entrepreneurial orientation and small and medium entreprises profitabiliy in Ghana

Ibrahim MusahDONKOH (), Hieu Minh Vu () and Chijioke Nwachukwu ()
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Ibrahim MusahDONKOH: Mendel University in Brno, Czech Republic
Hieu Minh Vu: Van Lang University Vietnam
Chijioke Nwachukwu: Horizons University, Paris, France

Management Research and Practice, 2021, vol. 13, issue 1, 32-43

Abstract: This study examined the relationship between Entrepreneurial Orientation (EO) dimensions (risk-taking, innovativeness, proactiveness) and profitability of Small and Medium Enterprises (SMEs) in Ghana. The study adapted Covin and Slevin's entrepreneurial orientation scale to collect data from Micro Small and Medium Enterprises (SMEs) owner-managers operating in the handicraft, manufacturing sector in Accra, Ghana. 200 SMEs were randomly selected for the study. Only 150 SMEs owner-managers completed the questionnaires. The authors employed a quantitative research approach to analyse resultant data using descriptive statistics and OLS regression. The study found that SME owner-managers ‘proactiveness and innovativeness were positively and significantly related to profitability. However, we observe that risk-taking ability of an entrepreneur does not foster profitability. The implication for the findings and suggestions for future studies as well as recommendations for SME owners are discussed

Keywords: entrepreneurial orientation; profitability; risk-taking; innovativeness; proactiveness. (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:rom:mrpase:v:13:y:2021:i:1:p:32-43

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