Rejuvenating organisational performance through private enterprise in Nigeria

Abstract

The study examined the effect of private enterprise on organizational performance of SMEs in, Nigeria. The specific objectives are to: determine the effect of knowledge capital on organisational performance of SMEs and Starrt -up -capital on organizational performance in SMEs in Nigeria. The study was anchored on resource-based theory. The research design method that was used for the study is a descriptive survey research design. A sample size of 400 SMEs employees of selected SMEs in Nigeria was randomly selected. The sample size was determined by using Taro Yamane. The study used descriptive statistics, correlation, and multiple regression analyses to analyze the data collected for the study. Finding showed that Knowledge Capital (β = 0.345, P < 0.01) and Start -Up (β = 0.117, P < 0.01) have significant positive effect on organizational performance. It was concluded that private enterprise capital has a significant positive effect on organizational performance. It was recommended to achieve the organizational performance; management of private enterprise should continue to provide the right framework to support business and stakeholders to create an environment suitable for financial capital when required and proper application and management of start-up capital in business. The study established that customer retention and social interaction is influenced by the level of relationship between entrepreneurship capital and organizational performance, validated screening of resources, upheld the critical importance of knowledge and human capital as well as ensuring a workable and initial financial capital navigates the business towards organizational performance.