ENTREPRENEURIAL RESILIENCE AND VENTURE PERFORMANCE OF PLASTIC FIRMS IN RIVERS STATE, NIGERIA

Abstract

The study examined the relationship between entrepreneurial resilience and venture performance of plastic firms in Rivers State, Nigeria. The objectives of the study were to examine how dimensions of entrepreneurial resilience interact with venture performance of plastic firms in South-South, Nigeria. The study was anchored on Resilience Theory. The explanatory cross-sectional survey research design was adopted for the study.  The accessible population of the study consisted of 84 plastic companies in Rivers State, Nigeria. The study adopted the census method which entails using the entire population. The study adopted the primary source of data. Structured questionnaire was used as instrument for data collection. The Study was validated by my supervisors. After validation, the Cronbach alpha was adopted to ascertain the reliability of 0.7 Co-efficient. In line with the study sample, a total of 252 copies of the questionnaire were administered to respondents through the help of two independent research assistants. The researcher retrieved 207 copies. Mean and standard deviation were used for the univariate analysis, while the bivariate analysis was done using Spearman Rank Order Correlation with the aid of SPSS Version 23.0. Findings revealed that there was a significant positive relationship between entrepreneurial resilience and venture performance of plastic firms in South-South, Nigeria. The study also concluded that entrepreneurial resilience correlates with venture performance of plastic firms in Rivers State, Nigeria. The study recommended amongst others that Firms should focus on improving their ability to assimilate and apply external knowledge through continuous training and market intelligence, leading to better decision-making and profitability.