Leadership Styles, Entrepreneurial Orientation and Business Performance: Empirical Investigation of Small and Medium Enterprises in Osun State, Nigeria
Abstract
Fadeyibi, Isaac Olugbenga (PhD),SajuyigbeAdemola Samuel
This study sought to examine the relationship between leadership styles, entrepreneurial orientation, and performance of SMEs in Osun State, Nigeria. The data were collected from sixty (60) out of one thousand and twenty (1,020) Small and Medium Enterprises operators in Osogbo metropolis that registered with Osun State Ministry of Commerce and Industry in Osogbo metropolis, Osun State, Nigeria through a structured questionnaire. Data analysis was executed with the aid of Correlation and Linear regression. The results revealed that the relationship between transactional leadership, transformational leadership, entrepreneurial orientation, and business performance was positive and significant. It was also revealed that transformational leadership, transactional leadership, and entrepreneurial orientation independently have a significant impact on business performance respectively. It was concluded that leadership styles and entrepreneurial orientation of SMEs operatorsinfluenced the success and survival of SMEs in Osun State, Nigeria.
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