scholarly journals Use of Information and Communication Technology by Small and Medium Enterprises in Ogun State, Nigeria

2019 ◽  
pp. 1-20
Author(s):  
Oyediran George Oyebiyi
Keyword(s):  
Developing Countries ◽  
Small And Medium Enterprises ◽  
Demographic Variable ◽  
Sampling Technique ◽  
Information And Communications Technology ◽  
Technological Advancement ◽  
Ogun State ◽  
Information And Communication ◽  
Medium Enterprises ◽  
Structured Questionnaire

Small and medium enterprises have emerged as promising opportunities to eliminate and reduce unemployment globally. Increasing levels of technological advancement has revolutionized the dynamics of the business terrain. However, SMEs in developing countries are yet to fully explore the benefits of Information and Communications Technology. Survey data was collected from 75 SME ICT users and non-users in Abeokuta and Otta through a structured questionnaire using stratified random sampling technique. Results of regression analysis revealed that demographic variable (Staff Strength) significantly influences use of ICT among SMEs while SME service delivery had no influence on ICT use. Also, analysis of variance on the categories of SMEs was not a determinant factor on the use of ICT. The outcome of this study has implications for owners/ managers of SMEs, stakeholders, government and academic researchers in developing countries as it can provide patterns to help bridge the existing digital divide especially among Nigerian SMEs.

scholarly journals Entrepreneurial Resilience and Performance of an Organization: A Survey of Small and Medium Enterprises in Asaba, Delta State, Nigeria

Webology ◽  
2020 ◽  
Vol 17 (2) ◽  
pp. 445-461
Author(s):  
Ibini Emueje ◽  
Henry Odigwe Olannye ◽  
A.P. Olanye
Keyword(s):  
Organizational Performance ◽  
Small And Medium Enterprises ◽  
Design Method ◽  
Sampling Technique ◽  
Cross Sectional ◽  
Research Survey ◽  
And Performance ◽  
Medium Enterprises ◽  
Positive Effect ◽  
Structured Questionnaire

Resilience is a vibrant process of adaptation which enables entrepreneurs to constantly direct a futuristic aspiration despite the volatile conditions of a market. The study examined entrepreneurial resilience on the performance of small and medium enterprises organization in Asaba, Delta State. The cross-sectional research survey research design method was employed. The study adopted the stratified random sampling technique. The sample size used was limited to 201 respondents. A structured questionnaire was the research instrument employed in the study. Descriptive statistics as well as multiple regression analysis was used to analyse the data collected. Findings showed overwhelmingly that resourcefulness, strategic diversity and pro-activeness has a substantial positive relationship with organizational performance. The study concluded that entrepreneurial resilience has a positive effect on organizational performance. The study result showed that resourcefulness has the highest affirmative effect on organizational performance. Thus, the study recommended that if enterprises understand the nature of the association amid the dimensions of entrepreneurial resilience, the failure rate of small and medium enterprises can be reduced.

EFFECT OF MICRO LENDING RATE ON SMES GROWTH IN NIGERIA

2021 ◽  
Vol 9 (1) ◽  
pp. 62-78
Author(s):  
Adegbite Adewale ◽  
◽  
Alli Ismail ◽  
Keyword(s):  
Interest Rate ◽  
Small And Medium Enterprises ◽  
Negative Relationship ◽  
Sampling Technique ◽  
Least Square ◽  
Primary Data ◽  
Ogun State ◽  
Significant Negative Relationship ◽  
Ordinary Least Square Regression ◽  
Medium Enterprises

Small and medium enterprises are acknowledged as the lubricants that wheel the socio-economic development of a nation yet their growth has been stunted by harsh fiscal and monetary policies. This study seeks to investigate the effect of micro financing interest rate on small and medium scale enterprises growth in Lagos and Ogun State, Nigeria. Primary data was employed using structured self-administered questionnaire with five-point Likert scale. The study adopted a descriptive survey research design to give an accurate description of the research variables. Yaro Yamane’s sampling technique was used to select four hundred (400) SMEs from the total population of thirteen thousand four hundred and fifty-seven (13,457) in both Lagos and Ogun States, while stratified and proportionate sampling methods are used to determine the sample size of three hundred and fourty eight (348) SMEs in Lagos state and fifty-two (52) in Ogun state. Ordinary Least Square Regression (OLS) was used to estimate the regression. In the study, one hypothesis was formulated and tested. The results from the hypothesis tested revealed that a significant negative relationship exist between micro finance interest rate and SMEs growth in Nigeria at 5 per cent level (tc= -1.570731; p= 0.0009). Based on the finding, the study concluded that significant negative relationship exist between micro finance interest rate and small & medium enterprises growth in Nigeria. The study recommends that microfinance banks should charge moderate interest rate to SMEs without stringent collateral requirements to boosts SMEs growth in Nigeria.

scholarly journals The Study of Self-employment at SMEs Level with Reference to Poverty in Developing Countries

2017 ◽  
Vol 6 (2) ◽  
pp. 33 ◽  
Author(s):  
Muhammad Nawaz Tunio ◽  
Aqeel Ahmed Soomro ◽  
Dieter Bogenhold
Keyword(s):  
Developing Countries ◽  
Small And Medium Enterprises ◽  
Research Question ◽  
Self Employment ◽  
Gig Economy ◽  
Information And Communication ◽  
Narrative Literature ◽  
Narrative Literature Review ◽  
Research Stream ◽  
Medium Enterprises

This study endeavors to answer the research question; how self-employment at Small and Medium Enterprises (SMEs) level is related to poverty in the developing countries. During these efforts, we used the narrative literature review, methodology, to study related research stream in this domain to develop a better understanding of the phenomenon. Moreover, in the process Peter Ducker and Noel’s theory of entrepreneurship and Israel Kirzner’s theory of entrepreneurship reviewed to develop theoretical foundations of our research. In this research, we come to the observation that self-employment at SMEs level, somehow helps in fighting poverty in the developing countries. In addition, interestingly Information and Communication Technology (ICT) role has been significant in the developing countries from the context of gig economy, where the firms might not be found in yellow pages, but yet they are part of the economic system against poverty (Subrahmany, 2005).  

A technology, organisation and environment framework analysis of information and communication technology adoption by small and medium enterprises in Pietermaritzburg

2020 ◽  
Vol 22 (1) ◽  
Author(s):  
Joseph N. Jere ◽  
Nsikelelo Ngidi
Keyword(s):  
Developing Countries ◽  
Information And Communication Technology ◽  
Communication Technology ◽  
Quantitative Methods ◽  
Small And Medium Enterprises ◽  
Background Information ◽  
Research Approach ◽  
Intention To Adopt ◽  
Information And Communication ◽  
Medium Enterprises

Background: Information and communication technology (ICT) has been a major contributor to world economic growth. Information and communication technology has played a vital role when it comes to the growth of small and medium enterprises (SMEs). In developed countries, SMEs are making use of ICT to support their business functions, although this has not been the case in most developing countries. The Global Entrepreneurship Monitor argues that the survival rate of newly established businesses is generally poor, with SMEs in developing countries performing even worse than the standard survival rates.Objectives: This study aims to investigate the determinants that influence the intention to adopt ICT by SMEs in developing countries using Pietermaritzburg in South Africa as an example to understand this phenomenon.Method: The study made use of quantitative methods as its fundamental research approach. A total of 227 SMEs in Pietermaritzburg were surveyed using a close-ended questionnaire. The technology, organisation and environment framework was used as a lens to understand the study, and a structural equation modelling (SEM) approach was applied to analyse the data from respondents.Results: The study revealed that the technology context is the most influential determinant with a regression weight of 0.975 and that both technology and organisation contexts (-0.221) are significant determinants that influence the intention to adopt ICT amongst SMEs in developing countries.Conclusion: Based on the findings of the study, it is evident that SMEs need to pay particular attention to ICTs that are relevant to them, including the characteristics and resources of the organisation to successfully adopt these technologies.

scholarly journals Financial Re-Engineering and Growth in Performance of Small and Medium Enterprises (SMEs) in Nigeria

2020 ◽  
pp. 670-690
Author(s):  
Adegbie Folajimi Festus ◽  
Olaore O. Oyindamola
Keyword(s):  
Sampling Method ◽  
Business Processes ◽  
Small And Medium Enterprises ◽  
Sampling Technique ◽  
Sales Growth ◽  
Alpha Coefficient ◽  
Retrieval Rate ◽  
Multi Stage ◽  
Medium Enterprises ◽  
Structured Questionnaire

Small and Medium Enterprises are the major engine room for growth of every nation.In recent times, studies have shown that business processes have become complex and these have affected the sustainability of SMEs. Changes in business processes require organizations to be dynamic and exploit opportunities perceived to influence performance of small and medium enterprises (SMEs). The study examined the effect of financial reengineering on the growth in performance of SMEs in Nigeria. The study employed survey research design. The sampled population was 11,663 SMEs in Lagos State,the business heartbeat of Nigeria. Using Taro Yamane formula, Sample size was 387. The owners/managers of these SMEs were selected through a multi-stage sampling technique involving stratified and proportionate sampling method. 387 copies of structured questionnaire were administered with a retrieval rate of 100%. Cronbach alpha coefficient ranged from 0.707 to 0.832. Descriptive and inferential statistics were used for data analysis. The findings revealed that financial re-engineering has significant effect on sales growth of SMEs.........

scholarly journals Entrepreneurial Resilience and Performance of an Organization: A Survey of Small and Medium Enterprises in Asaba, Delta State, Nigeria

2020 ◽  
Author(s):  
AISDL
Keyword(s):  
Organizational Performance ◽  
Small And Medium Enterprises ◽  
Design Method ◽  
Sampling Technique ◽  
Cross Sectional ◽  
Research Survey ◽  
And Performance ◽  
Medium Enterprises ◽  
Positive Effect ◽  
Structured Questionnaire

Resilience is a vibrant process of adaptation which enables entrepreneurs to constantly direct a futuristic aspiration despite the volatile conditions of a market. The study examined entrepreneurial resilience on the performance of small and medium enterprises organization in Asaba, Delta State. The cross-sectional research survey research design method was employed. The study adopted the stratified random sampling technique. The sample size used was limited to 201 respondents. A structured questionnaire was the research instrument employed in the study. Descriptive statistics as well as multiple regression analysis was used to analyse the data collected. Findings showed overwhelmingly that resourcefulness, strategic diversity and pro-activeness has a substantial positive relationship with organizational performance. The study concluded that entrepreneurial resilience has a positive effect on organizational performance. The study result showed that resourcefulness has the highest affirmative effect on organizational performance. Thus, the study recommended that if enterprises understand the nature of the association amid the dimensions of entrepreneurial resilience, the failure rate of small and medium enterprises can be reduced.

scholarly journals Analysis of Environmental Complexities and the Associated Dynamics for Development of SME Sector in Pakistan

2012 ◽  
Vol 4 (9) ◽  
pp. 496-501
Author(s):  
Abdul Majid ◽  
Naila Tabassum .
Keyword(s):  
Developing Countries ◽  
Data Collection ◽  
Small And Medium Enterprises ◽  
Research Work ◽  
Sampling Technique ◽  
Business Environment ◽  
Primary Objective ◽  
Cluster Sampling ◽  
Structured Interviews ◽  
Medium Enterprises

The primary objective of this research is to explore the complex and dynamic behavior of the business environment for small and medium enterprises. While investigating into the complexities and dynamism of the business environment, this research would also attempt to suggest some guidelines for the development and growth of SME sector in Pakistan. Cluster sampling technique has been used for this research. For the purpose of data collection semi structured interviews have be conducted from eighty entrepreneurs from four SME clusters. This research work concludes that the business environment in Pakistan is relatively more complex in nature than other developing countries. To develop the SME sector in Pakistan it is necessary to understand and manage the environmental complexities with in-depth environmental analysis.

Supporting Small and Medium Enterpries to Access Technological Innovation State Fund: International Experience and Lessons for Vietnam

2018 ◽  
Vol 34 (1) ◽  
Author(s):  
Huong Vu Thanh ◽  
Thu Anh Nguyen ◽  
Mai Thi Thanh Nguyen
Keyword(s):  
Developing Countries ◽  
Technological Innovation ◽  
Financial Support ◽  
Technology Innovation ◽  
Small And Medium Enterprises ◽  
International Experience ◽  
Advanced Technologies ◽  
Medium Enterprises ◽  
Developed Nations ◽  
State Fund

Technological innovation state funds supporting small and medium enterprises (SMEs) are not common in the developing countries like Vietnam, but are common in the developed nations like the European countries and Korea. The financial and non-financial support of these funds has contributed significantly to the development of many SMEs. Learning from the funds which have successfully facilitated SMEs in innovating and developing advanced technologies is meaningful to the Vietnamese sicence and techonology management bodies and state funds. This article will review the experience of some typical fund in supporting SMEs, thereby providing some lessons for technology innovation Funds of Vietnam to create a more favorable environment for SMEs to access funds.

A Conceptual Framework for the Acceptance of E-Commerce Technologies among Organizations in Developing Countries

2020 ◽  
pp. 205-210
Author(s):  
A. M. Meirmanova
Keyword(s):  
Developing Countries ◽  
Conceptual Framework ◽  
Small And Medium Enterprises ◽  
Cultural Dimensions ◽  
Cultural Dimension ◽  
Unified Theory ◽  
Use Of Technology ◽  
Hofstede’S Cultural Dimensions ◽  
Hofstede's Cultural Dimensions ◽  
Medium Enterprises

The presented study examines e-commerce technologies a new conceptual framework of the unified theory of acceptance and use of technology among small and medium enterprises (SMEs) in developing countries.Aim. The study aims to identify factors for the implementation and acceptance of e-commerce among small and medium enterprises (SMEs) in developing countries.Tasks. The authors utilize tools of G. Hofstede’s cultural dimensions theory to describe the emotional attitude of an individual to the use of technology.Methods. This study examines various aspects of the method of the unified theory of acceptance and use of technology (UTAUT), which is implemented in many studies of behavioral intentions of individuals in the adoption of new technologies.Results. For the first time, a conceptual (predictive) model based on four moderating variables is proposed. The variables include such cultural dimension parameters as power distance index  (PDI), individualism/collectivism  (IDV), uncertainty avoidance  (UAI), and long-term/short-term orientation (LTO). These moderators boost the effect of the basic constructs on the behavioral propensity for the use and application of technologies.Conclusions. Based on the considered conceptual framework, the authors propose a number of recommendations for the development of tools that would ensure the required level of employee engagement in the acceptance and use of e-commerce technologies among small and medium enterprises (SMEs) in developing countries. Another promising direction involves using the tools of G. Hofstede’s cultural dimensions theory to examine the specific aspects of the acceptance and use of information technology among organizations belonging to different national business cultures.

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