IIARD International Institute of Academic Research and Development

IIARD International Journal of Economics and Business Management (IJEBM )

E-ISSN 2489-0065
P-ISSN 2695-186X
VOL. 10 NO. 5 2024
DOI: 10.56201/ijebm.v10.no5.2024.pg185.199

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Examining the Influence of Entrepreneurial Mindset on the Performance of Small and Medium Scale Enterprises in Uyo Metropolis, Akwa Ibom State, Nigeria.

Grace U. Adoga, Weniebi Izon-ama Zibigha, PhD, Christiana B. Nsien, PhD and Orok A. Imagha, PhD

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Abstract

The main objective of the study is to examine the influence of entrepreneurial mind-set and performance of Small and Medium Enterprises in Uyo Metropolis, Akwa Ibom State, Nigeria. entrepreneurial mind-set was proxied to innovation and resilience. The study adopted survey research design. The choice of this design was influenced by the nature of the research problem. The population of the study comprise of 3,667 registered SMEs operators in Uyo Metropolis, Akwa Ibom State. A sample size of Three Hundred and Sixty was obtained using the Taro Yamane formula for sample size determination. Convenience sampling technique was adopted while the research instrument was a structure questionnaire. Descriptive and Inferential statistics were used in analyzing the study. Findings revealed that innovation had a high correlation value of R = 0. 804 with ?=0.761. Resilience also showed ?=0. 759. As such, it is concluded that study reveals that all the variables have a positive significant influence on performance of Small and Medium Enterprises in Uyo Metropolis, Akwa Ibom State, Nigeria. Based on the findings, it is recommended that Small and medium enterprises (SMEs) operators and managers should be more entrepreneurial innovative in practice, while considering the economic, social and environmental implications of their operations on the society. Equally, management and owners of Small and medium enterprises needs to understand the importance of resilience and on its enterprise and encourage it as such will help enhance their performance.

keywords:

Entrepreneurial Mindset, Innovation, Resilience, Performance, Small and Medium

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