Entrepreneurial Orientation and Performance of Small Business in Vryburg Region North West Province South Africa

Authors

  • Olabanji Oni Department of Business Management, Faculty of Management and Commerce, University of Fort Hare, Private Bag X1314, Alice, 5700
  • Edem Korku Agbobli Department of Business Management, Faculty of Management Sciences, Central University of Technology, Private Bag X20539, Bloemfontein, 9300,
  • Chux Gervase Iwu Department of Entrepreneurship and Business Management, Faculty of Business and Management Sciences, PO Box 652, Cape Town

Keywords:

Entrepreneurial orientation, Small business, Business Performance, Vryburg, South Africa, Socioeconomic development.

Abstract

Small businesses play a significant role in job creation, economic growth and development, innovation, competitiveness and poverty alleviation that eventually improve business performance. The purpose of this study was to assess the association between Entrepreneurial orientation (EO) (innovativeness, risk taking, proactiveness and autonomy) and performance of small business in Vryburg area North West Province South Africa(SA). This quantitative study utilised questionnaire for data collection in a survey. The population were small business owners/managers in North West Province South Africa. Simple random sampling method was utilised to obtain participants for the study. The study utilised descriptive and inferential statistics. The result shows that only three attributes (innovativeness, risk taking and proactiveness) influence business performance while no association was found between autonomy and business performance. Additionally, positive relationship exists between the overall EO and the performance of small business. Empirically, the study contributes to the literature on EO and advance recommendations to improve the EO of small business in South Africa. The study recommends that policy makers, owners and managers of small business strategize on enterprise development and better business performance of small business in Vryburg area North West Province South Africa.

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Published

2019-02-01

How to Cite

Oni, O., Agbobli, E. K., & Iwu, C. G. (2019). Entrepreneurial Orientation and Performance of Small Business in Vryburg Region North West Province South Africa. Journal of Reviews on Global Economics, 8, 63–71. Retrieved from http://lifescienceglobalca.com/index.php/jrge/article/view/5834

Issue

Vol. 8 (2019)

Section

Special Issue - Economic Opportunity and Global Safety

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