ENTREPRENEURIAL ORIENTATION CHANGE PRACTICES AND PERFORMANCE OF SELECTED REGISTERED SMES IN LAGOS STATE, NIGERIA.

Authors

  • Akeem Olanrewaju Ajani
  • Thaddeus Ojo Olufayo
  • A. Salau Abdulazeez
  • Asimiyu Aderogba Ademola

Keywords:

Change, Entrepreneurial orientation, Performance, Practices, SMEs.

Abstract

The development of nation’s economy is critical to its ability of developing strategies that
exploit opportunities and managerial philosophies uniqueness in decision making, the
growing diversity and enthusiasm of interest among businessmen and academics,
particularly in the transforming procedures with an entrepreneurial orientation has become
great concern. The study investigates how changing entrepreneurial oriented practices
utilizing a cross sectional survey affected the performance amongst the four selected top
grocery registered SMEs (Jendol superstore, Just-rite superstore, Addide stores, and KD
Foods) operating in Ikorodu, division of Lagos State, Nigeria. Questionnaire was
administered as a source of data collection to 100 respondents among staff of not less than
three (3) years of employment engagement as the sample size, proportionally selected from
the study focus. Pearson correlation statistical tool was adopted for data analysis. The study
reveals that, innovativeness and risk-taking of business have a highly significant impact on
SMEs performance; with pro-activeness having a weak, but positive relevance on SMEs
performance. In conclusion, to improve and optimize entrepreneurial orientation change
practices and adapt to future threatening changes, firm’s need to strengthened desire of
healthy competitions, identifying and targeting weakness of competitors. It is recommended
that, more innovativeness be sought after as guiding principles for capability and
adaptability to handle the complexity of the ever- changing business surrounding, while
involvement in risk- taking need be adopted with inevitable zeal and willingness to attain
organizational growth and improved performance. Pro-activeness should be given adequate
consideration to maintain and surpass existing performance as opportunities come but once.
Despite study limitations, future researchers may need to enlarge sample size and create
intense awareness on SMEs generally.

Author Biographies

  • Akeem Olanrewaju Ajani

    Department of Business Administration, Lagos State University of Science
    and Technology, Ikorodu, Lagos State. Nigeria. 

     

  • Thaddeus Ojo Olufayo

    Department of Marketing, University of Lagos, Akoka, Lagos –Nigeria.

     

  • A. Salau Abdulazeez

    Department of Business Administration & Entrepreneurship.
    Kwara State University, Malete, Ilorin, Kwara State, Nigeria



  • Asimiyu Aderogba Ademola

    Department of General Studies, Lagos State University of Science and Technology,
    Ikorodu, Lagos State. Nigeria.


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Published

2024-12-23

How to Cite

ENTREPRENEURIAL ORIENTATION CHANGE PRACTICES AND PERFORMANCE OF SELECTED REGISTERED SMES IN LAGOS STATE, NIGERIA . (2024). Journal of the Management Sciences, 61(6), 126-141. https://journals.unizik.edu.ng/jfms/article/view/4263

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