Entrepreneurial Competencies on the Performance of Small and
Medium Scale Enterprises in Rivers State

Amadi; O. H.; Weke; C.

doi:10.56201/ijebm.v10.no5.2024.pg229.239

📄 Download Paper

Entrepreneurial Competencies on the Performance of Small and Medium Scale Enterprises in Rivers State

Amadi, O. H. and Weke, C.

Abstract

This study investigated the effect of Entrepreneurial Competencies on the performance of small and medium scale enterprises in Rivers State. The study used Entrepreneurial Skills (ES), Entrepreneurial Characteristics EC) and Entrepreneurial Motives (EM) to proxy Entrepreneurial Competencies as the independent variables whereas increased sales, increased profit, customer’s satisfaction and employment generation were used to proxy SMEs performance as the dependent variable. A total of four hundred and forty (440) copies of the questionnaires were administered to the selected SME in Rivers State, out of which four hundred and twenty-six (426) copies representing 96.8 percent of the questionnaire were properly completed and retrieved. The instruments used to gather information for this study includes questionnaires. Two different statistical methods were employed to analyze the data for the study; mean score analysis and the linear regression methods were used for the analysis. The result revealed that Entrepreneurial Skills (ES) have a negative and a significant effect on the performance of small and medium scale enterprises in Rivers State. Entrepreneurial Characteristics (EC) have a positive and an insignificant effect on the performance of small and medium scale enterprises in Rivers State. Entrepreneurial Motives (EM) have a positive and a significant effect on the performance of small and medium scale enterprises in Rivers State. The study therefore concludes that Entrepreneurial Skills reduces SMEs performance while Entrepreneurial Characteristics (EC) and Entrepreneurial Motives (EM) increases SMEs performance in Rivers State. The study recommends that there is need to provide more support and training for entrepreneurs in areas such as financial management, risk assessment, and teamwork. This could help to ensure that entrepreneurs are making decisions that are in the best interest of their businesses and avoiding the p

Keywords

EntrepreneurialPerformanceSkillCompetencyEnterprises

References

Charles, A., & Babatunde, H. (2012). An evaluation of the challenges and prospects of micro and small scale enterprises development in Nigeria. American International Journal of Contemporary Research, 2(4), 174-185. Fatoki, O. (2014). The impact of managerial competencies on the performance of immigrant- owned enterprises in South Africa. Mediterranean Journal of Social Sciences, 5(6), 141- Julius, O. (2011). Management competencies, attitude towards accessing finance and performance of SMEs: A case of selected SMEs in Masindi and Hoima District. (An Unpublished Masters Thesis). Makerere University, Kampala, Uganda. Kalpande, S. D., Gupta, R. C., & Dandekar, M. D. (2010). A SWOT analysis of small and medium scale enterprises: implementing total quality management. International Journal of Business, Management and Social Sciences, 1(1), 59-64. Martey, E.. Annin, K., Attoh, C., Wiredu, A. N., Etwire, P. M., & Al-Hassan, R. M. (2013). Performance and constraints of small scale enterprises in the Accra Metropolitan Area of Ghana. European Journal of Business and Management, 5(4), 83-93. Mitchelmore, S., & Rowley, J. (2010). Entrepreneurial competencies: a Literature Review and development agenda. International Journal of Entrepreneurial Behaviour & Research, 2(2), 16-25. Ogechukwu, A. D. (2011). The role of small scale industry in national development in Nigeria. Historical development and orientation of small scale industry. Universal Journal of Management and Social Sciences, 1(1), 23-41. Sanda, A. (2011). Managerial competence and non-performance of small firms in a developing economy. Interdisciplinary Journal of Contemporary Business Studies, 2(3), 6-24. Sanni, O. O. (2009). Small scale industry: Problems of establishing small business enterprise in Nigeria case study: Alahteef Nigeria. Journal of Business Economics, 2(4), 43-50. Shastri, R. K., Tripathi, R., & Ali, M. (2011). Liberalization and its impact on small scale Industries. International Journal of Vocational and Technical Education, 2(7), 81- 83.

Entrepreneurial Competencies on the Performance of Small and Medium Scale Enterprises in Rivers State

Abstract

Keywords

References

More Articles from IIARD INTERNATIONAL JOURNAL OF ECONOMICS AND BUSINESS MANAGEMENT