Proactiveness, environmental munificence and environmental hostility and their impacts on the growth of SMEs

Olufemi Muibi Omisakin, Chris Arasanmi and Indrapriya Kularatne

International Journal of Entrepreneurship and Innovation Management, 2022, vol. 26, issue 1/2, 43-59

Abstract: This research investigates the relationship between proactiveness, environmental munificence and environmental hostility on the growth of small and medium enterprises (SMEs). The study used an online survey/questionnaire for its data collection from small and medium business owners/managers. One hundred questionnaires were sent to the would-be participants but only 60 questionnaires were returned. Therefore, the study was conducted on 60 SME firms in the Auckland central business district (CBD). The collected data was analysed using the regression method to test the relationships among the specified variables. The research findings show that proactiveness and environmental munificence influence the growth of SMEs while environmental hostility and the growth of SMEs were insignificantly related, and were therefore not supported in this analysis. The major applied contributions from this study are that business managers should be proactive in the formulation of business strategies. Secondly, the study suggests that external environments should be properly scanned so that businesses can maximise opportunities for business sustainability.

Keywords: entrepreneurial orientation; proactiveness; environmental hostility; environmental munificence; SME growth. (search for similar items in EconPapers)
Date: 2022
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