Entrepreneurial Competencies and the Performance of Informal SMEs: The Contingent Role of Business Environment

Ibidunni, Ayodotun Stephen; Ogundana, Oyedele Martins; Okonkwo, Arinze

doi:10.1080/15228916.2021.1874784

Cited by 44 publications

(23 citation statements)

References 54 publications

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“…For the development of the evaluation model, seven enablers are identified, followed by 24 criteria and 80 attributes for retail operations in the COVID‐19 outbreak (Fisher et al, 2000 ; Ibidunni et al, 2021 ; Sreedharan et al, 2019 ). Seven enablers have measured the retail performance index: consumer analysis, retail shops, government policy, luxury brands, financial performance, supply chain, and post‐era COVID‐19.…”

Section: Methodsmentioning

confidence: 99%

Managing the retail operations in the COVID‐19 pandemic: Evidence from Morocco

et al. 2022

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Novel coronavirus disease (COVID‐19) and resulting lockdowns have contributed to major retail operational disturbances around the globe, forcing retail organizations to manage their operations effectively. The impact can be measured as a black swan event (BSE). Therefore, to understand its impact on retail operations and enhance operational performance, the study attempts to evaluate retail operations and develop a decision‐making model for disruptive events in Morocco. The study develops a three‐phase evaluation approach. The approach involves fuzzy logic ( to measure the current performance of retail operations ), graph theory ( to develop an exit strategy for retail operations based on different scenarios ), and ANN and random forest‐based prediction model with K‐cross validation ( to predict customer retention for retail operations ). This methodology is preferred to develop a unique decision‐making model for BSE. From the analysis, the current retail performance index has been computed as “Average” level and the graph‐theoretic approach highlighted the critical attributes of retail operations. Further, the study identified triggering attributes for customer retention using machine learning‐based prediction models (MLBPM) and develops a contactless payment system for customers' safety and hygiene. The framework can be used on a periodic basis to help retail managers to improve their operational performance level for disruptive events.

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Section: Methodsmentioning

confidence: 99%

Managing the retail operations in the COVID‐19 pandemic: Evidence from Morocco

et al. 2022

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“…The knowledgeable theory is the business sector itself, both large and small. On the one hand, there seems to be a general lack of management skills in small and medium-sized enterprises (Molina-Ramírez & Barba-Sánchez, 2021;Ibidunni, Ogundana & Okonkwo, 2021;Adelekan, Uchenna & Oluyemisi, 2020;Adelekan, Williamson, Atiku & Ganiyu, 2019;Jack & Anderson 1999). On the other hand, there is a need within large firms for executives geared towards establishing innovative business initiatives to facilitate information renewal (Uru et al, 2011).…”

Section: Literature Review 121 Informal Entrepreneurial Education And...mentioning

confidence: 99%

“…In some parts of the world, the free market's evolution tends to increase female entrepreneurship. A woman as an entrepreneur is economically more effective than a trifling employee because proprietorship bestows ownership on cash flows and provides her with the freedom to decide (Molina-Ramírez & Barba-Sánchez, 2021;Ibidunni, Ogundana & Okonkwo, 2021;Adelekan, Uchenna & Oluyemisi, 2020;Adelekan, Williamson, Atiku & Ganiyu, 2019;Mamun et al, 2016;Nandamuri, & Gowthami, 2014). By creating jobs, women will create value for other females in the community and have a multiplier impact on revenue generation and environmental sustainability.…”

Section: Women Business Management Skills and Networkingmentioning

confidence: 99%

Developing women's business skills and entrepreneurial sustainability through informal entrepreneurship education

Essien

Adelekan²

2021

IJ-SS

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The role of women in business and how they contribute to national development cannot be overemphasised. There is a need to understand the role of informal education in enhancing the capacity of female managers and sustaining national growth. Hence, this study aims to establish the effect of informal entrepreneurial education on businesswomen management skills and entrepreneurial sustainability. The survey research design was employed in the study. 385 small and medium enterprises owners who are women were sampled. The regression analysis was employed in the study. The findings reveal that informal entrepreneurial education is a positive and significant driver of businesswomen’s management skills and entrepreneurial sustainability. it is recommended that SMEs owners, especially women, should aggressively increase their daily lives' learning capabilities. These will increase their capacity to improve their operations and discover new ways of doing things that will better enterprises' performance in the long run. Keywords: Entrepreneurship; informal education; Skills; sustainability; women.

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“…These skills and capabilities can help them maintain their competitive advantage. these characteristics can help a company grow and become more successful (Ibidunni et al, 2021).…”

Section: Introductionmentioning

confidence: 99%

Firm Performance and the Impact of Entrepreneurial Education and Entrepreneurial Competencies

Kanaan-Jebna

Alabdullah

Ahmed

et al. 2022

BEL

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Small and medium-sized enterprises (SMEs) are considered to be the world’s largest. They play a vital role as they create jobs and improve the living conditions of their local communities as they contribute to the country’s GDP growth. Due to their contributions to the nation’s economy, they have been given much attention in entrepreneurship. This paper aims to study the impact of entrepreneurial education and entrepreneurial competencies on small and medium enterprises’ performance. Entrepreneurship is a vital component of any successful business strategy. It can be used to overcome the uncertainties of today’s business environment. The roles of these two independent factors in the business environment are also more relevant to small businesses. The goal of this paper is to develop a framework that explores the performance of firms from the perspective of their entrepreneurial education and entrepreneurial competencies. The proposed framework aims to provide a comprehensive view of the factors that influence the performance of businesses. It shows that entrepreneurial education is the antecedent of competencies that can affect firm performance, where entrepreneurial competencies is treated as a mediating variable. In addition, this study explores the role of entrepreneurial education and entrepreneurial competencies in developing financial and non-financial business performance. The framework is based on the resource-based view, a constantly applied approach to the small business context to utilize strengths and weaknesses to achieve sustainable competitive advantage. The paper provides valuable insights into the entrepreneurial factors that businesses can consider when enhancing their performance. It also helps entrepreneurs in developing their entrepreneurial education and competencies to increase their chances of achieving better results in their businesses which in return can help to reduce the number of business failures and thus, boost the country’s economy.

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Entrepreneurial Competencies and the Performance of Informal SMEs: The Contingent Role of Business Environment

Cited by 44 publications

References 54 publications

Managing the retail operations in the COVID‐19 pandemic: Evidence from Morocco

Managing the retail operations in the COVID‐19 pandemic: Evidence from Morocco

Developing women's business skills and entrepreneurial sustainability through informal entrepreneurship education

Firm Performance and the Impact of Entrepreneurial Education and Entrepreneurial Competencies

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