Authors :
Amah Cletus Okey
Volume/Issue :
Volume 9 - 2024, Issue 4 - April
Google Scholar :
https://tinyurl.com/mtzjy387
Scribd :
https://tinyurl.com/243sp285
DOI :
https://doi.org/10.38124/ijisrt/IJISRT24APR786
Abstract :
The significance of small and medium
enterprises to an economic development of a country
cannot be overemphasized. The growth of a business
depends on the development of abilities needed to
execute a smooth running of day business activities.
Research has established the fact that fast economic
growth of regions lies on the extent of trade activities in
the area. Given this established importance of enterprise,
this present study aims at empirically developing the
relationship between entrepreneurial creative thinking
and venture performance with specific reference to small
and medium scale firms in Port Harcourt metropolis.
Descriptive survey design was adopted and primary data
were used. The data collected were analyzed using mean,
aggregate mean, and Spearman rank correlation with
the aid of statistical package for social sciences, version
25. Findings shows that there is a significant and positive
relationship between psychomotor education (our proxy
for creative thinking) and profitability, as indicated by
p-value of at 0.05 level of significance. We conclude that
entrepreneurial creative thinking is an ingredient that
managers of small and medium enterprises deploy to
achieve maximum profit. Based on the empirical
findings and conclusion, we recommend that there
should be a need for policymakers to consider
developing small and medium enterprises, not only
through the provision of social amenities but also
development of public agenda for the acknowledgement
of creative thinking, skill development, and
prioritization of skills improvement for both expert and
non-expert business owners.
Keywords :
Entrepreneurial Creative Thinking, Profitability, Performance, Psychomotor Education, Small and Medium Enterprises.
The significance of small and medium
enterprises to an economic development of a country
cannot be overemphasized. The growth of a business
depends on the development of abilities needed to
execute a smooth running of day business activities.
Research has established the fact that fast economic
growth of regions lies on the extent of trade activities in
the area. Given this established importance of enterprise,
this present study aims at empirically developing the
relationship between entrepreneurial creative thinking
and venture performance with specific reference to small
and medium scale firms in Port Harcourt metropolis.
Descriptive survey design was adopted and primary data
were used. The data collected were analyzed using mean,
aggregate mean, and Spearman rank correlation with
the aid of statistical package for social sciences, version
25. Findings shows that there is a significant and positive
relationship between psychomotor education (our proxy
for creative thinking) and profitability, as indicated by
p-value of at 0.05 level of significance. We conclude that
entrepreneurial creative thinking is an ingredient that
managers of small and medium enterprises deploy to
achieve maximum profit. Based on the empirical
findings and conclusion, we recommend that there
should be a need for policymakers to consider
developing small and medium enterprises, not only
through the provision of social amenities but also
development of public agenda for the acknowledgement
of creative thinking, skill development, and
prioritization of skills improvement for both expert and
non-expert business owners.
Keywords :
Entrepreneurial Creative Thinking, Profitability, Performance, Psychomotor Education, Small and Medium Enterprises.
