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A critical analysis of the Nigerian entrepreneurial ecosystem on transformational entrepreneurship
Journal of Small Business Management, Pages: 1 - 32
Swansea University Author: Paul Jones
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DOI (Published version): 10.1080/00472778.2022.2123109
Previous research suggests that the entrepreneurial ecosystem (EE) support factors are critical for the systemic development of Micro, Small and Medium Enterprises (MSMEs). However, there is limited understanding of how MSMEs Owners/Manager's characteristics impact on their perspective of the E...
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Previous research suggests that the entrepreneurial ecosystem (EE) support factors are critical for the systemic development of Micro, Small and Medium Enterprises (MSMEs). However, there is limited understanding of how MSMEs Owners/Manager's characteristics impact on their perspective of the EE support factors for business development in Nigeria, a developing country. This article addresses this research gap to adopt a coherent approach to understanding the EE in supporting MSMEs to achieve transformational entrepreneurship (TE), which builds sustainable businesses for long-term societal benefits. The MSMEs characteristics alongside the EE factors were tested with 576 MSMEs in Nigeria. The MSMEs Owners/Manager's characteristics were positively correlated to their perspective of the EE support factors. The following specific EE factors were inadequate: access to finance, markets, resources, and policies and regulations. The findings are discussed in terms of TE in a Nigerian context although they offer potential insights for similar African economies.
Developing Economy, Entrepreneurship Ecosystem, MSMEs, Transformational Entrepreneurship, Sustainable Entrepreneurship.
Faculty of Humanities and Social Sciences