Risk-Taking Ability and Organizational Resilience among Small Scale Business in Lagos State

Oiku Peter Omoyebagbe, Akanbi Paul Ayobami
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Abstract

One major feature of a successful entrepreneur is the ability to take risk in business and not just any risk but calculated risk that will improve the business organization financially. Thes study examined the impact of risk-taking ability on organizational resilience among Small and Medium- sized Enterprises (SMEs) operating in Lagos State, Nigeria. One of the major drivers of economic growth in any nation is the small and medium scale enterprise sector. This study adopts a descriptive research design using a sample size of 500 business owners from various SME sectors a self-structured questionnaire was used as the research instrument. The finding of this study shows that there is a positive correlation between risk taking ability of a business organization and organizational resilience. This implies that risk taking positively influence organizational resilience among small and medium scale enterprises in Lagos state. For business development to take place, a calculated level of risk has to be taken. Risk-taking, Organizational Resilience, Small and Medium Scale Enterprises (SMEs)
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拉各斯州小型企业的风险承担能力和组织复原力
成功企业家的一个主要特征是有能力承担商业风险,而且不是一般的风险,而是经过深思熟虑的风险,这将在财务上改善企业组织。本研究探讨了尼日利亚拉各斯州中小型企业(SMEs)的风险承担能力对组织复原力的影响。中小型企业部门是任何国家经济增长的主要驱动力之一。本研究采用描述性研究设计,以来自不同中小企业部门的 500 名企业主为样本,使用自编问卷作为研究工具。研究结果表明,企业组织的风险承担能力与组织复原力之间存在正相关关系。这意味着风险承担能力对拉各斯州中小型企业的组织复原力有积极影响。企业要发展,就必须承担一定程度的风险。风险承担、组织复原力、中小型企业(SMEs)
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