EXTERNAL BUSINESS ENVIRONMENT AND ENTREPRENEURIAL PERFORMANCE OF SMALL AND MEDIUM ENTERPRISES (SMEs) IN LAGOS STATE, NIGERIA
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 5000
ABSTRACT
The external business environment is perceived to influence performance of small and medium enterprises (SMEs). Therefore, there is the need to examine and establish the effects of the external business environment on SMEs so as to contribute to existing studies, as well as to disseminate findings to enhance the regulatory environment of Lagos State, management practices, industry, government and the society.
The study employed survey design. The study population comprised SMEs registered with Small and Medium Enterprise Development Agency of Nigeria in Lagos State with the total of 4,535. The Taro Yamane formula was used to obtain a sample size of 478. The owners/managers of these SMEs were selected through a multi-stage sampling technique which involves the stratified, proportionate, and simple random sampling method. The instrument validity was established through scrutiny and evaluation by the research supervisor and experts in the study area, and reliability was determined via Cronbach’s alpha coefficient computed from pilot study responses. By the use of instrument codes, responses were processed into quantitative data for descriptive and empirical analyses.
Result revealed that infrastructural facilities have a significant and positive effect on SME’s service quality (R2= 0.872: p= 0.000<0.05).The government taxation policy have a significant and positive effect on sales revenue (R2= 0.896: p= 0.000<0.05). On the government/institutional support variable, result shows that it have a positive but no significant influence on job creation (R2= 0.094: p= 0.879>0.05). The analysis of insecurity and market growth shows a negative and significant effect of insecurity on SMEs market growth potentials (R2= 0.011: p= 0.036<0.05).
In conclusion, infrastructural facilities, taxation policy, and insecurity had a significant effect on service quality, sales revenue, and market growth respectively, government/institutional support have no significant effect on job creation. It was recommended that in order to augment overall performance, SMEs should always ensure adequate scan of the external business environment to identify potential threats and opportunities within their operating environment, In addition the government should levy a lower tax to enhance increase in revenue base of SMEs. Also, infrastructural facilities in Lagos, Nigeria should be given proper attention, in the same vein, there is a need for the government enacts more effort in terms of policy formation and implementation. The research also recommends that the government, industry, and individual should ensure that contributions are made at all level to improve and better the state of Nigeria security.
Related Project Materials
THE ROLE OF FIDUCIARY ACCOUNTANTS IN CONFLICT RESOLUTION
Abstract: The role of fiduciary accountants in conflict resolution is pivotal in maintaining organizational harmony and financial integrity. This s...
THE USE OF POSTERS AND BILLBOARDS AS VISUAL DATA TO IN EVALUATING THE EFFECTIVENESS OF PROTEST MESSAGING (A CASE STUDY OF ENDBADGOVERNANCE PROTEST)
THE USE OF POSTERS AND BILLBOARDS AS VISUAL DATA TO IN EVALUATING THE EFFECTIVENESS OF PROTEST MESSAGING (A CASE STUDY OF ENDBADGOVERNANCE PROTEST)...
EARLY CHILDHOOD EDUCATION AND THE DEVELOPMENT OF GLOBAL LEADERSHIP SKILLS
ABSTRACT: This research examines the role of early childhood education in developing global leadership skills among young children. Objectives...
EFFECTIVENESS OF TAXATION IN NIGERIA IN COMPARISON WITH OTHER NATIONS OF THE WORLD
ABSTRACT
This study was carried out to examine effectiveness of taxation in Nigeria in comparison with...
AN ASSESSMENT OF THE PRINT MEDIA IN THE PROMOTION OF SPORTS DEVELOPMNT IN NIGERIA
ABSTRACT
This study was carried out on the assessment of the print media in the promotion of spor...
EVALUATION OF EFFECTS OF COLLABORATIVE AND PORTFOLIO WRITING STRATEGIES ON STUDENTS’ PERFORMANCE IN ESSAY WRITING IN SENIOR SECONDARY SCHOOLS
ABSTRACT
The study investigated the effects of collaborative and portfolio writing strategies on students‟ performance in essay writing i...
GOVERNMENT EXPENDITURE AND ECONOMIC GROWTH IN NIGERIA: A DISAGGREGATED ANALYSIS
BACKGROUND OF THE STUDY
The relationship between government expenditure and economic growth has continu...
EFFECT OF APPLIED ORIENTATION AND MOBILITY PROGRAMME ON ATTITUDE AND ACHIEVEMENT IN GEOMETRY OF LEARNERS WITH VISUAL IMPAIRMENT IN ABUJA AND GINDIRI, NIGERIA
ABSTRACT
Geometry and on larger scale mathematics was not taught to learners with visual impairment and so they do not write public exami...
MODERN BIOTECHNOLOGY AND DIGINITY OF HUMAN LIFE; AN ETHICAL ANALYSIS
THE PURPOSE OF STUDY
The real question is what has this work to contribute to the global debates on the issue of human c...
THE EFFECT OF CORPORATE GOVERNANCE ON ORGANIZATION PERFORMANCE IN NIGERIA
ABSTRACT
The main aim of this study is to examine the effect of corporate governance on organizational...
