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| Impact of Entrepreneurial Orientation in the Performance of Small and Medium Enterprises in Nigeria
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OGHENEVWEGBA, Elo-oghene and IWEGBUE, Chinwenwa Nelly
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Abstract:
The study examined the impact of Entrepreneurial Orientation (EO) in the Performance of Small and Medium Enterprises (PSME) in Nigeria: A study of SME's in Asaba, Delta State. The study is carried out within Asaba metropolis, Oshimili South Local Government Area of Delta State, Nigeria. The Entrepreneurial Orientation was measured with Proactiveness (PRO), Innovations (INVT), Risk Taking Propensity (RTP) and Competitive Aggressiveness (CA) in relation to the PSME in Nigeria. A total of 100 respondents, and total 100 questionnaires administered but 87 were returned and properly filled while 13 were not returned and analyzed with descriptive statistics, correlation matrix and multiple regression analysis with the aid of SPSS version 23 and it was discovered that PRO, INVT, RTP and CA has significant relationship with PSME in Nigeria. Findings obtained from the analysis, revealed that show that PRO, INVT, RTP and CA has significant relationship with PSME in Nigeria. The study also concluded that there is significant relationship between EO and PSME in Nigeria. The study therefore, recommended that small and medium scale enterprises should embrace the EO dimensions of PRO, INVT, RTP and CA to increase business performance and SMEs operators should adopt autonomy by encouraging employees to be autonomous and be free to take initiative for the best interest of the organization and use periodic appraisal to monitor them based on the result which will increase firm performance.
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