Entrepreneurial Orientation and Growth of Small and Medium Scale Businesses in Delta State

The study focused on the effect of entrepreneurial orientation on the growth of small and medium scale businesses. The specific objectives of the study are to examine the effect of innovativeness on growth of small and medium scale businesses, to assess the effect of risk taking on growth of small and medium scale businesses, to ascertain the effect of proactiveness on growth of small and medium scale businesses. Primary data were used for the study. The data were collected the structured questionnaire. Descriptive survey research was adopted in the study. Basically, the population for the study was 1632 registered SMBs based on information obtained from Delta State ministry of commerce and industry, Asaba. Sample size was determined using Krejcie and Morgan Table which resulted to three hundred and thirteen (313). A stratified sampling technique was used to select the respondents. The data were analyzed and hypotheses were tested using Pearson’s correlation coefficient Findings revealed that the study revealed that entrepreneurial orientation have significant relationship on growth of small and medium scale businesses in Delta State. The result showed that innovativeness ,risk taking and proactiveness have significant relationship with growth of small and medium scale businesses in Delta State. The study concludes that Entrepreneurial orientation significantly influences SMBs growth in Delta State, as businesses that embrace innovation, risk-taking, and proactiveness tend to perform better in terms of revenue, market expansion, and sustainability. The study recommends that SMBs should adopt new technologies, improve product development, and embrace digital transformation to remain competitive, Business owners should develop risk management strategies that allow them to explore new markets and investment opportunities while minimizing potential losses and Entrepreneurs should actively seek market trends, customer preferences, and emerging opportunities to maintain a competitive edge

Entrepreneurial Orientation, Innovativeness, Risk-taking and Proa-ctiveness

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