SOCIAL ENTEPRENEURSHIP AND THE SUSTAINABILITY OF SMALL AND MEDIUM SCALE ENTERPRISES (SMEs) IN KOGI STATE

Abstract

This study examined the relationship between social entrepreneurship and the sustainability of small and medium scale enterprises (SMEs) in Kogi state. Specifically, the study investigated the nature of the
relationship that exists between social innovation and financial sustainability of small and medium scale
enterprises (SMEs) in Kogi state. The research design for this study is a quantitative research approach.
Purposive sampling technique was used to select the participants for this study. The sample size was 20
entrepreneurs who are engaged in social entrepreneurship activities within Kogi State. The selection
criteria were based on their involvement in social innovation and their willingness to participate in the
study. Primary data was collected through a structured questionnaire. The questionnaire consisted closed[1]ended questions that measures the level of social innovation and financial sustainability of SMEs. The collected data was analysed using descriptive and inferential statistical techniques. Descriptive statistics such as frequencies, means, and standard deviations was used to summarize and present the data. Inferential statistics such as correlation analysis and regression analysis were conducted to determine the nature of the relationship between social entrepreneurship and the sustainability of SMEs in Kogi State. The study therefore found out that there are significant and positives relationship between Social entrepreneurship and the sustainability of small and medium scale enterprises (SMEs) in Kogi state. Based on the findings the study recommends that Entrepreneurs should engage in more of social activities rather than see entrepreneurship as profit making venture alone.