Influence of Entrepreneurial Traits on the Performance of Small and Medium Sized Enterprises (SMEs) in Lagos State, Nigeria

Abstract

Factors such as political instability, government policies, infrastructural inadequacy and entrepreneurs’ non-possession of relevant personal characteristics are connected on the high failure rate of small businesses in Nigeria. On the back of these identified problems the study focused on Influence of entrepreneurial traits on the performance of Small and Medium Sized Enterprises in Lagos State., Specifically, resilience, innovativeness, drive for achievement, and risk taking propensity were the entrepreneurship traits examined in relation to the performance of SMEs in Lagos state. Primary source of data through a questionnaire was used to achieve the stated objectives. Random sampling method was used to collate data of 125 entrepreneurs who participated in the study. Frequency tables and percentages were used for data presentation and the Regression analysis was used to test the formulated hypotheses, with the aid of statistical package for social sciences (version 21.0). The study summarised that there are significant relationships between the tested traits and the growth of SMEs in Nigeria. The study recommended that owner/ entrepreneurs should individually improve their skills in these critical traits’ areas. In addition, the government should provide institutional support in terms of training and development. Government should also create an enabling environment for business to thrive, through provision of infrastructures.

Exploring the relationship between talent management, work-life balance, and job satisfaction in state-owned banking: a mediation analysis

“…Attention to the field of talent management is shown by the interest in talent management research in various organizations including banking because it can improve employee performance. This explanation is in line with the empirical study of Okonji, et al, (2020) showing that talent management practices in organizations can encourage improved employee performance. Organizations through talent management must see talent in employees as a strategic and superior resource.…”

“…Comprehensive talent management practices can provide job satisfaction for employees, This research is in line with Gul et al, (2022) states that Talent Management in Organizations can increase Job Satisfaction. Okonji, et al, (2020) stated that talent management practices in organizations can encourage employee performance improvement. This is important to increase employee motivation and productivity.…”