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Entrepreneurial Orientation And Performance Of Business Enterprises

Author

Listed:
  • Augustine C. IHEROBIEM

    (Department of Business Administration, Faculty of Administration and Management Sciences, Olabisi Onabanjo University, Ago-Iwoye, Ogun State, Nigeria)

  • Mayowa E. ARIYIBI

    (Department of Banking and Finance, Faculty of Administration and Management Sciences, Olabisi Onabanjo University, Ago-Iwoye, Ogun State, Nigeria)

  • Olakunle A. SHOKOYA

    (Department of Sociology, Faculty of Social Sciences, University of Ibadan, Oyo State, Nigeria)

Abstract

The study examines the effect of entrepreneurial orientation on the performance of business enterprises. Five dimensions of entrepreneurial orientation which include Innovativeness, Risk Taking, Proactiveness, Autonomy, and Competitive Aggressiveness were used in the study and their effect on business enterprises in Ogun State, Nigeria. The study used a descriptive research survey and the population of the study consists of 200 business enterprises registered in the Ijebu Ode Local Government Area of Ogun State, Nigeria, and a sample size of 132 from that population was determined using the Raosoft sample size estimator at a 5% error tolerance and 95% level of confidence. Out of the 132 questionnaires distributed, 113 were returned, giving the study a response rate of 86%. Data were analyzed descriptively and inferentially using SPSS. The findings indicated that Innovativeness, Proactiveness, Risk Taking, Autonomy and Competitive Aggressiveness had a significant effect on business enterprise performance with coefficient and p-value of β1 =0.283 (p-value

Suggested Citation

  • Augustine C. IHEROBIEM & Mayowa E. ARIYIBI & Olakunle A. SHOKOYA, 2023. "Entrepreneurial Orientation And Performance Of Business Enterprises," Business & Management Compass, University of Economics Varna, issue 4, pages 298-311.
    • Handle: RePEc:vrn:journl:y:2023:i:4:p:298-311
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    More about this item

    Keywords

    Proactiveness; Autonomy; and Competitive Aggressiveness; Performance; Business Enterprises; Entrepreneurship;
    All these keywords.

    JEL classification:

    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • P24 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - National Income, Product, and Expenditure; Money; Inflation
    • C41 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Duration Analysis; Optimal Timing Strategies
    • E13 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Neoclassical

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