Strategic Leadership and Sustainability Performance of Small and Medium Enterprises in Nigeria

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Abstract

The small scale industry in Nigeria is considered to be an important element to the growth of the economy in contributing to the gross domestic products of the economy and it has been of contention that strategic leadership has influenced and sustained the performance of small and medium enterprises. As such, the main objective of the study is to examine how the exercising of strategic leadership has influenced and sustained the performance of small and medium enterprises in Nigeria in terms of social impact. About 300 questionnaires were administered to small sized companies. The study found that there is a significant influence of strategic planning on sustaining small and medium enterprise profit performance and the results indicated that the managers that sustain profitability performance are those that are strategic in planning. Also the study discovered that the return on investment of Small and Medium Enterprise depends on the appropriateness of its leadership practices. The study recommends that small sized companies should be effective in their strategy implementation in order to achieve the corporate objectives of indigenous Small and Medium Enterprises.

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