Assessment of the Competitive Aggressiveness and Risk-taking Propensity of Small and Medium Enterprises in Southwest Nigeria
The Study examined the extent of the competitive aggressiveness and risk taking propensity of SMEs in Southwest Nigeria. The study adopted a descriptive survey research design. Primary data was employed for the study. The study population comprises of 26744 SMEs in South western Nigeria (NBS-SMEDAN, 2017 Report). A sample size of 394 derived using the Taro Yamani (1967) formula for sample size determination was used for the study. Multi stage sampling technique was used to select the sample size for the study. The descriptive statistics using means revealed the mean score of competitive aggressiveness and risk taking propensity to be moderately high (Mean score:( CAG= 3.75, RTK = 3.74). The total value of the mean for both competitive aggressiveness and risk taking was 3.75. This shows that the competitive aggressiveness and risk taking propensity of SMEs in Southwest is high. Premise on the findings, the study concluded that the competitive aggressiveness and risk taking propensity of SMEs in Southwest Nigeria is moderately high.
Keywords: Competitive aggressiveness, Risk taking propensity Entrepreneurship, Enterprise
Citation: , & Akinlo, I. (2025). Assessment of the Competitive Aggressiveness and Risk-taking Propensity of Small and Medium Enterprises in Southwest Nigeria. International Journal of Innovative Research in Accounting and Sustainability, 10(1), 55-65.