IMPACT ENTREPRENEURIAL NETWORKS ON BUSINESS GROWTH: A CASE STUDY OF COMPUTER VILLAGE, LAGOS STATE
Abstract
This study investigates the impact of entrepreneurial networks on business growth, with a focus on Computer Village, Lagos State. Utilizing a sample size of 383 participants, the research employs regression analysis to assess the role of both traditional and digital networks in facilitating business success. The findings reveal a significant positive relationship between entrepreneurial networks and business growth, with traditional and digital networks contributing to the success of businesses. Specifically, the analysis shows that traditional networks enhance trust and community engagement, while digital networks expand market reach and operational efficiency. Together, these networks explain a substantial portion of the variance in business growth, underscoring their complementary nature. The study concludes that leveraging both traditional and digital networks is essential for sustained business growth in technology-dense environments like Computer Village. Recommendations include strengthening traditional networks, enhancing digital networking skills, integrating networking strategies, and supporting policies that promote network development. These insights contribute to the broader understanding of entrepreneurship in Nigeria and highlight the importance of networking in driving business success