The role of business schools in management education

Lightfoot, William S.

doi:10.4337/9781783474295.00021

Cited by 1 publication

(1 citation statement)

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“…ThishashandicappedtheSMEsectorfulfillingitsfullpotentialofcontributiontothegrowthand developmentoftheeconomyfromitsGDP.However,theeconomicreformsonSMEswhichwas introducedaspartofWorldBankstructuraladjustmentprogramsisallegedtohaveagoodimpacton thedevelopmentofSMEs (Cook,1996).Thisevidenceisfoundinarelativelysmallnumberofstudies thatattempttomeasuretheimpactofeconomicliberationontheSMEssectorseeBoeh-Ocansey, 1994; Dawson,1994;Steel,1994;Vachani,1994;Zake,1994;WorldBank,1995. The structural reforms before 2003 were aimed at improving the domestic business climate toenhancebusinesscompetitivenessbyderegulatingandreducinggovernmentactivityinvarious economicsectorstoaddressvariousstructuralconstraintstogrowth.Thisincludesprivatization,civil servicereform,bankingsectorreform,andtradepolicy (Okonjo-Iweala,&Osafor-Kwaako,2007). However,someimpedingfactorsinthesereformscanbetracedtoinconsistenciesingovernment policies,poorinfrastructures,limitedaccesstofinance,disparaginglegalandregulatoryframework, unavailablesupportforbusinessdevelopmentservices,ineffectiveandpoorlycoordinatedinstitutional support framework, enabling environment, capacity building and corporate governance (Steel & Webster, 1992;Lightfoot, 1998;Jarvis et al, 1996;Gibb, 1998). Therefore in 2003, the federal government of Nigeria took a big leap by formulating policies for the development of SMEs to addresstheconstraintsandtotapthefullpotentialofthesector.TheSMEPolicytakesintoaccount thespecialconstraintsandopportunitiesfacedbythissectorandaimsatstrengtheninginstitutions whichwilladdresstheseconstraintsandmaximiseexploitationoftheopportunities.…”

Section: Government Policy and Small And Medium Enterprisesmentioning

confidence: 99%

An Exploratory Study of the Impact of Government Policies on the Development of Small and Medium Enterprises in Developing Countries

Dosumu

Hussain

El-Gohary

2017

International Journal of Customer Relationship Marketing and Management

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This paper explores the effects of government policies on the development of Small and Medium Enterprises in developing countries through the examination of the case of Nigeria. Many research studies reported that SMEs in Nigeria have not benefited from the policies formulated by the government. This paper investigates the impediments to manufacturing SMEs growth and the needed pre-requisite environment for SMEs to benefit from government specific policies. The study adopted a qualitative methodology depending on face to face interviews with 20 SME owners and/or managers in five of the six geographical arears of Nigeria, 20 bank managers in the capital city of Lagos and 20 government officials located in the federal capital city of Abuja. The study unveils unique contextually novel insights, including particularly the distinctive processes and different relationships related to lenders decision. The research findings are consistent with those reported by other scholars in the field, and confirm that government policies and support in the areas of technology, infrastructure and finance affects the performance of SMEs to a great extent in Nigeria.

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Section: Government Policy and Small And Medium Enterprisesmentioning

confidence: 99%