SCANNING TASK AND GENERAL ENVIRONMENTS: A COMPARATIVE EFFECT ON THE PERFORMANCE OF SMES IN LAGOS STATE, NIGERIA
Date
2017
Authors
Olayiwola, P.O.
Akeke, I.N.
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Abstract
The study examined the relationship between environmental scanning and the financial and nonfinancial
performance of SMEs in Lagos State, Nigeria. The survey research design was adopted.
The population of the study comprised 3864 Small and Medium Enterprises in Lagos State,
Nigeria. Stratified and purposive sampling techniques were used to select the participating
SMEs. Results showed a positive and significant relationship between task and general
environmental scanning and performance. In addition, task and general environmental
scanning jointly predicted the performance of SMEs. It is recommended that SMEs owners should
concentrate more on the task environment as it has a more direct effect on organizational
objectives. In addition, the size of the general environment is usually large, available staff
may not have the competency required and the cost may be too large for SMEs. Hence owner-manager
should concentrate efforts on scanning the immediate environment. While an attempt
could be made toward outsourcing general environmental scanning information from business
research agencies at a reduced cost.
Description
Keywords
Task/immediate environment , Rremote/general/macro environment , SMEs performance
Citation
OLAYIWOLA, P. O., & AKEKE, I. N. (2018). SCANNING TASK AND GENERAL ENVIRONMENTS: A COMPARATIVE EFFECT ON THE PERFORMANCE OF SMES IN LAGOS STATE, NIGERIA. FOUNTAIN UNIVERSITY OSOGBO JOURNAL OF MANAGEMENT, 2(1).