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Entrepreneurial Competencies: SMEs Performance Factor in the Challenging Nigerian Economy

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  • Uzairu Muhammad Gwadabe
  • Noor Aina Amirah

Abstract

Myriad of challenges engulfed the Nigerian business milieu. Business activities become more complex and competitive which renders the environment not only difficult for business success but resulting to the increasing failure of SMEs in the country. However, entrepreneurs need to develop strategies to survive in the dwindling economy. It is the duty of the entrepreneurs to interact with the external environmental dynamisms, which require them to be competent in many dimensions. This review proposes a set of competencies that can equip the entrepreneurs with necessary skills and tactics to excel in a challenging economy like that of Nigeria. The paper highlights the conceptualization and synergy between competencies and entrepreneurship on SMEs performance through three distinct paths: entrepreneurial traits, innovation and entrepreneurial marketing.

Suggested Citation

  • Uzairu Muhammad Gwadabe & Noor Aina Amirah, 2017. "Entrepreneurial Competencies: SMEs Performance Factor in the Challenging Nigerian Economy," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 3(4), pages 55-61, December.
    • Handle: RePEc:khe:scajes:v:3:y:2017:i:4:p:55-61
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    References listed on IDEAS

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    Cited by:

    1. Cosmas Anayochukwu Nwankwo & MacDonald Isaac Kanyangale, 2022. "Effect of Teamwork on Survival of Manufacturing Small and Medium Enterprises in Nigeria," Eurasian Journal of Business and Management, Eurasian Publications, vol. 10(3), pages 167-180.
    2. Nwankwo Cosmas Anayochukwu & Kanyangale Macdonald Isaac, 2019. "Market Orientation and Survival of Small and Medium Enterprises in Nigeria," Foundations of Management, Sciendo, vol. 11(1), pages 291-304, January.

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    More about this item

    Keywords

    Entrepreneurial competencies; entrepreneurship; Nigeria; performance; SMEs;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

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