Neraca: Jurnal Pendidikan Ekonomi
Vol. 9 No. 2 (2024): Neraca: Jurnal Pendidikan Ekonomi

The Role of Entrepreneurial Orientation in Small Medium Enterprises Performance in Lagos, Nigeria

Ogbaini, Clement Aliu (Unknown)
Akpor, Afam Augustine (Unknown)
Oputa, John Edewor (Unknown)
Marvis, Vine Bello (Unknown)
Williams, Maureen Chinansa Ola (Unknown)
Okafor, Ndubuisi (Unknown)



Article Info

Publish Date
20 May 2024

Abstract

This study examines the role of entrepreneurial orientation on the performance of Small and Medium Enterprises (SMEs) in Nigeria. The objective was to determine the effect of innovativeness, risk-taking, proactiveness, autonomy and competitive aggressiveness on the performance of SMEs in Nigeria. Using a 21-item questionnaire with a 5-point Likert scale, the authors collected data on entrepreneurial orientation and SMES Performance. Taro Yamani Formula determined the sample size of 222 SME owners, Managers and Workers. Collected data was analysed with the use of a frequency distribution table, and simple percentages and the hypotheses were tested with Chi-Square statistical formula. The study revealed that innovativeness, risk-taking, proactiveness and competitive aggressiveness enhance the performance of SMEs. The practice of autonomy does not enhance SMEs' performance. The research suggests that SME owners and managers should be creative and innovative to adapt to external changes and customer needs. They should take calculated risks, invest in new products and services, conduct competitor analysis, and encourage employee initiatives.

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Journal Info

Abbrev

neraca

Publisher

Subject

Economics, Econometrics & Finance

Description

The publication of Neraca: Jurnal Pendidikan Ekonomi indeed participates in disseminating the results of research and review of science and technology development conducted by lecturers and researchers especially from UM Palangkaraya and other universities. This edition contains eight articles ...