The integration of entrepreneurial orientation and dynamic capabilities in dynamic environment of small and medium enterprises (Nigeria’s export firms)

Abstract

Small and medium enterprises (SMEs) in developing countries most especially in Nigeria have performed below expectation in their important roles of promoting and developing economic growth. This poor performance has been of great concern and disturbance to all the stakes holders (government at all levels, professionals, public and private sectors and international agencies). Responses to this critical situation culminated to yearly budgetary allocation, favorable policies, favorable pronouncement incentives and regulations giving by local government, state government and federal government.These efforts and interest of different levels of government and even international agencies to make SMEs sub-sector to be vibrant and leave to their expectation indicated that the crucial roles of SMEs are recognized and acknowledged for nation’s building. However, the situation become more disturbing, confusing and critical when the degree of poverty, unemployment and hunger that SMEs supposed to reduce continue to increase at alarming rate, in spite of all drastic measures and incentives provided yearly.This study realized it is high time to proffer sustainable solutions to SMEs particularly, introducing entrepreneurial orientations and dynamic capabilities as key variables that are necessary to improve the export performance of SMEs, building on the previous literatures that suggested the need for strategic orientations in order to exact great effect on firm performance in dynamic environment and recommend renewal and reconfiguration for SMEs