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International Journal of Management and Business Research

The Impact of Business Environment on the Survival of Small Scale Businesses in Nigeria

K. Agbolade Obasan
Department of Business Administration, Olabisi Onabanjo University, Ogun State, Nigeria
Abstract :

the best deal. Nowhere is more real than today business environment which affect the success or otherwise of any business venture. Several authors have attributed failure of businesses particularly small and medium scale enterprises to various factors ranging from training of the entrepreneur to exposure and experience while some analysts opined that business environment could impact on small and medium scale enterprises. Hence, using the logistic regression technique to analyze primary data obtained through a structured questionnaire administered to Eighty small scale businessmen and women operators in Ijebu North Local Government area, (Ogun State) South-West Nigeria, this study seeks to ascertain the nature of the relationship between business environment and the survival of small and medium scale businesses in Nigeria.
The obtained result revealed that the model of logistic regression was able to predict the distribution of 72.15% of the observed values of the dependent variable as factors such inflationary trend; infrastructural facilities accessibility and government policy serve as barriers to business growth and survival. Hence, it is recommended that small business operators must developed and adopt scientific and rational business management strategies that will aid and increase their understanding of both their business and its environment in order to facilitate planning and predictions on the most significant factors that affects business survival.

Keywords :
Business environment; Small scale business; Survival; Strategies; Opportunities; threats

Date Deposited : 26 Mar 2016 11:25

Last Modified : 28 Mar 2016 14:56

Official URL: http://www.ijmbr.org/article_2872_473.html

Volume 4, Number 3, - 2014

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