Research On The Relationship Among Corporate Entrepreneurship,Entrepreneurial Orientation And Firm Performance In Ghanaian SMEs

SMEs are very important players to the growth of Ghanaian socio-economic.Since the past decade,it is no surprise that Ghana enjoys a growing and booming economy attribute most of their achievements to a flourishing SMEs sector.Aside from being recognized as productive drivers of economic growth,development,and being important sources of employment and income in Ghana.SMEs in their resilient nature has a versatility to refashion market conditions,making them more suited to bear recurrent downturns.The scattering of SMEs across the country likewise promotes dispersion of income and initiates additional value in production and raw materials,even as,they realize proficiency in domestic markets.Corporate entrepreneurship is a crucial element in organizational and economic development due to its beneficial effects on the revitalization and firm performance.Scholars have shown particular interest in understanding the phenomenon as they described its role in achieving higher levels of performance,growth,profitability,and competitive advantage.One challenges SMEs encounter in undertaking corporate entrepreneurship is generating new knowledge to do different things or things differently within existing organization.Recently,it also has hinted at the importance of SMEs externally oriented capabilities to adapt in a different situation in stimulating corporate innovative activities.These factors can be enabling for SMEs to more effectively combine internal and external knowledge sources for entrepreneurial purposes.While Entrepreneurship orientation has certainly received increasing attention,it is less understood in relation to corporate entrepreneurship as inter-dependent variables.Entrepreneurship orientation helps companies make the best strategic decisions with corporate entrepreneurship on increasing potent solution,creating new business models and building new businesses on an ongoing basis.In essence,corporate entrepreneurship activity inherent within corporate borders raises Entrepreneurship orientation awareness and firm performance.It affords the organization the impetus for coping with a variety of simulated strategies and options in the competitive expertise sector in which the organization finds itself.Breeding the entrepreneurship activity within corporate entrepreneurship also leads the organization to new and innovative ways of responding the level of orientation that enhances the potential for growth as well as contributing to the organization's performance through maximizing utilization of the inherent internal capacities and deriving a strategic therefrom.This research dissertation presents a study which increases the understanding of how SMEs in Ghana can develop and enhance entrepreneurial and encourage entrepreneurial activity within organizational boundaries and lack of resources.By introducing different methodologies about “corporate entrepreneurship-entrepreneurship orientation--firm performance” and “entrepreneurship orientation--environmental dynamism--firm performance” to evaluate the linkage among those four variables;In this paper,we measured entrepreneurship orientation into three dimensions categories namely,innovativeness,risk-taking and pro-active,and a single dimension measurement of corporate entrepreneurship,firm performance and environmental dynamism.Building on the attention-based view,this study analyzed the relationship between corporate entrepreneurship,entrepreneurship orientation and firm performance of SMEs in Ghana.The hypothesis are proved through data collected from the Global Entrepreneurship Monitor(GEM),the International Monetary Fund(IMF),and the Doing Business project.Several statistical techniques are used in this thesis namely: descriptive analysis,reliability analysis,validity analysis,correlation analysis and regression analysis.First,the effect of corporate entrepreneurship on firm performance has been proved,this conclusion shows that corporate entrepreneurship stimulates firm abilities to engage in product development and adjust productions level.Secondly,the test verifies that corporate entrepreneurship can have a positive influence on entrepreneurship orientation.The three dimensions of entrepreneurship orientation innovativeness,risk-taking and pro-active are all validated as well.Thirdly,the test proves that entrepreneurship orientation plays a mediating role between corporate entrepreneurship and firm performance.The conclusion shows that corporate entrepreneurship fosters a corporate-oriented culture that facilitates entrepreneurship orientation hat leads to greater firm performance.At the same time,entrepreneurship orientation plays an intermediary role as the transition process from corporate entrepreneurship to firm performance.Finally,the findings show that environmental dynamism acts as a moderator between entrepreneurship orientation and performance.The conclusion shows that environmental dynamism has a positive influence on the moderation between entrepreneurship orientation and firm performance.Further form or subsequent steps,such as implementation and assessment directly affect firm performance.This study will contribute to the theory of entrepreneurial management,provide new details,and complete the gaps of empirical research on the nexus between the variables studied;as we cited Corporate entrepreneurship,entrepreneurship orientation,environmental dynamism and firm performance.Moreover,this paper will help Ghanaian SMEs to take in the responsibility of Corporate entrepreneurship effect on firm performance,grasp the importance of corporate entrepreneurship and entrepreneurship orientation on firm performance,pinning the impact of environmental dynamism on pioneering firm performance.Enable SMEs to nurture corporate entrepreneurship,to give organizations empowerment tool for entrepreneurial orientation attitude,and pave a path for firm performance.