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" Impact of Strategy Implementation Drivers on the Performance of Small and Medium Enterprises in South-West, Nigeria "
Adeyemo, Sakar Adegbola
Gbadeyan, Rotimi A.
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Latin Dissertation
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| Language of Document
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English
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| Record Number
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1058630
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| Doc. No
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TL57747
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| Main Entry
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Adeyemo, Sakar Adegbola
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| Title & Author
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Impact of Strategy Implementation Drivers on the Performance of Small and Medium Enterprises in South-West, Nigeria\ Adeyemo, Sakar AdegbolaGbadeyan, Rotimi A.
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| College
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Kwara State University (Nigeria)
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| Date
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2021
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| Degree
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Ph.D.
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| student score
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2021
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| Note
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168 p.
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| Abstract
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Environmental changes and dynamism that occur in the business environment make it imperative for managers to continually redesign their strategies in tune with these trends. Strategy implementation and the driving forces behind its success for superior performance have become a global challenge. The general objective of this study examined the Impact of Strategy Implementation Drivers on the Performance of Small and Medium Enterprises (SMEs) in South-West, Nigeria. The specific objectives examined the effect of strategic leadership on SMEs profit level and determined the extent of the impact of human capital on SMEs innovativeness. The specific objectives also assessed the effect of organizational capital on sales growth and evaluated the impact of social capital on customers’ satisfaction. The population of the study consisted of twenty-three thousand two hundred and ninety (23,290) SMEs in South-West States of Nigeria, namely Lagos, Ogun, Oyo, Osun, Ondo and Ekiti. A sample size of three hundred and ninety-three (393) SMEs was drawn from the population. Multi-stage sampling technique was employed to select the sample for the study. The population was first stratified into two strata: small and medium enterprises after which simple random technique was used to select a sample of three hundred and ninety-three (393) SMEs from the two strata. Structured questionnaire were used to collect data for the study. Analysis of the data was carried out using both descriptive (percentage, mean, charts) and inferential statistical techniques including linear and multiple regression to determine the nature of relationship among the variables. Findings from the study showed that strategic leadership positively and significantly affect the profit level of SMEs. The R2 value for the relationship was identified to be 0.45 indicating that both transformational and transactional leadership behaviors accounted for 45% increase in SMEs profit level. The result further revealed that human capital index (β = 0.277, F = 177.049 and R2 = 0.323) was positive and significantly affected SMEs innovativeness. The result also indicated that organizational capital index (β = 0.242, T = 2.087) was positive and has significant effect on SMEs growth. The R2 value of 0.339 indicated that organizational capital accounted for 33.9% increase in SMEs sales growth. Furthermore, findings from this study confirmed that social capital with index (β = 0.125, R2 = 0.353) was positive and significantly impacted on SMEs customers satisfaction. Finally, strategy implementation drivers index (R2 value = 0.664) have joint positive and significant impact on SMEs performance indicators. This implied that 66.4% increase in SMEs performance was attributable to strategy implementation drivers. Based on the findings, this study concluded that strategy implementation drivers have significant and positive impact on performance of SMEs using profit level, innovativeness, sales growth and customers’ satisfaction as indicators. The study recommended that strategic leaders should implement organization strategies by focusing on those implementation drivers as workable approach towards improving their performance.
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| Descriptor
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Business administration
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| Added Entry
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Gbadeyan, Rotimi A.
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| Added Entry
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Kwara State University (Nigeria)
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