Organisational Outcomes: Entrepreneurial Mindset and Entrepreneurial Competence Combined Effect

Abstract

The paper argued that while organisational outcomes reflect the overall performance of an organization, the role of entrepreneurial mindset and entrepreneurial competence as a combined panacea to improve outcomes has not received considerable attention, especially in developing countries like Nigeria, where the Fast Moving Consumer Goods (FMCG) firms have maintained sharp decline in their general performance. Therefore, the need to investigate if the entrepreneurial mindset and entrepreneurial competence combined could affect organisational outcomes is appropriate. The study applied the cross-sectional survey research design in obtaining primary data from 383 top, middle, and low-level management staff of selected FMCG in Lagos State, Nigeria. The stratified random sampling technique was utilized. Also, the reliability and validity tests on the adapted questionnaire were considered credible before applying it to this study. Results from the multiple regression analysis revealed that entrepreneurial mindset and entrepreneurial competence significantly have a combined effect on organisational outcome [Adj.R2= 0.186, F(2, 381) = 44.640, p<0.05]. Management should establish a clear vision and mission that aligns with the entrepreneurial spirit and foster continuous learning culture and improvement to enhance overall organizational outcomes.