Entrepreneurial Orientation and Customer Satisfaction of Family-owned Business in Lagos State, Nigeria

Author:

S.O. Oluwatukesi,Balogun L. A.,T.E. Oluwatukesi,B.G. Jaiyesimi

Abstract

This study investigates the effects of entrepreneurial orientation on customer satisfaction of family-owned businesses in Lagos State, Nigeria. The study adopted a cross-sectional survey design and computed a sample size of three hundred and sixty-eight (368) from The Nigerian Association of Small and Medium Enterprises NASME database of registered family businesses of eight thousand three hundred and ninety-six registered family-owned businesses in Lagos State using the Cochran sample size formula. The senior staff and owners of family-owned businesses in Lagos State were purposively selected to fill out the structured questionnaires of the study. The questionnaires were adapted from previous studies and validated via a pilot study conducted in the Oluyole industrial area of Ibadan southwest, Oyo State, Nigeria. The study adopted SPSS version 25 for the descriptive statistics and SmartPLS version 4.0 for the inferential statistics to analyse the data. The study's findings revealed that entrepreneurial orientation influences 31.6% of customer satisfaction, while the remaining 68.4% can be explained by the other exogenous variables different from customer satisfaction. The study concludes that entrepreneurial orientation positively influences the customer satisfaction of family-owned businesses in Lagos State, Nigeria.

Publisher

African - British Journals

Subject

Psychiatry and Mental health,Neuropsychology and Physiological Psychology

Reference28 articles.

1. [1]. Stephen Olajiire Oluwatukesi. (2023). "Entrepreneurial Orientation Succession Planning and Performance of Family-owned Business in Lagos State" PhD diss., Lead City University, Ibadan, Nigeria,

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5. [5]. Mishra, L., Gupta, T., & Shree, A. (2020). Online teaching-learning in higher education during the lockdown period of the COVID-19 pandemic. International journal of educational research open, p. 1, 100012.

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