Abstract
Entrepreneurship has emerged as promising new solutions to solve societal problems. This study seeks is to analyses how entrepreneurial orientation i.e. proactiveness, competitive aggressiveness autonomy, innovation, and risk-taking influence firms’ performance in Abuja. To fulfil this purpose, survey research design and a theoretical framework were developed depicting the different entrepreneurial orientations and firm performance in its context. Sampling technique of simple random was adopted in which only one hundred and ten (110) SMEs in Abuja responded to the survey questionnaire and a total of ninety-seven (97) valid responses were judged to be appropriate. The descriptive statistics and as well as inferential statistical tool was used to analyses the data. It was revealed that proactiveness, risk-taking and autonomy are positive and significantly related to business performance while, competitiveness was positive but insignificant. It is recommended that similar studies should be replicated to validate this result. Keywords: Entrepreneurial orientation; Firms Performance; Technology-based SMEs JEL Classifications: L25, L26 DOI: https://doi.org/10.32479/ijefi.9126
Highlights
According to the world employment and social outlook, the world in general and Africa in particular is currently confronted with a job crisis (Kühn, 2019; Oshita and Ikelegbe, 2019)
The generalized regression analysis was used to explain the impact of entrepreneurial orientation (EO) on firm performance
The result is expected to reveal the relationship between EO and firm performance
Summary
According to the world employment and social outlook, the world in general and Africa in particular is currently confronted with a job crisis (Kühn, 2019; Oshita and Ikelegbe, 2019). This rising unemployment rate is projected hit 33.5% by 2020 (National Bureau of Statistics report 2019) It is a worrisome development with Nigeria’s ranking as the global poverty capital which has resulted in the related increased prevalence rate of crimes and criminality, not limited to mass murders, insurgency, militancy, armed robbery, kidnappings and drug abuse, among others (World Poverty Clock, 2018). The aggravation in these consequences is better imagined if the trend is not urgently reversed (Ojima, 2019; Ozoigbo, 2019; Okolie-Osemene, 2019). The African Economic Outlook had estimated that 20 million new jobs are required to be created in the continent annually up to 2030 in order to absorb new entrants into the workforce
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