IMPACT OF ENVIRONMENT FACTORS ON BUSINESS PERFORMANCE IN KWARA STATE, NIGERIA

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dc.contributor.authorOLOTA, Oluwayomi Omotayo
dc.contributor.authorABDUL, Falilat Ajoke
dc.contributor.authorOLADIPO, Ganiyu Taiwo
dc.date.accessioned2020-01-17T11:56:27Z
dc.date.available2020-01-17T11:56:27Z
dc.date.issued2017-06
dc.descriptionPublished articleen_US
dc.description.abstractIt has been argued that more than 70% of SMEs go into extinction within first five years of establishment. Despite their contribution to the economy, high mortality rate amongst them is of great concern to all stakeholders. Therefore, the main purpose of this study was to determine the impact of environmental factors on the performance of SME. The population of this study was 2703 SMEs in Ilorin. The study adopted purposive sampling technique to select a sample size of 336. Data was analysed using both descriptive and inferential statistics. The hypothesis was tested using both regression and correlation. The result of the analysis reveal that (i) with the result of hypothesis one (R= 0.747, Rsquare = 0.558, (0.000)< 0.5). This implies that 55.8% varaiation in the dependent variable (Efficiency of SMEs) is caused by the independent variables (Employees' competencies). (ii) while hypotheses two result indicate R(325)=0.125, P=0.024<0.05. This revealed that a positive relationship exist between technological advances and innovativeness of SME, which is significance at P-value of 0.024. (iii) and lastly for hypotheis three result (R = 0.855, Rsquare= 0.732, (0.000)< 0.5). This implies that 73.2% variables (Economic factors). The study concluded that employees' competencies, technological advances and economic factors are key determinants of SME performance. It is therefore essential fro SMEs to put their business environment into consideration in their strategic management planning in order to survive the complexity and dynamism of the environment.en_US
dc.identifier.issn2408-655x
dc.identifier.urihttp://hdl.handle.net/123456789/3537
dc.language.isoenen_US
dc.publisherFaculty of Management Sciences, University of Ilorin, Ilorin, Nigeriaen_US
dc.relation.ispartofseries4;1
dc.subjectENVIROMENTAL FACTORen_US
dc.subjectPERFORMANCEen_US
dc.subjectINNOVATIVENESSen_US
dc.subjectSUSTAINABILITYen_US
dc.subjectSMEen_US
dc.titleIMPACT OF ENVIRONMENT FACTORS ON BUSINESS PERFORMANCE IN KWARA STATE, NIGERIAen_US
dc.typeArticleen_US

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