IDEAS home Printed from https://ideas.repec.org/a/nup/jrmdke/v7y2019i4553-569.html
   My bibliography  Save this article

Survival Strategies and Sustainability of Small and Medium Enterprises in a Volatile Environment

Author

Listed:
  • Sunday Abayomi ADEBISI

    (University of Lagos)

  • Nimota Adefunke BAKARE

    (University of Lagos)

Abstract

Small and medium enterprises (SMEs) have been considered as one of the engines of economic growth, sustainability, and industrial development of a nation, however, the survival rate of SMEs in Nigeria has been seriously affected by the volatile environment in which they operate. The use of survival strategies has also been one of the major challenges facing the business since most people believe that strategies are only meant for large and multinational companies. This study, therefore, examines the survival strategies and sustainability of small and medium enterprises in a volatile business environment using a quantitative approach. The data were administered through a questionnaire to 350 respondents from small and medium enterprises in Lagos State, Nigeria. The questionnaire was analyzed with the use of the Structural Equation Model. The results reveal that there is a significant and positive relationship between survival strategies and sustainability of small and medium scale enterprises in Nigeria.

Suggested Citation

  • Sunday Abayomi ADEBISI & Nimota Adefunke BAKARE, 2019. "Survival Strategies and Sustainability of Small and Medium Enterprises in a Volatile Environment," Management Dynamics in the Knowledge Economy, College of Management, National University of Political Studies and Public Administration, vol. 7(4), pages 553-569, December.
    • Handle: RePEc:nup:jrmdke:v:7:y:2019:i:4:553-569
    as

    Download full text from publisher

    File URL: http://www.managementdynamics.ro/index.php/journal/article/download/337/283
    Download Restriction: no
    File URL: http://www.managementdynamics.ro/index.php/journal/article/view/337/283
    Download Restriction: no
    ---><---

    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:nup:jrmdke:v:7:y:2019:i:4:553-569. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Cristian-Mihai VIDU (email available below). General contact details of provider: https://edirc.repec.org/data/fmsnsro.html .

    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.