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Entrepreneurial Competencies and the Performance of Informal SMEs: The Contingent Role of Business Environment

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  • Ayodotun Stephen Ibidunni
  • Oyedele Martins Ogundana
  • Arinze Okonkwo

Abstract

This study examined entrepreneurial competencies as a viable pathway for improving the innovative performance of SMEs in Nigeria’s informal sector and the contingent roles of the business environment. A survey research design was used to gather data from 296 entrepreneurs who operate informal SMEs in Nigeria. Based on the findings from the SEM-PLS multivariate analysis, the study concluded that entrepreneurial competencies, especially organizing, conceptual, learning, strategic, opportunity, and risk-taking competencies, are essential for achieving higher innovation performance. The study also reveals that entrepreneurial competencies are useful toward mitigating environmental pressures resulting from operational turbulence and erratic policy changes, as the firm drives toward improving innovation outputs. As such, the entrepreneurship environment is becoming more endogenous as entrepreneurs, through their entrepreneurial competencies, have started to gain control over it. This study contributes to the entrepreneurship literature by highlighting the most essential competencies alongside the relevant contingencies. By doing that, this study offers a practical guide on priority competence area that entrepreneurship stakeholders, including entrepreneurs and policymakers, should consider for investment.

Suggested Citation

  • Ayodotun Stephen Ibidunni & Oyedele Martins Ogundana & Arinze Okonkwo, 2021. "Entrepreneurial Competencies and the Performance of Informal SMEs: The Contingent Role of Business Environment," Journal of African Business, Taylor & Francis Journals, vol. 22(4), pages 468-490, October.
    • Handle: RePEc:taf:wjabxx:v:22:y:2021:i:4:p:468-490
    DOI: 10.1080/15228916.2021.1874784
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    Cited by:

    1. Salma Benchekroun & V. G. Venkatesh & Ilham Dkhissi & D. Jinil Persis & Arunmozhi Manimuthu & M. Suresh & V. Raja Sreedharan, 2023. "Managing the retail operations in the COVID‐19 pandemic: Evidence from Morocco," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 44(1), pages 424-447, January.
    2. Md. Nazmus Sakib & Mustafa Raza Rabbani & Iqbal Thonse Hawaldar & Mohammad Abdul Jabber & Jubait Hossain & Mohammad Sahabuddin, 2022. "Entrepreneurial Competencies and SMEs’ Performance in a Developing Economy," Sustainability, MDPI, vol. 14(20), pages 1-18, October.
    3. Ayodotun Stephen Ibidunni & Adebanji William Adejuwon Ayeni & Oyedele Martins Ogundana & Bisayo Otokiti & Lerato Mohalajeng, 2022. "Survival during Times of Disruptions: Rethinking Strategies for Enabling Business Viability in the Developing Economy," Sustainability, MDPI, vol. 14(20), pages 1-14, October.

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