IMPACT OF BUSINESS ENVIRONMENTAND THE GROWTH OF SMALL AND MEDIUM ENTERPRISE. A CASE STUDY OJU
Abstract
The purpose of this study is to examine the relationship
between business environment toward small and medium enterprises (SMEs)
performance among Nigerian firms. A quantitative approach was employed, using a
cross sectional research design. The data was collected through the self-administration
method from 640 respondents. SMEs are very important to economy growth of
Nigeria, they serve as a major source of employment, contributes significantly
towards industrial establishment, a source of income generation and help in the
development of craftsmanship. A model was developed based on theoretical
consideration to examine the relationship. Multiple regression analysis was
employed, which reported a significant and positive relationship between the business
environment and business performance of SMEs. Implications and future research
directions were discussed.
TABLE OF CONTENT
Title Page
Declaration
Certification
Approval Page
Dedication
Acknowledgement
Abstract
Table of Contents
TABLE OF CONTENT
CHAPTER ONE
1.1 Introduction - - - - - - - - 1
1.2 Background of the Study - - - - - - 3
1.3 Statement of the problem - - - - - - 4
1.4 Objective of the study - - - - - - 5
1.5 Research Questions - - - - - - - 5
1.6 Research Hypothesis - - - - - - 5
1.7 Significance of the Study - - - - - - 6
1.8 Scope of the study - - - - - - - 6
1.9 Definition of terms - - - - - - - - 7
1.10 Organization of the Study - - - - - - 8
CHAPTER TWO
LITERATURE REVIEW
2.1 Conceptual Framework of the Study - - - - 9
2.1.1 Concept of the Business Environment - - - - 9
2.1.2 The Business Environment: PESTLE Analysis - - - 10
Figure 2.1 PESTLE Model - - - - - - - 13
2.1.3 Features of Business Environment - - - - - 13
2.1.4 Importance of Business Environment to Entrepreneurs - - 14
2.1.5 Concept of Small and Medium-scale Business - - - 15
2.1.6 Types and Classification of Micro and Small Scale Enterprises 16
Table 2.1: Classification Adopted by SMEDAN - - - 17
Table 2.2: European Union Definition of SMEs - - - - 17
2.1.7 A Critical Look at the Nigerian Business Environment - - 17
2.1.8 Some Legal Requirements of the Nigerian Business Environment 19
2.2 Empirical Review of Previous Studies - - - - 24
2.3 Theoretical Framework of the Study - - - - 25
CHAPTER THREE
RESEARCH METHODOLOGY
3.1 Area of Study - - - - - - - 27
3.2 Research Design and Source of Data - - - - 27
3.3 Study Population and Determination of Sample Size - - 27
3.4 Research Instrument and Technique - - - - 27
3.5 Procedures for Data Collection and Analysis - - - 28
3.6 Justification for the Study - - - - - - 29
CHAPTER FOUR
DATA PRESENTATION AND ANALYSIS
4.1 Data Presentation and Analysis
4.1.1 Questionnaire Response Rate - - - - - 30
4.1.2 Data Presentation and Analysis - - - - - 30
4.1.3 Ranking of Knowledge - - - - - - 41
4.2 Test of Hypothesis - - - - - - - 42
4.3 Discussion of Findings - - - - - - 43
CHAPTER FIVE
Summary, Conclusion and Recommendation
5.1 Summary - - - - - - - 45
5.2 Conclusions - - - - - - - - 45
5.3 Recommendations - - - - - - - 46
5.4 Proposal for Further Studies - - - - - 47
Bibliography - - - - - - - - - 48-51
Appendix 1 - - - - - - - - - 52
Appendix 2 - - - - - - - - - 53-55