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The Effect of Business Strategy on Organizational Performance of Small-Medium Scale Enterprises in the Manufacturing Sector of Ghana

Author : John Parker Yanney

Publisher : GRIN Verlag

Page : 16 pages

File Size : 38,58 MB

Release : 2015-03-23

Category : Business & Economics

ISBN : 3656926174

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Book Description

Scientific Essay from the year 2014 in the subject Business economics - Accounting and Taxes, ( Atlantic International University ) (Faculty of Business and Economics), course: Business Management, language: English, abstract: This study examined the impact of business strategy on the organizational performance of Small-Medium Scale Enterprises (SMEs) in the manufacturing sector of Ghana. Whereas some SMEs are aware of the extent to which strategy can impact on their businesses, not much has been studied to identify the specific strategies which can be used to improve the performance of the SMEs. The study made use of questionnaires which were adminstered to 100 respondents who were randomly drawn from 10 SMEs. The performance indices were derived from a time series data from 2008 to 2013 on sales, profits before tax and labour size. Regression and analysis of variance (ANOVA) were run to examine the relationship between strategy and organizational performance. It was found that, business strategy statistically and significantly impacted on organizational. Again, cost leadership significantly influenced organizational behaviour but differentiation and focus strategies did not. The study recommends that the SMEs should strategic enough and also take advantage of cost leadership to enhance growth and induce greater organizational performance.



Business Strategy and Leadership Style: Impact on Organizational Performance in the Manufacturing Sector in Ghana

Author : John Parker Yanney

Publisher : GRIN Verlag

Page : 150 pages

File Size : 43,2 MB

Release : 2015-02-03

Category : Business & Economics

ISBN : 3656888906

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Doctoral Thesis / Dissertation from the year 2014 in the subject Business economics - Business Management, Corporate Governance, grade: B, ( Atlantic International University ) (Department Of Business Administration, Atlantic International University, USA), course: Business Management, language: English, abstract: This study sought to investigate the impact of leadership styles and business strategy on the organizational performance of Small-Medium Scale Enterprises (SMEs) in the manufacturing sector of Ghana. This had become necessary due to the fact that available literature on the subject matter lacked precision in terms of the specific leadership style and strategy which could better be employed to improve performance in the chosen area of study. A field survey (by means of questionnaires) was conducted in Accra, involving 60 CEOs and Senior managers drawn from 10 organizations, which were randomly sampled for the study. In addition, a time series data from 2008 to 2013 on sales, profits before tax and employment from the 10 organizations were collected to develop performance indices for the organizations. Regression and analysis of variance (ANOVA) were then run to examine the relationship between leadership, strategy and organizational performance. The study revealed that leadership and business strategy statistically and significantly impacted on organizational performance but strategy had the greater influence. Again, transformational leadership style and cost leadership significantly influenced organizational behaviour (p=.000



Effect of Strategic Management on the Performance of Small and Medium Scale Enterprises (SMEs) in South-east Region of Nigeria

Author : Udeme Usanga

Publisher : GRIN Verlag

Page : 59 pages

File Size : 23,36 MB

Release : 2023-09-04

Category : Business & Economics

ISBN : 334693313X

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Academic Paper from the year 2021 in the subject Business economics - Business Management, Corporate Governance, , course: Management Sciences, language: English, abstract: This study examined the impact of strategic management on SMEs performance in South-east Nigeria. A survey of 398 respondents were randomly selected from Small and Medium Enterprises (SMEs) that registered with the Ministry of Commerce and Industry in Abia, Anambra, Ebonyi, Enugu and Imo States were used for the study. Well-structured questionnaire was use for collection of data from respondents. Hypotheses were formulated and data analysis was performed with the using Frequencies, Percentages, and Regression Analysis. Result reveals that majority of respondents are male (57%), married (69%), with Secondary education (45%), with household size of 6-10 Persons (45%), with SME experience between 6 – 10 years (35.68%). Majority of enterprises in the study area were small –sized businesses (51.5%), providing services (65%), with fixed assets in buildings/factories including machinery/equipment worth N2 – 5 million (26%), current asset base of cash/draft at Banks and inventory/raw materials worth N2 – 5 million (31%), with human capital asset (number of employees) of 1 – 5 workers (51.5%) and number of branches (88%). About 96.5% did not apply any of the management strategy practices in their operations. Details of the results on the effects of strategic management practices on SMEs’ Performance further showed an average mean of 4.19. The R2 of 74% of the variation in the dependent variable “employee training and job satisfaction is caused by the explanatory variable “Planning and Organizational Structure, with a probability value (t-cal = 34.014); environmental analysis strategy and resource allocation on market share (92%) with t-cal (66.76), implementation strategy and Customer Satisfaction (99%) t-cal = (165.015). The R2 of .860, about 84% of the variation in the dependent variable, Sales Revenue/Profitability by evaluation strategy with regression result, (t-cal = 49.496) indicate a positive effect. Based on the findings, the study concluded that the strategic planning process has not been fully implemented by SMEs operators in the South-east Region of Nigeria. The study therefore recommends that SMEs operators/managers should be motivated to align their performance to the planned goals in their strategic plan. If these elements are consciously integrated into SME business plans and judiciously implemented, there would be a stimulating effect on the overall performance of these enterprises; thus triggering growth, profit and sustainability.



Strategy and Superior Performance of Micro and Small Businesses in Volatile Economies

Author : Carvalho, João Conrado de Amorim

Publisher : IGI Global

Page : 409 pages

File Size : 49,56 MB

Release : 2019-02-08

Category : Business & Economics

ISBN : 1522578897

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Book Description

Companies operating in countries with volatile economies face an environment subject to turbulence. It is important to understand how these companies can overcome adversity, establish competitive advantage, and achieve superior performance. The selection of competitive drivers can help to improve the ability to capture, process, and manage information that can generate knowledge and innovation in products and processes, as well as increase strategic capacity and organizational performance. Strategy and Superior Performance of Micro and Small Businesses in Volatile Economies focuses on the ways that organizations capture information and disseminate it in their work teams, transforming this knowledge into innovative products and services that establish competitive advantage. It will improve the understanding of the role of strategy, innovation, entrepreneurship, and the effort to reduce poverty levels in societies with volatile economies and which are subject to serious social disparities. Highlighting topics such as economic development, market performance, and network economy, this publication is designed for managers, entrepreneurs, business professionals, academicians, researchers, and students.



African Small and Medium Enterprises, Networks, and Manufacturing Performance

Author : Tyler Biggs

Publisher : World Bank Publications

Page : 41 pages

File Size : 31,53 MB

Release : 2006

Category : Business networks

ISBN :

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Book Description

"This paper examines the role of private support institutions in determining small and medium enterprise (SME) growth and performance in Sub-Saharan Africa (SSA). It finds that SMEs in SSA get around market failures and lack of formal institutions by creating private governance systems in the form of long-term business relationships and tight, ethnically-based, business networks. There are important links between these informal governance institutions and SME performance. Networks raise the performance of "insiders" and, in the sparse business environments of the SSA region, have attendant negative consequences for market participation of "outsiders," such as indigenous African SMEs. This is indicated through the determinants of access to supplier credit. Policy interventions will be needed to improve the platform for relation-based governance mechanisms and to address the exclusionary effects of tight networks. "





Re-examining the Determinants of Small- and Medium-sized Enterprises

Author : Philip Arthur

Publisher :

Page : pages

File Size : 39,80 MB

Release : 2011

Category : Small business

ISBN :

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Book Description

This paper looks at the effects of the six main independent variables (sources of finance, social capital, ownership type, government policies, age and size, and human capital) on the main dependent variable (performance profitability and growth) of small and medium-sized enterprises (SMEs) in Ghana (the context for the project). The thesis is in three (3) parts. Project One (1) is the thematic literature review of the independent and dependent variables in this study. The review introduces the literature on the characteristics of SMEs in Ghana, and refers to SMEs in the developed world in order to compare the contributions and characteristics of SMEs worldwide. Information about the Ghanaian economy is provided, in order to set the context of the study. In addition, project one reviews the manufacturing and hospitality sectors and notes reasons for which they are the focus of this project. It ends with a presentation of summary of the review. Within this paper, the terms 'firm', 'organisation' and 'enterprise' are used interchangeably. Project Two (2) is concerned with the methodology. It is a cross-sectional study and uses interview for data collection. It emphasises the descriptive nature of the work, the suitability and importance of all the necessary processes like snowball technique, sampling methods, and data analysis. Nvivo 8, a computer assisted qualitative data analysis software (CAQDAS) is the primary software that is used for the analysis. Project Three (3) is the result of the study. It exposes the impermeable wall separating lenders and Government and SMEs as the former lack better knowledge of the latter. The reluctance of SMEs to outsource funding is consistent with the pecking order theory because of the negative consequences of borrowing on their performance profitability and growth. Unclear, unhelpful and unsuitable government policy framework has led to eschewal of such policies by SMEs. Social and human capitals affect the performance of the SMEs. Good social networks benefits SMEs as they reduce operating costs. Skilled and highly educated employees create positive value in the companies. The study is critical of the style of ownership structure of most SMEs. The 'more is better' is very simplistic as age and size had mixed effect on SME performance profitability and growth in the study.



Strategic Management Practices and Challenges. The Case of Small and Medium Scale Enterprises in Harare

Author : Alick Mhizha

Publisher : GRIN Verlag

Page : 232 pages

File Size : 18,22 MB

Release : 2015-04-24

Category : Business & Economics

ISBN : 3656949808

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Book Description

Doctoral Thesis / Dissertation from the year 2014 in the subject Business economics - Operations Research, , course: PhD Commerce, language: English, abstract: This research was carried out with the objective of establishing the challenges faced by small and medium scale entrepreneurs in their efforts to adopt strategic management in their value chains. A review of relevant literature revealed that strategic management is a very important approach that all businesses need, no matter their size, in order to enhance effectiveness. It is known to support professionalism, profitability and sustainable value addition when applied according to best practice. Quantitative and qualitative approaches to data gathering were applied to enable the researcher to establish a richer picture of the exact situation on the ground. Quantitative data were collected from a sample of 292 respondents while qualitative data were obtained from a sample of 127 key informants and stakeholders. Drawing inspiration from the survival strategies of the chameleon, the researcher postulated the Chameleon Survival Strategy Model for small and medium-scale enterprises. The model was then used as a benchmark in the analysis of quantitative data, which were treated using the statistical package for the social sciences (SPSS) and qualitative data, which were content analysed. The chameleon survival strategy was used as the standard to assess the extent to which small and medium scale enterprises were compliant with the fundamentals of strategic management as exhibited by the chameleon in its environment. The key findings were that SMEs failed the Chameleon Survival Strategy Model test, based on the overall value of the model’s index obtained after data analysis. It was observed that SMEs did not practice strategic management and were therefore not consistent with the chameleon survival strategies, outlined in the model’s seven attributes. The conclusions drawn, recommendations and implications of the study on Government policy, the work of stakeholders and entrepreneurs, are presented in this document. The conclusions point to the need for Government and stakeholders to revisit their interventions and support programmes targeting entrepreneurs, to include strategic management capacity development. The lack of knowledge and exposure was found to be the key reason for entrepreneurs’ failure to embrace strategic management in their operations. It is also recommended that Government and stakeholders carry out constant needs assessment to establish the exact needs of entrepreneurs, which tend to be quite dynamic.



Influence of Strategic Physical Resources on Performance of Small and Medium Manufacturing Enterprises in Kenya

Author : Muturi Moses Murimi

Publisher :

Page : 0 pages

File Size : 31,26 MB

Release : 2020

Category :

ISBN :

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Book Description

Purpose: This study sought to determine the influence of strategic physical resources on performance of small and medium manufacturing enterprises in Kenya. Anchored on the Resource Based View (RBV) theory the study adopted positivism research philosophy descriptive and causal-effect research designs. Design/methodology/approach: The population for the study comprised of the management staff of the 350 small and medium manufacturing enterprises registered by the Kenya Association of Manufacturers (KAM) where a sample of 183 participants was chosen using stratified sampling method. The study tested for content validity as well as reliability using internal consistency of the questionnaire using Cronbach alpha coefficient. Data analysis was conducted using descriptive statistics and regression analysis to conclude that physical resources have a significant influence on performance of small and medium manufacturing enterprises in Kenya. Findings: Consequently the study recommended that the management of SMEs should ensure that they invest significantly in these resources so as to maximise on the performance of these firms. However the conclusions reached in this paper were based on data collected from small and medium manufacturing enterprises in Kenya. For this reason, the results of the study suffer from generalizability since they may not be inferred on other firms other than manufacturing firms in the sector with similar characteristics. Originality/value: The findings of this study significantly contribute to the existing pool of knowledge regarding the concept of intellectual capital and its implications on organizational performance. Scholars and other researchers would find the outcomes of this study relevant as reference material to advance in their research.



Environmental Reporting and Management in Africa

Author : Venancio Tauringana

Publisher : Emerald Group Publishing

Page : 208 pages

File Size : 45,10 MB

Release : 2019-10-22

Category : Business & Economics

ISBN : 1789733731

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Book Description

Environment management and protection are top global priorities, but little is known about the reporting in regions of Africa. The six papers in this volume provide much needed information for academics, practitioners and policy makers about environmental accounting and management in Africa.