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Assessing the impact of MSMEs entrepreneurial competency on transformational entrepreneurship in a developing economy

Odafe Martin Egere Orcid Logo, Gideon Maas Orcid Logo, Paul Jones Orcid Logo

Entrepreneurship & Regional Development, Volume: 37, Issue: 9/10, Pages: 1365 - 1384

Swansea University Author: Paul Jones Orcid Logo

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DOI (Published version): 10.1080/08985626.2025.2515288

Abstract

Previously, it was recognized that Micro, Small and Medium Enterprises (MSMEs’) entrepreneurial competencies (EC) play a critical role in supporting MSMEs’ systemic development. However, there is minimal literature regarding how MSMEs’ characteristics impact ECs in sustaining their systemic developm...

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Published in: Entrepreneurship & Regional Development
ISSN: 0898-5626 1464-5114
Published: Informa UK Limited 2025
Online Access: Check full text

URI: https://cronfa.swan.ac.uk/Record/cronfa69680
Abstract: Previously, it was recognized that Micro, Small and Medium Enterprises (MSMEs’) entrepreneurial competencies (EC) play a critical role in supporting MSMEs’ systemic development. However, there is minimal literature regarding how MSMEs’ characteristics impact ECs in sustaining their systemic development towards producing transformational entrepreneurship (TE). This study addresses this gap and provides an increased understanding of the phenomenon. In this correlational, quantitative study, the MSMEs characteristics and ECs were tested with data collected from 576 MSMEs using SPSS. The study found a positive correlation between the MSMEs’ characteristics and ECs. The study identified Nigerian MSMEs’ deficit of essential ECs (business ethics, business management, business strategy, financial management, marketing management, and opportunity identification). The study discussed how TE outcomes in Nigeria would assist theory and practice by focusing on ECs development. In addition, it offers potential benefits for developing economies with similar economic conditions. Future research opportunities are also identified.
Keywords: Developing economy; entrepreneurship competencies; MSMEs; transformational entrepreneurship; sustainable entrepreneurship; SSA
College: Faculty of Humanities and Social Sciences
Issue: 9/10
Start Page: 1365
End Page: 1384

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