IDEAS home Printed from https://ideas.repec.org/a/bcp/journl/v4y2020i9p217-221.html
   My bibliography  Save this article

Examining the Influence of Strategic Management Practices on Small Scale Firms Performances in Niger Delta Region

Author

Listed:
  • Nwachukwu, Precious. Ikechukwu

    (Lecturer, Department of Petroleum Marketing and Business Studies, Federal Polytechnic of Oil and Gas Bonny, Rivers State, Nigeria)

  • Dappa, Jane. A

    (Lecturer, Department of Statistics, Federal Polytechnic of Oil and Gas Bonny, Rivers State, Nigeria)

  • Obasi, E. Ifeyinwa

    (Admin officer, School of General Studies, Federal Polytechnic of Oil and Gas Bonny, Rivers State, Nigeria)

Abstract

This paper investigated the influence of strategic management practices on small scale firm’s performances in Niger delta region. Using a descriptive design, a well structured questionnaire was adopted to obtain data from 1200 small scale firm manager within the nine states which constituted the region. Statistical package for social sciences (SPSS) version 23.0 was utilized for data analysis. Findings from the study disclosed that strategic management practices have a significant effect on small scale firms’ performances in the Niger delta region. Furthermore, the findings revealed that the effectiveness, survival, competitiveness, innovativeness, profitability etc of small scale firms, depends on how strategically a firm plan is drafted and implemented. The study concludes that strategic management is vital in ensuring the survival and sustainability of small scale firms in the Niger delta region given the significant relationship it has on performance. Base on that, it was recommended among others that Small scale firms owners should study their firms and plan strategically for potential areas of competitive advantage to the firm.

Suggested Citation

  • Nwachukwu, Precious. Ikechukwu & Dappa, Jane. A & Obasi, E. Ifeyinwa, 2020. "Examining the Influence of Strategic Management Practices on Small Scale Firms Performances in Niger Delta Region," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 4(9), pages 217-221, September.
    • Handle: RePEc:bcp:journl:v:4:y:2020:i:9:p:217-221
    as

    Download full text from publisher

    File URL: https://www.rsisinternational.org/journals/ijriss/Digital-Library/volume-4-issue-9/217-221.pdf
    Download Restriction: no
    File URL: https://rsisinternational.org/virtual-library/papers/examining-the-influence-of-strategic-management-practices-on-small-scale-firms-performances-in-niger-delta-region/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Nomsa Sisi Majama & Tebogo Israel ¡®Teddy¡¯ Magang, 2017. "Strategic Planning in Small and Medium Enterprises (SMEs): A Case Study of Botswana SMEs," Journal of Management and Strategy, Journal of Management and Strategy, Sciedu Press, vol. 8(1), pages 74-103, February.
    2. Rudd, John M. & Greenley, Gordon E. & Beatson, Amanda T. & Lings, Ian N., 2008. "Strategic planning and performance: Extending the debate," Journal of Business Research, Elsevier, vol. 61(2), pages 99-108, February.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Wissal Affes & Habib Affes, 2022. "Business Model and Firm Performance in Tunisian Firms: a Mediated Moderation Analysis," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(4), pages 2822-2839, December.
    2. Ahmed Imran Hunjra & Nuzhat Shamim & Babar Khalid, 2014. "Impact of Strategic Planning on the Financial Performance of Small and Medium Banks in Islamabad," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 3(2), pages 96-130, June.
    3. Phillips, Paul & Moutinho, Luiz, 2014. "Critical review of strategic planning research in hospitality and tourism," Annals of Tourism Research, Elsevier, vol. 48(C), pages 96-120.
    4. Tarek Ibrahim Eldomiaty & Mohamed Hashem Rashwan & Mohamed Bahaa El Din & Waleed Tayel, 2016. "Firm, industry and economic determinants of working capital at risk," International Journal of Financial Engineering (IJFE), World Scientific Publishing Co. Pte. Ltd., vol. 3(04), pages 1-29, December.
    5. Theoharakis, Vasilis & Zheng, Yuyan & Zhang, Long, 2024. "Dynamic strategic marketing planning: The paradox of concurrently reconfiguring and implementing strategic marketing planning," Journal of Business Research, Elsevier, vol. 174(C).
    6. Stojan Debarliev & Marija Trpkova, 2011. "Strategic planning practice in transition economies: Empirical evidence from the Macedonian context," Business and Economic Horizons (BEH), Prague Development Center, vol. 4(1), pages 27-39, January.
    7. Paul Llwellyn Flemming, 2017. "Building a Climate of Change with a link through Transformational Leadership and Corporate Culture: A Management key to a Global Environment," International Journal of Business and Social Research, MIR Center for Socio-Economic Research, vol. 7(1), pages 44-55, January.
    8. Hamzah E. Alqudah & Mani Poshdar & Luqman Oyekunle Oyewobi & James Olabode Bamidele Rotimi & John Tookey, 2023. "Sustaining Construction Organisations in NZ: A Linear Regression Model Approach to Analysing Determinants of Their Performance," Sustainability, MDPI, vol. 15(5), pages 1-18, February.
    9. Paul L. Flemming & Barbara E. Flemming, 2017. "The Link between Transformational Leadership Traits and Corporate Culture Types: The Prerequisites for Sustainable Performance in Public and Private Sectors Organizations," Business and Management Studies, Redfame publishing, vol. 3(1), pages 55-70, March.
    10. Mohamed Laid Ouakouak, 2018. "Does a strategic planning process that combines rational and adaptive characteristics pay off ? Evidence from European firms," Australian Journal of Management, Australian School of Business, vol. 43(2), pages 328-349, May.
    11. Škrinjar, Rok & Trkman, Peter, 2013. "Increasing process orientation with business process management: Critical practices’," International Journal of Information Management, Elsevier, vol. 33(1), pages 48-60.
    12. Peter Maik Hamann & Oliver Halw & Thomas W. Guenther, 2023. "Meta‐analysis of the corporate planning–organizational performance relationship: A research note," Strategic Management Journal, Wiley Blackwell, vol. 44(7), pages 1803-1819, July.
    13. Tadios Munodawafa & Micheline Naude & Krishna K. Govender, 2024. "Assuring the Sustainability and Growth of Small and Medium-Sized Manufacturing Enterprises in Botswana: An Exploratory Study," International Journal of Economics and Financial Issues, Econjournals, vol. 14(4), pages 253-266, July.
    14. Titus Jr., Varkey K. & Covin, Jeffrey G. & Slevin, Dennis P., 2011. "Aligning strategic processes in pursuit of firm growth," Journal of Business Research, Elsevier, vol. 64(5), pages 446-453, May.
    15. Thomas Schaefer & Thomas Guenther, 2016. "Exploring strategic planning outcomes: the influential role of top versus middle management participation," Journal of Management Control: Zeitschrift für Planung und Unternehmenssteuerung, Springer, vol. 27(2), pages 205-249, May.
    16. Mariana Monserrat Valenzuela Montoya & Ana Maria Vazquez Espinoza & Roberto Burgueno Romero & Griselda Guillen Ojeda, 2016. "Model To Profesionalize And Improve The Competitiveness Of Business In The Mexicali Valley, Modelo De Profesionalizacion Para Mejorar La Competitividad De Las Empresas Del Sector Comercial En El Valle," Revista Internacional Administracion & Finanzas, The Institute for Business and Finance Research, vol. 9(3), pages 83-101.
    17. Dibrell, Clay & Craig, Justin B. & Neubaum, Donald O., 2014. "Linking the formal strategic planning process, planning flexibility, and innovativeness to firm performance," Journal of Business Research, Elsevier, vol. 67(9), pages 2000-2007.
    18. Molina-Sánchez, Rubén & García-Pérez-de-Lema, Domingo & López-Salazar, Alejandra & Godínez-López, Roberto, 2022. "Determining factors in MSMEs success: An empirical study in Mexico," Small Business International Review, Asociación Española de Contabilidad y Administración de Empresas - AECA, vol. 6(1), pages 384-384, January.
    19. Sirén, Charlotta & Kohtamäki, Marko, 2016. "Stretching strategic learning to the limit: The interaction between strategic planning and learning," Journal of Business Research, Elsevier, vol. 69(2), pages 653-663.
    20. Debarliev, Stojan & Trpkova, Marija, 2011. "Strategic planning practice in transition economies: Empirical evidence from the Macedonian context," Business and Economic Horizons (BEH), Prague Development Center (PRADEC), vol. 4(01), pages 1-13, January.

    More about this item

    Statistics

    Access and download statistics

    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:bcp:journl:v:4:y:2020:i:9:p:217-221. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Dr. Pawan Verma (email available below). General contact details of provider: https://rsisinternational.org/journals/ijriss/ .

    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.