Effect of Corporate Entrepreneurship on Performance of Selected Small and Medium Enterprises in Abuja, Nigeria

• Published in: International journal of innovative research and development 2024-01
• Main Authors: Chima, V. U., Dr. Ukonu, O. I, Tende, S.B
• Format: Article
• Language: English
• ISSN: 2278-0211; 2278-0211
• DOI: 10.24940/ijird/2023/v12/i11/NOV23009

The study investigated how innovation and risk-taking affect performance in the selected Small and Medium Enterprises in Abuja. The research problems are lack of product innovation, poor marketing strategy, double or excessive taxation, currency depreciation, uneventful proactive company concepts and irregular inflation, among others. The study utilized an analytical and descriptive cross-sectional survey research approach to investigate the effects of corporate entrepreneurship on the performance of SMEs in Abuja. Primary sources were used to gather data with a sample size of 134. The findings depict that innovation had an appreciable effect on the level of service quality provided by the selected SMEs. Also, risk-taking had a considerable influence on the organization efficiency and profitability of the selected SMEs. Consequently, the study recommended that corporate entrepreneurs should develop diverse but appropriate strategies, innovative skills, and policies to enhance organizational performance and efficiency. The government should create a funding agency for SMEs, provide the infrastructure through a public-private partnership to build up SME operators' capacity and give tax breaks to SMEs in addition to funding SMEs. Further study should be done on the long-term impact of corporate entrepreneurship on SMEs' performance in Abuja to completely comprehend the implications of corporate entrepreneurship on the performance of SMEs in Nigeria.