KNOWLEDGE OF THE BUSINESS ENVIRONMENT AND ITS IMPACT ON THE PERFORMANCE OF SMES (CASE STUDY OF SELECTED SMES IN ABUJA) 2017


For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853
This research work examines the level of awareness of SME operators of business environment and its influence on their performance. The researcher intends to find out how the lack of knowledge of laws governing business operations and other external factors can hinder the successful operation of Small and Medium Scale Enterprises in Nigeria. The study was limited to primary data obtained from some selected SMEs in Abuja. Secondary sources of data were utilized for the study from relevant literatures. The findings from reviewed literature showed that the external business environment (political, economic, legal, socio-cultural, technological, environmental and financial environment) have influence on entrepreneurial operators in Nigeria. The researcher also identified that lack of the knowledge of the influence of environmental factors have made businesses not to prepare for environmental changes. It was also discovered that there exists relationship between SMEs and the environment in which it occurs. The study concluded that SME operators should understand all these types of external business environment and their implications on organizational performance of their business activities in order to identify opportunities and threats to their businesses and update their knowledge, understanding and skills to meet the predicted changes in realm of their enterprises.

1.1Introduction-------1
1.2Background of the Study------1
1.3Statement of the problem-----4
1.4Objective of the study------5
1.5Research Questions------5
1.6Research Hypothesis------5
1.7Significance of the Study-----6
1.8Justification of the Study-----6
1.9Scope of the study------7
1.10Definition of terms -------7
CHAPTER TWO
LITERATURE REVIEW

2.0Introduction-------9
2.1Conceptual Framework of the Study----9
2.1.1Concept of the Business Environment----11
2.1.2The Business Environment: PESTLE Analysis---11
Figure 2.1 PESTLE Model-------13
2.1.3Other Aspects of the Business Environment That Influence Business13---6
2.1.4Features of Business Environment----16
2.1.5Importance of Business Environment to Entrepreneurs--16
2.1.6The External Environment of Business----17
2.1.7Types of External Business Environment – A Broad View--18
2.1.8The Internal Environment-----22
Figure 2.2Internal Business Environment Model---24
2.1.9Concept of Small and Medium-scale Business---24
2.1.10Types and Classification of Micro and Small Scale Enterprises-25
Table 2.1:   Classification Adopted by SMEDAN ----27
Table 2.2: European Union Definition of SMEs----27
2.1.11Characteristics of SMEs in Nigeria ----27
2.1.12Importance of SMEs to National Development ---28
2.1.13A Critical Look at the Nigerian Business Environment--30
2.1.14Some Legal Requirements of the Nigerian Business Environment-31
2.1.15The Nigerian Economic Environment Outlook---40
2.1.16Environmental Factors and Their Impacts on Entrepreneurial Activities43
2.2Empirical Review of Previous Studies----46
2.3Theoretical Framework of the Study----47
CHAPTER THREE
RESEARCH METHODOLOGY
3.1Area of Study-------49
3.2Research Design and Source of Data----49
3.3Study Population and Determination of Sample Size--49
3.4 Research Instrument and Technique----49
3.5Procedures for Data Collection and Analysis---49
3.6Limitation of the Study------50
CHAPTER FOUR
DATA PRESENTATION AND ANALYSIS
4.1Data Presentation and Analysis
4.1.1 Questionnaire Response Rate-----51
4.1.2Data Presentation and Analysis-----51
4.2Test of Hypothesis
4.2.1Test of Hypothesis One------60
4.2.2Test of Hypothesis Two------61
4.2.3Test of Hypothesis Three-----62
4.3Discussion of Findings------63
CHAPTER FIVE
Summary, Conclusion and Recommendation
5.1Summary-------65
5.2Conclusions-------66
5.3Recommendations-------67
5.4Proposal for Further Studies-----68
Bibliography--------69-72
KNOWLEDGE OF THE BUSINESS ENVIRONMENT AND ITS IMPACT ON THE PERFORMANCE OF SMES (CASE STUDY OF SELECTED SMES IN ABUJA) 2017
For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853

Share This
Payment Instruction
Bank payment for Nigerians, Make a payment of ₦ 5,000 to

Bank GTBANK
gtbank
Account Name Obiaks Business Venture
Account Number 0211074565

Bitcoin: Make a payment of 0.0005 to

Bitcoin(Btc)

btc wallet
Copy to clipboard Copy text

500
Leave a comment...

    Details

    Type Project
    Department Business Administration and Management
    Project ID BAM4818
    Fee ₦5,000 ($14)
    No of Pages 75 Pages
    Format Microsoft Word

    Related Works

    This research work examines the level of awareness of SME operators of business environment and its influence on their performance. The researcher intends to find out how the lack of knowledge of laws governing business operations and other external factors can hinder the successful operation of Small and Medium Scale Enterprises in Nigeria. The... Continue Reading
    This research work examines the level of awareness of SME operators of business environment and its influence on their performance. The researcher intends to find out how the lack of knowledge of laws governing business operations and other external factors can hinder the successful operation of Small and Medium Scale Enterprises in Nigeria. The... Continue Reading
    This research work examines the level of awareness of SME operators of business environment and its influence on their performance. The researcher intends to find out how the lack of knowledge of laws governing business operations and other external factors can hinder the successful operation of Small and Medium Scale Enterprises in Nigeria. The... Continue Reading
    This research work examines the level of awareness of SME operators of business environment and its influence on their performance. The researcher intends to find out how the lack of knowledge of laws governing business operations and other external factors can hinder the successful operation of Small and Medium Scale Enterprises in Nigeria. The... Continue Reading
    Abstract The survey research design was adopted to determine whether the financial management practices of small firms in Nigeria impacted on their profitability, growth and survival. Five independent variables (accounting systems, financial management information, working capital management, budgeting practices and managerial planning) were used... Continue Reading
    CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY The focus on economic development has shifted in recent years from public-sector led economic development to private sector driven... Continue Reading
    Over years, the economic impact of Small and Medium Enterprises in our societies has been significant. For instance, In Kenya, over 50 percent of jobs were created by this sector in 2005 leading to the growth of the country’s GDP. But despite its impact, SME’s often take the biggest blow in periods of slow business. When there are reduced... Continue Reading
    TABLE OF CONTENTS Contents CERTIFICATION .. ii DECLARATION .. iii DEDICATION .. iv ACKNOWLEDGEMENTS . v TABLE OF CONTENTS . vi LIST OF TABLES . ix ABSTRACT . xi CHAPTER ONE . 1 INTRODUCTION .. 1 1.1Background of the Study . 1 1.2 Statement of Research Problem .. 3 1.3 Research Aim and Objectives . 3 1.4 Research Questions . 4 1.5 Research... Continue Reading
    Abstract This research work examined the level of awareness of SME operators of business environment and its influence on their performance. The researcher intended to find out how the lack of knowledge of laws governing business operations and other external factors can hinder the successful operation of Small and Medium Scale Enterprises in... Continue Reading
    CHAPTER ONE INTRODUCTION 1.1   BACKGROUND TO THE STUDY Access to electricity and its accompanied high tariffs poses a greater challenge to SMEs growth and performance in lower income countries like Nigeria, as compared with those in higher income countries. This assertion is confirmed in a research by Scott et al (2014) which reveals that, the... Continue Reading
    Call Us
    whatsappWhatsApp Us