Strategic Agility and Small and Medium Enterprises’ Performance: Evidence from Osun State, Nigeria
P. O. Ogunleye
Department of Business Administration and Management, Osun State Polytechnic, Iree, Nigeria.
S. A. Adeyemo *
Department of Business Administration and Management, Osun State Polytechnic, Iree, Nigeria.
M. A. Adesola
Department of Business Administration and Management, Osun State Polytechnic, Iree, Nigeria.
Yakubu Yahaya
Department of Business Administration, Abubakar Tatari Ali Polytechnic Bauchi, Nigeria.
*Author to whom correspondence should be addressed.
Abstract
The study examines the influence of strategic agility on small and medium enterprises’ (SMEs) performance with specific reference to SMEs operating in Osogbo metropolis, Osun State. Purposive sampling technique was employed to select SMEs engaging in manufacturing, trading, and service and agro-allied in Osogbo metropolis, Osun State, Nigeria, while snowball sampling technique was used to select 50 operators/managers each from the four sub-sectors totaling 200 respondents. A structured questionnaire was used to solicit information from the respondents. Data analysis was performed with the aid of Mean, Chi-Square, Pearson Correlation, and Ordinary Least Square method of estimation. The result reveals that strategic sensitivity, strategic response, leadership unit and resource fluidity independently have a significant influence on SMEs’ performance. Consequently, the study recommends that SME operators should have to increase their interest in all strategic agility dimensions due to their great role in achieving organizational performance excellence in the midst of a cut-throat competitive environment. Also, employees should be encouraged to participate in the strategic planning process and be creative.
Keywords: Strategic sensitivity, responsiveness, resource fluidity, leadership unit, SMEs