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Examining the Influence of Strategic Management Practices on Small Scale Firms Performances in Niger Delta Region

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  • Nwachukwu, Precious. Ikechukwu

    (Lecturer, Department of Petroleum Marketing and Business Studies, Federal Polytechnic of Oil and Gas Bonny, Rivers State, Nigeria)

  • Dappa, Jane. A

    (Lecturer, Department of Statistics, Federal Polytechnic of Oil and Gas Bonny, Rivers State, Nigeria)

  • Obasi, E. Ifeyinwa

    (Admin officer, School of General Studies, Federal Polytechnic of Oil and Gas Bonny, Rivers State, Nigeria)

Abstract

This paper investigated the influence of strategic management practices on small scale firm’s performances in Niger delta region. Using a descriptive design, a well structured questionnaire was adopted to obtain data from 1200 small scale firm manager within the nine states which constituted the region. Statistical package for social sciences (SPSS) version 23.0 was utilized for data analysis. Findings from the study disclosed that strategic management practices have a significant effect on small scale firms’ performances in the Niger delta region. Furthermore, the findings revealed that the effectiveness, survival, competitiveness, innovativeness, profitability etc of small scale firms, depends on how strategically a firm plan is drafted and implemented. The study concludes that strategic management is vital in ensuring the survival and sustainability of small scale firms in the Niger delta region given the significant relationship it has on performance. Base on that, it was recommended among others that Small scale firms owners should study their firms and plan strategically for potential areas of competitive advantage to the firm.

Suggested Citation

  • Nwachukwu, Precious. Ikechukwu & Dappa, Jane. A & Obasi, E. Ifeyinwa, 2020. "Examining the Influence of Strategic Management Practices on Small Scale Firms Performances in Niger Delta Region," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 4(9), pages 217-221, September.
    • Handle: RePEc:bcp:journl:v:4:y:2020:i:9:p:217-221
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    References listed on IDEAS

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    1. Nomsa Sisi Majama & Tebogo Israel ¡®Teddy¡¯ Magang, 2017. "Strategic Planning in Small and Medium Enterprises (SMEs): A Case Study of Botswana SMEs," Journal of Management and Strategy, Journal of Management and Strategy, Sciedu Press, vol. 8(1), pages 74-103, February.
    2. Rudd, John M. & Greenley, Gordon E. & Beatson, Amanda T. & Lings, Ian N., 2008. "Strategic planning and performance: Extending the debate," Journal of Business Research, Elsevier, vol. 61(2), pages 99-108, February.
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