The Impact of Regulatory Environment on the Effectiveness of Small and Medium Scale Enterprises: A Study of Selected Small and Medium Scale Enterprise in Owerri
Journal of Investment and Management
Volume 4, Issue 6, December 2015, Pages: 311-318
Received: Jul. 22, 2015; Accepted: Aug. 19, 2015; Published: Aug. 29, 2015
Views 3736      Downloads 101
Authors
Chikwe Goddey Chukwudi, Department of Business Management, Imo State University, Owerri, Imo State Nigeria
Joel Augustus-Daddie, Department of Business Administration and Management, River State Polytechnic, Bori, River State, Nigeria
Achiole Emmanuel Ayozie, Department of Business Management, Imo State University, Owerri, Imo State Nigeria
Article Tools
Follow on us
Abstract
This paper examines the impact of regulatory environment on the effectiveness of small and medium scale enterprises. The study employed a survey approach and used the questionnaire as its major source of data collection. In order to guide the study, two research questions and hypotheses that are consistent with the objectives of the study were raised. The population of study consists of 105 staff of selected five small and medium scale enterprises in Owerri. The researchers used purposive sampling technique to select 89 members of staff as the sampled unit. The mean score was the tool for data analysis, and from the findings, the researchers concludes that regulatory environment has significant impact on business competitiveness and innovativeness which were used to proxy effectiveness of small and medium scale enterprises. Based on the findings also, the researchers among others recommended that consultation between SME regulators and operators of SMEs can help address some of the harsh consequences of the regulatory environment.
Keywords
Regulatory Environment, Organizational Effectiveness, Competitiveness, Innovativeness
To cite this article
Chikwe Goddey Chukwudi, Joel Augustus-Daddie, Achiole Emmanuel Ayozie, The Impact of Regulatory Environment on the Effectiveness of Small and Medium Scale Enterprises: A Study of Selected Small and Medium Scale Enterprise in Owerri, Journal of Investment and Management. Vol. 4, No. 6, 2015, pp. 311-318. doi: 10.11648/j.jim.20150406.14
References
[1]
Adeoye M (2013), The impact of business environment on Enterpreneurship performance in Nigeria. Computing, Information Systems, Development Informatics & Allied Research Vol. 4 No. 4
[2]
Agulanna E.C and Chris M (2003),Business Policy Book 1. The Face of Strategic Management.Oweeri: Joe Mankpa Publishers
[3]
Aham A. (2000), Research Methodology in Business and Social Science. Owerri; Cannum Publisher Ltd.
[4]
Algbuo C.C (2005), A Practical Guide to Project Writing:Owerri Credo Publications.
[5]
Balduck, A. L., &Buelens, M. (2008).A two-level competing values approach to measure nonprofit organizational effectiveness. Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium
[6]
Brooks, I. (2003) Organisational Behaviour, 2nd Ed., Pearson Education, Harlow, England.
[7]
Cameron K.S (1981), Domains of Organizational Effectiveness in Colleges and Universities. Academy of Management Journal, 24:25-47
[8]
Çiçek, Işık and Özer, Bilal (2011), The Effect of Outsourcing Human Resource on Organizational Performance: The Role of Organizational Culture.International Journal of Business and Management Studies, Vol. 3, No 2
[9]
Fitz-Enz, I. (1997). The 8 Practices of Exceptional Companies: How great Organizations make the most oftheir Human Resources. New York, NY: AMACON.
[10]
Grant, R.M. (1999), Contemporary Strategy Analysis. 2nd ed. Oxford: Blackwell Publishers.
[11]
Hardesty, D. C. (2003). Ten Characteristics of a Highly Effective Organization. The State Journal. Retrieved from http://www.nis.wvu.edu/wvu/guest_commentary_ten_characteristics.htm
[12]
Henri, Jean-François (2011), Performance Measurement and Organizational Effectiveness: Bridging The Gap. PhD Dissertation Submitted to School of Accounting Université Laval Québec City, Canada G1K 7P4(Unpublished)
[13]
Kamery, Rob H. (2004), Employee Motivation as it Relates to Effectiveness, Efficiency, Productivity, and Performance, Allied Academies International Conference, Proceedings of the Academy of Legal, Ethical and Regulatory Issues, Volume 8, Number 2 Maui
[14]
Kennerley M and Nelly A (2003), Measuring Performance In Changing Business Environment. International Journal of Operations and Production, 23(2),213-229
[15]
Kim, B., J. E. Prescott. (2005), Deregulatory forms, variations in the speed of governance adaptation, and firm performance. Academy of Management Review, 30(2): 414-425
[16]
Kushner, R.J., and Poole, P.P. (2002), Exploring Structure-Effectiveness Relationships in Nonprofit Arts Organizations, Nonprofit Management and Leadership, 7 (2), 119-136.
[17]
Lee Tzai-Zang and Tseng, Ya-Fen (2005), A Study of the Relationship between Organizational Culture and Organizational Effectiveness of the Electronic Industries in Taiwan.A Chinese named Journal of Taiwan, Vol. 1461, pp. 161-178
[18]
Malik M.E Ghafoor, M.M and Naseer, S (2011), Organizational Effectiveness: A Case Study of Telecommunication and Banking Sector of Pakistan. FarEast Journal of Psychology and Business, Vol. 2 No 1
[19]
Mahon, J. F. and E. A. Murray. (1980), Deregulation and Strategic Transformation. Journal of Contemporary Business 9: 123-138.
[20]
Mariappanadar, S. (2005), An Emic Approach to Understand Culturally Indigenous and Alien Human Resource Management Practices in Global Companies, Research and Practice in HumanResource Management, Vol.13, No. 2, pp. 31-48
[21]
McMahon, A.M. (2006). Responses to diversity: Approaches and initiatives.
[22]
Obasan, K. (2001), Small Business Management: An Entrepreneurial Approach.Higher Education Books Publishers, Lagos
[23]
Obinna, A.K and Farkas, M.F (2011), Cultural Conflict Management Program for Firms and Organizations.International Journal of Business and Management Studies, Vol. 3, No 2,
[24]
OECD (1997), Regulatory Impact Analysis: Best practices in OECD countries. http://www.oecd.org/gov/regulatory-policy/35258828.pdf
[25]
Osuagwu, L. (2001), Small Business and Entrepreneurship Management. Grey Resources Limited, Lagos.
[26]
Otokiti, S.O. and M.O., Awodun, (2003), The Master Strategist: Management with style in a Turbulent Business Environment.Pumark Nigeria Limited, Lagos.
[27]
Schermerhorn, J. R., Hunt, J. G., Osborn, R. N., & Osborn, R. (2004), Core concepts of organizational behavior:John Wiley & Sons Inc.
[28]
Scott A, Simon B., Nick H., and Karina W (2008), Assessing Multilteral Organization Effectiveness, Evaluation Study 2008/3. from Danida’s evaluation department-development cooperation, ministry of foreign affairs, Denmark
[29]
Senge, P. (1990). The fifth discipline: The art and practice of the leaning organization. New York, NY: Doubleday.
[30]
Trefry, Mary G. (2006), A Double-Edged Sword: Organizational Culture in Multicultural Organizations.International Journal of Management Vol. 23, No. 3, Part 2,
[31]
Vietor R.H.K (1989), Strategic management in the regulatory environment : case and industry notes.Englewood Cliffs (N.J.) by Prentice-Hall
[32]
Wright, K. (1997),Organizational Wellness.Unpublished manuscript
[33]
Yankey J.A and McCllen A (2003), The Non-Profit Boards Role in Planning And Evaluation. Book Seven of The Board Source Governance Series. Quoted in Non-profit Organizational Effectiveness.kronkosky charitable foundation.
ADDRESS
Science Publishing Group
1 Rockefeller Plaza,
10th and 11th Floors,
New York, NY 10020
U.S.A.
Tel: (001)347-983-5186