ABSTRACT
This study assessed the effect of entrepreneurial characteristics (Risk-taking propensity, innovativeness and self-confidence) on the business performance in Ogun and Lagos State. It specifically examined the effect of risk-taking propensity on business performance of Feedmill and Foodco in Ogun and Lagos State; assessed the impact of innovativeness on business performance of Feedmill and Foodco in Ogun and Lagos State; determined the effect of self-confidence on business performance of Feedmill and Foodco in Ogun and Lagos State and determined the relationship between enterprenuerial characteristics on business performance of Feedmill and Foodco in Ogun and Lagos State
Descriptive research design was adopted. The population was drawn from staff and management from all the entire F. A. Feedmill and Foodco in Ogun and Lagos State, Nigeria. Stratified sampling techniques and Taro Yamen was used to select the One hundred and thirty-three (133) staff and management that participated in the study. The instruments used were Entrepreneurial Characteristics Scale (ECS) and Business Performance Scale (BPE). Data generated were analysed using descriptive statistics, simple percentage while hypotheses were testing using simple linear regression and chi-square with the aid of statistical package for social science (SPSS).
Findings from the study showed that there was significant impact of entrepreneurial characteristics (risk-taking propensity, innovativeness and self-confidence) on business performance of Feedmill and Foodco which is less than 0.05 statistical value; revealed that there was a significant relationship between business performance and risk-taking propensity, business performance and innovativeness; business performance and self-confidence in Feedmill and Foodco which is less than 0.05 statistical value.
This study concluded that entrepreneurial characteristics has a formidable impact on business performance. It recommended that provide resources and opportunities for employees to generate and implement new ideas. This can lead to the development of innovative products, services, and processes that can drive business performance.
TABLE OF CONTENTS
CHAPTER ONE: INTRODUCTION
1.1 Background to the Study 1
1.2 Objectives of the Study 4
1.3 Statement of the Problem 5
1.4 Research Questions 8
1.5 Research Hypotheses 8
1.6 Significance of the Study 8
1.7 Scope of the Study 10
1.8 Definition of Terms 10
CHAPTER TWO: LITERATURE REVIEW
2.1 Theoretical Framework 12
2.1.1 Overview of the Resource Based Theory (RBT) 12
2.1.2 Underpinning Theory: Entrepreneurial Orientation Theory 14
2.2 Theoretical Review 17
2.2.1 Concept of Entrepreneur and Entrepreneurship 17
2.2.2 Characteristics of Entrepreneur 18
2.2.3 Entrepreneurship Characteristics 21
2.2.4 Business Performance (Growth, Success & Profitability) 25
2.2.5 The Business External Environment 27
2.2. 6 The General Environment 28
2.2.7 The Task Environment 31
2.3 Empirical Review 33
2.4 Appraisal of Literature 42
CHAPTER THREE: RESEARCH METHODOLOGY
3.0 Introduction 46
3.1 Research Design 46
3.2 Population of the Study 47
3.3 Sample and Sampling Technique 47
3.4 Instrumentation 48
3.5 Validity and Reliability of Instrument 48
3.6 Procedure for Data Collection 49
3.7 Method of Data Analysis 49
CHAPTER FOUR: DATA ANALYSIS AND INTERPRETATION
4.1 Demographic Distribution of Respondents 50
4.2 Analysis of Questionnaire 53
4.3 Test of Hypothesis 57
4.4 Discussion of Findings 62
CHAPTER FIVE; SUMMARY, CONCLUSION AND RECOMMENDATION
5.1 Summary 63
5.2 Conclusion 64
5.3 Recommendation 65
5.4 Suggestion for Further studies 66
References 68
Appendix 74
