Original scientific paper
https://doi.org/10.1515/aet-2018-0010
Strategic Leadership and Sustainability of Small and Medium Enterprises in Nigeria
Kowo Solomon Akpoviroro
; Kwara State University, Malete Nigeria
Akinbola Olufemi Amos
; Federal University of Agriculture, Abeokuta
Abstract
The small-scale industry in Nigeria is considered to be an important element to the growth of the economy in contributing to the gross domestic products of the economy and it has been of contention that strategic leadership has influenced and sustained the performance
of small and medium enterprises. As such, the main objective of the study is to examine how the exercising of strategic leadership has influenced and sustained the performance of small and medium
enterprises in Nigeria in terms of social impact. About 300 questionnaires were administered to small sized companies. The study found that there is a significant influence of strategic planning on sustaining small and medium enterprise profit performance and the results indicated that the managers that sustain profitability performance are those that are strategic in planning. Also, the
study discovered that the return on investment of Small and Medium Enterprise depends on the appropriateness of its leadership practices. The study recommends that small-sized companies should be effective in their strategy implementation in order to achieve the corporate objectives of indigenous Small and Medium Enterprises.
Keywords
entrepreneur; leadership; organizational performance; social responsibility
Hrčak ID:
212041
URI
Publication date:
11.12.2018.
Visits: 1.491 *