skills which can make them become gainfully self-employed. This paper reviews some theories and some of the important management skills which the prospective entrepreneurs should have. Some of them are: financial management, decision and control, personnel, resource management, marketing, risk and security management, management of uncertainty, computer management, time management and manipulative skills. The author suggests some strategies which an entrepreneur can use for utilizing and allocating organization’s inputs (men, materials and money) through planning, directing and controlling. It is suggested that the youths have to go through entrepreneurship education. Some of the skills required in entrepreneurship education are: curriculum planning, delivery, instructional, manipulative, material utilization, management, procedural, disciplinary, group dynamics, career guidance, research, laboratory precaution and creativity skills. All these are presented as curriculum guides, from sociolinguistic perspective.