The Role of Entrepreneurial Orientations on the Perceived Performance of Small and Medium-Scale Enterprises (SMEs) in Nigeria
This study investigated the influence of entrepreneurial orientations on perceived SME performance. The entrepreneurial orientations selected for use in this research are: innovativeness, risk-taking and pro-activeness. Three hundred and ten participants were selected purposively for this study and they comprise 118 males and 192 females with the mean age of 7.02 and standard deviation of 7.84. Four hypotheses were tested and the study revealed that innovativeness, risk-taking, and pro-activeness jointly predicted organizational performance. Hypothesis one showed that there was a significant relationship between risk-taking and perceived SME performance, hypothesis two showed that risk-taking and innovativeness jointly predicted perceived organizational performance, but pro-activeness did not independently predict perceived SME performance. Hypothesis three showed that innovativeness and pro-activeness jointly predicted perceived SME performance and hypothesis four showed that innovativeness and risk-taking jointly predicted perceived SME performance. Based on the findings of this study it was recommended among others that entrepreneurial orientations will be advanced by paying greater attention to the role of organizational context in entrepreneurship.
Key words: Entrepreneurial orientations; Innovativeness; Risk-Taking; Pro-Activeness; SME performance
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