Open AccessRole of entrepreneurial capabilities in small and medium enterprises’ competitiveness in Lagos State
Author(s) -
Olufemi Ogunkoya,
Oladele Ifedayo Agbaje
Publication year - 2021
Publication title -
international journal of new trends in social sciences
Language(s) - English
Resource type - Journals
ISSN - 2547-8842
DOI - 10.18844/ijntss.v5i2.5753
Subject(s) - proactivity , entrepreneurial orientation , business , small and medium sized enterprises , entrepreneurship , marketing , sample (material) , industrial organization , survey research , competitive advantage , population , knowledge management , business administration , computer science , economics , management , chemistry , finance , chromatography , demography , sociology
Small and medium-sized businesses (SMEs) are the foundation of any economic activity. As issues arise in the environment, there is a need to incorporate or optimize several other new capabilities to explain small and medium enterprises' competitiveness. The study aims to investigate entrepreneurial capabilities and SMEs' competitiveness in Lagos state. It employs a survey research design. Cross-sectional data from the primary source were collected through the means of a validated and reliable questionnaire. A sample of 400 respondents was purposefully drawn from the population. The data were analyzed using ordinary least square statistics. The results show that entrepreneurial networking is the most significant driver of SMEs' competitiveness, followed by entrepreneurial networking and then by proactiveness. The study concludes that entrepreneurial capabilities are critical to SMEs' competitive advantage. It recommends that entrepreneurs should develop their capabilities to be able to achieve competitiveness. Keywords: Entrepreneurial Capabilities; Proactiveness; Marketing Orientation; Networking, SMEs.