Entrepreneurial Orientation and Business Performance of Manufacturing Sector Small and Medium Scale Enterprises of Punjab Pakistan

Syed Hussain Haider

doi:10.11648/j.ebm.20170302.12

Abstract

Small and Medium Enterprises (SMEs) play an important role in economic growth, innovation, and competitiveness, which ultimately enhances business performance. This study investigated the three dimensions of Entrepreneurial Orientation (EO) of manufacturing sector SMEs in Punjab, Pakistan. In this study the effects of three EO dimensions including innovativeness, pro-activeness, and risk taking have been analyzed with regard to business performance. Questionnaire was used as the main instrument of data collection. Quantitative techniques were applied for analyzing the data. Innovativeness, pro-activeness, and risk taking have a significant impact over business performance of manufacturing sector SMEs. Results further indicated there were positive correlations among innovativeness, pro-activeness and risk taking with business performance of SMEs. This study could be useful for policy makers, owners, and managers to plan their activities for getting better performance of SMEs operating in Punjab, Pakistan.

Highlights

For the progress of developing countries promotion of Small and Medium Enterprises (SMEs) is considered as very important
Considering the importance of each individual dimension of Entrepreneurial Orientation (EO), this study focused on the following objectives: (1) What is the impact of innovativeness over the performance of manufacturing sector SMEs in Punjab, Pakistan?
The study analyzed the impact of three dimensions of entrepreneurial orientation over the performance of manufacturing sector SME's in Punjab, Pakistan

Summary

Introduction

For the progress of developing countries promotion of Small and Medium Enterprises (SMEs) is considered as very important. Most of the top to bottom studies emphasizing business ought to help in upgrading SME performance without focusing on the importance of entrepreneurial orientation, mainly access to finance have been given attention by majority of the researchers [9]. It is obvious that each and every dimension of EO and EO as a construct is crucial for gaining performance from SMEs. in developing countries as mentioned earlier that the research on EO is limited and even the studies that have been conducted have focused EO as a unidimensional construct. This study is conducted to find the impact of individual dimensions of EO construct over the performance of manufacturing SMEs in Punjab, Pakistan. (2) What is the impact of pro-activeness over the performance of manufacturing sector SMEs in Punjab, Pakistan?. (4) What is the overall impact of EO over the performance of manufacturing sector SMEs in Punjab, Pakistan?

Literature Review

Research Methodology

Conclusions