In today’s dynamic and competitive business environment, strategic entrepreneurship has emerged as a critical approach for enhancing the performance and sustainability of Small and Medium-sized Enterprises (SMEs), particularly in developing economies. This study investigates the influence of strategic entrepreneurship adoption on SME performance, competitiveness, and growth. A cross-sectional survey research design was adopted, and data were collected from 289 SME owners, managers, and senior administrative staff across selected business sectors in Nigeria and Ghana using a structured questionnaire titled Strategic Entrepreneurship and SME Performance Questionnaire (SESPQ). Data were analyzed using descriptive statistics, Pearson Product Moment Correlation (PPMC), and simple regression analysis. Findings reveal that strategic entrepreneurship practices, including innovation, opportunity recognition, risk-taking, and strategic flexibility, significantly enhance SME performance, competitiveness, and sustainable growth. The study concludes that strategic entrepreneurship is a key driver of both immediate performance improvements and long-term sustainability for SMEs operating in developing economies. It is recommended that SME owners and managers prioritize the adoption of strategic entrepreneurship practices and invest in building strategic capabilities to strengthen growth, resilience, and competitive advantage.
DR SHAIBU, OGWUCHE GABRIEL1*, DR ECHETAMA FORSTINA C.2, AMEH OKPE3, V/REV. DR. CHIKEZIE, IHEOMA4, ISIAWUIKE, KARACHI CHIKODI5 (Tue,) studied this question.
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