Enhancing Market Performance for Small and Medium Enterprises (SMEs) in Nigeria through Digital Transformation

Peter, F. and Peter, Adeshola Enhancing Market Performance for Small and Medium Enterprises (SMEs) in Nigeria through Digital Transformation. African Journal of Business and Economic Development.

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Abstract

Market assistance plays a vital role in the success of small and medium enterprises (SMEs) as they often lack the resources to manage extensive marketing activities that larger enterprises can afford. SMEs require institutional support to address this marketing resource gap. This study investigates the influence of market support programs on SME performance across three Nigerian states, utilizing a mixed-method approach involving surveys and semi-structured interviews. Out of 400 questionnaires distributed to SME operators, 360 were deemed suitable for analysis. Additionally, 20 interviews were conducted with SME operators. Multiple regression was employed to analyze survey responses, while thematic analysis was used to evaluate qualitative interview data. The results underscore the substantial impact of marketing support on SME performance. Nevertheless, the qualitative analysis uncovered critical insights. Consequently, it is recommended that marketing assistance programs prioritize the establishment of a robust digital presence to further enhance SME performance

Item Type: Article
Subjects: H Social Sciences > H Social Sciences (General)
Depositing User: Dr Fred Peter
Date Deposited: 15 Jan 2024 07:49
Last Modified: 15 Jan 2024 07:49
URI: https://eprints.lmu.edu.ng/id/eprint/4466

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