Corporate Entrepreneurship and Performance of Some Selected Manufacturing Firms in Nigeria
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Abstract
7k fact that at every slight shake in both the local and global economy the manufacturing industry is faced with a near collapse state was the problem that motivated this paper. This paper was on the effect of corporate entrepreneurship on performance of some selected manufacturing firms in Nigeria. The paper relied on relevant literatures for it conceptual, empirical and theoretical underpinning. The study adopted a quantitative approach to the research problem using a survey research design. The population of this study comprised 85 managers drawn from: Royal Noodles and Chuck Nyong manufacturing industries, Maraba Nasarawa state. The sample size is 70 and was determined using Taro Yamane formula. The study adopted a stratified random sampling technique. The study used a primary data source. The method of collection was using a questionnaire. The instrument was a 20 scale item designed using a five point likert scale. The researcher adopted a content validity to measure validity. Further, the study carried out a reliability analysis with cronbach alpha method of internal consistency and a reliability index between 0.72 -0.87 were obtained. Multiple regression technique was used to test the hypotheses formulated at 0.05 level of significance with the aid of SPSSv23. The study concludes that corporate entrepreneurship has significant effect on performance of manufacturing firms in Nasarawa State. The study recommends among others that manufacturing firms should be proactive, however, cautious in been proactive, as the positive relationship does not necessarily translate to benefit.