KOGI STATE
Faculty of Management Sciences
Journal of MANAGEMENT
ISSN: 3212 - 3122
STRATEGIC MANAGEMENT PRACTICES IN NIGERIAN SMALL BUSINESS ENTERPRISES
Linus Osuagwu
Abstract
This study investigated the strategic management practices of Nigerian small business enterprises (SBEs), influences on such practices, and the efficacy of strategic management practices in Nigerian SBEs. Results implicated product, competition-focused, and organic business functions strategies as the major strategic management practices emphasized by Nigerian SBEs. Infrastructural factors, macro environmental factors, and socio-cultural factors were found to be the major issues influencing the strategic management practices of Nigerian SBEs. Nigerian SBEs were found to be effective in both quantitative and non-quantitative performance measures via their (SBEs) strategic management practices. The research measures showed encouraging psychometric values. These findings were discussed and situated within the Nigerian business environment and extant literature. Recommendations were made, and areas for further studies suggested.
Keywords
Strategic management, business environment, reliability, factor analysis, SBE, SME, Nigeria, Africa.
Full Article
UNIVERSITY, ANYIGBA
