Influence Of Managerial Skills On The Performance Of Small And Medium Scale Enterprises In Lagos State, Nigeria

Abstract

The study examined the influence of managerial skills on the performance of Small and Medium Scale Enterprise in Lagos state, Nigeria. It was guided by two research questions. A descriptive survey research design was adopted for this study. The study population consists of owner/managers of selected SMEs in Lagos State that are registered with SMEDAN in Lagos State. The total of 742 SMEs was the sample size using Cochran formula. A structured survey questionnaire was used to gather data from the respondents with reliability coefficient of 0.92. The analysis was carried out using descriptive statistics where frequency count and percentage denotation was used to show variations in the responses and opinions. The findings showed that managerial skills as measured by financial skill and marketing skill influence performance of Small and Medium Scale Enterprise in Lagos state. The study recommended that business owners and managers should focus on improving managerial skills in order to improve the performance of small and medium scale enterprises thereby helping in economic growth and unemployment reduction as well as wealth maximization.