- 期刊
- OpenAccess
Effect of Planning on the Performance of Small and Medium Enterprises in South-Western Nigeria
並列摘要
The study analysed the processes involved in business planning, examined the challenges and problems faced by Nigerian entrepreneurs in business planning of Nigeria's Small and Medium Enterprises (SMEs); and how proper planning can promote their businesses. Primary data was used for this study and they were sourced from Small and Medium scale businesses in Ile-Ife through administration of structured questionnaire. The data collected were analysed using descriptive statistics such as tables, charts, frequencies, percentages. Findings showed that most entrepreneurs find out the demand of the market more than setting goals and objectives. Also results showed that economic instability and access to source of finance are major challenges facing SME's; and proper planning can increase the productivity and profitability of Small and Medium scale Enterprises in Nigeria. The study concluded that effective planning has a significant effect on the performance of small and medium enterprises in Nigeria. It is also recommended that specialised government sponsored institutions should be set up to help small firms by providing planning packages to entrepreneurs tailored to customised needs.
延伸閱讀
- Matthew, O. H., & Johnson, A. A. (2013). Foreign Direct Investment, Export and Economic Growth in Nigeria: A Re-evaluation. Current Research Journal of Economic Theory, 5(4), 82-91. https://www.airitilibrary.com/Article/Detail?DocID=2042485X-201312-201507090021-201507090021-82-91
- Adewole, O. D. (2018). Customer Relationship Management and Micro, Small and Medium Enterprises (MSMEs) Growth in South West, Nigeria. Scholedge International Journal of Management & Development, 5(5), 48-58. https://doi.org/10.19085/journal.sijmd050501
- Umoh, O. J., Jacob, A. O., & Chuku, C. A. (2012). Foreign Direct Investment and Economic Growth in Nigeria: An Analysis of the Endogenous Effects. Current Research Journal of Economic Theory, 4(3), 53-66. https://www.airitilibrary.com/Article/Detail?DocID=2042485X-201206-201507090016-201507090016-53-66
- Ebimobowei, A., Felix, T. S., & Wisdom, S. C. (2012). Human Resource Development Mechanism and the Performance of Public Sector Accountants' in Nigeria. Current Research Journal of Social Sciences, 4(3), 246-255. https://www.airitilibrary.com/Article/Detail?DocID=20413246-201205-201512250021-201512250021-246-255
- Mandiefe, S. P., & Bafon, J. C. (2015). Determinants of Internal Resources of Small and Medium Sized-Enterprises in Cameroon. Scholedge International Journal of Management & Development, 2(9), 37-52. https://www.airitilibrary.com/Article/Detail?DocID=23943378-201509-201510200018-201510200018-37-52