FACTOR INFLUENCING ENTREPRENEURIAL COMPETENCIES ON THE PERFORMANCE OF SMES: A MODERATING ROLE OF ENTREPRENEURIAL PASSION

Business

Small and medium enterprises are the major bedrock of economic development of every Nation, but SMEs in Nigeria are surrounded with many challenges, which made business formation and activities in Nigeria becomes more multipart and competitive, this has made the environment too hash for small business struggle which consequential made SMEs fail in the Nigeria. However, small business owners and entrepreneurs need to device other means and approaches to survive in the deteriorating economy. This study is aim to proposed a conceptual model using Competency Theory, in order to review the entrepreneurial competencies that are needed by the entrepreneurs and to identify some strategies to strive in the Nigerian economy. The research work climaxes the conceptualization and collaboration between entrepreneurial competencies and SMEs performance through four discrete routes: entrepreneurial awareness, entrepreneurial motive, entrepreneurial skills and entrepreneurial passion as a moderator.

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.