Appraisal of Entrepreneurship Capacity Programs and Internationalization of Small and Medium Enterprises in Nigeria

Akinbola Olufemi Amos (), Sanni Sekinat Arike () and Akinbola Omolola Sariat ()
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Akinbola Olufemi Amos: Federal University of Agriculture
Sanni Sekinat Arike: University of Southampton
Akinbola Omolola Sariat: Kwara State University

Acta Universitatis Danubius. OEconomica, 2018, issue 14(6), 72-89

Abstract: The extent to which entrepreneurship capacity programs has assisted SMEs on internationalization has been a subject of controversy in recent time. Also the encouragement of entrepreneurial behavior has been adjudged to enhance the SME growth particularly given its contribution to economic prosperity in economies. The population of the study consisted of randomly selected employees of 20 internationalizing SMEs in Ikeja, Lagos industrial Centre. A total 200 employees were sampled through the instrument of a structured questionnaire. The statistical tools used included cross tabulations, Mean, Multiple Regression and Correlation analysis through the SPSS computer packages. The results showed that entrepreneurship training (ET), has significant relationship on the employment creation of SMEs to internationalize (at P =0.00). It was also found out that information provision (IP) has significant relationship with SMEs’ survival rate to internationalize (at P=0.018). Hence, the study recommends that entrepreneurship development organizations affiliated to federal, state, industrial and international organizations need to implement capacity programs that would reposition Nigerian SMEs for Internationalization and team up in strengthening the human capacity of SMEs in 21st as SME owners and employees tend to possess minimal education on entrepreneurship processes to internationalize.

Keywords: Entrepreneurship Capacity; Internationalization; Small and Medium Enterprises (search for similar items in EconPapers)
Date: 2018
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