Vision, innovation, pro-activeness, risk-taking and SMEs performance: A proposed hypothetical relationship in Nigeria

LawanShamsu, Abu Bakar and Fakhrul Anwar, Zainol (2015) Vision, innovation, pro-activeness, risk-taking and SMEs performance: A proposed hypothetical relationship in Nigeria. International Journal of Academic Research in Economics and Management Sciences, 4 (1). pp. 45-53. ISSN 2226-3624

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Abstract

The paper aimed to examine the relationship of vision, innovation, proactiveness and risk-taking on SMEs performance in Nigeria. The methodology followed in order to achieve this objective is the review of related literature. The paper has found that SMEs are very important sector in the development of any economy and vision innovation, proactiveness and risk-taking are the vital ingredients for successful and outperformed SMEs. Part of the findings of this paper, there may a positive and significant relationship between vision, innovation, proactiveness and SMEs performance in Nigeria. The study recommends that empirical research need to be conducted to examine the extent of the relationship between vision, innovation, proactiveness and risk-taking on SMEs performance in Nigeria.

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