scholarly journals On Whether Entrepreneurial Self Efficacy Is A Predictor Of Entrepreneurial Success

2020 ◽  
Vol 8 (7) ◽  
pp. 158-170
Author(s):  
Oyedele M. Oyeku ◽  
Oduyoye Oluseyi ◽  
Funmilayo Ajoke Karimu ◽  
F. Akinfolarin Akindoju ◽  
Falilu Oladeji Agbetokun ◽  
...  
Keyword(s):  
Pilot Study ◽  
Self Efficacy ◽  
Small And Medium Enterprises ◽  
National Association ◽  
Predictor Variables ◽  
Small Scale ◽  
P Value ◽  
Entrepreneurial Success ◽  
Lagos State ◽  
Medium Enterprises

The objective of this study is to examine the effect of entrepreneurial self efficacy on entrepreneurial success. 9,450 small and medium enterprises (SMEs) who are registered members of the National Association of Small and Medium Enterprises (NASME), National Association of Small Scale Industrialists (NASSI) and Association of Small Business Owners in Nigeria (ASBON) in Lagos State is the sample population. Probability sampling technique, specifically, proportionate stratified random sampling method was used to select samples from the sampling frame. The formula developed by the National Education Association (1960) was used to determine the sample size of 381 was used for this study. Primary data on the dependent variable (Entrepreneurial success) and independent variable (Entrepreneurial orientation) was collected using questionnaire as research instrument. Entrepreneurial self efficacy measures are optimism and overconfidence while measures for entrepreneurial success are profitability, market share, net asset growth, sales growth and government policies. The questionnaire was pretested by a pilot study of 50 selected SMEs. Data obtained from the pilot study was analyzed and based on the result, the questionnaire was slightly modified giving an overall Cronbach’s Alpha value of 0.853. The statistics of the model summary of the correlation co-efficient reveal that: R = .232 showing that the combined influence of the two predictor variables had a moderate positive relationship with entrepreneurial success. The coefficient of determination R square is .054 or 5.4%. This suggests that the combined influence of the predictor variables (optimism and overconfidence) explains 5.4% of the variations in entrepreneurial success of SMEs. The value of F (2,207) = 5.866, p <.05, shows that the combined effect of optimism and overconfidence was statistically significant in explaining changes in entrepreneurial success of SMEs in Lagos State. This is established by a p value of 0.003 which is less than the acceptance critical value of 0.05. The findings of the study reveal that entrepreneurs’ optimism had the highest influence on entrepreneurial success because the p value was 0.040 and then entrepreneurs’ overconfidence with 0.201. These findings may be of help to the owner/managers of SMEs to be more entrepreneurial optimistic in order for them to survive the intensely competitive market environment.

Will Entrepreneurial Orientation Contribute to Entrepreneurial Success?

2020 ◽  
Vol 7 (7) ◽  
pp. 420-434
Author(s):  
Oyedele M. Oyeku ◽  
Oduyoye Oluseyi ◽  
F. A. Karimu ◽  
F. A. Akindoju ◽  
M. O. Togunde ◽  
...  
Keyword(s):  
Pilot Study ◽  
Sample Size ◽  
Risk Taking ◽  
Entrepreneurial Orientation ◽  
Small And Medium Enterprises ◽  
National Association ◽  
P Value ◽  
Entrepreneurial Success ◽  
Lagos State ◽  
Medium Enterprises

The purpose of this study is to examine the effect of entrepreneurial orientation on entrepreneurial success. The study population is the 9,450 small and medium enterprises (SMEs) who are registered members of the National Association of Small and Medium Enterprises (NASME), National Association of Small Scale Industrialists (NASSI) and Association of Small Business Owners in Nigeria (ASBON) in Lagos State. The study employs probability sampling technique and specifically, proportionate stratified random sampling method to select it samples from the sampling frame. Sample size of 381 determined using the formula developed by the National Education Association (1960) for sample size determination was used for this study. The study employed questionnaire as research instrument to collect primary data on the dependent variable (Entrepreneurial success) and independent variable (Entrepreneurial orientation). Entrepreneurial orientation measures are: Innovativeness, Proactiveness and Risk taking while measures for entrepreneurial success are: profitability, market share, net asset growth, sales growth and government policies. The questionnaire was pretested by a pilot study of 50 selected SMEs. Data from the pilot study was analyzed and based on the result, the questionnaire was slightly modified giving an overall Cronbach’s Alpha value of 0.853. The value of F (3,206) = 21.848, p <.05, shows that the combined effect of innovativeness, risk taking and pro-activeness was statistically significant in explaining changes in entrepreneurial success in Lagos State. The findings of the study also reveal that entrepreneurial pro-activeness had the highest influence on SMEs entrepreneurial success because the p value was 0.000 followed by risk taking with 0.007, and lastly innovativeness with a p value of 0.942. This finding may be of help to the owner/managers of SMEs to be more entrepreneurial oriented and developed competitive edge in order for them to survive the intensely competitive market environment.

scholarly journals The Impact of Succession Management on Small and Medium Enterprises’ Sustainability in Lagos State, Nigeria

2021 ◽  
Vol 13 (23) ◽  
pp. 13489
Author(s):  
Francis Ezieshi Monyei ◽  
Wilfred I. Ukpere ◽  
Emmanuel Kalu Agbaeze ◽  
Solomon Omonona ◽  
Lovlyn Ekeowa Kelvin-Iloafu ◽  
...  
Keyword(s):  
Small And Medium Enterprises ◽  
Labour Force ◽  
Corporate Sustainability ◽  
P Value ◽  
Succession Management ◽  
High Performing ◽  
Lagos State ◽  
Medium Enterprises ◽  
Descriptive Survey ◽  
The Impact

This study investigated the impact of succession management on small and medium enterprises’ (SMEs’) sustainability in Lagos, Nigeria. The study adopted a descriptive survey research method and its participants were selected from five SMEs across Lagos State, based on their number of years of operating, staff strength, and branch locations. The enterprises included Gnakk Enterprises, Dreamville School, Vitus Cosmetics, Osi Ventures, and Chijioke Frozen Foods. The Pearson product moment correlation coefficient was used to analyze the hypotheses, which revealed that succession management had a positive correlation (r = 0.934, p-value < 0.05) with corporate sustainability amongst SMEs in Lagos State, Nigeria. Hence, the study concluded that in respect of strategic recruitment, succession management attracts and assists to retain a high performing skilled labour force.

A Study on the Analytics Tool Used in Decision Making at Small and Medium Enterprise

2015 ◽  
Vol 3 (1) ◽  
Author(s):  
Vivek N. Bhatt
Keyword(s):  
Decision Making ◽  
Business Intelligence ◽  
Small And Medium Enterprises ◽  
Small Scale ◽  
Know How ◽  
Decision Making Styles ◽  
Routine Basis ◽  
Medium Enterprise ◽  
Decision Making Processes ◽  
Medium Enterprises

The article focuses on the study of prevailing decision making styles of Small Scale Industrial (SSI) Units. It presents data collected from 200 SSI units from Bhavnagar – a coastal city of Gujarat, India. The objective of writing the article is to depict heuristic decision patterns of small and medium enterprises, and the rare use of analytical or statistical business intelligence tools in decision making processes. It would be interesting to study the design of decision taken on routine basis in small units, poorly equipped with technology and technical know-how. The paper is descriptive in terms, and lays a lucid picture of present decision making processes.

Technical efficiency and its determinants in the Indian textile garments industry

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Abdulla ◽  
Shiv Kumar
Keyword(s):  
Panel Data ◽  
Technical Efficiency ◽  
Textile Industry ◽  
Small And Medium Enterprises ◽  
Stochastic Frontier ◽  
Efficiency Score ◽  
Value Chains ◽  
Small Scale ◽  
Content Type ◽  
Medium Enterprises

Purpose This paper aims to examine technical efficiency and its determinants in Indian textile garments industry in post-agreement on textiles and clothing regime and evaluate the technical efficiency among micro, small and medium enterprises (MSMEs) firms. Design/methodology/approach This study uses unbalanced panel data for the period 2005–2010 to 2015–2016. The stochastic frontier function is used to estimate technical efficiency and its determinants. Findings The results show that the overall ecosystem of textile garments’ value chains could be improved to enhance the technical efficiency thereof. The result also reveals that small-scale firms have the highest technical efficiency scores, and medium-scale firms have the least technical efficiency score among all the categories of MSMEs. Research limitations/implications The textile garments industry needs to define its innovation strategies, as these strategies lead to different results that can be achieved only through the management of resources dedicated to the generation and implementation of innovations. Practical implications This study has shown that to offset India’s cost disadvantage in the international markets, there is a need to develop an ecosystem of textile manufacturing and value chains, eliminate the inverted duty structure (where inputs are taxed at a higher rate than the final product) and switch over from shuttle looms toward shuttle-less looms. This would unleash the potential of textile and garments industry and make it globally competitive and technically efficient. Further, there will be an alignment with the ease of doing business with an appropriate mix of policy, technology, institution, infrastructure, information and services. Originality/value Using frontier production function takes stochastic context into account for the dynamic character of technical efficiency and its components. Most of the past studies have assessed technical efficiency at the aggregate level using three-digit National Industrial Classification (NIC) or four-digit NIC code. An analysis at higher levels of aggregation masks the variation in technical efficiency. This study used five-digit NIC data to measure the firm-specific technical efficiency of the textile industry. According to the authors’ knowledge, this study is the first of its kind in the Indian textile industry using stochastic frontier approach and panel data. Further, it also looks at the contribution of different determinants in technical efficiency to the firms.

ON PROPOSAL TO REGULATE ABUSE OF SUPERIOR BARGAINING POSITION: LESSONS FROM OTHER JURISDICTIONS

2020 ◽  
Vol 50 (1) ◽  
pp. 145
Author(s):  
Meirani Suyawan ◽  
Kurnia Togar Pandapotan Tanjung
Keyword(s):  
Small And Medium Enterprises ◽  
Competition Law ◽  
Small Scale ◽  
Competition Authority ◽  
Economic Activities ◽  
Relevant Market ◽  
Bargaining Position ◽  
Partnership Agreement ◽  
Draft Bill ◽  
Medium Enterprises

The latest version of the draft bill regarding Law on the Prohibition of Monopolistic Practices and Unfair Business Competition has added new arrangements about the abuse of a superior bargaining position. The new law proposal which is intended to amend existing Indonesian competition law (Law Number 5 Year 1999) stipulates that any business actor is prohibited from abuse its superior bargaining position within a partnership agreement with other less dominant entities. Under Law Number 20 Year 2008 on Micro, Small and Medium Enterprises, a partnership agreement means any agreement made between micro, small and medium enterprises and large enterprises like state or privately owned national businesses, joint ventures and foreign businesses that conduct economic activities in Indonesia. For example under the Indonesian Minister of State-Owned Enterprises (SoE) Regulation No. 7 of 2015, the SoE is obligated to arrange a business partnership agreement with small scale enterprise. Unlike the arrangements on abuse of dominant position which requires the establishment of monopoly power or dominance in a relevant market, the abuse of superior bargaining position may exist without market power and only required competition authority to detect whether there is any exploitation by the counterparty in a relatively stronger bargaining position. Such a condition makes many antitrust experts or economists question the relevancy of regulating abuse of superior bargaining position under competition law. However, several jurisdictions –Japan, Korea, Taiwan, France, and Germany- have regulated the abuse of superior bargaining position under their national competition laws

Electronic Commerce Policies for Dutch SMEs

2005 ◽  
pp. 1006-1011
Author(s):  
Maria-Eugenia Iacob ◽  
Piet Boekhoudt ◽  
Freek Ebeling
Keyword(s):  
The Netherlands ◽  
Private Sector ◽  
Electronic Commerce ◽  
Labor Force ◽  
Small And Medium Enterprises ◽  
National Income ◽  
Small Scale ◽  
Private Enterprises ◽  
Wealth Creation ◽  
Medium Enterprises

Dutch small and medium enterprises (SMEs) are one of The Netherlands’ most important sources of wealth creation and employment. No less than 99% of private enterprises consist of medium and small-scale businesses. They provide employment for 2.3 million people (60% of the Dutch labor force) and account for 52% of the national income generated in the private sector (www.mkb.nl/mkbnederland/english.shtml).

Fostering Environmental Performance Management within Indian SMEs

2016 ◽  
Vol 7 (2) ◽  
pp. 1-13
Author(s):  
Gurudas Nulkar
Keyword(s):  
Performance Management ◽  
Environmental Impacts ◽  
Environmental Sustainability ◽  
Product Life Cycle ◽  
Small Firms ◽  
Small And Medium Enterprises ◽  
Small Scale ◽  
Industrial Markets ◽  
Medium Enterprises ◽  
Depth Interviews

Research and discussions on environmental sustainability of businesses generally focus on large corporations. Their environmental impacts are more likely to be noticed while small and medium enterprises (SME) are largely ignored. With a small scale of operations, SMEs are generally perceived to have less environmental impacts. However, as larger corporations outsource their manufacturing to SMEs the environmental burden shifts within their supply chain. This research was conducted within manufacturing SMEs in industrial markets (B2B) in Pune, India. In depth interviews with large and small firms helped develop the conceptual model and the questionnaire. Responses from 60 SMEs were analysed. The research identified factors like owner awareness, barriers and influencers to green practices and categorized environmental practices within product life cycle. The results showed that owners with high awareness levels had advanced environmental activities. The strength of barriers and influencers was established and the author makes recommendations based on these findings.

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