ENTREPRENEURIAL COMPETENCIES AND BUSINESS PERFORMANCE OF SMALL AND MEDIUM SCALE ENTERPRISES IN OBIO/AKPOR LOCAL GOVERNMENT AREA OF RIVERS STATE, NIGERIA
Abstract
The aim of this study was to examine the relationship between entrepreneurial competencies and business performance of small and medium scale enterprises in Obio/Akpor Local Government Area of Rivers State. The study adopted the quantitative research methodology and descriptive research design. The population consisted of the 512 owners and/or managers of the 256 registered SMEs in Obio/Apkor L.G.A. The sample size was three hundred and twelve (312) to whom structured questionnaires were sent for primary data collection. Three hundred and eight (308 – 98.7%) copies were retrieved. Spearman Rank Correlation Coefficient tool was adopted for the data analysis using Statistical Package for Social Sciences (SPSS version 23.0). The study found that the dimensions of entrepreneurial competencies significantly related strongly and positively with the measures of business performance. Based on the findings, the study recommended that, SMEs operators should identify key competencies such as Leadership for improved business performance.
Keywords: Entrepreneurial, Opportunity Competencies, Leadership Competencies, Employee Effectiveness/Efficiency, Return-On-Assets
CITATION: Poi, G., & Opuene, J. E. (2022). Entrepreneurial competencies and business performance of small and medium scale enterprises in Obio/Akpor local government area of Rivers State, Nigeria. The Strategic Journal of Business & Change Management, 9 (2), 1489-1506.
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DOI: http://dx.doi.org/10.61426/sjbcm.v9i2.2674
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