BUSINESS ENVIRONMENT AND ITS PERFORMANCE OF SELECTED SME’S IN EDO STATE, NIGERIA

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Abstract

For every business to strive, the environment has an important role to play. This is why the saying that a business cannot survive in a vacuum. There are controllable and uncontrollable factors that determine the success or failure of small and medium size enterprises in Edo State.

The aim of this study is to analyze how various business environment and performance affect the productivity of SMEs in Edo State, Nigeria. This study is a cross-sectional based study which involves the use of well-structured questionnaire and a total of 333 participants were recruited in this study; the sample size was calculated using Taro Yamane formula. The data was processed using IBM SPSS version 21.

The findings from the study show that technological, economic, political, demographical, and socio-cultural factors have a positive association and significant impact on performance of registered SMEs in Edo State, Nigeria. The need to evaluate the performance of registered SMEs in Edo State, Nigeria needs to be emphasized with respect to its external business environment.

Keywords

Business, Environment, Performance, SME

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How to Cite

GRACE O.S; OMOLUABI, E.T. (2025). "BUSINESS ENVIRONMENT AND ITS PERFORMANCE OF SELECTED SME’S IN EDO STATE, NIGERIA." ESUI Business and Management Journal, 2(1), 121-135.

Publication Timeline

  • Received: March 27, 2025
  • Accepted: March 27, 2025
  • Published: March 27, 2025
  • Last Updated: April 19, 2026