EXTENT OF RISK-TAKING ORIENTATION AS A DETERMINANT FOR IMPROVED PERFORMANCE OF TVE ENTREPRENEURS IN SMALL AND MEDIUM SCALE ENTERPRISES IN ANAMBRA STATE

Abstract

performance of TVE Entrepreneurs in SMEs in Anambra state. One research question guided the study

and one hypothesis was tested at 0.05 level of significance. The study adopted descriptive survey

research design and population of the study is 2,698 TVE entrepreneurs of SMEs registered with

Ministry of Trade, Commerce and Industry in Anambra State as at 2022. The Taro Yemane’s formular

was used to determine a sample size of 348 which was used for the study. The instrument for data

collection was a researcher developed questionnaire structured on a four point scale. The instrument was

subjected to both face and content validity by three experts in the field. The internal consistency of the

instrument was determined using Cronbach’s Alpha method and a reliability coefficient of 0.81 was

obtained.

Mean was used to analyze data for the research question while t-test was used to test the hypothesis at

0.05 level of significance. The major findings of the study showed that Risk-Taking Orientation

improves performance of SMEs to a high extent. Again, the study revealed that there is no significant

difference in the mean responses of the respondents on the extent to which Risk-taking Orientation

improves SMEs in Anambra state based on age. It was recommended that government through their

different empowerment schemes should support the entrepreneurs by providing risk taking orientation

training to improve their competence in sustaining their start-up businesses