Issues in Business Management and Economics
Vol.1 (8), pp. 208-217, December 2013
Article ID JBM056, 010 pages
Copyright © 2014 Author(s) retain the copyright of this article. Author(s) agree that this article remain permanently open access under the terms of the Creative Commons Attribution License 3.0 International License
Original Research Paper
An appraisal of technological entrepreneurship development programmes on the performance of selected SMES in Lagos- Nigeria
Accepted 1 November,2013
Akande, Olusola. O and *Oladejo, Moruf. O
Department of Management and Accounting, Faculty of Management Sciences, Ladoke Akintola University of Technology, Ogbomoso, Oyo State, Nigeria.
*Corresponding Author E-mail:firstname.lastname@example.org
Technological entrepreneurship development programme (TEDP) has been described as one of the instruments adopted by the Nigerian government to supports SMEs development in Nigeria. This paper assessed whether participation in technological entrepreneurial development programmes has positive impact on the performance of SMEs in Lagos state with a view to providing solution to issues and problems. Using multi-stage probability sampling technique, a sample of 240 respondent small businesses were selected from a list of 4,535 registered small businesses as provided by NASSMEs obtained from www.businessdayonline.com as at 27th of September 2013. Data collected were coded and analyzed using frequency table, percentage and mean score while non-parametric statistical test, ANOVA was used to test the formulated hypothesis using STATA 10 data analysis package. The result of the analysis and the hypotheses tested showed significant (F-value of 1381.56.) positive impact of technology entrepreneurship development programmes on the performance of the participating small businesses. It was concluded that participation by SMEs in TEDP will significantly improve their performance in terms of improved income level, business turnover, volume of production, business contact, growth level as well as reduced operating expenses and cost of production.The study is expected to of great benefits to SMEs, development agencies and policy makers.
Key words: SMEs, technological innovation; Lagos-Nigeria; technological entrepreneurship