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EMPIRICAL EVIDENCE ON THE RELATIONSHIP BETWEEN BUSINESS COMPETENCIES AND ENTREPRENEURIAL PERFORMANCE IN NIGERIA

Genty, Kabiru Ishola and Awe, Kayode Obafemi and Aremo, M. O. (2017) EMPIRICAL EVIDENCE ON THE RELATIONSHIP BETWEEN BUSINESS COMPETENCIES AND ENTREPRENEURIAL PERFORMANCE IN NIGERIA. LASU Journal of Business Review(LASUJBR), 4 (1). pp. 1-15.

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Abstract

Abstract' This study examines the relationship between business competencies and entrepreneurial performance among the micro, small and medium enterprises (MSMEs) owners in Lagos State, Nigeria. Thus, to achieve the research objectives this study employed cross-sectional research. design with the adoption of survey method. The collected data were analysed using Structural Equation Modelling (SEM) to show the degree of correlation between the multiple variables under study. The structural path reveals statistical insignificant of human resource competency on entrepreneurial performance at (p=.049, .CR = . 741, p = .459). The financial competency on entrepreneurial performance is insignificant (p = -.023, CR · = -.356. p = . 722) while operational competency did not contributed significantly to entrepreneurial performance (p = .008, CR = .122, p = .903). However, the structural model further indicated that marketing competencies has contributed significantly to entrepreneurial performance (p = .148, CR = 2.181, p = .029). The researcher concludes that there is a partial significant relationship between business competencies and entrepreneurial performance. The study recommended that the individual-organisation characteristics such as knowledge, skills, and abilities are required to perform a specific job perfectly at the organisational level (e.g. human resource competency, marketing competency, financial management competency, and operational management competency). Therefore, the entrepreneurial training agencies ·can take a clue from this study finding when designing entrepreneurial training curriculum with effective state-of-the-art facilities by taking into consideration functional business competencies.

Item Type: Article
Uncontrolled Keywords: Keywords: Business Competencies, Entrepreneurial Performance, MSMEs, Nigeria, Structural Equation Modelling
Subjects: H Social Sciences > HF Commerce
Divisions: Faculty of Law, Arts and Social Sciences > School of Management
Depositing User: Mrs Patricia Nwokealisi
Date Deposited: 17 Apr 2018 12:57
Last Modified: 17 Apr 2018 12:57
URI: http://eprints.covenantuniversity.edu.ng/id/eprint/10609

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