Managerial Competencies and Growth of Small and Medium Enterprise (SMEs) in Abuja Metropolis, Nigeria

https://doi.org/10.35912/ijfam.v4i3.811
Published: Dec 1, 2022

Abstract:

Purpose: This study aimed at investigating the effect of managerial competencies on the growth of SMEs in Abuja Metropolis, Nigeria.

Research methodology: The study adopted Raosoft to determine a sample size of 395. A structured questionnaire was used for data collection, while regression was used for data analysis.

Results: It was found that both technical and personal competencies have a positive and strong effect on the growth of SMEs, while conceptual skills recorded a negative and insignificant effect on the growth of SMEs in the Abuja Metropolis.

Limitations: This study is limited to SMEs operators in Abuja Metropolis (the political capital of Nigeria), Leaving Lagos (the economic capital of Nigeria untouched). It is only when Lagos is covered that one can give a clear direction if Nigerian SMEs operators are changing with the changing business world.

Contribution: Operators, owners as well as policymakers in SMEs are expected to benefit from this study as it will serve as an eye-opener to the hidden and untapped potentials embedded in the proper application of managerial skills.

Keywords:
1. Managerial-Competencies
2. Technical-Competency
3. Personal-Competency
4. SMEs
5. Growth
Authors:
1 . Amechi Fabian Anoke
Nnamdi Azikiwe University, Awka Anambra State, Nigeria
https://orcid.org/0000-0001-7629-6694
2 . Anthonia Nkechi Onu
Faculty of Administration, Nasarawa State University Keffi, Nigeria
3 . Ogugua Chinyere Agagbo
Faculty of Administration, Nasarawa State University Keffi, Nigeria
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How to Cite
Anoke, A. F., Onu, A. N., & Agagbo, O. C. (2022). Managerial Competencies and Growth of Small and Medium Enterprise (SMEs) in Abuja Metropolis, Nigeria. International Journal of Financial, Accounting, and Management, 4(3), 255–268. https://doi.org/10.35912/ijfam.v4i3.811
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Issue & Section
Vol. 4 No. 3 (2022): December
Articles
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This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

References

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    Amegayibor, G. K. (2021). Leadership styles and employees’ performance: A case of family-owned manufacturing company, Cape Coast. International Journal of Financial, Accounting, and Management, 3(2), 149-164. https://doi.org/10.35912/ijfam.v3i2.624

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    Ropega, T. (2017). Personal characteristics, business relationships and entrepreneurial performance. Journal of Small Business and Entrepreneurship Development, 12(8), 201-214

    Shukla, N., Prasad, S. K., & Itam, U. (2021). Exploring the key behavioural, functional and strategic competencies in Indian management education. International Journal of Financial, Accounting, and Management, 3(1), 65-82. https://doi.org/10.35912/ijfam.v3i1.423

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    Stoof, O. S. (2015). Factors influencing women entrepreneurs' performance in SMEs. International Journal of Entrepreneurship, Management and Sustainable Development. 12(2), 81-100.

    Umar, U. Y. (2018). Entrepreneurial selection and success of entrepreneurs. Journal of Small Business and Enterprise Development, 3(2), 9 –31

    United Nation Report (2019). How African Countries are Members of the United Nations. Dag Hammarsk Jold Library

    Usman, B. U. (2019). The impact of entrepreneurship education on SMEs growth. International Review on public and non-profit Marketing Venture, 8(2), 111-130

    Van Dar, S. (2014). Metacognitive skills and intellectual ability of young adolescent. European Journal of Psychology of Education, 29(10), 117-137

    Wilson, D. (1984). Theories and practices of enterprise in a developing economy. Pascal publishers ltd Port Harcourt.

    Yamane, T. (1967). Statistics: An Introductory Analysis, 2nd Edition. New York: Harper and Row.

    Yang, K. J., Chen, S. H., & Yang, C. C. (2020). Establishment and applications of quality management system for service industries. International Journal of Financial, Accounting, and Management, 1(4), 199-207. https://doi.org/10.35912/ijfam.v1i4.151.

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  1. Abel, U. (2019).Competence at Work: Model for Superior Performance. ECWA Production Ltd, Plateau State.
  2. Amegayibor, G. K. (2021). Leadership styles and employees’ performance: A case of family-owned manufacturing company, Cape Coast. International Journal of Financial, Accounting, and Management, 3(2), 149-164. https://doi.org/10.35912/ijfam.v3i2.624
  3. Amos, G. (2020). Challenges and prospects of youth in SMEs development in Nigeria. Journal of Economics and Behavioral Studies, 4(1), 11-21.
  4. Ani, M. (2019). Reflections on entrepreneurship education in Nigeria tertiary education. International Research Journal in the Management Sciences, 6(1), 1-8.
  5. Anoke, A. F., Osita, F.C., Okafor, J.N., and Agagbo O.C. (2021). Business mentoring as a strategy for entrepreneurship growth in Abia State, Nigeria. IOSR Journal of business and management, 2(1),49-6000.
  6. Anoke, A. F. (2019). Growth strategies and performance of listed insurance firms in Nigeria. Journal of Accounting, Finance and Development, 3(2),49-62
  7. Anyim, U. (2019). Business Policy and Strategy (4th Ed.). Pumas Publishers Nigeria ltd, Abuja.
  8. Baum, C. M. (2019). Barriers to SMEs development in a dynamic economy like Nigeria. Journal of Social Sciences, 4(5), 19-33.
  9. Baum, C. M. (2011). Global entrepreneurship monitors (GEM) report on women and entrepreneurship London Business School role-modeling behaviours. Journal of Managerial Issues, 17(4), 461-478.
  10. Bell, E. (2017). Entrepreneurship and business growth of SMEs in Southeast Nigeria. A journal of Entrepreneurship Research and Development, 2(1), 67- 82.
  11. Bongos, C. (2017). Entrepreneurship development and the challenges ahead. Journal of Management Sciences, 4(2), 14-26.
  12. Boyalzis, R. (2008). Competencies in the 21st Century. Journal of Management Development, 27(1) DOI:10.1108/02621710810840730
  13. Brophy, M and Kiely, T. (2002).Competencies: A new sector. Journal of European Industrial Training, 26(2), 165-176
  14. Browell, P. (2018). Entrepreneurial Marketing and the growth of small businesses in Nigeria. Journal of Small Business and Entrepreneurshi, 8(5), 71-80.
  15. Castle, R. (1984). Prospects for Public Sector Employment. Conference on Work, Income and Leisured in the year Ahead University of Wollongong. Paper Presented to the Faculty of Commerce, University of Wollongong
  16. Chandler, D. and Jansen, C. (2019). Entrepreneurial opportunities and challenges in Nigeria. Business Management Review, 2(2), 42-49
  17. Chiekezie, O. M., Nzewi, H. N., and Erhinmwionose, I.A. (2016). Entrepreneurial skill acquisition and job creation in Benin City, Nigeria. International Journal of Economic and Business review, 4(6). 94-10
  18. Enterprise Agency of Nigeria Report (2020). List of Registered SME Operators in FCT as at November, 2020
  19. Hariri, H. (2020). Leadership in a school context: how leadership styles are associated with leadership outcomes. International Journal of Financial, Accounting, and Management, 2(2), 159-170. https://doi.org/10.35912/ijfam.v2i2.236
  20. Hoffmann, D. (2019). Surviving strategies and entrepreneur's growth in a distressed economy. International Journal of Entrepreneurship and management, 8(2), 84-100.
  21. Igbokwe, C. (2018). Women entrepreneurial business and economic growth in Southeast Nigeria. International Journal of Administration, 2(1), 76-92
  22. Madya, M. (2015).Entrepreneurial orientation, risk-taking, and performance in family firms. A Journal Entrepreneurship Development Centre, 6(3), 22-37
  23. Man, C. M. (2018).Socio-cultural factors influencing SMEs activities: A study of southwest Nigeria. Journal of Business and Management, 16(9), 01-17.
  24. Martian, J. C. & Stain, T. (2014).Entrepreneurship development and SMEs growth and sustainability in Nigeria. A Journal of Entrepreneurship and Development, 3(2):54-69
  25. McGee, J. E. and Peterson, M. (2009). Entrepreneurial Self-Efficiency: Refining the Measures. Retrieved from https//doi.org/10.1111/j.1540-6520.20089.00304.x
  26. Nasiruka, U. (2016). Opportunity identification and its role in the entrepreneurial classroom: A pedagogical approach and empirical test. Academy of Management Learning and Education Journal, 3(3), 242-257
  27. Ndukwe, C. C. (2019). Conceptual skills and SMEs growth in Enugu Metropolis. International Journal of Management Sciences, 6(4), 154-179
  28. Nzewi, N. H. (2017). Strategic Management foundations and Employee performance of Aluminum companies in Delta State, An International Multi-disciplinary Journal, Bahir Dar, Ethiopia. 11(3), 187-196.
  29. Olofu, C. M. (2018) Effect of managerial competencies on the growth of SMEs in Nasarawa State. Journal of Entrepreneurship Development Research, 3(3), 67-85
  30. Onu, A. N. (2018).Entrepreneurial competencies and business success of women entrepreneurs in Enugu State, Journal of Management Sciences NDA, 2(2), 68- 79
  31. Opusunjo, M. I, Anoke, A.F., & Mural, A. (2019).Entrepreneurial competencies and growth of small business in Abuja Nigeria. NDA Journal of Accounting and Management, 12(2), 34-45
  32. Ropega, T. (2017). Personal characteristics, business relationships and entrepreneurial performance. Journal of Small Business and Entrepreneurship Development, 12(8), 201-214
  33. Shukla, N., Prasad, S. K., & Itam, U. (2021). Exploring the key behavioural, functional and strategic competencies in Indian management education. International Journal of Financial, Accounting, and Management, 3(1), 65-82. https://doi.org/10.35912/ijfam.v3i1.423
  34. Sunny, O. and Inusa. (2019).The effect of business and economics education programs on student's entrepreneurial intention. European Journal of Training and Development, 16(2), 9-25.
  35. Stoof, O. S. (2015). Factors influencing women entrepreneurs' performance in SMEs. International Journal of Entrepreneurship, Management and Sustainable Development. 12(2), 81-100.
  36. Umar, U. Y. (2018). Entrepreneurial selection and success of entrepreneurs. Journal of Small Business and Enterprise Development, 3(2), 9 –31
  37. United Nation Report (2019). How African Countries are Members of the United Nations. Dag Hammarsk Jold Library
  38. Usman, B. U. (2019). The impact of entrepreneurship education on SMEs growth. International Review on public and non-profit Marketing Venture, 8(2), 111-130
  39. Van Dar, S. (2014). Metacognitive skills and intellectual ability of young adolescent. European Journal of Psychology of Education, 29(10), 117-137
  40. Wilson, D. (1984). Theories and practices of enterprise in a developing economy. Pascal publishers ltd Port Harcourt.
  41. Yamane, T. (1967). Statistics: An Introductory Analysis, 2nd Edition. New York: Harper and Row.
  42. Yang, K. J., Chen, S. H., & Yang, C. C. (2020). Establishment and applications of quality management system for service industries. International Journal of Financial, Accounting, and Management, 1(4), 199-207. https://doi.org/10.35912/ijfam.v1i4.151.
  43. Yusuf, N. (2017). Effects of entrepreneurship education on the growth of SMEs in Nigeria. Journal of Economic Behaviour and Organization, 3(1), 90-115.