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May 24, 2024Management Science Letters1 citationsOpen Access

Entrepreneurship orientation and performance of small and medium sizes enterprises in bamenda III

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PAPaul AkumbomAVAndrew Wujung Vukenkeng

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Abstract

Economic growth is mostly dependent on small and medium-sized businesses (SMEs), especially in Bamenda III and similar districts. Examining how an entrepreneurial mindset affects the success of small and medium-sized enterprises (SMEs) in Bamenda III was the primary goal of this research. The study implemented a structured questionnaire and analyzed based on both descriptive and inferential statistics. Results from the ordinary least squares revealed that proactiveness behavior exerted a positive significant effect on SMEsPerformance in Bamenda III. Similarly, risk taking had a coefficient of 0. 788, indicating a positive relationship with SMEsPerformance. Competitive aggressiveness had a positive coefficient indicating a positive association with SMEsPerformance, although it was not statistically significant at the conventional significance level. Innovativeness behavior had a positive statistically significant effect on SMEsPerformance. From a policy perspective, enhancing the entrepreneurial skills and mindset of SME owners and employees can foster a greater entrepreneurial orientation, leading to improved business performance.

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Cite This Study

Akumbom et al. (2024) studied this question.

synapsesocial.com/papers/68e6897cb6db6435876111fbhttps://doi.org/10.5267/j.msl.2024.5.004
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