Entrepreneurial Competencies and Firm Performance of SMEs in Abuja Municipal FCT (Published)
The economic growth of many nations, especially developing ones, has often hinged on empowering small businesses. One thing that most investors put in mind is the issue of SMEs performance. This study therefore examines the effect of entrepreneurial competencies (innovativeness, creativity and risk taking) on performance of SMEs in Abuja Municipal. The study employed survey research design with a population of 2066 and a sample 327. Data was collected from 290 respondents through primary data with the help of designed questionnaires. The data collected were analysis using the SPSS V 22 to test for correlation analysis; regression analysis was well as other diagnostic test. The study found that creativity and risk taking has significant effect on performance of SMEs in Abuja Municipal. But innovativeness has negative and significant effect of performance. The study concluded that entrepreneurial competencies (innovativeness, creativity and risk taking) have effect on performance of SMEs in Abuja municipal. The study then recommends that stock holders should ensure they put more effort on creativity and risk taking as it has impact on performance and also SMEs should look forward on other avenue of being innovative as well as inventing on new opportunities in area of business.
Keywords: Creativity, Innovativeness, risk-taking, sales growth
Corporate Entrepreneurship Levels in the Midst of Rwandan Enterprises (Published)
Rwanda has for all intents and purposes a mixed economy. The Rwandan government envisions creating a middle-income, knowledge-based society with middle class of entrepreneurs as the moral fiber of development progression. Various scholars have argued that for enterprises to be competitive, they need to undergo corporate entrepreneurship. Whereas others have defined corporate entrepreneurship as a term used to describe entrepreneurial behaviour inside established mid-size and large organisation. For corporations to improve: Entrepreneurial intensity is required. Entrepreneurial intensity (EI) is considered to be of supreme substance for success of corporate enterprises. To help researchers and lecturers blend the growing body of knowledge, this paper investigates the EI principles of innovativeness, proactiveness, risk-taking, entrepreneurial management style and perceptions to whether have an impact on corporate entrepreneurship (CE) among enterprises in Rwanda. A mixed method approach using qualitative and quantitative approach was employed for testing the hypotheses. In-depth interviews with 156 top executives of well known enterprises in Rwanda were conducted. The interview findings indicated that CE was found to be lacking in diverse enterprises consequently several businesses have struggled to keep up profitability. Thus, the paper seeks to address this gap. Furthermore, the paper provides directions and suggestive thoughts for future research
Keywords: Corporate entrepreneurship, Innovativeness, Rwanda, entrepreneurial intensity, entrepreneurial management style, model for entrepreneurial development, proactiveness, risk-taking