ORGANIZATIONAL COMMUNICATION AND PERFORMANCE OF SMES IN LAGOS STATE NIGERIA
ORGANIZATIONAL COMMUNICATION AND PERFORMANCE OF SMES IN LAGOS STATE NIGERIA
Author(s): Mathias Opele Adedayo, Adunola Ajayi Mobolanle, Oluwaseun Akinyele AdelekeSubject(s): National Economy, Business Economy / Management, Methodology and research technology, Financial Markets
Published by: Universitatea SPIRU HARET - Faculty of Accounting and Financial Management
Keywords: Goal attainment; Operational efficiency; Effective communication; Timely information;
Summary/Abstract: The study examined effective communication as a tool for enhancing SMEs performance in Nigeria. Survey research design was adopted for the study. The result of the correlation and regression analysis revealed the existence of a positive and statistically significant relationship between timeliness aspect of effective communication and performance of SMEs (p < 0.0005). The result further showed the existence of a positive and statistically significant relationship between correctness aspect of effective communication and business performance (p < 0.0005). In addition, a positive and statistically significant relationship exists between specificity aspect of effective communication and performance of SMEs (p < 0.0005); and a positive and statistically significant relationship exists between effective listening aspect of communication and performance of SMEs (p < 0.0005). The study recommended among others that management of the business organization should provide platforms that will improve timely communication among the different stakeholders in the organization.
Journal: Journal of Academic Research in Economics (JARE)
- Issue Year: 14/2022
- Issue No: 2
- Page Range: 410-422
- Page Count: 13
- Language: English
- Content File-PDF