ABSTRACT
This research project is on the Effect of Survival
Strategies on the Performance of Small and Medium Scale Enterprise with
references (A Case Study of Selected Small Business in Lagos Sub-Urban). This
research work is generally about the effects Survival Strategies on the
Performance of Small and Medium Scale Enterprise. The project has undertook the general
introduction into the research work led to the review of various literature
that relates to the major variables involved in the research work especially Small and medium scale enterprises
that speed up the rate of social economic development of many countries,
particularly developing countries. They serve as system for attainment of
national objective in terms of employment generation at low investment cost and
also the development of entrepreneurial capabilities and indigenous technology.
Various studies conducted indicated about 50 per cent of small and medium scale
enterprises surveyed did not receive external finance while 77 percent
indicated lacked of access to financial resources. The secret behind the
success of a self-reliant strategy in any economy does not lie solely in any
particular socio-political or socio-economic philosophy, but so much on
people’s attitude to small enterprises. The data collected were analyzed through the use of frequency
distribution table and chi-square statistical tool to determine whether a number
of proportions to be studied are equal. The yes and no scale would be used to
analyze the data for the study, research questions would be analyzed using the
percentage analysis from the questionnaire retained. Base on the finding
Internal characteristics and problems of SMEs. Most small and medium scale
enterprises in Nigeria are battling with serious internal problem. There
problem range from poor management practices, lack of well planned marketing
strategy, among other internal survival strategies and also reveals that with
more government institutions in place such as National Directorate of
Employment (NDE), Small and medium enterprise development agency of Nigeria
(SMEDAN), small and medium enterprises equity investment Scheme (SMEEIS) the
performance of SME’S will greatly improve, it recommends that establishment of
more industrial development centre (IDCs) according to finding will boost SMEs
activities in the country Base on this, attention should be given to the
development of more centres as this will
aids in making the business environment conducive for more investors and It is
a known fact that some small and medium scale enterprises are operating at a
very abysmal level. Therefore, the need of authority concern at all level to
intensify effort toward boosting their performance (SMEs), as it has been
considered to be a catalyst for economic growth and national development both
in developed and developing countries.
TABLE OF CONTENTS
Title Page I
Certification Ii
Dedication Iii
Acknowledgements Iv
Abstract V
Table Of Contents Vi
CHAPTER
ONE: INTRODUCTION
1.1
BACKGROUND TO
THE STUDY 1
1.2
STATEMENT OF
THE PROBLEM 3
1.3
OBJECTIVES OF
THE STUDY 4
1.4
SIGNIFICANCE OF THE STUDY 5
1.5
SCOPES AND LIMITATION 5
1.6
DEFINITION OF TERMS 5
REFERENCES 7
CHAPTER TWO: LITERATURE REVIEW
2.2
INTRODUCTION 8
2.3
ADVANTAGES OF SSE’s 11
2.4
ROLES OF SSE’S IN NATIONAL DEVELOPMENT 11
2.5
PROBLEM
OF SMALL SCALE ENTERPRISES 15
2.6
CONCEPTUALIZING
UNEMPLOYMENT /EMPLOYMENT 17
2.6.1
THE
CLASSICAL THEORY 17
2.6.2
THE
KEYNESIAN THEORY OF UNEMPLOYMENT/EMPLOYMENT 20
2.6.3
OTHER
THEORIES OF EMPLOYMENT 22
2.7
ECONOMIC
GROWTH 23
2.7.1 ECONOMIC GROWTH AND DEVELOPMENT 24
2.8
SMALL AND MEDIUM SCALE SMEs CAPACITY BUILDING
IN NIGERIA 26
2.9
STRATEGY: CONCEPT AND
ADAPTATION TO SMALL SCALE
BUSINESSES. 28
2.8 SMALL
AND MEDIUM SCALE SMES STRATEGY FOR 30
2.9
FINANCES OF SMALL – SCALE ENTERPRISE 32
2.9.1 SMALL –
SCALE INDUSTRIES CREDIT SCHEME 33
2.10 THE NIGERIA BANK
FOR COMMERCE AND 34
2.10.1
INDUSTRIAL DEVELOPMENT CENTER (IDC) 35
2.10.2
THE NATIONAL ECONOMIC RECONSTRUCTION FUND
(NERFUND) 35
2.10.3 SMALL AND MEDIUM ENTERPRISES LOAN
SCHEME 47
REFERENCES 52
CHAPTER THREE: RESEARCH METHODOLOGY
3.1 INTRODUCTION 54
3.2
RESTATEMENT
OF THE RESEARCH QUESTIONS 54
3.4
RESTATEMENT OF THE RESEARCH HYPOTHESES 55
3.5
THE
POPULATION OF THE STUDY 55
3.6
SAMPLE
SIZE AND SAMPLING PROCEDURE 56
3.7
SOURCE
OF DATA/METHOD OF DATA COLLECTION 56
3.8
METHOD
OF DATA ANALYSIS 56
CHAPTER FOUR: PRESENTATION AND ANALYSIS OF DATA COLLECTED
4.1
INTRODUCTION 58
4.2
DATA
PRESENTATION AND ANALYSIS 58
4.2.1 TESTING OF HYPOTHESES 68
DISCUSSION OF RESULT 72
REFERENCES 74
CHAPTER FIVE: SUMMARY, RECOMMENDATIONS AND CONCLUSION
1.1
SUMMARY 75
5.2 RECOMMENDATIONS
AND CONCLUSION 78
BIBLIOGRAPHY 81
QUESTIONNAIRE 83