Entrepreneurial Orientation and Growth Potential of Microenterprises in Northwest, Nigeria

Abstract

The purpose of this study is to explore the entrepreneurial orientation (EO) and growth potential of microenterprises. To test the research hypotheses, multiple regression and multivariate analysis of variance (MANOVA) were used. Multiple regression was used in explaining how well EO predicts microenterprises growth potential. MANOVA compares the groups and indicates whether the mean differences between the groups on the combination of dependent variables are likely to have occurred by chance. Our study contributes to the literature by exploring the growth potential of the existing microenterprises and explains its relationship to owners’ EO in both urban and rural informal sectors.

Entrepreneurial Orientation as a Determinant of Oil and Gas Service Firm Performance in Nigeria: The Moderating Role of External Environment

“…The findings of this study were consistent with the empirical findings of many past studies (Chow, 2006;Couto-Soares & Perin, 2019;Garba et al, 2019;Irungu & Moronge, 2018;Kimutai-Arap-Bor, 2018;Kosa et al, 2018;Mahmood & Hanafi, 2013;Peng, 2015;Syrja et al, 2019;Tang et al, 2007;Uchenna et al, 2019;Wambugu et al, 2016;Wiklund & Sheperd, 2003 among others) to the effect that EO measures have positive and significant effect on firm overall performance outcomes. Therefore, this study rejected the null hypotheses one and two that EO components (proactiveness, innovativeness, risk taking propensity, autonomy and competitive aggressiveness) do not significantly affect firm overall performance.…”

“…Conversely, many studies established that EO measures have positive and significant effect on firm performance components like sales output, sales growth, profitability, revenue generation (Couto-Soares & Perin, 2019; Fadda, 2018;Garba et al, 2019;Gudda, 2018;Irungu & Moronge, 2018;Kimutai-Arap-Bor, 2018;Kosa et al, 2018;Peng, 2015;Syrja et al, 2019;Wambugu et al, 2016;Wiklund & Sheperd, 2003 among others). Furthermore, the diverse empirical findings among past studies have led researchers to examine the moderating variable that may determine the relationship between EO and firm performance (Schepers et al, 2014).…”

How Dynamic Managerial Capabilities, Entrepreneurial Orientation, and Operational Capabilities Impact Microenterprises’ Global Performance

“…While there is some evidence of the relevance of EO within microenterprises' business reality to determine GP, it is limited [20] and does not address either its quantitative relationship with GP or with other capabilities. This is despite considerable literature highlighting this EO, DC, and OC connection towards SMEs [10,70,71], although commonly without the addressal of microentreprises.…”

“…This contrasts, with no substantive argument, with the expansive organizational capability research regarding small and medium enterprises (SMEs) [17]. Microenterprises have different characteristics than SMEs [18] and are of vital importance to many national business systems and economies [19][20][21][22]. Capabilities have a heightened importance for SMEs and MNEs [1]; microenterprises have firm capabilities as well [16,23], even if they cannot be conceptualized in the same manner.…”

“…Given the applicability of the capability constructs is ensured, the research of microenterprises' capability ecosystem is then of vital importance. With microenterprises as a capillary and pervasive network within many business systems [19][20][21]24], a clearer understanding of microenterprises' capabilities and their relation to each other, and, ultimately, the global performance (GP) of the firm is paramount to ensure microenterprises' sustainability and development.…”