Sustainable Performance of Small Manufacturing Enterprises in the Federal Capital Territory, Abuja: Effect of Strategic Management Practices

Abstract

This study investigated the effect of strategic planning and process improvement strategies on the performance of small manufacturing firms operating across the six (6) Area Councils of the Federal Capital Territory, Abuja. A sample size 175 respondents was adopted from a population of 207 small manufacturing enterprises. The study applied both non-probability
and probability sampling techniques, while the data collected were analysed with SPSS version 26.0, by applying multiple linear regression. The findings established that, the coefficient value of r2=0.646 implies that a change in performance of small manufacturing enterprises is as a result of the contributions of strategic planning and strategic process. Therefore, the regression result revealed that, strategic planning and strategic process positively and significantly influence performance of small manufacturing enterprises. The study recommends that, small manufacturing businesses should adopt planning as a strategic
tool to appropriately develop action-able blueprints to support the achievement of the firm’s pre-determined goals and functional objectives, efficiently allocate and optimally utilise mobilised resources towards sustainable enhancement of functional productivity and organisational performance.