LOCUS OF CONTROL AND VENTURE PERFORMANCE OF SMES IN ASABA DELTA STATE

Abstract

This study investigated the interplay between locus of control and venture performance of SMEs in Asaba Delta State. The specific objectives were to ascertain the link between internal and external locus of control and venture performance of SMEs. Data was collected through a structured questionnaire. The data was analyzed, and the hypotheses were tested using the Pearson Product Moment Correlation Coefficient (PPMC). The finding revealed a significant association between the variables. The researchers therefore draw the conclusion that locus of control and venture performance have a strong and favourable association. Additionally, the predictor variables and venture performance have a substantial and positive association.
Based on the study's findings, the researcher suggests that: SMEs should take locus of control imperative into consideration while seeking to improve venture performance and for optimum performance, SMEs should enhance employees' internal and external locus of control.