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Investigating the Impact of Entrepreneurial Orientation on Small and Medium Enterprises’ (SMEs) Growth: Case Study of the Food Processing Sector in Delta State

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Investigating the Impact of Entrepreneurial Orientation on Small and Medium Enterprises’ (SMEs) Growth: Case Study of the Food Processing Sector in Delta State


Dr. Mayuku J. G | Mr. Aderha. O



Dr. Mayuku J. G | Mr. Aderha. O "Investigating the Impact of Entrepreneurial Orientation on Small and Medium Enterprises’ (SMEs) Growth: Case Study of the Food Processing Sector in Delta State" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-3, June 2024, pp.560-567, URL: https://www.ijtsrd.com/papers/ijtsrd64927.pdf

This study investigates the impact of entrepreneurial orientation (EO) on the growth of small and medium enterprises (SMEs) within the food processing sector in Delta state. The study population comprises all SMEs owners in Delta state, .A purposeful sampling approach was employed to collect data from 600 SMEs owners through a self-administered questionnaire with high internal consistency (Cronbach's alpha = 0.85). The questionnaire assessed various EO dimensions and SME growth indicators, allowing for analysis using descriptive statistics, correlation analysis, and hypothesis testing to explore the relationship between EO and growth within this sector. Data from 600 SMEs across various sub-sectors was analyzed. The findings reveal a positive association between EO and perceived growth rates. For instance, SMEs with a strong focus on innovation reported a 20.0% higher growth rate in employment compared to those with a lower EO score. Similarly, businesses demonstrating proactive behaviour perceived a 59.17% chance of seizing market opportunities compared to 40.83% for less proactive SMEs. The geospatial analysis further highlighted the importance of environmental factors. Areas boasting good infrastructure, like Delta Central with a mean EO score of 4.5, exhibited a growth rate of 9.2%, compared to 6.2% in areas with limited infrastructure. A statistically significant relationship between EO adoption and SME growth (p-value = 0.001) was confirmed through hypothesis testing. These results, with figures like a 20.0% increase in employment growth due to innovation, underscore the critical role of entrepreneurial orientation for SMEs in Delta State's food processing sector. By fostering an entrepreneurial mindset and actively developing their EO capabilities, SMEs can position themselves for sustainable growth and contribute to the overall success of the sector.

Entrepreneurial Orientation (EO), SME Growth, Food Processing Sector, Delta State, Nigeria


IJTSRD64927
Volume-8 | Issue-3, June 2024
560-567
IJTSRD | www.ijtsrd.com | E-ISSN 2456-6470
Copyright © 2019 by author(s) and International Journal of Trend in Scientific Research and Development Journal. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (CC BY 4.0) (http://creativecommons.org/licenses/by/4.0)

International Journal of Trend in Scientific Research and Development - IJTSRD having online ISSN 2456-6470. IJTSRD is a leading Open Access, Peer-Reviewed International Journal which provides rapid publication of your research articles and aims to promote the theory and practice along with knowledge sharing between researchers, developers, engineers, students, and practitioners working in and around the world in many areas like Sciences, Technology, Innovation, Engineering, Agriculture, Management and many more and it is recommended by all Universities, review articles and short communications in all subjects. IJTSRD running an International Journal who are proving quality publication of peer reviewed and refereed international journals from diverse fields that emphasizes new research, development and their applications. IJTSRD provides an online access to exchange your research work, technical notes & surveying results among professionals throughout the world in e-journals. IJTSRD is a fastest growing and dynamic professional organization. The aim of this organization is to provide access not only to world class research resources, but through its professionals aim to bring in a significant transformation in the real of open access journals and online publishing.

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