International Journal of Humanities and Social Science

ISSN 2220-8488 (Print), 2221-0989 (Online) 10.30845/ijhss

The Impact of Strategic Factors on the Performance of Small and Medium Scale Enterprises in Nigeria: A Study of Some Selected Small and Medium Scale Enterprises in Abuja
Ikharehon, Julius Idialu, Ph.D; Briggs, John Ibinabo Abel

The paper suggest that some strategic factors are critical to the development and performance of small and medium scale enterprises (SMEs) and such factors have not been factored into the various strategies and management of the SMEs. It is the view of this paper that if these critical factors are properly addressed it would propel SMEs performance, hence the study. The target population of the paper constitute four hundred and fifty (450) enterprises, representing 18% of 2500 registered SMEs operating within Abuja metropolis. A sample size of 97 respondents was determined using the Yamane formular. A random sampling technique was adopted in administering questionnaires to the respondents, and it was however administered in a way to give each respondents equal opportunity of being selected to be part of the study. The findings revealed that insufficient capital, deficiencies in infrastructure and inadequate fiscal incentives framework are the main challenges facing their businesses. Small and Medium scale enterprises have the potentials for expansion and growth if well managed.

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