Vision, innovation, pro-activeness, risk-taking and SMEs performance: A proposed hypothetical relationship in Nigeria

Abstract

The paper aimed to examine the relationship of vision, innovation, proactiveness and risktaking on SMEs performance in Nigeria. The methodology followed in order to achieve this objective is the review of related literature. The paper has found that SMEs are very important sector in the development of any economy and vision innovation, proactiveness and risk-taking are the vital ingredients for successful and outperformed SMEs. Part of the findings of this paper, there may a positive and significant relationship between vision, innovation, proactiveness and SMEs performance in Nigeria. The study recommends that empirical research need to be conducted to examine the extent of the relationship between vision, innovation, proactiveness and risk-taking on SMEs performance in Nigeria. Key terms: Vision, Innovation, Proactiveness, Risk-taking, SMEs performance Biographical notes: Lawan Shamsu Abubakar has hold a bachlor degree in Business Administration from Bayero University Kano, Nigeria. He is a currently a master student of University Sultan Zainul Abidin (UniSZA) and was a former Assistant General Manager SDS shopping Plaza and former staff of Keystone Bank. He is now a graduate assistant in the Northwest University, Kano and his research interests are entrepreneurial leadership and development of Small and Medium scale entreprises. Dr. Fakhrul Anwar Zainol has a Degree in Accountancy (B. Acc) and Master of Business Administration (MBA) from UniversitiTeknologi Mara (UiTM), Malaysia and completed his Doctorate in Business Administration (DBA) at the University of Newcastle, Australia. He also holds Postgraduate Diploma in Entrepreneurship (PDE) from Judge Business School, University of Cambridge, UKHis area of expertise includes entrepreneurship, business strategies, family