Influence of Entrepreneurial Orientation on Firms Performance: Evidence from Small and Medium Enterprises in Nigeria

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Abstract

Entrepreneurship has emerged as promising new solutions to solve societal problems. This study seeks is to analyses how entrepreneurial orientation i.e. proactiveness, competitive aggressiveness autonomy, innovation, and risk-taking influence firms' performance in Abuja. To fulfil this purpose, survey research design and a theoretical framework were developed depicting the different entrepreneurial orientations and firm performance in its context. Sampling technique of simple random was adopted in which only one hundred and ten (110) SMEs in Abuja responded to the survey questionnaire and a total of ninety-seven (97) valid responses were judged to be appropriate. The descriptive statistics and as well as inferential statistical tool was used to analyses the data. It was revealed that proactiveness, risk-taking and autonomy are positive and significantly related to business performance while, competitiveness was positive but insignificant. It is recommended that similar studies should be replicated to validate this result.

Keywords: Entrepreneurial orientation; Firms Performance; Technology-based SMEs

JEL Classifications: L25, L26

DOI: https://doi.org/10.32479/ijefi.9126

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Author Biographies

Abbas Umar Ibrahim, Department of Business Administration, Nile University of Nigeria, Abuja, Nigeria

Head of Department of Business Administration, Nile University of Nigeria, Abuja, Nigeria

Martins Mustapha Abu, Nile University of Nigeria,

Department of Business Administration, Nile University of Nigeria, Abuja, Nigeria

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Published

2020-03-01

How to Cite

Ibrahim, A. U., & Abu, M. M. (2020). Influence of Entrepreneurial Orientation on Firms Performance: Evidence from Small and Medium Enterprises in Nigeria. International Journal of Economics and Financial Issues, 10(2), 99–106. Retrieved from https://www.econjournals.com/index.php/ijefi/article/view/9126

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