The Mediating Impact of SMEDAN Initiative on the Relationship Between CSFs and SMEs' Success: A Conceptual Paper

Babandi Ibrahim Gumel; Barjoyal Bin Bardai

doi:doi:10.11648/j.ijber.20211002.12

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The Mediating Impact of SMEDAN Initiative on the Relationship Between CSFs and SMEs' Success: A Conceptual Paper

Babandi Ibrahim Gumel, Barjoyal Bin Bardai

Published in International Journal of Business and Economics Research (Volume 10, Issue 2)

Received: 26 February 2021 Accepted: 11 March 2021 Published: 17 March 2021

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Abstract

Nigeria's federal government, after the oil boom of the 1970s, created policies, including the SMEDAN initiative, to trigger socio-economic development through entrepreneurship and small business development. Notwithstanding the importance of SMEs' socio-economic development and the Nigerian government's effort to support entrepreneurship and SMEs development, SMEs fail within the first five years. There is not enough information that can be used by SME owners/managers to develop best business practice policies to mitigate SMEs' failure and trigger socio-economic development. Critical success factor (CSFs) provides information that can be used to develop the best business practice to mitigate SMEs failure. Researchers stated that for owners/managers of SMEs to use CSFs models, they must replicate studies in new geographical areas or new industries. There is no CSFs model for the Nigerian location. The purpose is to position a CSFs model that can be used as information by owners/managers of SMEs to develop the best business policies to mitigate SME failures in Nigeria. This paper presents a thesis concepts where the researcher used a mixed research approach to position a CSFs model that can provide the information that can be used by owners/managers to mitigate SMEs failure and trigger socio-economic development. Mitigating SMEs' failure in Nigeria will reduce unemployment and poverty, which might trigger socio-economic development as envisaged by the federal government. This conceptual paper revealed the findings of the pilot study for the thesis were it was revealed that five variables impact SMEs' success in Jigawa State, Nigeria.

Published in	International Journal of Business and Economics Research (Volume 10, Issue 2)
DOI	10.11648/j.ijber.20211002.12
Page(s)	66-75
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2021. Published by Science Publishing Group

Keywords

Small and Medium Enterprises, SMEDAN, Critical Success Factor (CSF), Socio-economic Development (SED), Entrepreneurial Factors, Enterprise Factors, Environmental Factor

References

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Babandi Ibrahim Gumel, Barjoyal Bin Bardai. (2021). The Mediating Impact of SMEDAN Initiative on the Relationship Between CSFs and SMEs' Success: A Conceptual Paper. International Journal of Business and Economics Research, 10(2), 66-75. https://doi.org/10.11648/j.ijber.20211002.12

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Babandi Ibrahim Gumel; Barjoyal Bin Bardai. The Mediating Impact of SMEDAN Initiative on the Relationship Between CSFs and SMEs' Success: A Conceptual Paper. Int. J. Bus. Econ. Res. 2021, 10(2), 66-75. doi: 10.11648/j.ijber.20211002.12

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Babandi Ibrahim Gumel, Barjoyal Bin Bardai. The Mediating Impact of SMEDAN Initiative on the Relationship Between CSFs and SMEs' Success: A Conceptual Paper. Int J Bus Econ Res. 2021;10(2):66-75. doi: 10.11648/j.ijber.20211002.12

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@article{10.11648/j.ijber.20211002.12,
  author = {Babandi Ibrahim Gumel and Barjoyal Bin Bardai},
  title = {The Mediating Impact of SMEDAN Initiative on the Relationship Between CSFs and SMEs' Success: A Conceptual Paper},
  journal = {International Journal of Business and Economics Research},
  volume = {10},
  number = {2},
  pages = {66-75},
  doi = {10.11648/j.ijber.20211002.12},
  url = {https://doi.org/10.11648/j.ijber.20211002.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijber.20211002.12},
  abstract = {Nigeria's federal government, after the oil boom of the 1970s, created policies, including the SMEDAN initiative, to trigger socio-economic development through entrepreneurship and small business development. Notwithstanding the importance of SMEs' socio-economic development and the Nigerian government's effort to support entrepreneurship and SMEs development, SMEs fail within the first five years. There is not enough information that can be used by SME owners/managers to develop best business practice policies to mitigate SMEs' failure and trigger socio-economic development. Critical success factor (CSFs) provides information that can be used to develop the best business practice to mitigate SMEs failure. Researchers stated that for owners/managers of SMEs to use CSFs models, they must replicate studies in new geographical areas or new industries. There is no CSFs model for the Nigerian location. The purpose is to position a CSFs model that can be used as information by owners/managers of SMEs to develop the best business policies to mitigate SME failures in Nigeria. This paper presents a thesis concepts where the researcher used a mixed research approach to position a CSFs model that can provide the information that can be used by owners/managers to mitigate SMEs failure and trigger socio-economic development. Mitigating SMEs' failure in Nigeria will reduce unemployment and poverty, which might trigger socio-economic development as envisaged by the federal government. This conceptual paper revealed the findings of the pilot study for the thesis were it was revealed that five variables impact SMEs' success in Jigawa State, Nigeria.},
 year = {2021}
}

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TY  - JOUR
T1  - The Mediating Impact of SMEDAN Initiative on the Relationship Between CSFs and SMEs' Success: A Conceptual Paper
AU  - Babandi Ibrahim Gumel
AU  - Barjoyal Bin Bardai
Y1  - 2021/03/17
PY  - 2021
N1  - https://doi.org/10.11648/j.ijber.20211002.12
DO  - 10.11648/j.ijber.20211002.12
T2  - International Journal of Business and Economics Research
JF  - International Journal of Business and Economics Research
JO  - International Journal of Business and Economics Research
SP  - 66
EP  - 75
PB  - Science Publishing Group
SN  - 2328-756X
UR  - https://doi.org/10.11648/j.ijber.20211002.12
AB  - Nigeria's federal government, after the oil boom of the 1970s, created policies, including the SMEDAN initiative, to trigger socio-economic development through entrepreneurship and small business development. Notwithstanding the importance of SMEs' socio-economic development and the Nigerian government's effort to support entrepreneurship and SMEs development, SMEs fail within the first five years. There is not enough information that can be used by SME owners/managers to develop best business practice policies to mitigate SMEs' failure and trigger socio-economic development. Critical success factor (CSFs) provides information that can be used to develop the best business practice to mitigate SMEs failure. Researchers stated that for owners/managers of SMEs to use CSFs models, they must replicate studies in new geographical areas or new industries. There is no CSFs model for the Nigerian location. The purpose is to position a CSFs model that can be used as information by owners/managers of SMEs to develop the best business policies to mitigate SME failures in Nigeria. This paper presents a thesis concepts where the researcher used a mixed research approach to position a CSFs model that can provide the information that can be used by owners/managers to mitigate SMEs failure and trigger socio-economic development. Mitigating SMEs' failure in Nigeria will reduce unemployment and poverty, which might trigger socio-economic development as envisaged by the federal government. This conceptual paper revealed the findings of the pilot study for the thesis were it was revealed that five variables impact SMEs' success in Jigawa State, Nigeria.
VL  - 10
IS  - 2
ER  -

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Babandi Ibrahim Gumel

Department of Finance, Faculty of Business Administration, LIGS University, Honolulu, Hawaii, USA
Barjoyal Bin Bardai

Faculty of Finance and Administrative Sciences, Al-Madinah International University, Kuala Lumpur, Malaysia

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Babandi Ibrahim Gumel, Barjoyal Bin Bardai. (2021). The Mediating Impact of SMEDAN Initiative on the Relationship Between CSFs and SMEs' Success: A Conceptual Paper. International Journal of Business and Economics Research, 10(2), 66-75. https://doi.org/10.11648/j.ijber.20211002.12

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Babandi Ibrahim Gumel; Barjoyal Bin Bardai. The Mediating Impact of SMEDAN Initiative on the Relationship Between CSFs and SMEs' Success: A Conceptual Paper. Int. J. Bus. Econ. Res. 2021, 10(2), 66-75. doi: 10.11648/j.ijber.20211002.12

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Babandi Ibrahim Gumel, Barjoyal Bin Bardai. The Mediating Impact of SMEDAN Initiative on the Relationship Between CSFs and SMEs' Success: A Conceptual Paper. Int J Bus Econ Res. 2021;10(2):66-75. doi: 10.11648/j.ijber.20211002.12

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@article{10.11648/j.ijber.20211002.12,
  author = {Babandi Ibrahim Gumel and Barjoyal Bin Bardai},
  title = {The Mediating Impact of SMEDAN Initiative on the Relationship Between CSFs and SMEs' Success: A Conceptual Paper},
  journal = {International Journal of Business and Economics Research},
  volume = {10},
  number = {2},
  pages = {66-75},
  doi = {10.11648/j.ijber.20211002.12},
  url = {https://doi.org/10.11648/j.ijber.20211002.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijber.20211002.12},
  abstract = {Nigeria's federal government, after the oil boom of the 1970s, created policies, including the SMEDAN initiative, to trigger socio-economic development through entrepreneurship and small business development. Notwithstanding the importance of SMEs' socio-economic development and the Nigerian government's effort to support entrepreneurship and SMEs development, SMEs fail within the first five years. There is not enough information that can be used by SME owners/managers to develop best business practice policies to mitigate SMEs' failure and trigger socio-economic development. Critical success factor (CSFs) provides information that can be used to develop the best business practice to mitigate SMEs failure. Researchers stated that for owners/managers of SMEs to use CSFs models, they must replicate studies in new geographical areas or new industries. There is no CSFs model for the Nigerian location. The purpose is to position a CSFs model that can be used as information by owners/managers of SMEs to develop the best business policies to mitigate SME failures in Nigeria. This paper presents a thesis concepts where the researcher used a mixed research approach to position a CSFs model that can provide the information that can be used by owners/managers to mitigate SMEs failure and trigger socio-economic development. Mitigating SMEs' failure in Nigeria will reduce unemployment and poverty, which might trigger socio-economic development as envisaged by the federal government. This conceptual paper revealed the findings of the pilot study for the thesis were it was revealed that five variables impact SMEs' success in Jigawa State, Nigeria.},
 year = {2021}
}

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TY  - JOUR
T1  - The Mediating Impact of SMEDAN Initiative on the Relationship Between CSFs and SMEs' Success: A Conceptual Paper
AU  - Babandi Ibrahim Gumel
AU  - Barjoyal Bin Bardai
Y1  - 2021/03/17
PY  - 2021
N1  - https://doi.org/10.11648/j.ijber.20211002.12
DO  - 10.11648/j.ijber.20211002.12
T2  - International Journal of Business and Economics Research
JF  - International Journal of Business and Economics Research
JO  - International Journal of Business and Economics Research
SP  - 66
EP  - 75
PB  - Science Publishing Group
SN  - 2328-756X
UR  - https://doi.org/10.11648/j.ijber.20211002.12
AB  - Nigeria's federal government, after the oil boom of the 1970s, created policies, including the SMEDAN initiative, to trigger socio-economic development through entrepreneurship and small business development. Notwithstanding the importance of SMEs' socio-economic development and the Nigerian government's effort to support entrepreneurship and SMEs development, SMEs fail within the first five years. There is not enough information that can be used by SME owners/managers to develop best business practice policies to mitigate SMEs' failure and trigger socio-economic development. Critical success factor (CSFs) provides information that can be used to develop the best business practice to mitigate SMEs failure. Researchers stated that for owners/managers of SMEs to use CSFs models, they must replicate studies in new geographical areas or new industries. There is no CSFs model for the Nigerian location. The purpose is to position a CSFs model that can be used as information by owners/managers of SMEs to develop the best business policies to mitigate SME failures in Nigeria. This paper presents a thesis concepts where the researcher used a mixed research approach to position a CSFs model that can provide the information that can be used by owners/managers to mitigate SMEs failure and trigger socio-economic development. Mitigating SMEs' failure in Nigeria will reduce unemployment and poverty, which might trigger socio-economic development as envisaged by the federal government. This conceptual paper revealed the findings of the pilot study for the thesis were it was revealed that five variables impact SMEs' success in Jigawa State, Nigeria.
VL  - 10
IS  - 2
ER  -

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