Social Entrepreneurship and Performance of Lubricant Firms in Anambra State, Nigeria

Abstract

The study examined the social entrepreneurship and performance of lubricant firms in Anambra state. The objectives of the study were to: Determine the effect of social innovation, social impact, social value and social capital on performance of lubricant firms Anambra state. Four research questions and four hypotheses were formulated in line with the research objectives of the study. The research design that was used for this study is a descriptive study method; the sources of data for this research were mainly primary data and secondary data. The population of this study is 342. The researcher employed structured questionnaire as the method of data collection. Percentage table and analysis of variance were used in this study. The study found that Social innovation has significant effect on performance. Social impact has significant effect on performance,. Social value has significant effect on performance. It was recommended that Entrepreneurs should be encouraged to use Social innovation for Knowledge sharing and collaboration with their employees and customers. Social impact orientation should equally be used by entrepreneurs as a tracking system; as traffic on organization pages can be monitored comparing the attention given to a particular product or campaign on the profile pages, to the sales of that product or brand, auto reply system helps in this regard. Polls concerning the success of bank products and services can also be useful in this direction. Given that Social value continues to be popular, and that entrepreneurs are interested in increasing productivity and creating a lively working environment, it is important for them to familiarize themselves with it and to use it to design and support interventions that meet staff expectations in order to help them give off their best.