Effects of Entrepreneurial Process on Performance of Small and Medium Enterprises (SMEs) in Nasarawa State, Nigeria.

Abstract:

This study examined the effect of entrepreneurial processes proxied by opportunity recognition and resource mobilization on SME performance in Nasarawa State. A survey research design was adopted, and data were collected through a structured questionnaire designed on a five-point Likert scale. The collected data was analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM. The study findings revealed that both opportunity recognition (Beta = 0.224, p < 0.05) and resource mobilization (Beta = 0.598, p < 0.001) significantly influence SME performance, with resource mobilization exerting a stronger effect. The results suggest that SMEs that effectively identify market opportunities and mobilize resources are more likely to improve their growth and sustainability in a volatile environment. Based on these findings, the study recommends that SMEs invest in capacity-building to enhance their opportunity sensing and resource management capabilities and that policymakers provide support through training programs, access to finance, and networking platforms, to foster innovation and resource efficiency among SMEs for sustainable development.