Entrepreneurial Orientation as a Panacea for the Ebbing Productivity in Nigerian Small and Medium Enterprises: A Theoretical Perspective

Small and Medium Enterprises are widely distributed in the Nigerian economy and they are major contributors to the socio-economic development of the nation. However, some salient features of these enterprises and the dynamic nature of a highly global economy makes the effective and efficient contributions of these enterprises unattainable. The central argument of this paper is that entrepreneurial orientation is the panacea to this ebbing productivity. Accordingly, the paper provides deeper understanding of the cross-functional activities in the behaviour-embedded nature of innovation, proactivity, autonomy, risk-taking propensity and competitive aggresiveness.