ENTREPRENEURIAL COMPETENCE AND VENTURE PERFORMANCE

Abstract

This study examines the relationship between entrepreneurial competence and venture performance. The dimensions of entrepreneurial competence adopted under the study were technical competence, Personal entrepreneurial competence and Business management competence while measures of venture performance were financial performance, operational performance and stakeholders performance. The study has theoretical significance for advancing in literature available on entrepreneurial competence and venture performance. The study adopted a secondary data source from journals, articles and relevant publications based on extant literatures. In detail, it can deduce that entrepreneurial competencies play a role that influences organizational capabilities and competitive scope in her operations, and also has direct influence on venture performance. Invariability, the more proficient entrepreneurial firm is in choosing to exploit better venture opportunities, the better the performance.  It was also concluded that technical competence largely influences venture performance as well technical competence largely influences venture performance and so on. The study recommended that Ventures should continue striving in their technical competence in other to maintain quality financial performance. Ventures should ensure that technical competence in form of opportunity identification, network building are fostered to achieve high market performance. Ventures should deepen the level of personal entrepreneurial competence in other to achieve competitive advantage.