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Market Orientation and Survival of Small and Medium Enterprises in Nigeria Cover

Market Orientation and Survival of Small and Medium Enterprises in Nigeria

Open Access
|Dec 2019

Abstract

The adoption of a market orientation (MO) model for effective management of small and medium enterprises (SMEs) in Nigeria and beyond has drawn diverse views. Extant studies conducted in Nigeria in the past decades have leveraged on the existing entrepreneurial marketing model that has not significantly contributed to the survival of SMEs in Nigeria. The objective of this quantitative study is to investigate the effects of MO on the survival of manufacturing SMEs in Nigeria. The study adopted a positivistic ontology and descriptive survey design. The study randomly selected 387 owner-managers of manufacturing SMEs in Nigeria. The results show that MO significantly contributed to the survival of SMEs in Nigeria. Based on the results, the study recommends that integrative Entrepreneurial Marketing (EM) should be adopted by both the owners and managers of SMEs as this would help reduce the rate of business failure in Nigeria.

DOI: https://doi.org/10.2478/fman-2019-0024 | Journal eISSN: 2300-5661 | Journal ISSN: 2080-7279
Language: English
Page range: 291 - 304
Published on: Dec 31, 2019
Published by: Warsaw University of Technology
In partnership with: Paradigm Publishing Services
Publication frequency: 1 issue per year

© 2019 Cosmas Anayochukwu Nwankwo, Macdonald Isaac Kanyangale, published by Warsaw University of Technology
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.