Critical Success Factors for Corporate Entrepreneurship Development in Selected Organizations in South-West Nigeria
No Thumbnail Available
Date
2017-11
Journal Title
Journal ISSN
Volume Title
Publisher
The Pacific Journal of Science and Technology
Abstract
Corporate entrepreneurship is crucial to the
survival of organizations in the face of stiff global
competition. This study seeks to examine the
Critical Success Factors for Corporate
Entrepreneurship Development in Selected
Organizations in South-west Nigeria. The specific
objective was to examine the relationship between
management support for corporate
entrepreneurial development and corporate goals
achievement in the fast moving consumer goods
companies in South-west Nigeria. Two hundred
and five (205) respondents were sampled from
middle management to executive level within
consumer goods sector in South-west Nigeria.
The sampled companies are Nigerian Breweries,
Guinness Nigeria, Pepsi, Coca-Cola, Unilever
Nigeria, PZ Cussons, Flour Mills of Nigeria Plc.,
Cadbury Nigeria Plc., Dangote Group Industries
(flour mills). Primary source of data, using
structured questionnaires was employed to collect
relevant data for this study. Findings from the
study revealed that rewards for corporate
entrepreneurship (Pearson Correlation = .958,
p<0.001), support for corporate entrepreneurship
(Pearson Correlation = .947, p<0.001),
empowered, autonomous employees (Pearson
Correlation = .910, p<0.001), supportive
organizational structure and organizational
boundaries (Pearson Correlation = .824, p<0.001)
and time and resource availability (Pearson
Correlation = .814, p<0.001) have statistically
significant relationship with corporate goal achievement. The study therefore recommended
that management should concentrate more on
strategic leadership and support to enhance
corporate goal achievement.
Description
Keywords
entrepreneurship training, organizational survival, management support, industry
Citation
Adeoti, J. O., Oludele, M. A., Olawale, Y.A. and Mulikat, A. (2017): “Critical Success Factors for Corporate Entrepreneurship Development in Selected Organizations in South-West Nigeria”. The Pacific Journal of Science and Technology, A Publication of the Akamai University. 18(2): 187 – 198