LOCUS CONTROL AND BUSINESS GROWTH OF ALUMINUM ROOFING SHEET COMPANIES IN PORT HARCOURT, RIVERS STATE

Abstract

This study was to examine the relationship between locus control and business growth of Aluminum Roofing Sheet Companies, Port Harcourt, Rivers State. Most businesses lack the competencies that allow them to be competitive in the market; hence the alarming failure rates occur, especially during the first 5 years of their existence. The specific objectives among others focused in the study were: to determine the relationship between locus of control and financial strength of Aluminum Roofing Sheet Companies, Port Harcourt, Rivers State. The study was anchored on Resource Based theory. The population of the study comprised of twenty (20) selected Aluminum Roofing Sheet Companies in Port Harcourt, Rivers State with one hundred (100) top management staff as the respondents. However, a census study was employed in this study because the population under consideration was small. Census study is used to ensure accurate results. The study concluded that, in order to diminish the negative consequence of the challenging business environment it is important that the entrepreneurs act proactively within the environment. It was recommended among others that, there is need for entrepreneurs to take up a variety of tasks.