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Techno-entrepreneurship - pathway to sustainable business performance: empirical evidence from SMEs in Ogun state, Nigeria

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  • Ola Olusegun Oyedele
  • Mutiu Adebowale Oyero

Abstract

This study examines how techno-entrepreneurship, measured as Intellectual Property Rights (IPRs) and Research, Development and Innovation (R, D % I), impacts sustainable business performance in small and medium-sized enterprises (SMEs). A random sample of 126 respondents was taken from purposively selected agro-businesses for a survey and responses were analysed using linear regression. The study results demonstrate significant and positive impact of technopreneurship on the profitability and earned revenue of SMEs, thus suggesting a technopreneurship model - nexus of drivers, constructs and prospects - as a solution to drive sustainable business performance. Based on findings, the study recommends that businesses should possess or sell and commercialise IPRs and practice open innovation (R, D % I). Finally, policy makers - primarily the government - should formulate and implement supportive policies, strategies and as well create an enabling environment for technopreneurship to thrive, towards growth of SMEs and the larger economy.

Suggested Citation

  • Ola Olusegun Oyedele & Mutiu Adebowale Oyero, 2022. "Techno-entrepreneurship - pathway to sustainable business performance: empirical evidence from SMEs in Ogun state, Nigeria," World Review of Entrepreneurship, Management and Sustainable Development, Inderscience Enterprises Ltd, vol. 18(5/6), pages 545-565.
    • Handle: RePEc:ids:wremsd:v:18:y:2022:i:5/6:p:545-565
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