Browsing by Author "Olatunji Alaba HASSAN"

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    Entrepreneurial Orientation, Technological Capabilities, and SMEs Performance in Oyo State, Nigeria
    (Lead City University, Ibadan, 2024-12) Olatunji Alaba HASSAN
    This study explores the impact of entrepreneurial orientation and technological capabilities on the performance of small and medium-sized enterprises (SMEs) in Oyo State, Nigeria. Using a descriptive survey research design, the study aims to address the gap in understanding how these factors interact to influence SME performance in a developing economy context. The theoretical framework integrates the resource-based view (RBV) and dynamic capabilities theory, shedding light on how organizations leverage internal resources and capabilities to gain competitive advantages. The population for this study comprises 31,739 SMEs in Oyo State, representing 4.7% of Nigeria's total SMEs, based on SMEDAN (2021). A sample size of 1,290 SMEs was determined using the Krejcie and Morgan table, and stratified random sampling was applied across the senatorial districts of Oyo Central, Oyo North, and Oyo South to ensure proportional representation. Data was collected using a well-structured questionnaire, validated through a pilot study of 129 SMEsin Ogun State, with a Cronbach's Alpha coefficient of 0.823, indicating good reliability. The findings reveal significant relationships between entrepreneurial orientation, technological capabilities, and SME performance. In Model 1, an inverse relationship was observed between Innovativeness and SME performance, with a coefficient of-0.998 and high statistical significance (p = 0.000). Model 2 demonstrated a strong positive correlation between Proactiveness and SME performance (R = 0.982, R² = 0.964), with Proactiveness significantly enhancing model accuracy (R² Change = 0.889, F Change = 31,788.330, p = 0.000). Coefficients indicated that Proactiveness has a major positive effect on performance (B = 5.899, Beta = 0.960, t = 178.293, p = 0.000). Model 3 indicated a strong overall fit (R = 0.988, R² = 0.976), with Risk-taking negatively impacting performance (B =-0.348, p = 0.000), while Innovativeness and Proactiveness had positive effects. In Model 4, the inclusion of IT Infrastructure further strengthened the model (R = 0.988, R² = 0.976), with IT Infrastructure showing a minor but statistically significant positive effect (F Change = 21.044, p = 0.000). The final model, Model 5, explained 98.4% of the variability in SME performance, with Technology Adoption contributing an additional 0.8% (F = 15,780.849, p =0.000), highlighting its strong positive effect on performance (B = 2.476, p = 0.000). The study concludes that SMEs with higher levels of innovation, proactiveness, and technological investment tend to outperform their competitors. The findings suggest that SME owners in Oyo State should prioritize the development of entrepreneurial orientation and technological capabilities to enhance their performance and competitiveness in the dynamic business environment. This research provides valuable insights into the factors that drive SME success in a developing economy context, offering practical recommendations for policy and practice. Keywords: Entrepreneurial Orientation, SMEs Performance, and Technological Capabilities Word Count: 438