Department of Management & Accounting

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Department of Management and Accounting

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We are dedicated to exploring the dynamic fields of management, finance, and accounting.

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Browsing Department of Management & Accounting by Author "Adebayo Muiliyu MUDASIRU"

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    Strategic Adaptability, Absorptive Capacity and Performance of SMEs in South West Nigeria
    (Lead City University, Ibadan, 2024-12) Adebayo Muiliyu MUDASIRU
    The dynamic business environment in Nigeria poses significant challenges for Small and Medium Enterprises (SMEs), particularly in the Southwestern region, characterized by rapid technological, economic, and market changes. Strategic adaptability; comprising environmental scanning, strategic flexibility, resource allocation, and knowledge acquisition, and absorptive capacity, defined as the ability to identify, assimilate, and exploit external knowledge, are crucial for sustaining SME performance. This study investigates the individual and combined effects of these factors on SME performance metrics, including market share, brand reputation, operational efficiency, and competitive advantage, while assessing the moderating role of absorptive capacity. Adopting a quantitative research design, data was collected from 498 SMEs across Lagos, Ogun, and Oyo States using a validated questionnaire. Regression analyses revealed significant relationships between strategic adaptability dimensions and SME performance. Environmental scanning explained 18.9% of market share variance (Adj. R² = 0.186, F = 78.364, p = 0.000), with a regression coefficient (β = 1.185). Strategic flexibility accounted for 38.2% of brand reputation variance (Adj. R² = 0.389, F = 215.726, p = 0.000, β = 0.524). Resource allocation influenced operational efficiency by 27.2% (Adj. R² = 0.269, F = 132.712, p = 0.000, β = 0.658), while knowledge acquisition explained 38.8% of competitive advantage variance (Adj. R² = 0.386, F = 112.547, p = 0.000, β = 0.763). Absorptive capacity significantly moderated the relationship between strategic adaptability and SME performance (ΔR² = 0.114, ΔF = 38.942, p = 0.000, β = 0.426), amplifying positive outcomes. The study concludes that strategic adaptability drives SME resilience and competitiveness, with absorptive capacity playing a vital role in enhancing these effects. Recommendations include fostering environmental scanning and strategic flexibility, prioritizing resource allocation and knowledge acquisition, and building organizational learning capabilities to strengthen absorptive capacity. These findings contribute to the strategic management literature, offering actionable insights for policymakers and practitioners to optimize SME performance in volatile and resource- constrained environments. Keywords: Strategic Adaptability, Knowledge Acquisition, Absorptive Capacity, SMEs Word Count: 311