Small and Medium-Sized Enterprises (SMEs) Entrepreneurs’ Leadership, Management Skills, and Motivation in Relation to Business Sustainability
- Author(s): Renzitelo Alf P. Carpio
PAPER DETAILS
- Business and Management
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Paper ID: UIJRTV5I40011
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Volume: 05
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Issue: 04
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Pages: 98-122
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February 2024
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ISSN: 2582-6832
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Abstract
Small and medium-sized enterprises (SMEs) are essential to developing and growing any country’s economy. This study investigated the Small and Medium Sized Enterprises (SMEs) entrepreneurs’ leadership, management skills, and motivation in relation to business sustainability. This study utilized a descriptive correlational research design. There were 120 SME owners who were chosen through purposive sampling. The study took place in Ozamiz City. Entrepreneurs’ Leadership, Management Skills, Motivation, and Business Sustainability Questionnaires were used as instruments in gathering the data. Mean, Standard Deviation, Pearson Product Moment Correlation Coefficient, and Multivariate Regression Analysis were used as the data analyses. The results revealed that the level of entrepreneurs’ leadership and motivation is very high while the entrepreneur’s management skills are rated very good. Meanwhile, the level of business sustainability is also very high. Entrepreneurs’ leadership, motivation, and management skills greatly affect their business sustainability. Among the variables, the entrepreneurs’ leadership and management skills are the predictors to their business sustainability. Entrepreneurs’ leadership abilities, management skills, and motivation postulate a strong relationship toward business sustainability, which asserts that motivation and entrepreneurial leadership contribute to business sustainability. Thus, entrepreneurs’ leadership, management skills, and motivation could make them sustainable. Entrepreneurs therefore could maintain their excellent leadership abilities, management skills, and motivation through having simulative training to survive in their respective entrepreneurial endeavors.