Home»Business Administration and Management» The impact of small and medium scale enterprises SMEs management on economic development in Adamawa state, Mubi metropolis

The impact of small and medium scale enterprises SMEs management on economic development in Adamawa state, Mubi metropolis

 Department:Business Administration and Management  
 By:usericon SIRJOSEPH  

 Project ID: 7771
 Rating:  (5.0) votes: 1
   Price:₦4000
Abstract
The study was carried out to examine“the Impact of Small and Medium Scale Enterprises (SMEs) Management on Economic Development in Adamawa State (Mubi Metropolis”. In this study, a survey research design was adopted. The population of this study was carved out of the managers of small and medium scale enterprises in Mubi Metropolis. Hence the primary method of data collection was used where a sample of 60 close-ended questionnaires were prepared and administered to the respondent in the case study that was selected using the five-point Likert scale. From the findings, the study concludes that the main causative factor as to why Nigerian SMEs are performing below expectation is to have a relationship to our environment. This includes our culture, government, lackluster approach to government policy enunciation and poor implementation among others. The solution to the problems of Nigerian SMEs can only be realized if both the leaders and the citizens concertedly work together. Based on the conclusion the study recommended that the government should as a matter of urgency assist prospective entrepreneurs to have access to finance and necessary information relating to business opportunities, modern technology, raw materials, market, plant and machinery which would enable them to reduce their operating cost and be more efficient to meet the market competitions. In the light of policy implication, understanding the factors hindering the growth and survival of SMEs in Nigeria will help policymakers– governments (federal, state, and local), NGOs, and other stakeholders to design targeted policies and programs that will actively stimulate innovation, as well as helping those policymakers to support, encourage, and promote SMEs for poverty alleviation in Nigeria....
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