Institutional Environment, Entrepreneurial Self-efficacy and Orientation for SME in Nigeria

Abiodun Anthony Eniola

doi:doi:10.11648/j.ijem.20200402.11

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Institutional Environment, Entrepreneurial Self-efficacy and Orientation for SME in Nigeria

Abiodun Anthony Eniola

Published in International Journal of Engineering Management (Volume 4, Issue 2)

Received: 31 October 2019 Accepted: 9 January 2020 Published: 25 August 2020

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Abstract

The economic performance related implications of entrepreneurship and entrepreneurship based SMEs are questionable in the Nigeria context due to lack of entrepreneurial tendency and mismatch between education acquisition and market-based skills requirement; lack of proper institutional infrastructure that facilitates in creation, identification and exploitation of opportunities and acquisition of resources. This research reviews the role of entrepreneurial self-efficacy and institutional environment in entrepreneurial orientation and development of a successful entrepreneurship-based SME. The aim is to integrate the institutional environment, self-efficacy, to address the aforementioned challenges to entrepreneurship-based SME’s development. The review encouraged the role of entrepreneurial self-efficacy and institutional environment in the development of a successful entrepreneurship-based SME. Entrepreneurship, regardless of social, economic and geopolitical circumstances, is a critical engine for sustainable economic growth. Entrepreneurship is frequently considered as a remedy to the severe global sustainability challenges by both scholarly as well as practitioner-based research findings. Entrepreneurship itself is an outcome of a set of human characteristics that enables one to identify, exploit and even create market opportunities related to incremental growth. These characteristics enable entrepreneurs to comprehend and utilize the known and familiar tactics to market-related prospects while simultaneously trying to identify new opportunities and approaches that lend efficiency. Nevertheless, the production and operation of a successful small and medium-sized enterprise (SME) enterprise is a major concern.

Published in	International Journal of Engineering Management (Volume 4, Issue 2)
DOI	10.11648/j.ijem.20200402.11
Page(s)	17-24
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2020. Published by Science Publishing Group

Keywords

Entrepreneurial Orientation, Self-efficacy, Institutional Environment, SMEs, Nigeria

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Abiodun Anthony Eniola. (2020). Institutional Environment, Entrepreneurial Self-efficacy and Orientation for SME in Nigeria. International Journal of Engineering Management, 4(2), 17-24. https://doi.org/10.11648/j.ijem.20200402.11

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Abiodun Anthony Eniola. Institutional Environment, Entrepreneurial Self-efficacy and Orientation for SME in Nigeria. Int. J. Eng. Manag. 2020, 4(2), 17-24. doi: 10.11648/j.ijem.20200402.11

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Abiodun Anthony Eniola. Institutional Environment, Entrepreneurial Self-efficacy and Orientation for SME in Nigeria. Int J Eng Manag. 2020;4(2):17-24. doi: 10.11648/j.ijem.20200402.11

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@article{10.11648/j.ijem.20200402.11,
  author = {Abiodun Anthony Eniola},
  title = {Institutional Environment, Entrepreneurial Self-efficacy and Orientation for SME in Nigeria},
  journal = {International Journal of Engineering Management},
  volume = {4},
  number = {2},
  pages = {17-24},
  doi = {10.11648/j.ijem.20200402.11},
  url = {https://doi.org/10.11648/j.ijem.20200402.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijem.20200402.11},
  abstract = {The economic performance related implications of entrepreneurship and entrepreneurship based SMEs are questionable in the Nigeria context due to lack of entrepreneurial tendency and mismatch between education acquisition and market-based skills requirement; lack of proper institutional infrastructure that facilitates in creation, identification and exploitation of opportunities and acquisition of resources. This research reviews the role of entrepreneurial self-efficacy and institutional environment in entrepreneurial orientation and development of a successful entrepreneurship-based SME. The aim is to integrate the institutional environment, self-efficacy, to address the aforementioned challenges to entrepreneurship-based SME’s development. The review encouraged the role of entrepreneurial self-efficacy and institutional environment in the development of a successful entrepreneurship-based SME. Entrepreneurship, regardless of social, economic and geopolitical circumstances, is a critical engine for sustainable economic growth. Entrepreneurship is frequently considered as a remedy to the severe global sustainability challenges by both scholarly as well as practitioner-based research findings. Entrepreneurship itself is an outcome of a set of human characteristics that enables one to identify, exploit and even create market opportunities related to incremental growth. These characteristics enable entrepreneurs to comprehend and utilize the known and familiar tactics to market-related prospects while simultaneously trying to identify new opportunities and approaches that lend efficiency. Nevertheless, the production and operation of a successful small and medium-sized enterprise (SME) enterprise is a major concern.},
 year = {2020}
}

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SN  - 2640-1568
UR  - https://doi.org/10.11648/j.ijem.20200402.11
AB  - The economic performance related implications of entrepreneurship and entrepreneurship based SMEs are questionable in the Nigeria context due to lack of entrepreneurial tendency and mismatch between education acquisition and market-based skills requirement; lack of proper institutional infrastructure that facilitates in creation, identification and exploitation of opportunities and acquisition of resources. This research reviews the role of entrepreneurial self-efficacy and institutional environment in entrepreneurial orientation and development of a successful entrepreneurship-based SME. The aim is to integrate the institutional environment, self-efficacy, to address the aforementioned challenges to entrepreneurship-based SME’s development. The review encouraged the role of entrepreneurial self-efficacy and institutional environment in the development of a successful entrepreneurship-based SME. Entrepreneurship, regardless of social, economic and geopolitical circumstances, is a critical engine for sustainable economic growth. Entrepreneurship is frequently considered as a remedy to the severe global sustainability challenges by both scholarly as well as practitioner-based research findings. Entrepreneurship itself is an outcome of a set of human characteristics that enables one to identify, exploit and even create market opportunities related to incremental growth. These characteristics enable entrepreneurs to comprehend and utilize the known and familiar tactics to market-related prospects while simultaneously trying to identify new opportunities and approaches that lend efficiency. Nevertheless, the production and operation of a successful small and medium-sized enterprise (SME) enterprise is a major concern.
VL  - 4
IS  - 2
ER  -

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Author Information

Abiodun Anthony Eniola

Department of Business Studies, Landmark University, Omu-Aran, Nigeria

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Abiodun Anthony Eniola. (2020). Institutional Environment, Entrepreneurial Self-efficacy and Orientation for SME in Nigeria. International Journal of Engineering Management, 4(2), 17-24. https://doi.org/10.11648/j.ijem.20200402.11

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ACS Style

Abiodun Anthony Eniola. Institutional Environment, Entrepreneurial Self-efficacy and Orientation for SME in Nigeria. Int. J. Eng. Manag. 2020, 4(2), 17-24. doi: 10.11648/j.ijem.20200402.11

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AMA Style

Abiodun Anthony Eniola. Institutional Environment, Entrepreneurial Self-efficacy and Orientation for SME in Nigeria. Int J Eng Manag. 2020;4(2):17-24. doi: 10.11648/j.ijem.20200402.11

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@article{10.11648/j.ijem.20200402.11,
  author = {Abiodun Anthony Eniola},
  title = {Institutional Environment, Entrepreneurial Self-efficacy and Orientation for SME in Nigeria},
  journal = {International Journal of Engineering Management},
  volume = {4},
  number = {2},
  pages = {17-24},
  doi = {10.11648/j.ijem.20200402.11},
  url = {https://doi.org/10.11648/j.ijem.20200402.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijem.20200402.11},
  abstract = {The economic performance related implications of entrepreneurship and entrepreneurship based SMEs are questionable in the Nigeria context due to lack of entrepreneurial tendency and mismatch between education acquisition and market-based skills requirement; lack of proper institutional infrastructure that facilitates in creation, identification and exploitation of opportunities and acquisition of resources. This research reviews the role of entrepreneurial self-efficacy and institutional environment in entrepreneurial orientation and development of a successful entrepreneurship-based SME. The aim is to integrate the institutional environment, self-efficacy, to address the aforementioned challenges to entrepreneurship-based SME’s development. The review encouraged the role of entrepreneurial self-efficacy and institutional environment in the development of a successful entrepreneurship-based SME. Entrepreneurship, regardless of social, economic and geopolitical circumstances, is a critical engine for sustainable economic growth. Entrepreneurship is frequently considered as a remedy to the severe global sustainability challenges by both scholarly as well as practitioner-based research findings. Entrepreneurship itself is an outcome of a set of human characteristics that enables one to identify, exploit and even create market opportunities related to incremental growth. These characteristics enable entrepreneurs to comprehend and utilize the known and familiar tactics to market-related prospects while simultaneously trying to identify new opportunities and approaches that lend efficiency. Nevertheless, the production and operation of a successful small and medium-sized enterprise (SME) enterprise is a major concern.},
 year = {2020}
}

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TY  - JOUR
T1  - Institutional Environment, Entrepreneurial Self-efficacy and Orientation for SME in Nigeria
AU  - Abiodun Anthony Eniola
Y1  - 2020/08/25
PY  - 2020
N1  - https://doi.org/10.11648/j.ijem.20200402.11
DO  - 10.11648/j.ijem.20200402.11
T2  - International Journal of Engineering Management
JF  - International Journal of Engineering Management
JO  - International Journal of Engineering Management
SP  - 17
EP  - 24
PB  - Science Publishing Group
SN  - 2640-1568
UR  - https://doi.org/10.11648/j.ijem.20200402.11
AB  - The economic performance related implications of entrepreneurship and entrepreneurship based SMEs are questionable in the Nigeria context due to lack of entrepreneurial tendency and mismatch between education acquisition and market-based skills requirement; lack of proper institutional infrastructure that facilitates in creation, identification and exploitation of opportunities and acquisition of resources. This research reviews the role of entrepreneurial self-efficacy and institutional environment in entrepreneurial orientation and development of a successful entrepreneurship-based SME. The aim is to integrate the institutional environment, self-efficacy, to address the aforementioned challenges to entrepreneurship-based SME’s development. The review encouraged the role of entrepreneurial self-efficacy and institutional environment in the development of a successful entrepreneurship-based SME. Entrepreneurship, regardless of social, economic and geopolitical circumstances, is a critical engine for sustainable economic growth. Entrepreneurship is frequently considered as a remedy to the severe global sustainability challenges by both scholarly as well as practitioner-based research findings. Entrepreneurship itself is an outcome of a set of human characteristics that enables one to identify, exploit and even create market opportunities related to incremental growth. These characteristics enable entrepreneurs to comprehend and utilize the known and familiar tactics to market-related prospects while simultaneously trying to identify new opportunities and approaches that lend efficiency. Nevertheless, the production and operation of a successful small and medium-sized enterprise (SME) enterprise is a major concern.
VL  - 4
IS  - 2
ER  -

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