Understanding The Moderating Effect of Entrepreneurial Training and Development on Entrepreneurial Orientation and SMEs Performance.

• Author(s): Dr. Salau Adeyemi Nurudeen
• Paper ID: 1703398
• Page: 244-255
• Published Date: 06-05-2022
• Published In: Iconic Research And Engineering Journals
• Publisher: IRE Journals
• e-ISSN: 2456-8880
• Volume/Issue: Volume 5 Issue 10 April-2022

Abstract

Entrepreneurial orientation is a multi-dimensional behavior of an entrepreneur, who is innovative, proactive, autonomy, proactive and ready to engage in competitive aggressiveness in order to encash the opportunities available in the market. The researcher provided insight to this study by examining the moderating effect of training and development on the relationship between entrepreneurial orientation and SMEs performance. Two hundred and eighteen questionnaires were completed and returned. The principal tools for analysis of data are carried out with the help of multiple regression analysis. The study therefore concludes that, all the variables of entrepreneurial orientation (i.e. Innovativeness, proactiveness, risk taking and competitive aggressiveness) significantly influenced the performance of SMEs except autonomy which does not improve SMEs performance. The study further concludes that training and development do have significant moderating effect on the relationship between entrepreneurial orientation variables and SMEs performance. In the light of the above conclusions, the study recommended that entrepreneurs should improve their training and practices of entrepreneurial orientation in order to further enhances the introduction of new lines of products, cutting-edge technologies, expansion of market share, increase in standard of living and others.

Keywords

Entrepreneurial Orientation, Innovativeness, Proactiveness, Risk Taking, Competitive Aggressiveness, Autonomy, SME Performance and Training and Development

Citations

IRE Journals:
Dr. Salau Adeyemi Nurudeen "Understanding The Moderating Effect of Entrepreneurial Training and Development on Entrepreneurial Orientation and SMEs Performance." Iconic Research And Engineering Journals Volume 5 Issue 10 2022 Page 244-255

IEEE:
Dr. Salau Adeyemi Nurudeen "Understanding The Moderating Effect of Entrepreneurial Training and Development on Entrepreneurial Orientation and SMEs Performance." Iconic Research And Engineering Journals, 5(10)