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Influence of Entrepreneurial Characteristics On Business Performance of SMES in Osun State
Influence of Entrepreneurial Characteristics On Business Performance of SMES in Osun State
ISSN No:-2456-2165
Table 4 presents the model summary. It shows that the H03: creativity does not affect competitive advantage
correlation coefficient r is .722 (i.e. r = 722) which indicates
that there exists a very strong positive linear relationship Table 7: Model Summary
between customer satisfaction (dependent variable) and Model R R Adjusted R Std. Error of the
vision (independent variable). It is also crystal clear from the Square Square Estimate
table above that the r2 which is the coefficient of 1 .882a .778 .774 8.073
determination is 0.521 approximately 52.1%. This implies
Source: Researcher’s computations 2023
(Constant) 1.199 .432 2.777 .006 [1]. Abdullahi, M. S., Abubakar, A., Aliyu, R. L., and
Deliberate Umar, M. B. (2015). Empirical Review on the
and cognitive .305 .061 .276 5.007 .000 Determinants Influencing Firm Performance in
creative Developing Countries. International Journal of
Scientific and Research Publications,5(6):1-10.
1 Deliberate [2]. Bakar, L. A., & Zainol, F. A. (2015). Vision,
and emotional .228 .076 .167 2.977 .003
creativity innovation, pro-activeness, risk-taking and
[3]. SMEs performance: A proposed hypothetical
Spontaneous relationship in Nigeria. International Journal of
and cognitive .161 .064 .141 2.518 .012
Academic Research in Economics and Management
creativity
Sciences, 4(1), 45-53.
Source: Researcher’s Computations, 2023 [4]. Beal, R.M, (2018). Competing Effectively:
Environmental Scanning Competitive Strategy
a. Dependent Variable: competitive advantage [5]. And Organizational Performance: The Small
Manufacturing Firms, Journal of Small Business
The table above shows the estimated coefficient of the Management, 22, 27-45.
variables included in the regression model, standard error, [6]. Chendo, N. A. (2013). Managers’ perception of
calculated t-value, and p-value. The coefficients of the environmental sustainability in small and medium
individual independent variable indicated that Deliberate scale enterprises (SMEs): Implication for competitive
and cognitive creativity (0.000), Deliberate and emotional marketing advantages for sachet water manufacturers