We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

The Challenges Faced by Small and Medium Scale Enterprises in Nigeria - Dissertation Example

Comments (0) Cite this document
THE CHALLENGES FACED BY SMALL AND MEDIUM SCALE ENTERPRISES IN NIGERIA 1. Proposed research question What are the challenges faced by small and medium scale enterprises in Nigeria? 2. Objectives of the study The principal objective of the study is to identify the challenges faced by the SMEs of Nigeria…
Download paper
The Challenges Faced by Small and Medium Scale Enterprises in Nigeria
Read TextPreview

Extract of sample
The Challenges Faced by Small and Medium Scale Enterprises in Nigeria

The study will therefore cover these topics and will try to determine the issues faced by the SMEs in Nigeria. 3. Aims of the dissertation To identify the issues and the challenges faced by the SMEs in Nigeria. To recognize how the SMEs of Nigeria are presently dealing with it To provide recommendations regarding how the situation of SMEs in Nigeria can be improved 4. Dissertation’s position in the existing literature Small and Medium Enterprises (SMEs) are the small firms or companies whose numbers of employees are considerably less and operate independently (Analoui and Karami, 2003). Moreover, the yearly turnover of these companies is less as and when compared with a large organization. However, in many countries SMEs outnumber large organizations by a broad margin. According to reports, every year around 600,000 new SMEs are registered throughout the world. However, only 10 % of them sustains in the market. The remaining 90 % close down within two years of operation (Teall, 2012). Throughout the world small scale and micro enterprises are considered as an instrument of driving the economic growth (Johnson and Turner, 2010). Apart from that, they also play a crucial role in creating employment opportunities in a country. For this reason, especially government of most of the developing nations have put in tremendous efforts to enhance the competences of small and medium scale enterprises. However, despite the government’s effort and cooperation from financial institutions, SMEs have fallen short of expectations in many countries of the world. Similarly, in the context of Nigeria, SMEs have failed to meet the government’s expectation and have not played a vibrant role in the economic prosperity of Nigeria. This has caused serious concerns that whether SMEs have the capacity to bring economic development in Nigeria. SMEs have to deal with several challenges which reduce their capability to function and contribute substantially to the national economy (Onugu, 2005). This study will identify and examine the challenges faced by small and medium scale enterprises in Nigeria. Once the challenges are identified, the study will also recommend some of the possible ways by which the challenges can be surmounted. 4.1 Characteristics of SMEs in Nigeria As such, there is no definition of an SME, as the classification of businesses into small scale and large scale is based on qualitative judgement and is also subjective in nature. in addition, different countries have set different criteria for judging and classifying a SME. In order to cite an example, countries such as UK, USA and Canada consider the number of paid employees and annual turnover to categorize businesses (Ayyagari, Beck and Demirguc-Kunt, 2005). In the context of UK, a business is said to fall under the SMEs, if it has an annual turnover of ?2 million or less and cumulative employee strength of less than 200. On the other hand in Japan, small scale enterprises are defined in terms of paid up capital, type of industry and the number of paid employees. Consequently, in Japan the manufacturing companies are tagged as SMEs if they have ? 100 million as the paid up capital and around 300 employees. The wholesalers are classified as SMEs if they have ? 30 million as paid up capital and 100 employees. The services and retail trade are considered SMEs if they ... Read More
Cite this document
  • APA
  • MLA
(“The Challenges Faced by Small and Medium Scale Enterprises in Nigeria Dissertation”, n.d.)
Retrieved from https://studentshare.net/marketing/14126-small-and-medium-scale-enterprises
(The Challenges Faced by Small and Medium Scale Enterprises in Nigeria Dissertation)
“The Challenges Faced by Small and Medium Scale Enterprises in Nigeria Dissertation”, n.d. https://studentshare.net/marketing/14126-small-and-medium-scale-enterprises.
  • Cited: 0 times
Comments (0)
Click to create a comment
The Challenges Faced by Logistics Organisations in the UAE
To succeed in the highly competitive digital economy, organizations must manage the integration of business, technology, people, and processes not only within the enterprise but also across extended enterprises. Organizations successfully compete to search for new business paradigms that would lead to competitive advantage.
20 Pages(5000 words)Dissertation
Faisal -business development of small-scale businesses in saudi arabia
By “drivers of success” is meant that those factors that, if adequately present, would assure the success of the development of a small to medium scale enterprise. Background and Academic (brief scan of theory) A brief review of the important theories about the factors that impact on the performance of small and medium scale enterprises, show that the most common concerns include firm size, life cycle vis-a-vis age, the structure, innovativeness, and strategic alliances that the firm has built up.
8 Pages(2000 words)Dissertation
Foreign Banks Entry into Developing Countries: Impact on Lending to Small and Medium Enterprises (SMEs): The Ghanaian Experience
The newer means of communication and the prospects of modern technology changed everyone’s life. The facilities available today have marked great changes in the world of business and commerce. One of the most appropriate examples is “outsourcing” to India by U.S companies.
14 Pages(3500 words)Dissertation
To what extent employee satisfaction is an antecedent for customer satisfaction and loyalty among Small and medium Enterprises
60 Pages(15000 words)Dissertation
The Benefits of Information and Communication Technology in Henrich International Associates (HIA) A Small and Medium Enterprise
It is often regarded as a technology used for promoting communication within the organization. The study is aimed to evaluate how strategic information and communication technology can increase competitiveness of Henrich International Associates and the perceptions of their staff members pertaining to the benefits of ICT.
24 Pages(6000 words)Dissertation
The effect of electricity supply on Nigeria economy in Oyo state

The researcher has developed following research objectives in order to narrow down the scope of this project: to study the level of electricity supply in the rural areas in Nigeria; to understand the extent to which commercial and industrial activities in these areas are dependent on electric power and to study how modern policy changes have affected power supply in the rural areas in the country.

20 Pages(5000 words)Dissertation
The need of IFRS and the Problem of adopting it for UK Small and Medium Enterprises
When the whole system is in harmony and in synchronization, the small change gets distributed easily and rapidly. The accounting standards for the Small and Medium Scale Enterprises (SME) are going through such a phase of standardisation. Instead of following the GAAP or the full IFRS standards, the UK Small and Medium Scale Enterprises are adopting new IFRS standards designed and customised for SMEs only.
24 Pages(6000 words)Dissertation
How do Small-Medium Private enterprises contribute to the local economy in China -- look at ZheJiang Provice
Abstract Purpose of the Study: In relation to the case of Zhejiang Province in China, this study aims to determine how private small-medium enterprises (SMEs) contribute to the short- and long-term development of its local economy. Research Hypotheses: H1: Private SMEs in Zhejiang Province has a direct positive impact on its economic development; and H2: Private SMEs in Zhejiang Province has a direct positive impact on its social development.
54 Pages(13500 words)Dissertation
Impacts and implications on the performance and growth of small and medium-sized enterprises in London
In this research paper, after a review of the existing literature, new econometric results on the impact and implications on the performance of SMEs, the ongoing evidences of 2009 and forecasts (2010-2013), and drive some key financial and economic policy implications.
32 Pages(8000 words)Dissertation
Small and Medium Sized Enterprises
According to the report the foregoing represents a daunting challenge, in that these areas contain psychological as well as motivational facets, in addition to the organizational precepts. The cross-organizational implications, impacts, effects and influences are both subtle as well as profound, with the more successful enterprises employing both facets to maximise their success.
75 Pages(18750 words)Dissertation
Let us find you another Dissertation on topic The Challenges Faced by Small and Medium Scale Enterprises in Nigeria for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us