Effect of Entrepreneurial Personality Competencies on Small and Medium Enterprises (Smes) Performance in Abuja Municipal Area Council of the FCT
Abstract
The study empirically examines the effect of personality competencies on small and medium scale enterprises (SMEs) performance in Abuja Municipal Area Council of the FCT. 488 entrepreneurs were drawn randomly from a population of 1627 registered SMEs from Abuja Enterprises Agency record. A sample of 488 questionnaires was administered within the 18 units of zones and areas of AMAC, which constituted 30% of the population. The response rate was 341.Based on the responses, Regression analysis and ANOVA were used to analysed and interpret the responses gathered from the entrepreneurs, both analyses signifies that personality competencies has effect on the performance of SMEs in Abuja Municipal Area Council of the FCT. It is therefore recommended that in the long run SMEs owners and managers should developing personality competencies through seminars and workshops for better future performances of their venture.
References
Baum, J. R., Locke, E. A., & Smith, K. G. (2001).A multidimensional model of venture growth. Academy of Management Journal, 44(2), 292-303. http://dx.doi.org/10.2307/3069456
Becker, G. (1964) .Human capital (2nd Ed). New York : Columbia University Press .
Bhagavantula et al. (2008).The role of entrepreneurship in development of economies. Journal of business and management (LOSR-JBM) e-ISSN: 2228- 487X, Vol. 16 issue 12 (Dec. 2014) pp26-31
Bird, B. (1995).Toward a Theory of Entrepreneurial Competency.Advances in Entrepreneurship, Firm Emergence, and Growth, JAI Press, 2, 51-72
Boyatzis, R. E. (1982). The Competent Manager: A model for effective performance. New York: Wiley.
Chandler, G. N., & Jansen, E. (1992). The founder's self-assessed competence and venture performance. Journal of Business Venturing, 7(3), 223-236. http://dx.doi.org/10.1016/0883-9026(92)90028-P
Colombo, G. and Grilli, L. (2005). Founders’ human capital and growth of new technology-based firm: a competence-based view.
Creswell, J.W. (2003). Research Design: Qualitative, Quantitative, Mixed Methods Approaches (2nd Ed.). London: Sage Publications.
Garrigos-Simon, F.J., Marques, D.P &Narangajavana, Y. (2005).‘‘Competitive Strategies and Performance in Spanish Hospitality Firms’’, International Journal of Contemporary HospitalityManagement.17(1), 22-38.
Hoffmann, T. (1999), ‘The meanings of competency’, Journal of European Industrial. Training, Vol. 23, No.6, pp. 275-185.
Hornby, A. S. (2000). Oxford Advanced Learners Dictionary of Current English, 6th ed. New York: Oxford University Press.
Jamil, C.M. & Mohamed, R. (2012). Performance Measurement System (PMS) In Small Medium Enterprise (SMES): A Pratical Modified Framework, World Journal of Social Sciences; 1(3): 200-212
Kiggundy, M.N. (2002). Entrepreneurs and entrepreneurship in Africa: What is known and what needs to be done. Journal of Developmental Entrepreneurship, 7(3): 239.
Man, T. W. Y., Lau, T. & Chan, K. F. (2002). The competitiveness of small and medium enterprises: a conceptualization with focus on entrepreneurial competencies. Journal of Business Venturing, 17 (2), 123-142.
Man, T.W.Y. and Lau, T. (2000). Entrepreneurial Competencies of SMEs Owners/Managers in Hong Kong Service Sector: A Qualitative Analysis, Journal of Enterprising Culture, 8 235-254.
Man, T.W.Y. and Lau,T. (2005). The context of Entrepreneurship in Hong Kong: an Investigation through the Pattern of Entrepreneurial Competencies in
Contrasting Industrial Environments , Journal of Small Business and Enterprise Development, 12 (4), 67 – 92.
McClelland, D.C. (1987), "Characteristics of Successful Entrepreneurs", Journal of Creative Behavior, 21(1), P.18-21
Mugwan, G.A. (2007). Entrepreneurship in Nigeria, Principles and Practice.
Enugu: Rhyee Kerex Publishers.
Publication of CBN Training Centre, Lagos. No. 4
Salami. A. T. (2003). Guidelines and Stakeholders Responsibilities in SMIEIS. In Central Bank of Nigeria Seminar on Small and Medium Industries Equity Investment Scheme (SMIEIS),
Sarwoko, E, Surachman, and Hadiwidjojo, D.(2013). Entrepreneurial Characteristic and Competency as Determinant of Business Performance in SMEs. 10SR Journal of Business and Management (lose-JBMl VOL.7, issue 3: 31-38 online http://www.losejournal.org.
Woodruffe, C. (1990). Assessment centres. London: IPM.World Bank, 1995.
All right reserved. No part of this book may be reproduced or transmitted in any form or any means without prior permission in writing from the copyright owner.