Corporate entrepreneurship and firms' performance in the manufacturing sector in Nigeria

Oghojafor, Ben E. Akpoyomare; Kuye, O.L.; Sulaimon, A.A.

doi:10.1504/ijbg.2011.038489

Cited by 4 publications

(3 citation statements)

References 41 publications

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“…Covin and Wales (2005) established that entrepreneurship is a key ingredient of organizational success and profitability, and it is empirically proven to lead to higher profit performance. On the other hand, Abubakar (2016), Otache and Mahmood (2015), Olawoye (2016), Oghojafor, Kuye and Sulaimon (2011), Tsado and Gunu (2016) found that entrepreneurial orientationnegatively affects firm profitability. On the contrary, Auka and Keraro (2014) study on corporate entrepreneurship components and market share in the retail banking sector.…”

Section: Entrepreneurial Orientation Components and Profitabilitymentioning

confidence: 99%

Effect of Entrepreneurial Orientation on Profitability of Selected Quoted Consumer Goods Manufacturing Companies in Nigeria

Babatunde¹,

Okusanya²

2021

theijbm

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Consumer goods manufacturing industry managers find it challenging and difficult in constantly and continuously achieving targeted business performance indicators like profitability, market share, sales growth, competitive advantage and productivity resulting from global economic activities, unstable economic factors and open market competition challenges that are characterized with the consumer goods manufacturing industry. Deloitte Report (2020) showed that the deterioration in overall performance of consumer goods firms cuts across developed world. In emerging economies like China, Singapore, and Malaysia, Deloitte Report (2020) reported that consumer goods companies like food and beverages companies account for decline in profitability, low market share due to global competition and open market policies in China and Singapore. Like other developing regions, Nigeria consumer goods manufacturing industry has long been associated with substantial gaps in port, road, power infrastructure, poor supply network, high cost of manufacturing processes, input and output; not to mention its notoriously high levels of corruption and bureaucratic restrictions, which increase the cost of distribution and investment, thus cause the rundown of performance indicators such as profitability, market share, sales growth, competitive advantage and productivity in the Nigeria consumer goods manufacturing industry (Manufacturing Association of Nigeria (MAN), 2019).Ojeleye, Opusunju, and Abdullahi (2020) emphasized that part of the factor hindering growth and continuous performance in Nigeria consumer goods manufacturing industry relates to poor quality and non-availability of inputs in the local market, such as raw materials and equipment as well as limited size of the domestic market for manufactured products. One of the most widely used constructs to assess firm entrepreneurship is entrepreneurial orientation (EO) (Rezaei&Ortt, 2018). A firm is considered to be entrepreneurial if it is innovative, proactive and risk-taking and firm Akpa, Victoria O.

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Section: Entrepreneurial Orientation Components and Profitabilitymentioning

confidence: 99%

Effect of Entrepreneurial Orientation on Profitability of Selected Quoted Consumer Goods Manufacturing Companies in Nigeria

Babatunde¹,

Okusanya²

2021

theijbm

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“…Environmental scanning can encourage entrepreneurial behaviour of firms in terms of taking risk, being proactive and innovative. The ability of firms to cope with uncertainty and behave entrepreneurially is a function of the intensity of their scanning efforts (Oghojafor et al, 2009). Kukalis (1989) in Kemelgor (2002) suggests the need for firms in a rapidly changing business environment to adopt flexible planning.…”

Section: Introductionmentioning

confidence: 99%

Entrepreneurial Game Theoretic Approach to Planning Flexibility and Environmental Scanning

Kuye¹,

Bankole²,

Oghojafor³

2013

IBR

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This study focuses on planning flexibility and environmental scanning from the standpoint of corporate entrepreneurship, as represented by Top management. Game theory was applied in this study. In doing this, the problem was viewed from a “worst case design concept” which can be summarised as follows: The intrapreneur (the entrepreneur within a firm or corporate entrepreneurs) wishes to minimise the cost of operation while the environment tries to maximize the cost of operation. Hence, we introduce a cost functional, which is the cost of risk faced by the intrapreneur. We assume that the entrepreneur can apply flexibility in planning, hence denote this as control, while the environment that is needed to be scanned is denoted as uncertainty. The model of game is applied to allow for saddle point (a point where there is no ‘gain’ no ‘loss’) solution. The implication of this is that for a saddle point to exist in a “worst case” situation, the intrapreneur is likely to breaking-even. Thus, a proper mathematical treatment is given for such a game problem

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“…Lagos state was considered because it is undoubtedly the commercial hub of Nigeria, with the largest concentration of industries (Iwugo, D'Arcy and Andoh, 2003), and over 55 percent of manufacturing firms in Nigeria have their head offices located in Lagos state (MAN, 1994;MAN, 2003;MAN, 2006). Therefore, Lagos offers an attractive place for the study (Oghojafor, Kuye and Sulaimon, 2011).…”

Section: Introductionmentioning

confidence: 99%

Scenario Planning as a Recipe for Corporate Performance: The Nigerian Manufacturing Sector Experience

Kuye¹,

Oghojafor²

2011

IJBM

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As organisations struggle to deal with an increasingly uncertain world, they are looking to their managers to find ways in helping them to prepare for possible futures. Many organisations now apply scenario planning methods as means of evaluating their effectiveness and performance under different sets of assumptions about the future. This study investigates the relationship between scenario planning and corporate performance in the manufacturing sector in Nigeria. A survey research method was used to generate data from a sample of manufacturing firms in Nigeria on scenario planning and corporate performance variables. Responses from the survey were statistically analyzed using descriptive statistics, product moment correlation, regression analysis and Z-test (approximated with the independent sample t-test). The results of the study indicate a statistical significant relationship between scenario planning and corporate performance as well as reveal a significant difference between the performance of firms whose scenario planning are low and the performance of firms whose scenario planning are high. The research findings provide insights regarding how the interaction between scenario planning and corporate performance would assist the growth and development of the manufacturing sector in Nigeria.

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Corporate entrepreneurship and firms' performance in the manufacturing sector in Nigeria

Cited by 4 publications

References 41 publications

Effect of Entrepreneurial Orientation on Profitability of Selected Quoted Consumer Goods Manufacturing Companies in Nigeria

Effect of Entrepreneurial Orientation on Profitability of Selected Quoted Consumer Goods Manufacturing Companies in Nigeria

Entrepreneurial Game Theoretic Approach to Planning Flexibility and Environmental Scanning

Scenario Planning as a Recipe for Corporate Performance: The Nigerian Manufacturing Sector Experience

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