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Author(s):
Editor in Chief.
Page No :
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International Journal of Entrepreneurship and Business Innovation, Volume 7 Issue 3, Cover Page
Abstract
International Journal of Entrepreneurship and Business Innovation, Volume 7 Issue 3, Cover Page
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Author(s):
Zekeri Abu (Ph.D.), Abdulazeez Alhaji Salau (Ph.D.), Ademola Akinromade, Ibrahim Waheed (Ph.D.).
Page No : 1-12
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Government Tariff Intervention and Exportation Activities of SMEs in South West Nigeria.
Abstract
The advancement of Small and Medium Enterprises (SMEs) plays a crucial role in the industrialization of developing nations. Yet, the success and longevity of these SMEs heavily rely on a strong trade policy and an effective tariff system. Unfortunately, the trade policy of the Nigerian Government, particularly concerning SMEs, has not yet supported substantial growth and development due to inadequate tariffs and a lack of openness in import and export duties. This situation has resulted in low output and productivity for SMEs. This research focused on exploring how government tariff interventions impact the export activities of SMEs in Nigeria's South-west geopolitical zone. The study used a cross-sectional research design and targeted the 20,801 registered SMEs in the manufacturing sector of the South-west region. A sample of 393 respondents was selected using the Guilford and Fruchter (1973) formula, employing a multi-stage sampling technique. Primary data was collected through a survey questionnaire, utilizing a 5-point Likert scale adapted from Saragih (2011) to measure responses. Descriptive statistics were used for the analysis, supplemented by inferential analysis using R-Studio version 11. The findings indicated that reducing tariffs from 10 percent to zero percent resulted in an increase in the participation of medium-sized firms (those with 100-249 employees) from 11.5 percent to 14.2 percent, but this change did not significantly affect smaller firms. The study concluded that government tariff interventions promote the export activities of SMEs and facilitate their entry into the export market. As a recommendation, the study suggested that the government should lower custom tariffs for SMEs to enable them to achieve larger-scale production and thrive in the global market.
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Author(s):
Samuel Ngozichikanma Nwosu, Uduimoh Anthony Akwawa.
Page No : 13-28
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CSR Performance of Listed Firms: Booster to Nigerian Economy (2012-2021).
Abstract
The paper examines the relationship between corporate social responsibility, and financial performance of listed companies in Nigeria. The study used correlational research designs within positive accounting theory. The study utilized secondary data collected from the annual report and accounts of twenty three (23) sampled listed companies for a period of 10 years (2012-2021). The sample of the companies was arrived at using census sampling technique in which all the elements of the population were used for the study. The data were analyzed using regression analysis (GLS Fixed Efffect) with the aid of State Version 14.0. The study concludes that involvement in CSR is also one way of meeting the requirement for a good citizenship where a company is expected to be socially responsible to the environment in which it operates. The study therefore, recommends among others that regulatory authority such as SEC and NSE should improve on their monitoring and supervisory functions to make listed companies in Nigeria to comply strictly with the code of CSR.
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Author(s):
Favour Onojieruo.
Page No : 29-42
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Evaluating The Palm Oil Industry in Nigeria.
Abstract
Prior to the oil boom, Agriculture accounted for over 60% of Nigeria’s GDP. However, the oil boom of the 1970s brought about declining interest in agriculture by the Nigeria Government. This impact is particularly noticeable in the Palm oil subsector where Nigeria which was largest producer of palm oil in the world in the 1960s, accounting for 43%, today accounts for just 2% of Global output and has become a major importer of palm oil. In recent years, Nigeria Government has sought to wean itself of it’s over reliance on Oil, by encouraging diversification of the economy. This article aims to draw the reader’s attention to the great prospects available in the agricultural sector, particularly in Palm oil production. This article explores the Isenberg model and opportunities for success, Barriers of entrepreneurship in Nigeria, Entrepreneurial characteristics, and local Entrepreneurial role model.
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Author(s):
Ernest Jebolise Chukwuka.
Page No : 43-59
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The Nexus Between Cultural Factors and Entrepreneurial Performance of Small and Medium Scale Enterprises in Nigeria.
Abstract
This research paper presents an empirical investigation into the nexus between cultural factors and entrepreneurial performance of small and Medium Scale Businesses in Nigeria. Africa is a continent dominated by Culture and culture affect daily sales and it also affect demands and supply as well as patronage of any business. This paper is aimed at investigating the effect of cultural factors on entrepreneurial performance as well as ascertaining the nature of relationship between cultural factors and entrepreneurial performance. This research adopted a descriptive survey method. This research used a quantitative approach to data gathering of 200 SME employees through a Likert scaled questionnaire for data analysis. The study concludes through its findings that social network capital cultural factor, Risk-taking behavior and Work ethic and perseverance have a significant, positive and direct effect on entrepreneurial performance of SME’s in Delta state. The study also revealed that other cultural factors like, Attitudes toward Failure and religious believes have a significant and direct effect on entrepreneurial performance of SME’s in Delta state. The research paper empirically showed that there is a great and significant relationship between cultural factors and entrepreneurial performance of SME’s in Delta state. The study has proven that people’s culture does affect entrepreneurial performance. Therefore this study recommends that before setting up businesses in any location, a smart entrepreneur should first observe the culture of the people living in that geographically location of the proposed business to ascertain the kind of business that will be most appropriate for the Culture of the people there.
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Author(s):
Musa M. Tsagem, Ikwuakam O. T..
Page No : 60-75
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Assessing Rural Women Entrepreneurial Traits in Rural Household-Based Enterprises in Katsina State, Nigeria.
Abstract
The study was designed to assess rural women entrepreneurial traits/skills possessions in household-based enterprises in Katsina state, Nigeria. Descriptive survey design was adopted and 216 rural entrepreneurs were sampled from the population of registered rural women entrepreneurs in the state using multistage sampling technique. Data were collected on the socioeconomic characteristics, involvement in rural household-based enterprises, benefits derived and traits/skills possessed using structured interview guide. Frequency counts, percentages, means, ANOVA and multiple regression analysis were employed in data analysis. The study revealed that majority were young, married, low income earners, Muslims, had Quranic education, and appreciable years of experience. Levels of involvement, benefits derived, and traits/skills possessions were high. On the other hand, scale of access to intervention was low. Whereas, entrepreneurs’ levels of traits/skills possessions differ significantly among senatorial districts; age, marital status, years of experience, educational attainment, benefit derived and monthly income did not significantly determine the scale of household-based enterprise traits/skills possession by rural women entrepreneurs. It is concluded that high level of benefit derived existed regardless respondents’ low levels of intervention access and relevant operational traits/skills. Government should provide complimentary assistance by institutionalizing policy framework that will targets rural women entrepreneurial capacity building programmes on business management and sustainability.
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Author(s):
Bilal Zaghmout.
Page No : 76-91
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Strategic Decision-Making in Startups: The Role of Data-Driven Insights in Enhancing Business Innovation.
Abstract
This study examines the impact of data-driven decision-making on innovation within startups. By utilizing a mixed-methods research design, the study integrates quantitative data from surveys and innovation performance metrics with qualitative insights from interviews and focus groups. The findings reveal that startups employing data-driven strategies demonstrate higher innovation outcomes, including the development of new products and revenue growth. The research highlights the importance of data literacy and a data-centric culture as key factors in maximizing the benefits of data-driven decision-making. Additionally, leadership commitment is identified as crucial for successful adoption and implementation of data-driven strategies. The study underscores the potential of data-driven decision-making to foster innovation within startups and provides recommendations for enhancing data-driven practices.
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Author(s):
Gilbert Ogechukwu Nworie, Christopher Chinedu Onochie.
Page No : 92-109
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Fuelling Entrepreneurial Productivity in Nigeria: The Contribution of Bank Loans.
Abstract
The study examined the effect of bank loans on entrepreneurial productivity in Nigeria. Based on an ex-post facto research strategy, secondary data were gleaned from the bulletins of Central Bank of Nigeria and National Bureau of Statistics, covering the period from 2008 to 2022. Descriptive statistics was applied to summarize the key variables under study. In addition to the descriptive analysis conducted, Jarque-Bera test of normality, Breusch-Godfrey Serial Correlation LM Test, Harvey test of heteroskedasticity and Ramsey RESET test for linearity were conducted to assess the validity of the ordinary least square (OLS) regression used in hypotheses testing. The finding from the validated OLS estimates revealed that entrepreneurial productivity in Nigeria is significantly fueled by bank loans to small and medium scale enterprises (β = N115.16; p-value = 0.006672). In conclusion, banks play a pivotal role in enhancing the productivity of entrepreneurial ventures by facilitating easier access to credit. Therefore, we recommend that the government should implement policies that reduce barriers to credit for SMEs, such as lowering interest rates on loans and providing loan guarantees. This will help more entrepreneurs access the financing required to enhance their productivity.
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Author(s):
Banabo Ekankumo (Ph.D.), Otobo Perearau, Wariowei Ebiere Rosemary (Ph.D.).
Page No : 110-122
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Entrepreneurial Marketing and Business Sustainability in Bayelsa State.
Abstract
This study investigated entrepreneurial marketing and business sustainability in Bayelsa State. The study formulated three specific objectives, three research questions and three hypotheses. The study adopted a descriptive survey design. The population of this study consists of 900 entrepreneurs and employees of the fifteen selected small scale businesses under investigation in Yenagoa Bayelsa State. Taro Yamane formula was used to arrived at the sample size of 200. A purposive sampling method was adopted. Structural questionnaire consisting of 15 item questions on a 4 point rating scale titled “Entrepreneurial Marketing and Business Sustainability Questionnaire (EMBSQ) was used for data collection. The research instrument was validated by three experts in the Department of Business Education of Ignatius Ajuru University of Education Port Harcourt for face validation. The reliability of the instrument was ascertained using Cronbach Alpha Reliability method. After the analysis, a reliability coefficient index of 0.78 was obtained which deemed the instrument highly reliable. To analyze the data collected, the mean and standard deviation was used while the hypotheses was tested using the t-test at 0.05 alpha level of significance. Findings revealed that entrepreneurial proactivesness, innovativeness and calculated risk taking to high extent relate to business sustainability in Bayelsa State. Hence, entrepreneurial marketing dimensions adopted for entrepreneurial ventures are very important and indispensable for the sustainability of the business. Based on the findings of the study it was recommended that entrepreneurial proactivesness should be propagated and encouraged as it seeks novel ways in creating value for the customers. Entrepreneurs should continue to invest on innovation that yielded positive and significant influences toward the sustainability of business in Bayelsa State of Nigeria.
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Author(s):
Ifekanandu Chukwudi Christian (Ph.D.).
Page No : 123-138
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Logistics Innovation and Organizational Competitiveness of Maritime Companies in South-West Nigeria.
Abstract
This study examined logistics innovation and organizational competitiveness of maritime companies in South-West Nigeria. The study applied the positivist research philosophy and correlational research design. The population of this study comprised 51 registered maritime companies in South-West Nigeria. A sample size of 21 maritime companies were selected from using purposive sampling technique. The sampling units were made up of managers of the selected maritime companies in South-West Nigeria. Data were collected from the respondents using a structured questionnaire. The data collected were analyzed statistically while the Spearman Rank Order Correlation Coefficient (rho) was used to test the formulated hypotheses. The findings revealed that transportation innovation has a significant relationship with customer satisfaction and customer patronage of maritime companies. The study equally revealed that warehousing innovation has a significant relationship with customer satisfaction and customer patronage of maritime companies. Based on these findings, it was concluded that logistics innovation such as transportation innovation and warehousing innovation are significant predictors of organizational competitiveness in the maritime sector in South-West Nigeria. Based on the findings and conclusion, it was recommended that maritime companies in Nigeria should adopt logistics innovation strategies as it would improve their competitiveness in the dynamic and fast changing environment.
