IDEAS home Printed from https://ideas.repec.org/a/rnd/arjebs/v9y2018i6p98-108.html
   My bibliography  Save this article

Strategic Planning and Performance of Nigerian SMEs: The Moderating Role of Entrepreneurial Characteristics

Author

Listed:
  • Makinde Olubisi G
  • Asikhia Olalekan U

Abstract

Studies that considered the moderating effect of entrepreneurial characteristics on the relationship between strategic planning and performance of SMEs are few. This research is aimed at investigating the relationship between strategic planning and SME performance while also considering the moderating effect of entrepreneurial characteristics on the relationship between these two variables. The study employed the use of survey research design using the owners/managers of 4,535 SMEs registered with SMEDAN as the target population. Correlation analysis was used to establish the extent of the relationship between strategic planning and performance of SMEs while hierarchical regression analysis was used to establish the moderating effect of entrepreneur characteristics on the relationship. Findings showed that there exist a statistically significant positive relationship between strategic planning and performance of SMEs in Lagos State, the study also indicated that entrepreneurial characteristics significantly moderates the relationship between strategic planning and performance of SMEs. The study concluded that entrepreneurial characteristics being exhibited influenced the performance of the business. Policy implications and recommendations were made.

Suggested Citation

  • Makinde Olubisi G & Asikhia Olalekan U, 2018. "Strategic Planning and Performance of Nigerian SMEs: The Moderating Role of Entrepreneurial Characteristics," Journal of Economics and Behavioral Studies, AMH International, vol. 9(6), pages 98-108.
    • Handle: RePEc:rnd:arjebs:v:9:y:2018:i:6:p:98-108
    DOI: 10.22610/jebs.v9i6(J).2008
    as

    Download full text from publisher

    File URL: https://ojs.amhinternational.com/index.php/jebs/article/view/2008/1552
    Download Restriction: no
    File URL: https://ojs.amhinternational.com/index.php/jebs/article/view/2008
    Download Restriction: no
    File URL: https://libkey.io/10.22610/jebs.v9i6(J).2008?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Nader Ale Ebrahim & Shamsuddin Ahmed & Zahari Taha, 2010. "Critical Factors for New Product Developments in SMEs Virtual Team," Post-Print hal-00593363, HAL.
    2. Muritala Taiwo A & Awolaja Ayodeji M & Bako Yusuf A, 2012. "Small and Medium Enterprises and Economic Growth in Nigeria," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 3(3), pages 45-53, June.
    3. Roslan Abdul Aziz & Mohd Hussin Abdullah & Anas Tajudin, 2013. "The Effect of Leadership Styles on the Business Performance of SMEs in Malaysia," International Journal of Economics, Business and Management Studies, Online Science Publishing, vol. 2(2), pages 45-52.
    4. Zachary B. Awino, 2013. "Strategic Planning and Competitive Advantage of ICT Small and Medium Enterprises in Kenya," Business and Management Horizons, Macrothink Institute, vol. 1(1), pages 191-204, June.
    5. Robert M. Grant, 2003. "Strategic planning in a turbulent environment: evidence from the oil majors," Strategic Management Journal, Wiley Blackwell, vol. 24(6), pages 491-517, June.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ale Ebrahim, Nader & Ahmed Shamsuddin & Abdul Rashid, Salwa Hanim & Taha, Zahari, 2012. "Effective Virtual Teams for New Product Development," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 7(21), pages 1971-1985.
    2. Phillips, Paul & Moutinho, Luiz, 2014. "Critical review of strategic planning research in hospitality and tourism," Annals of Tourism Research, Elsevier, vol. 48(C), pages 96-120.
    3. Hutzschenreuter, Thomas & Horstkotte, Julian, 2013. "Performance effects of international expansion processes: The moderating role of top management team experiences," International Business Review, Elsevier, vol. 22(1), pages 259-277.
    4. Su Han, 2024. "Bridging Passion and Performance: The Mediating Role of Improvisation Behavior in New Startup Ventures," International Journal of Science and Business, IJSAB International, vol. 38(1), pages 76-98.
    5. Haarhaus, Tim & Liening, Andreas, 2020. "Building dynamic capabilities to cope with environmental uncertainty: The role of strategic foresight," Technological Forecasting and Social Change, Elsevier, vol. 155(C).
    6. Maria Luisa Giancaspro & Antonino Callea & Amelia Manuti, 2022. "“I Like It like That”: A Study on the Relationship between Psychological Capital, Work Engagement and Extra-Role Behavior," Sustainability, MDPI, vol. 14(4), pages 1-17, February.
    7. Metin Ocak & Alperen Ozturk, 2018. "The Role of Transformational Leadership Behaviours’ Effects on Corporate Entrepreneurship Behaviours and Financial Performance of Firms," International Review of Management and Marketing, Econjournals, vol. 8(4), pages 45-55.
    8. Riccardo Vecchiato & Giampiero Favato & Francesco di Maddaloni & Hang Do, 2020. "Foresight, cognition, and long‐term performance: Insights from the automotive industry and opportunities for future research," Futures & Foresight Science, John Wiley & Sons, vol. 2(1), March.
    9. Mbalyohere, Charles & Lawton, Thomas & Boojihawon, Roshan & Viney, Howard, 2017. "Corporate political activity and location-based advantage: MNE responses to institutional transformation in Uganda’s electricity industry," Journal of World Business, Elsevier, vol. 52(6), pages 743-759.
    10. Adomako, Samuel & Opoku, Robert A. & Frimpong, Kwabena, 2018. "Entrepreneurs' improvisational behavior and new venture performance: Firm-level and institutional contingencies," Journal of Business Research, Elsevier, vol. 83(C), pages 10-18.
    11. Paul Knott & Chatchai Thnarudee, 2022. "Strategic planning as inter-unit coordination: An in depth case study in Thailand," Asia Pacific Journal of Management, Springer, vol. 39(1), pages 201-224, March.
    12. Paula Jarzabkowski & Sarah Kaplan, 2015. "Strategy tools-in-use: A framework for understanding “technologies of rationality” in practice," Strategic Management Journal, Wiley Blackwell, vol. 36(4), pages 537-558, April.
    13. Shardul Phadnis & Chris Caplice & Yossi Sheffi & Mahender Singh, 2015. "Effect of scenario planning on field experts' judgment of long-range investment decisions," Strategic Management Journal, Wiley Blackwell, vol. 36(9), pages 1401-1411, September.
    14. Donal Crilly, 2017. "Time and Space in Strategy Discourse: Implications for Intertemporal Choice," Strategic Management Journal, Wiley Blackwell, vol. 38(12), pages 2370-2389, December.
    15. Pinkse, Jonatan & van den Buuse, Daniel, 2012. "The development and commercialization of solar PV technology in the oil industry," Energy Policy, Elsevier, vol. 40(C), pages 11-20.
    16. Alexey Bereznoy, 2019. "Corporate Foresight In The Strategy Of Multinationals," HSE Working papers WP BRP 97/STI/2019, National Research University Higher School of Economics.
    17. Younis, Heba & Elbanna, Said, 2022. "How Do SMEs Decide on International Market Entry? An Empirical Examination in the Middle East," Journal of International Management, Elsevier, vol. 28(1).
    18. Gong, Mengfeng & Gao, Yuan & Koh, Lenny & Sutcliffe, Charles & Cullen, John, 2019. "The role of customer awareness in promoting firm sustainability and sustainable supply chain management," International Journal of Production Economics, Elsevier, vol. 217(C), pages 88-96.
    19. John J. Oliver, 2023. "Scenario planning: Reflecting on cases of actionable knowledge," Futures & Foresight Science, John Wiley & Sons, vol. 5(3-4), September.
    20. Favato, Giampiero & Vecchiato, Riccardo, 2017. "Embedding real options in scenario planning: A new methodological approach," Technological Forecasting and Social Change, Elsevier, vol. 124(C), pages 135-149.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rnd:arjebs:v:9:y:2018:i:6:p:98-108. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Muhammad Tayyab (email available below). General contact details of provider: https://ojs.amhinternational.com/index.php/jebs .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.