Employees’ Psychological and Non Psychological Variables: Do they have Relationship with Corporate Entrepreneurship?

Abstract

Research on Corporate Entrepreneurship (CE) has focused exclusively on factors such as internal and external factors at the expense of personal factors of employees who are central focus for new ideal generation. Therefore, the study was designed to examine the relationship between employees’ personal characteristics and CE. The employees of companies that are members of Manufacturers Association of Nigeria as at August 2014 constituted the population of this study. Accordingly, there were 826 companies registered with the association as at 2014. However, a hypothetical sample of 658 was taken. Data were collected from Nigerian manufacturing industry. Correlation analysis was used to analyse the data. Findings show that need for achievement, risk-taking, and creativity/innovativeness have significant positive influence on CE. However, self-confidence was found to have significant negative effect on CE at 5% level of significance. Two employees’ non psychological variables, age and educational qualification were found to have significant positive effect on CE at 5 % level of significance. The study therefore concluded that the higher the educational attainment of employees, the more likely they will exhibit entrepreneurial behaviour. The study recommended that organizations should ensure that age and educational qualification of employee take a prime place at selection of employees.