Small Businesses as Feeders to the Growth of Multinational Enterprises
Significance of Multinational Enterprises (MNEs) to the economy of developing country like Nigeria cannot be overemphasised. Among areas of economic importance of MNEs are employment, transfer of technical, marketing and managerial capabilities, taxes, technology transfer, private foreign investment, corporate social responsibility, among others. All of which contribute immensely to the economic...
Failure of Small Businesses
No doubt that successful small-scale businesses contribute to the growth of formal and informal economy, for the fact that they are entrenched across sectors of the economy, play vital roles in employment (formal and informal), create product and process innovation and provide many small-scale entrepreneurial opportunities.Considering potential impacts of small businesses on...
4 Key Strategies for Small and Medium Scale Enterprises’ (SME) Survival in Nigerian Business Environment
Today’s reality of Nigerian business environment is filled with uncertainties and depreciating agility of the majority of small and medium enterprises (SME) in the country, which consequently hinder small firms to evolve and deploy viable short-term and long-term strategies towards their growth and survival.Just reeling from the impacts of COVID-19 pandemics during 2019 and 2020, the...