MENTORSHIP AND ENTREPRENEURIAL PERFORMANCE: A THEORETICAL EXPLORATION OF COMPARATIVE FRAMEWORKS IN THE EU AND NIGERIA WITHIN THE OECD PARADIGM
Maryam Isyaku and Umar F. Sulaiman
Volume 4 Issue 3
Abstract
This study explores the role of mentorship in shaping entrepreneurial performance, with a focus on comparative analysis between the European Union (EU) and Nigeria, framed within the context of OECD guidelines. Mentorship is widely recognized as a critical factor in the success and sustainability of entrepreneurial ventures. In the EU, mentorship is largely formalized and supported by institutional frameworks, providing entrepreneurs with structured guidance, resources, and networks. Conversely, in Nigeria, mentorship is predominantly informal, with community networks and familial ties playing a significant role, though access remains inconsistent. By examining these two models, the study highlights the key differences in mentorship practices and their implications for entrepreneurial outcomes. The research also investigates the potential for cross-regional insights, offering recommendations for policy and practice that can improve mentorship systems in both regions. Additionally, the study identifies future theoretical directions for research, emphasizing the need for further exploration into the long-term impacts of mentorship, its role at various stages of entrepreneurship, and the potential of digital platforms in enhancing mentorship accessibility. Overall, this study contributes to a deeper understanding of how mentorship influences entrepreneurial performance in diverse economic contexts. Keywords: Mentorship, Entrepreneurial Performance, European Union, Nigeria, OECD Guidelines, Comparative Analysis
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