ENTREPRENEURIAL COMPETENCE AND ORGANIZATIONAL PERFORMANCE OF SMES IN EDO STATE, NIGERIA

  • Akukwe Emmanuel Ufonna Department of Entrepreneurship & Business Management, Faculty of Management Sciences, National Open University of Nigeria, Awka Study Centre

Abstract

This research empirically studied the influence of entrepreneurial competencies on the organizational performance of SMEs (fast food and bar enterprises) in Edo State. The specific objectives were to determine the relationship of risk-taking, persistence, innovation, and opportunities competence on organizational performance. The study was based on resource-based theory, a conceptual model to explain the relationship among the various variables. The well-filled and retrieved questionnaire from the owners of the fast food and bar enterprise was167. The hypotheses data were tested using the spearman rank-order correlation coefficient. The results of this study indicate that the entrepreneurial competence variables (risk-taking, persistence, innovation, and opportunities) have a significant influence on organizational performance. It was recommended that entrepreneurs should continuously pay great attention to entrepreneurial competence in order to their organizational performance.

Published
2021-06-27
Section
Articles