Dynamic Capabilities and Entrepreneurship Growth of Selected Small and Medium Enterprises (SMEs) In Ibadan Southwest Local Government Oyo State, Nigeria

Abstract

The study investigates dynamic capabilities and entrepreneurship growth among selected small and medium enterprises (SMEs) in Ibadan  Southwest Local Government, Oyo State, Nigeria. This study adopts survey research design in which primary source of data is used in carrying out  this study. A total number of one hundred and twelve (112) questionnaires out of one hundred and sixteen (116) was completely filled and returned  as the sample size of this research study. The data collected are tested and analyzed using descriptive statistics, multiple regression and correlation  coefficients which reveal that the overall regression model is fit with aid of SPSS. The finding indicates that there is significant relationship between  dynamic capabilities and entrepreneurship growth. Results showed that there is no significant relationship between sensing capabilities and  entrepreneurship growth (R2 = 0.723, F-statistic = 28.098, β = 11.437, t = 13.221, p<.05); and there is no significant relationship between seizing  capabilities and entrepreneurship growth (R2 = 0.650, Fstatistic = 21.296, β = 0.804, t = 15.678, p<.05). The study concluded that entrepreneurship  growth success arises in knowing which capabilities are important to SMEs in terms of daily survival and which are necessary for a sustainable  competitive advantage is critical to the ongoing viability of the firm growth. The study therefore recommends among other that SMEs must pay  attention to dynamic capabilities that are superior to basic abilities and monitor the changing environment.