STRATEGIC APPROACH TO THE MANAGEMENT OF SMALL BUSINESS ENTERPRISES IN NIGERIA

ABSTRACT

A research was set out to evaluate strategic approach as a management tool for the small and medium enterprises with a view to help them achieve a more predictable and stable growth, over the long term. Emphasis had been directed on the threat aspects, which most Small-scale Business enterprises had taken for granted. SMEs are also urged to take a hard look at some of the strategic tools: Finance, production, marketing and personnel which had not gained much popularity or acceptance.

Empirical evidence in the forms of survey research was adopted. In getting first hand information, samples of 50 respondents were drawn from a questionnaire consisting of twenty-two questions which were randomly selected, printed and administered to the entire employee as focus point. This however forms the main data collection instrument employed in the study. Data were sourced from different books on management by notable authors, theories relevant to the study were carefully examined, and views of different authors/ professionals were considered to reconcile the documentary research, in arriving at the final conclusions. Care was also taken to maintain objectivity, which could be easily affected with the Research’s problems on the field. The conclusion is that strategic management is largely relevant to Small-scale Business enterprises. And so long as due attention is paid to threats and crisis handling, the vulnerability of Small-scale Business enterprises should be reduced. That leaves only the last problem to deal with − time constraint among Small-scale Business enterprises which is said to be limiting their application of strategic management. To partly solve the problem, the training and re-training of personnel, along some priority and relevance guidelines, suiting to the operating reality of the Small-scale Business enterprises must be taking into cognizance. However, considering the universal laws of cause and effect, Small-scale Business enterprises must recognize the inevitability to apply as many techniques as possible, in order to get the maximum results. To use time and workload as a convenient excuse can often be a good justification for not strategizing; overcoming the temptation to do so leads to a more rewarding and satisfying venture for the entrepreneurs. The choice is up to each SME.

CHAPTER ONE

1.1 Introduction

… This chapter will address the background information that motivated this study, the challenges that prompted it, its aim, and its objectives as a preface to subsequent sections of the study. Additional factors include the study's significance, scope, limitations, research questions and hypotheses, and the definition of technical terms.

…

CHAPTER TWO

2.0 Literature Review

2.1 Introduction

The review of relevant literature is the main topic of this chapter. A literature review covers theoretical and methodological contributions to a certain issue in addition to the state of knowledge at the time of writing. It provides information about the state of the art in relation to the subject you are writing about. It examines the body of work on the chosen subject. The literature evaluation in this study comprises the …

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Preliminary Pages,
Chapter 1-5,
References and Appendix.

TABLE OF CONTENTS
PRELIMINARY PAGES

Title page
Approval page
Dedication
Acknowledgement
Table of Contents
Abstract
CHAPTER ONE

Introduction

1.1 Historical Background of the Study

1.2 Statement of Problem

1.3 Objectives of Study

1.4 Research Questions

1.5 Research Hypothesis

1.6 Research Methodology

1.7 Significance of the Study

1.8 Scope and Limitation of the Study

1.9 Definition of Terms

REFERENCES

CHAPTER TWO

Literature Review

2.1 Introduction

2.1 The Concept of Strategy

2.2 Strategies in Functional Areas

2.2.0 Finance Strategies

2.2.1 Production Strategies

2.2.2 Marketing Strategies

2.2.3 Personnel Strategies

2.3 Strategic Management An-Overview

2.4 Small and Medium Enterprise and Overview

2.5 Role of Small Scale Business Enterprise in Nigerian Economy

2.6 Characteristic of Small Scale Business Enterprises in Nigeria

2.7 Challenges of the Small Scale Business Enterprises

REFERENCES

CHAPTER THREE

Research Methodology

3.1 Research Design

3.2 Area of Study

3.3 Population of the Study

3.4 Determination of Sample Size

3.5 Instrument of Data Collection

3.6 Validity of Research Instrument

3.7 Reliability of Research Instrument

3.8 Method of Data Analysis

CHAPTER FOUR

Presentation and Data Analysis

4.1 Data Presentation

4.2 Analysis and Discussion

4.2 Hypothesis Presentation

CHAPTER FIVE

Summary of Findings, Conclusion and Recommendation

5.1 Summary of Findings

5.2 Conclusion

5.3 Recommendations

BIBLIOGRAPHY

APPENDIX

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