Impact of Causation and Effectuation on Competitiveness among Nano Businesses in Nigeria
Globally, nano, micro, small, and medium businesses are known to stimulate industrialisation of national economies through their impactful and strategic contribution. However, less than 14% of nano businesses in Nigeria experienced growth and development, which has implications on the national econo...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Editura ASE
2024-02-01
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| Series: | Management and Economics Review |
| Subjects: | |
| Online Access: | https://mer.ase.ro/files/2024-1/9-1-6.pdf |
| _version_ | 1797316412868395008 |
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| author | Christopher Idemudia EBEGBETALE Abdul-Hameed Adeola SULAIMON Simeon Emezana IFERE |
| author_facet | Christopher Idemudia EBEGBETALE Abdul-Hameed Adeola SULAIMON Simeon Emezana IFERE |
| author_sort | Christopher Idemudia EBEGBETALE |
| collection | DOAJ |
| description | Globally, nano, micro, small, and medium businesses are known to stimulate industrialisation of national economies through their impactful and strategic contribution. However, less than 14% of nano businesses in Nigeria experienced growth and development, which has implications on the national economy and calls for concern. Therefore, this study examined whether causation and effectuation will have a positive significant influence on the competitiveness of nano businesses while integrating the theory of effectuation in these relationships. Cross-sectional data were collected from 255 owner-mangers of nano businesses through questionnaire survey instruments and analysed them through the technique of hierarchical regression of SPSS AMOS version 23 software. The analyses revealed that both causation and effectuation have positive significant influence on the competitiveness of nano businesses. The study concludes by acknowledging the role of causation approach in helping nano businesses set clear goals and efficiently allocate resources to achieve the goals and effectuation as an approach for pursuing opportunities during uncertainty to remain competitive. |
| first_indexed | 2024-03-08T03:18:02Z |
| format | Article |
| id | doaj.art-cbcf328fc0d5456381046ee7480ff8f9 |
| institution | Directory Open Access Journal |
| issn | 2501-885X |
| language | English |
| last_indexed | 2024-03-08T03:18:02Z |
| publishDate | 2024-02-01 |
| publisher | Editura ASE |
| record_format | Article |
| series | Management and Economics Review |
| spelling | doaj.art-cbcf328fc0d5456381046ee7480ff8f92024-02-12T14:16:22ZengEditura ASEManagement and Economics Review2501-885X2024-02-01919110310.24818/mer/2024.01-06Impact of Causation and Effectuation on Competitiveness among Nano Businesses in NigeriaChristopher Idemudia EBEGBETALE0https://orcid.org/0000-0002-2251-6804Abdul-Hameed Adeola SULAIMON1Simeon Emezana IFERE2Department of Business Administration, University of LagosDepartment of Business Administration, University of LagosDepartment of Business Administration, University of LagosGlobally, nano, micro, small, and medium businesses are known to stimulate industrialisation of national economies through their impactful and strategic contribution. However, less than 14% of nano businesses in Nigeria experienced growth and development, which has implications on the national economy and calls for concern. Therefore, this study examined whether causation and effectuation will have a positive significant influence on the competitiveness of nano businesses while integrating the theory of effectuation in these relationships. Cross-sectional data were collected from 255 owner-mangers of nano businesses through questionnaire survey instruments and analysed them through the technique of hierarchical regression of SPSS AMOS version 23 software. The analyses revealed that both causation and effectuation have positive significant influence on the competitiveness of nano businesses. The study concludes by acknowledging the role of causation approach in helping nano businesses set clear goals and efficiently allocate resources to achieve the goals and effectuation as an approach for pursuing opportunities during uncertainty to remain competitive.https://mer.ase.ro/files/2024-1/9-1-6.pdfcausationcompetitivenesseffectuationnano businessesuncertainty |
| spellingShingle | Christopher Idemudia EBEGBETALE Abdul-Hameed Adeola SULAIMON Simeon Emezana IFERE Impact of Causation and Effectuation on Competitiveness among Nano Businesses in Nigeria Management and Economics Review causation competitiveness effectuation nano businesses uncertainty |
| title | Impact of Causation and Effectuation on Competitiveness among Nano Businesses in Nigeria |
| title_full | Impact of Causation and Effectuation on Competitiveness among Nano Businesses in Nigeria |
| title_fullStr | Impact of Causation and Effectuation on Competitiveness among Nano Businesses in Nigeria |
| title_full_unstemmed | Impact of Causation and Effectuation on Competitiveness among Nano Businesses in Nigeria |
| title_short | Impact of Causation and Effectuation on Competitiveness among Nano Businesses in Nigeria |
| title_sort | impact of causation and effectuation on competitiveness among nano businesses in nigeria |
| topic | causation competitiveness effectuation nano businesses uncertainty |
| url | https://mer.ase.ro/files/2024-1/9-1-6.pdf |
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