Effect of Entrepreneurial Innovation and Entrepreneurial Action on SMEs Growth and Economic Development in Nigeria

Authors

  • Abubakar Ado Adamu Department of Business Administration, ABU Business School, Ahmadu Bello University, Zaria.
  • Nasiru Abdullahi Department of Business Administration, ABU Business School, Ahmadu Bello University, Zaria.
  • Mohammed Aliyu Dantsoho Department of Business Management, Federal university of Dutsinma, Katsina State.
  • Mohammed Ibrahim Aminu Department of Business Administration, ABU Business School, Ahmadu Bello University, Zaria.

Keywords:

Entrepreneurial Innovation, Entrepreneurial action, SMEs Growth, Economic development

Abstract

The main objective of this study is to examine the effects of entrepreneurial innovation (EI) and entrepreneurial action (EA) on SMEs Growth and economic development in Nigeria. Data were collected from the SMEs owners-managers operating in the Kaduna State of Nigeria using a cross sectional research design from a population of 2,882 SMEs. The study distributed 353
questionnaires, collected 329 and used 267 questionnaires for the final analysis using PLS-SEM to test the hypotheses. The study found that EI and EA influenced the SMEs Growth which hitherto effects the economic development in Nigeria. The finding shows that EI and EA significantly improved SMEs firm accessibility to more customers and increase market potentials and opportunities. Therefore, the finding of this study provides important insight into ownersmanagers, policymakers, and researchers to further understand the impact of growth strategies on SMEs towards economic development. It is also important to note that higher concentration on EI may result in excessive product competition. While over-concentration on EA may enhance innovations and reduce the cost of operation as increases in growth, imply a faster achievement of economic growth and development.

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Published

2022-08-04

How to Cite

Ado Adamu, A., Abdullahi, N. ., Aliyu Dantsoho, M. ., & Ibrahim Aminu, M. . (2022). Effect of Entrepreneurial Innovation and Entrepreneurial Action on SMEs Growth and Economic Development in Nigeria. International Journal of Intellectual Discourse, 3(1), 32–48. Retrieved from https://ijidjournal.org/index.php/ijid/article/view/95

Issue

Vol. 3 No. 1 (2020): June

Section

Articles