Corporate Entrepreneurship and Firm Performance of Construction Companies in Port Harcourt
DOI:
https://doi.org/10.47941/jepm.2102Keywords:
Corporate Entrepreneurship, Competitive Aggressiveness, Autonomy, Productivity, Delivery Performance, Firm PerformanceAbstract
Purpose: This study examined the relationship between corporate entrepreneurship and firm performance of construction companies in Port Harcourt. Competitive aggressiveness and autonomy were used as proxies for corporate entrepreneurship as independent variables while firm performance was proxied with productivity and delivery performance as dependent variables.
Methodology: Four hypotheses guided the study which adopted a cross-sectional research design with purposive sampling technique used to select a sample size of 130 general managers, marketing managers, human resource managers and project managers in 26 construction companies in Port Harcourt registered with the FINELIB Nigeria Business Directory. Structured questionnaire was used to collect primary data and the responses were collated on a five-point Likert scale. The data were analysed using descriptive statistics, and the hypotheses were evaluated using the Spearman Rank Correlation Coefficient with SPSS version 23.0.
Findings: The findings showed that corporate entrepreneurship had a strong and significant relationship with firm performance of construction companies in Port Harcourt. In particular, competitive aggressiveness and autonomy had strong and positive linear associations with both productivity and delivery performance when tested at 0.05 level of confidence. It concluded therefore that it is important that construction companies in Port Harcourt should adopt corporate entrepreneurship in the areas of competitive aggressiveness and autonomy in order to improve their performance.
Unique Contribution to Theory, Policy and Practice: It is recommended that construction companies in Port Harcourt should compete aggressively and improve upon the autonomy in their decision-making if they are to achieve higher levels of firm performance
Downloads
References
Abdullahi, U., Kunya, S. U., Bustani, S. A., & Usman, N. (2019). Impact of competitive aggressiveness on performance of small and medium construction companies in Nigeria. FUTY Journal of the Environment, 13(1), 65–75.
Abosede, A; Fayose, J & Eze, B. U (2018). Corporate entrepreneurship and international performance of Nigerian banks, Journal of Economics and Management 32(32), 5-17
Acs, Z. J., Braunerhjelm, P., Audretsch, D. B., & Carlsson, B. (2009). The knowledge spillover theory of entrepreneurship. Small business economics, 32, 15-30.
Acs, Z., Åstebro, T., Audretsch, D., & Robinson, D. T. (2016). Public policy to promote entrepreneurship: a call to arms. Small business economics, 47, 35-51.
Adderson, O. & Muller, C. (2003). Innovation in large and small firms. An empirical analysis, American Economic Review, 78, 678-690.
Adeiza, A., Marissa, M., Malek, A., & Ismail, N. A. (2016). Influence of competitive aggressiveness and autonomy on franchisees’ outlet performance and overall satisfaction: A qualitative analysis. European Journal of Business and Management, 8(34), 62–85.
Adiele, L. C., & Onuoha, B. C. (2023). Corporate entrepreneurship and task performance of SMES in Rivers State. International Academy Journal of Management, Marketing and Entrepreneurial Studies. 10(1), 71-83
Ali, M. M. A. (2011). A framework for enhancing the success of construction projects undertaken in Libya. Unpublished doctoral dissertation, Sheffield Hallam University.
Anil, A., & Danielraj, R. C. (2016). Analyze the causes and minimize the occurrence of rework in construction project. International Journal of Innovative Research in Science, Engineering & Technology, 5(4), 6464-6467.
Aremu O. & Oyinloye R., (2014) Success and failure of Micro business Owners in Africa: A psychological approach.
Bob-Manuel, I. V. (2024). Corporate entrepreneurship and firm performance of SMEs in Rivers State. International Journal of Business & Entrepreneurship Research, 14(11), 19-32
Brous, P., Janssen, M., & Herder, P. (2019). Internet of Things adoption for reconfiguring decision-making processes in asset management. Business Process Management Journal, 25(3), 495-511.
Chan, A. P., & Tam, C. M. (2000). Factors affecting the quality of building projects in Hong Kong. International Journal of Quality & Reliability Management, 17(4/5), 423-442.
Chibuzo, E. V., Onuoha, B. C., & Nwede, I. (2017). Globalization and performance of manufacturing firms in Port Harcourt'. Globalization, 3(11).
Coleman, R. O. (2019). Aggressiveness and organizational resilience in the mobile telecommunication firms in Rivers State: An unpublished thesis submitted to the postgraduate school, Department of Management, Rivers State University, Nigeria
De Winnaar, K., & Scholtz, F. (2020). Entrepreneurial decision-making: new conceptual perspectives. Management Decision, 58(7), 1283-1300.
Dess, G. G., Lumpkin G. T. & Covin J. G. (1997). Entrepreneurial strategy making and firm performance: Tests of contingency and configurational models. Strategic Management Journal, 18(9), 677-695.
Escribá-Carda, N., Revuelto-Taboada, L., Canet-Giner, M. T., & Balbastre-Benavent, F. (2020). Fostering intrapreneurial behavior through human resource management system Baltic Journal of Management, Emerald Group Publishing Limited. 15(3), pp. 355-373(19) DOI: https://doi.org/10.1108/BJM-07-2019-0254
Evans, D., & Jovanovic, B. (2016). An estimated model of entrepreneurial choice under liquidity constraints, The Journal of Political Economy, 97, 808-827.
Hatta, I. H. (2014). Analysis of the influence of innovation, risk taking, autonomy, and proactive reactions to the marketing capability of regional culinary SMEs in Jabodetabek. Journal of Marketing Management, 8(2), 90–96.
Hughes, M. & Morgan R. E. (2007). Deconstructing the relationship Between entrepreneurial orientation and business performance at the embryonic stage of firm growth. Industrial Marketing Management, 36(5), 651-661.
Ijeoma, O. A., & Onuoha, B. C. (2018). Corporate entrepreneurship and organizational performance of the banking sector in Rivers State. International Journal of Advanced Academic Research| Social & Management Sciences, 4(5).
Kazlauskaitė, R., Autio, E., Gelbūda, M., & Šarapovas, T. (2015). The resource-based view and SME internationalisation: An emerging economy perspective. Entrepreneurial Business and Economics Review, 3(2), 53-64.
Kotane, I., & Kuzimina-Merlino, I. (2017). Analysis of small and medium sized enterprises’ business performance evaluation practice at transportation and storage services sector in Latvia Procedia Engineering, 178, 182–191
Kyrgidou, L. P., & Hughes, M. (2010). Strategic entrepreneurship: origins, core elements and research directions. European Business Review, 22(1), 43-63.
Li, Y.H., Huang, J.W & Tsai, M.T. (2009). Entrepreneurial orientation and firm performance, the role of knowledge creation process. Industrial Marketing Management, 38(4), 440-449.
Lonial, S. C., & Carter, R. E. (2015). The impact of organizational orientations on medium and small firm performance: A resource‐based perspective. Journal of Small Business Management, 53(1), 94-113.
Lumpkin, G. T., C. C. Cogliser & D. R. Schneider (2009). Understanding and measuring autonomy: An entrepreneurial orientation perspective. Entrepreneurship Theory and Practice: 47-69
Nnadi, K. U., & Oko, A. E. N. (2021). The impact of lean inventory management practices on firm performance: A study of selected oil and gas companies in Rivers State, Nigeria. International Journal of Research and Scientific Innovation, 8(3), 123-135.
Oladimeji, A; Abosede, B.U and Eze, M.S, (2019). Corporate entrepreneurship and service firms’ performance in nigeria: economic review. Journal of Economics and Business, 17(1), 1-15
Roundy, P. T., & Bayer, M. A. (2019). Entrepreneurial ecosystem narratives and the micro-foundations of regional entrepreneurship. The International Journal of Entrepreneurship and Innovation, 20(3), 194-208.
Sánchez-Gutiérrez, J., Cabanelas, P., Lampón, J. F., & González-Alvarado, T. E. (2019). The impact on competitiveness of customer value creation through relationship capabilities and marketing innovation. Journal of Business & Industrial Marketing, 34(3), 618-627.
Syaifullah, J., Syaifudin, M., Sukendar, M. U., & Junaedi, J. (2021). Social media marketing and business performance of MSMEs During the COVID-19 Pandemic. Journal of Asian Finance, Economics and Business, 8(2), 523–531.
Tipu, S. A. A., & Fantazy, K. (2018). Exploring the relationships of strategic entrepreneurship and social capital to sustainable supply chain management and organizational performance. International Journal of Productivity and Performance Management, 67(9), 2046-2070.
Werthes, D., Mauer, R., & Brettel, M. (2018). Understanding challenges and entrepreneurial self-efficacy during venture creation for entrepreneurs in cultural and creative industries. International Journal of Entrepreneurship and Small Business, 33(2), 265-288.
Yumhi, Y., Martoyo, D., Tunnufus, Z, & Timotius, E. (2021). Determinant factors of the performance of higher institutions in Indonesia. Journal of Asian Finance, Economics and Business, 8(2), 667–673.
Ziyae, B., & Sadeghi, H. (2020). Exploring the relationship between corporate entrepreneurship and firm performance: the mediating effect of strategic entrepreneurship. Baltic Journal of Management, 16(1), 113-133.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2024 Godwin Poi
![Creative Commons License](http://i.creativecommons.org/l/by/4.0/88x31.png)
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution (CC-BY) 4.0 License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.