Publication:
Entrepreneurial Orientation and Small and Medium Entreprises Profitabiliy in Ghana
Entrepreneurial Orientation and Small and Medium Entreprises Profitabiliy in Ghana
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Date
2021
Authors
Vũ Minh Hiếu
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Research Projects
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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 risktaking
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
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Keywords
entrepreneurial orientation,
profitability,
risk-taking,
innovativeness,
proactiveness