Entrepreneurial innovativeness and its influence on SMEs growth and development in Nigeria.

Autor: BULUGBE, OLUWASEGUN TOSIN, BULUGBE, OLUWASEYI KAYODE, OMOERA, CHARLES I.
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Zdroj: Malaysian Journal of Qualitative Research; May2021, Vol. 7 Issue 1, p82-94, 13p
Abstrakt: Entrepreneurial innovativeness in recent times has changed the outward look of SMEs. The business environment is saturated, and the competition is tense. The only way for business owners to survive is through the route of entrepreneurial innovativeness. Also, attention has been given to SMEs because of its strategic position in determining the economic growth and development of countries. SMEs can be said to be the bedrock of economic growth and as such, development of it is paramount to the government of the country. Different scholars have considered various factors that influence SMEs growth and development in Nigeria, but little research has been conducted on the influence of entrepreneurial innovativeness on SMEs growth and development in the country. As Nigeria has an important position amongst other Africa countries, there seems to be insufficient studies done on the importance of SMEs in developing the economy of the country. This research employed a content analysis qualitative research method where different drivers of SMEs growth and development in Nigeria as well as factors hindering the growth of SMEs in Nigeria are considered. The findings revealed that poor ICT use, lack of access to capital, lack of infrastructural facilities and so on are the major influencer of SMEs growth and development in Nigeria. In addition, the creation of enabling environment and consistency in government policies that encourages young entrepreneurs are other important factor that influences the growth and development of SMEs. [ABSTRACT FROM AUTHOR]
Databáze: Complementary Index