Entrepreneurial Skills and Managerial Performance of Small and Medium Enterprise in Cabuyao

Abstract

INTRODUCTION

Small and medium enterprises contribute meaningfully to achieving general economic development. Several factors may influence the success of these enterprises such as economy, capital markets, strategies, and changes in regulations. However, apart from these common factors, management styles and entrepreneurial skills play significant roles. In this study, the researchers examined the entrepreneurial skills and managerial performance of small medium enterprises in the City of Cabuyao as factors affecting growth and success.

METHODS

Descriptive -Correlational research design was employed in this study. This research design allowed the researchers to determine the relationship of entrepreneurial skills to the managerial performance of the owners of enterprises. Thirty entrepreneurs who have beenin the business for 5 to 10 years from the City of Cabuyao were the respondents of the study. A self-made questionnaire composed of two parts--the level of entrepreneurial skills of small and medium enterprises in terms of their communication skills and creative thinking and the level of managerial performance in terms of management skills and leadership skills--was used to gather data.

RESULTS

Many entrepreneurs revealed positive results in the level of entrepreneurial skills both in the aspects of communication skills and creative thinking. The managerial performance in terms of management skills and leadership skills showed positive capabilities among the entrepreneurs. Among the entrepreneurs, there exists a significant relationship between entrepreneurial skills and management performance.

DISCUSSIONS

The result demonstrates that feedback, constant communication, and varied creative communication engagement are needed for successful business ventures. Management and leadership skills offered positive influence in the field of managerial performance including interaction with other organization.