Social Sciences
| Open Access |
DOI: External Business Environment and Entrepreneurial Performance On Smes In South East, Nigeria
Daniel Okon Udofia , Department Of Management Faculty Of Management Sciences Esut Business School Enugu State University Of Science And Technology, NigeriaAbstract
The study was carried out to examine the relationship between external business environment and entrepreneurial performance of SMEs in South East, Nigeria. The specific objectives were to: Examine the relationship between infrastructural facilities and service quality of SMEs in South East, Nigeria; Evaluate the relationship between government taxation policy and sales revenue of SMEs in South East, Nigeria and assess the relationship between new technologies and SMEs market growth of SMEs in South East, Nigeria. The descriptive survey research design was used to conduct the investigation. The area of the study was South East Nigeria. The study employed both primary and secondary data. The population of the study was 8,379,997. Freund and Williams formula was adopted in determining the sample size of 368. The data collected was analyzed using Mean and standard deviation while the hypotheses were tested using simple regression. The findings revealed that Infrastructural facilities have positive relationship with service quality of SMEs in South East, Nigeria (r =.465, N= 360, P=.000), Government taxation policy had positive relationship with sales revenue of SMEs in South East, Nigeria (r =.539, N= 360, P=.000) and new technologies have positive relationship with SMEs market growth of SMEs in South East, Nigeria (r =.406, N= 360, P =.000). In conclusion, this study demonstrates the significance of the external business environment in shaping the entrepreneurial performance of SMEs in South-East, Nigeria. The study recommended, among others, that Policymakers should prioritize the development of infrastructural facilities to support SME growth, also the government should review and reform taxation policies to create a favorable business environment for SMEs.
Keywords
External business environment, entrepreneurial performance, infrastructural facilities
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