The Impact of Entrepreneurial Orientation on the Growth of Small and Medium Enterprises in Selected Towns in Namibia

Abstract

This research aimed to analyse the impact of entrepreneurial orientation on the growth of small and medium enterprises in selected towns in Namibia. The research approach was quantitative; the researchers used a closed-ended questionnaire for data collection whereby 200 questionnaires were distributed to the five towns in Namibia. Data generated from the study was analysed using various techniques such as inferential statistics, specifically the chi-squared method, regression, correlations, and ANOVA was used to check the goodness of fit. To answer the research question, two hypotheses were tested.

 The findings from the regression analysis revealed that certain aspects of innovativeness of the Owners/Managers such as attitude towards inventing new uses for daily objects and old ways of doing things have a positive relationship with SME growth and, risk-taking has a weak positive relationship with SME growth in the five selected towns in Namibia. The results from the hypothesis tested revealed that all the variables such as innovation, pro-activeness, and risk-taking have a relationship with SMEs' growth in the five towns in Namibia. Recommendations were made based on the findings.