Assessing Corporate Entrepreneurship in Conglomerates in Nigeria

Jegede Charles Tope; Irewole Oluwasefunmi Eunice; Olatunji Ibrahim; Jiboye Temitope

doi:doi:10.11648/j.ijsts.20221002.12

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Assessing Corporate Entrepreneurship in Conglomerates in Nigeria

Jegede Charles Tope, Irewole Oluwasefunmi Eunice, Olatunji Ibrahim, Jiboye Temitope

Published in International Journal of Science, Technology and Society (Volume 10, Issue 2)

Received: 6 February 2022 Accepted: 1 March 2022 Published: 12 March 2022

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Abstract

The Government in Nigeria has of recent years raised the awareness of Entrepreneurship practices through the introduction of different entrepreneurship programmes among all forms of corporations including the Small & Medium Enterprises (SMEs) and conglomerates in the country; especially those manufacturing Corporations in the densely populated areas of the South western Nigeria. The Government has also raised entrepreneurship awareness among the citizenry by improving the accessibility to bank loans and also by including entrepreneurship courses in the curriculum of all post-secondary tertiary institutions in order to improve employability status of young graduates before they are recruited by the conglomerates. Unfortunately, mere observation of the Nigerian economy has not shown any improvement. Hence the need to assess the level of Entrepreneurial variables and Corporate Entrepreneurship (CE) in Conglomerates in South-western and Lagos industrial axes of Nigeria. Data were collected from primary and secondary sources. The variables/elements of Corporate Entrepreneurship (CE) were categorized into innovation/invention, risk-taking, and proactiveness. Corporate entrepreneurship in this paper is measured by behaviour and characteristics of the Chief Executive Officer (CEO) and the coalition group. Multi-stage sampling technique was adopted in selecting the sample population. Subsequently, the data generated were analysed with appropriate descriptive and inferential statistics. The findings showed that: Nigerian manufacturing industries were not highly entrepreneurial oriented. Though traces of innovations were observed, none for invention, Corporate Entrepreneurship (CE) practices among the top management team were dominated by men. This gender imbalance calls for further research in future; The paper discovered that poor infrastructural development repelled most industries away from industrial estates as most CEOs prefer outright purchase of private sites. This made advantages of economies of scale to elude them, especially in the areas of research resulting in poor CE activities. Also, not many of these industries were listed on Nigerian Securities Exchange (NSE), thereby limiting amount of public funds available for research activities in these companies, and lastly, the three key variables/elements/Dimensions (Invention/Innovation, Proactiveness and Risk-taking) of Corporate Entrepreneurship were identified as channels through which Corporate Entrepreneurship (CE) can be promoted in Nigeria.

Published in	International Journal of Science, Technology and Society (Volume 10, Issue 2)
DOI	10.11648/j.ijsts.20221002.12
Page(s)	27-39
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), 2022. Published by Science Publishing Group

Keywords

Innovation/Invention, Risk-taking, Proactiveness, Elements/Dimension, Entrepreneurial Orientation

References

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APA Style

Jegede Charles Tope, Irewole Oluwasefunmi Eunice, Olatunji Ibrahim, Jiboye Temitope. (2022). Assessing Corporate Entrepreneurship in Conglomerates in Nigeria. International Journal of Science, Technology and Society, 10(2), 27-39. https://doi.org/10.11648/j.ijsts.20221002.12

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ACS Style

Jegede Charles Tope; Irewole Oluwasefunmi Eunice; Olatunji Ibrahim; Jiboye Temitope. Assessing Corporate Entrepreneurship in Conglomerates in Nigeria. Int. J. Sci. Technol. Soc. 2022, 10(2), 27-39. doi: 10.11648/j.ijsts.20221002.12

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AMA Style

Jegede Charles Tope, Irewole Oluwasefunmi Eunice, Olatunji Ibrahim, Jiboye Temitope. Assessing Corporate Entrepreneurship in Conglomerates in Nigeria. Int J Sci Technol Soc. 2022;10(2):27-39. doi: 10.11648/j.ijsts.20221002.12

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@article{10.11648/j.ijsts.20221002.12,
  author = {Jegede Charles Tope and Irewole Oluwasefunmi Eunice and Olatunji Ibrahim and Jiboye Temitope},
  title = {Assessing Corporate Entrepreneurship in Conglomerates in Nigeria},
  journal = {International Journal of Science, Technology and Society},
  volume = {10},
  number = {2},
  pages = {27-39},
  doi = {10.11648/j.ijsts.20221002.12},
  url = {https://doi.org/10.11648/j.ijsts.20221002.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijsts.20221002.12},
  abstract = {The Government in Nigeria has of recent years raised the awareness of Entrepreneurship practices through the introduction of different entrepreneurship programmes among all forms of corporations including the Small & Medium Enterprises (SMEs) and conglomerates in the country; especially those manufacturing Corporations in the densely populated areas of the South western Nigeria. The Government has also raised entrepreneurship awareness among the citizenry by improving the accessibility to bank loans and also by including entrepreneurship courses in the curriculum of all post-secondary tertiary institutions in order to improve employability status of young graduates before they are recruited by the conglomerates. Unfortunately, mere observation of the Nigerian economy has not shown any improvement. Hence the need to assess the level of Entrepreneurial variables and Corporate Entrepreneurship (CE) in Conglomerates in South-western and Lagos industrial axes of Nigeria. Data were collected from primary and secondary sources. The variables/elements of Corporate Entrepreneurship (CE) were categorized into innovation/invention, risk-taking, and proactiveness. Corporate entrepreneurship in this paper is measured by behaviour and characteristics of the Chief Executive Officer (CEO) and the coalition group. Multi-stage sampling technique was adopted in selecting the sample population. Subsequently, the data generated were analysed with appropriate descriptive and inferential statistics. The findings showed that: Nigerian manufacturing industries were not highly entrepreneurial oriented. Though traces of innovations were observed, none for invention, Corporate Entrepreneurship (CE) practices among the top management team were dominated by men. This gender imbalance calls for further research in future; The paper discovered that poor infrastructural development repelled most industries away from industrial estates as most CEOs prefer outright purchase of private sites. This made advantages of economies of scale to elude them, especially in the areas of research resulting in poor CE activities. Also, not many of these industries were listed on Nigerian Securities Exchange (NSE), thereby limiting amount of public funds available for research activities in these companies, and lastly, the three key variables/elements/Dimensions (Invention/Innovation, Proactiveness and Risk-taking) of Corporate Entrepreneurship were identified as channels through which Corporate Entrepreneurship (CE) can be promoted in Nigeria.},
 year = {2022}
}

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TY  - JOUR
T1  - Assessing Corporate Entrepreneurship in Conglomerates in Nigeria
AU  - Jegede Charles Tope
AU  - Irewole Oluwasefunmi Eunice
AU  - Olatunji Ibrahim
AU  - Jiboye Temitope
Y1  - 2022/03/12
PY  - 2022
N1  - https://doi.org/10.11648/j.ijsts.20221002.12
DO  - 10.11648/j.ijsts.20221002.12
T2  - International Journal of Science, Technology and Society
JF  - International Journal of Science, Technology and Society
JO  - International Journal of Science, Technology and Society
SP  - 27
EP  - 39
PB  - Science Publishing Group
SN  - 2330-7420
UR  - https://doi.org/10.11648/j.ijsts.20221002.12
AB  - The Government in Nigeria has of recent years raised the awareness of Entrepreneurship practices through the introduction of different entrepreneurship programmes among all forms of corporations including the Small & Medium Enterprises (SMEs) and conglomerates in the country; especially those manufacturing Corporations in the densely populated areas of the South western Nigeria. The Government has also raised entrepreneurship awareness among the citizenry by improving the accessibility to bank loans and also by including entrepreneurship courses in the curriculum of all post-secondary tertiary institutions in order to improve employability status of young graduates before they are recruited by the conglomerates. Unfortunately, mere observation of the Nigerian economy has not shown any improvement. Hence the need to assess the level of Entrepreneurial variables and Corporate Entrepreneurship (CE) in Conglomerates in South-western and Lagos industrial axes of Nigeria. Data were collected from primary and secondary sources. The variables/elements of Corporate Entrepreneurship (CE) were categorized into innovation/invention, risk-taking, and proactiveness. Corporate entrepreneurship in this paper is measured by behaviour and characteristics of the Chief Executive Officer (CEO) and the coalition group. Multi-stage sampling technique was adopted in selecting the sample population. Subsequently, the data generated were analysed with appropriate descriptive and inferential statistics. The findings showed that: Nigerian manufacturing industries were not highly entrepreneurial oriented. Though traces of innovations were observed, none for invention, Corporate Entrepreneurship (CE) practices among the top management team were dominated by men. This gender imbalance calls for further research in future; The paper discovered that poor infrastructural development repelled most industries away from industrial estates as most CEOs prefer outright purchase of private sites. This made advantages of economies of scale to elude them, especially in the areas of research resulting in poor CE activities. Also, not many of these industries were listed on Nigerian Securities Exchange (NSE), thereby limiting amount of public funds available for research activities in these companies, and lastly, the three key variables/elements/Dimensions (Invention/Innovation, Proactiveness and Risk-taking) of Corporate Entrepreneurship were identified as channels through which Corporate Entrepreneurship (CE) can be promoted in Nigeria.
VL  - 10
IS  - 2
ER  -

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Author Information

Jegede Charles Tope

The Institute for Entrepreneurship and Development Studies (Formerly Centre for Industrial Research & Development), Obafemi Awolowo University, Ile–Ife, Nigeria
Irewole Oluwasefunmi Eunice

Institute of Economics and Business Research, Universidad Michoacán de San Nicolas Hidalgo, Morelia, Mexico
Olatunji Ibrahim

Department of Management & Accounting, King’s University, Odeomu, Nigeria
Jiboye Temitope

The Institute for Entrepreneurship and Development Studies (Formerly Centre for Industrial Research & Development), Obafemi Awolowo University, Ile–Ife, Nigeria

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APA Style

Jegede Charles Tope, Irewole Oluwasefunmi Eunice, Olatunji Ibrahim, Jiboye Temitope. (2022). Assessing Corporate Entrepreneurship in Conglomerates in Nigeria. International Journal of Science, Technology and Society, 10(2), 27-39. https://doi.org/10.11648/j.ijsts.20221002.12

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ACS Style

Jegede Charles Tope; Irewole Oluwasefunmi Eunice; Olatunji Ibrahim; Jiboye Temitope. Assessing Corporate Entrepreneurship in Conglomerates in Nigeria. Int. J. Sci. Technol. Soc. 2022, 10(2), 27-39. doi: 10.11648/j.ijsts.20221002.12

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AMA Style

Jegede Charles Tope, Irewole Oluwasefunmi Eunice, Olatunji Ibrahim, Jiboye Temitope. Assessing Corporate Entrepreneurship in Conglomerates in Nigeria. Int J Sci Technol Soc. 2022;10(2):27-39. doi: 10.11648/j.ijsts.20221002.12

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@article{10.11648/j.ijsts.20221002.12,
  author = {Jegede Charles Tope and Irewole Oluwasefunmi Eunice and Olatunji Ibrahim and Jiboye Temitope},
  title = {Assessing Corporate Entrepreneurship in Conglomerates in Nigeria},
  journal = {International Journal of Science, Technology and Society},
  volume = {10},
  number = {2},
  pages = {27-39},
  doi = {10.11648/j.ijsts.20221002.12},
  url = {https://doi.org/10.11648/j.ijsts.20221002.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijsts.20221002.12},
  abstract = {The Government in Nigeria has of recent years raised the awareness of Entrepreneurship practices through the introduction of different entrepreneurship programmes among all forms of corporations including the Small & Medium Enterprises (SMEs) and conglomerates in the country; especially those manufacturing Corporations in the densely populated areas of the South western Nigeria. The Government has also raised entrepreneurship awareness among the citizenry by improving the accessibility to bank loans and also by including entrepreneurship courses in the curriculum of all post-secondary tertiary institutions in order to improve employability status of young graduates before they are recruited by the conglomerates. Unfortunately, mere observation of the Nigerian economy has not shown any improvement. Hence the need to assess the level of Entrepreneurial variables and Corporate Entrepreneurship (CE) in Conglomerates in South-western and Lagos industrial axes of Nigeria. Data were collected from primary and secondary sources. The variables/elements of Corporate Entrepreneurship (CE) were categorized into innovation/invention, risk-taking, and proactiveness. Corporate entrepreneurship in this paper is measured by behaviour and characteristics of the Chief Executive Officer (CEO) and the coalition group. Multi-stage sampling technique was adopted in selecting the sample population. Subsequently, the data generated were analysed with appropriate descriptive and inferential statistics. The findings showed that: Nigerian manufacturing industries were not highly entrepreneurial oriented. Though traces of innovations were observed, none for invention, Corporate Entrepreneurship (CE) practices among the top management team were dominated by men. This gender imbalance calls for further research in future; The paper discovered that poor infrastructural development repelled most industries away from industrial estates as most CEOs prefer outright purchase of private sites. This made advantages of economies of scale to elude them, especially in the areas of research resulting in poor CE activities. Also, not many of these industries were listed on Nigerian Securities Exchange (NSE), thereby limiting amount of public funds available for research activities in these companies, and lastly, the three key variables/elements/Dimensions (Invention/Innovation, Proactiveness and Risk-taking) of Corporate Entrepreneurship were identified as channels through which Corporate Entrepreneurship (CE) can be promoted in Nigeria.},
 year = {2022}
}

Copy | Download

TY  - JOUR
T1  - Assessing Corporate Entrepreneurship in Conglomerates in Nigeria
AU  - Jegede Charles Tope
AU  - Irewole Oluwasefunmi Eunice
AU  - Olatunji Ibrahim
AU  - Jiboye Temitope
Y1  - 2022/03/12
PY  - 2022
N1  - https://doi.org/10.11648/j.ijsts.20221002.12
DO  - 10.11648/j.ijsts.20221002.12
T2  - International Journal of Science, Technology and Society
JF  - International Journal of Science, Technology and Society
JO  - International Journal of Science, Technology and Society
SP  - 27
EP  - 39
PB  - Science Publishing Group
SN  - 2330-7420
UR  - https://doi.org/10.11648/j.ijsts.20221002.12
AB  - The Government in Nigeria has of recent years raised the awareness of Entrepreneurship practices through the introduction of different entrepreneurship programmes among all forms of corporations including the Small & Medium Enterprises (SMEs) and conglomerates in the country; especially those manufacturing Corporations in the densely populated areas of the South western Nigeria. The Government has also raised entrepreneurship awareness among the citizenry by improving the accessibility to bank loans and also by including entrepreneurship courses in the curriculum of all post-secondary tertiary institutions in order to improve employability status of young graduates before they are recruited by the conglomerates. Unfortunately, mere observation of the Nigerian economy has not shown any improvement. Hence the need to assess the level of Entrepreneurial variables and Corporate Entrepreneurship (CE) in Conglomerates in South-western and Lagos industrial axes of Nigeria. Data were collected from primary and secondary sources. The variables/elements of Corporate Entrepreneurship (CE) were categorized into innovation/invention, risk-taking, and proactiveness. Corporate entrepreneurship in this paper is measured by behaviour and characteristics of the Chief Executive Officer (CEO) and the coalition group. Multi-stage sampling technique was adopted in selecting the sample population. Subsequently, the data generated were analysed with appropriate descriptive and inferential statistics. The findings showed that: Nigerian manufacturing industries were not highly entrepreneurial oriented. Though traces of innovations were observed, none for invention, Corporate Entrepreneurship (CE) practices among the top management team were dominated by men. This gender imbalance calls for further research in future; The paper discovered that poor infrastructural development repelled most industries away from industrial estates as most CEOs prefer outright purchase of private sites. This made advantages of economies of scale to elude them, especially in the areas of research resulting in poor CE activities. Also, not many of these industries were listed on Nigerian Securities Exchange (NSE), thereby limiting amount of public funds available for research activities in these companies, and lastly, the three key variables/elements/Dimensions (Invention/Innovation, Proactiveness and Risk-taking) of Corporate Entrepreneurship were identified as channels through which Corporate Entrepreneurship (CE) can be promoted in Nigeria.
VL  - 10
IS  - 2
ER  -

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