Masterarbeit, 2017
84 Seiten, Note: 4.07
This study aims to investigate the relationship between entrepreneurial orientation and financial performance of SMEs in the Sekondi Takoradi Metropolis. The research seeks to determine the extent to which specific entrepreneurial orientation practices, namely risk-taking propensity, innovativeness, competitive aggressiveness, and proactiveness, impact the financial performance of these firms.
This chapter introduces the background of the study, outlining the significance of entrepreneurial orientation in SME success. It also presents the problem statement, objectives, research question, justification, scope, methodology, limitations, and organization of the thesis.
This chapter provides a comprehensive review of relevant literature pertaining to entrepreneurial orientation and its impact on financial performance, including theoretical frameworks, empirical studies, and existing research findings.
Entrepreneurial Orientation, Financial Performance, SMEs, Risk-Taking Propensity, Innovativeness, Competitive Aggressiveness, Proactiveness, Sekondi Takoradi Metropolis.
The study found that risk-taking propensity, innovativeness, and competitive aggressiveness have a significant positive effect on the financial performance of SMEs.
The study focused on owner-managers of small and medium-scale enterprises in the Sekondi Takoradi Metropolis.
Data was analyzed using SPSS version 20, employing regression, percentages, mean, and standard deviation based on 118 received responses.
The research examined risk-taking propensity, innovativeness, competitive aggressiveness, and proactiveness.
The findings provide inputs for policy creation related to entrepreneurship and help in bridging the success gap for businesses in developing countries.
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