EFFECTS OF ENTREPRENEUR KNOWLEDGE MANAGEMENT ON BUSINESS PERFORMANCE AMONG SMALL AND MEDIUM ENTERPRISES IN EKITI STATE, NIGERIA

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EFFECTS OF ENTREPRENEUR KNOWLEDGE MANAGEMENT ON BUSINESS PERFORMANCE AMONG SMALL AND MEDIUM ENTERPRISES IN EKITI STATE, NIGERIA

ABSTRACT: The study investigates the effect of Entrepreneur’s knowledge management on business performance among small and medium enterprises in Ekiti State, Nigeria. Specifically, the study examines effect of managerial operations and interpersonal communication on performance of small and medium scale enterprises (SMEs) in Ekiti State. Data were collected from a population of 8,286 small and medium enterprises selected from two senatorial districts in Ekiti State namely Ekiti South and Ekiti North. The sample size used for the study was 382 small businesses selected through multi-stage sampling technique. On the whole 186 and 196 SMEs were selected from each of the Ekiti South and Ekiti North Senatorial Districts respectively, totalling 382. Data collected were analysed using percentage, frequency count and multiple regression. Findings from the study indicates that the co-efficient of entrepreneurship managements, managerial operations, and   interpersonal communication is 0.408, with t=3.084 and P=0.002. These results shows positive correlation between small and medium business success in Ekiti State and managerial operations.  Also, the coefficient of 0.529 with a t-value of 10.699 shows a positive correlation between small and medium size business success and interpersonal communication. Based on the findings, the study concludes that a unit increase in entrepreneur’s knowledge management led to a significant and positive increase in performance of small and medium scale enterprises in Ekiti State, Nigeria. This implies that small business owners should endeavour to improve on their entrepreneurship skills, managerial operations and interpersonal communication with a view to increasing their business performance.

 

Keywords: Knowledge management, Entrepreneurship, Operation Management, Interpersonal Communication, Organisation Performance, Small and Medium Enterprises, Resource Based View

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