Technopreneurship and Clients Expansion: Lagos State Micro, Small and Medium Enterprises Experience

Abstract

Regardless of the context, micro, small and medium enterprises (MSMEs) continued to encounter challenges that threaten their performance in terms of expanding customer bases as such; this paper investigates the effect of technopreneurship dimensions on the client’s expansion of selected MSMEs in Lagos State, Nigeria. A survey research design was adopted and the population was comprised of 7,017 owners/managers from 6 purposively selected MSMEs technology hubs. A sample size of 475 owners/managers was determined using simple random sampling techniques adopted for the study. A validated and structured questionnaire was adopted for data collection after Cronbach’s alpha reliability coefficients were established. The findings revealed that the technopreneurship dimensions had a significant effect on client expansion with Adj.R2 = 0.424; F(5, 277) = 52.809, p < 0.05. The study recommended strengthening technopreneurial activities for clients' growth within the business ecosystem.

Keywords

• capabilities
• clients expansion
• enterprises experience
• innovativeness
• learning
• technology
• technopreneurship