The Effect of Entrepreneurial Orientation on Financial Performance of Firms

A Case Study of Selected SMES in Sekondi Takoradi Metropolis


Master's Thesis, 2017

84 Pages, Grade: 4.07


Abstract or Introduction

The study examined the effect of entrepreneurial orientation on financial performance of SMEs using selected small and medium scale enterprises. The population of the study is made up of SMEs owner/managers of the metropolis. The study was done using an overall sample size of 120 SMEs owner/managers out of which 118 responses were received which constitute 98.3% response rate. Respondents were chosen using both purposive and convenient sampling techniques. The software utilized in data analysis was Statistical Package for Social Science version 20, and data was interpreted using regression, percentages, mean, and standard deviation. Risk-taking propensity, innovativeness, and competitive aggressiveness (independent variables) were found to have a significant effect on financial performance of SMEs (dependent variable).

This research will educate enterprise managers and entrepreneurs in numerous industries on the elements that influence entrepreneurial behavior, improve company performance, and assist the growth and development of their businesses at the firm level. The research will also give senior executive and management personnel at company’s access to the resources they need to make long-term decisions, allowing them to improve their competitive postures and capacities by improving their financial performance.

Another important value of this research is that the findings will give information to the government that can be utilized as inputs for policy creation related to entrepreneurship and entrepreneurial orientation. This research will add to the existing body of knowledge by presenting a fresh scenario and dimensions for bridging the gap in entrepreneurial success in developing countries.

Details

Title
The Effect of Entrepreneurial Orientation on Financial Performance of Firms
Subtitle
A Case Study of Selected SMES in Sekondi Takoradi Metropolis
College
Kwame Nkrumah University of Science and Technology  (School of Business)
Course
Bsc Accounting
Grade
4.07
Author
Year
2017
Pages
84
Catalog Number
V1270173
ISBN (Book)
9783346717023
Language
English
Keywords
effect, entrepreneurial, orientation, financial, performance, firms, case, study, selected, smes, sekondi, takoradi, metropolis
Quote paper
Belinda Jane Owusu (Author), 2017, The Effect of Entrepreneurial Orientation on Financial Performance of Firms, Munich, GRIN Verlag, https://www.grin.com/document/1270173

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