Technopreneurship and Clients Expansion: Lagos State Micro, Small and Medium Enterprises Experience

Regardless of the context, micro, small and medium enterprises (MSMEs) continued to encounter challenges that threaten their performance in terms of expanding customer bases as such; this paper investigates the effect of technopreneurship dimensions on the client’s expansion of selected MSMEs in L...

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Bibliographic Details
Main Authors: Ahmed Adeniyi OJIKUTU, Johnson A. EGWAKHE, Victoria AKPA, Folorunso I. AKANDE
Format: Article
Language:English
Published: Editura ASE 2023-06-01
Series:Management and Economics Review
Subjects:
Online Access:https://www.mer.ase.ro/files/2023-2/8-2-2.pdf
Description
Summary:Regardless of the context, micro, small and medium enterprises (MSMEs) continued to encounter challenges that threaten their performance in terms of expanding customer bases as such; this paper investigates the effect of technopreneurship dimensions on the client’s expansion of selected MSMEs in Lagos State, Nigeria. A survey research design was adopted and the population was comprised of 7,017 owners/managers from 6 purposively selected MSMEs technology hubs. A sample size of 475 owners/managers was determined using simple random sampling techniques adopted for the study. A validated and structured questionnaire was adopted for data collection after Cronbach’s alpha reliability coefficients were established. The findings revealed that the technopreneurship dimensions had a significant effect on client expansion with Adj.R2 = 0.424; F(5, 277) = 52.809, p < 0.05. The study recommended strengthening technopreneurial activities for clients' growth within the business ecosystem.
ISSN:2501-885X