Relevance of Entrepreneurial Orientation Strategy to Cooperative Business Organizations in Nigeria
Journal: Izvestiya Journal of Varna University of economics (Vol.64, No. 4)Publication Date: 2020-11-16
Authors : Nurudeen Afolabi Sofoluwe;
Page : 415-429
Keywords : cooperatives; entrepreneurial orientation; market competition; SEM;
- Relevance of Entrepreneurial Orientation Strategy to Cooperative Business Organizations in Nigeria
- Study of Entrepreneurial Orientation, Managerial Ability Business Strategy on Business Growth in Sulawesi Tenggara
- Moderating Business Environment Influence on Individual Entrepreneurial Competence and Entrepreneurial Orientation Toward Business Performance
- The Relevance of the Statement of Cash Flows in the Decision Making of Business Organizations: The Experience of the Banking Industry in Nigeria
- EFFECT OF ENTREPRENEURIAL ORIENTATION ON BUSINESS PERFORMANCE
Abstract
This study examines the relevance of entrepreneurial orientation (EO) strategies to the success of cooperative business organizations. Primary data were collected through structured questionnaire from randomly sampled cooperative organizations. The data covered organizational characteristics, entrepreneurial orientation and performance of the cooperative firms. Descriptive analysis and structural equation model (SEM) were used to analyze the data. The findings show that entrepreneurial capacity of cooperative organizations to unlock prevailing market strategies is high. However, their level of aggressiveness for enhanced market competitiveness is low. Strong proclivity for high risk business is also low. The competitive aggressiveness of cooperative organization is found to be non-existent in the entrepreneurial framework. The findings suggest the need for review of business strategies of most cooperative entities.
Other Latest Articles
- Corporate Governace and Value Relevance of Financial Statement of Nigerian Listed Consumer Goods Firms
- Board Diversity and Sustainability Reporting: Evidence from Industrial Goods Firms
- A Crisis Within the Crisis: The Impact of Covid-19 and Brexit On Supply Chains in the Pharmaceutical Industry
- Reasons to Return During Global Pandemic: The Bulgarian Case
- Wine Purchasing Drivers of Young Bulgarians - an Empirical Study
Last modified: 2020-11-16 20:33:29