Abstract
The main interest of this seminar paper is to identify business survival strategies and investigate their effectiveness on business growth with emphasis on small and medium-scale restaurants operating within Abuja metropolis. This paper also aims at illustrating the benefits of applying some of the identified strategies in terms of customer satisfaction, loyalty, and growth in the short and long term that the strategies brings into context when applied correctly. This research made use of qualitative research, a research design that is generally based on a social constructivism perspective which enabled the researcher obtain data through interviews, observation. The research draws its basic fundamental review from secondary data including existing legal frameworks and other related technologies, from textbooks, journals articles and other publications and opinions of experts. For this purpose, a survey was conducted among consumers and restaurant business owners within the Abuja, to identify customer satisfaction perception based on some of the identified strategies. The researcher recommended that SMEs operators should strive to develop their competences in managing and sustaining their businesses by constantly engaging in capacity building, training, research and development..
Keywords: Customer service, Customer satisfaction,Business strategies.
1.0 INTRODUCTION
1.1 The Concept of SME and the Restaurant Business 2
1.2 Statement of the problem 3
1.3 Objectives of the study 4
1.4 Methodology of research 4
1.5 Brief Background of the case study 5
2.0 LITERATURE REVIEW 5
2.1 THEORETICAL FRAMEWORK OF THE STUDY 6
2.2 MAJOR SURVIVAL STRATEGIES FOR RESTAURANT BUSINESS IN ABUJA 7
2.3 OTHER BUSINESS STRATEGIES IDENTIFIED SUITABLE FOR RESTAURANT BUSINESSES 11
2.4 PROBLEMS ASSOCIATED WITH THE GROWTH OF SMES IN NIGERIA 14
3.1 Conclusion and Summary of Findings 16
3.2 Recommendations 17
References 18 -19
Disclaimer: Note this academic material is intended as a guide for your academic research work. Do not copy word for word. Note: For Computer or Programming related works, some works might not contain source codes
CITE THIS WORK
(2017, 08). Effectiveness Of Survival Strategies On Business Growth Of Smes In An Emerging Economy: Evidence From Abuja Restaurant Business.. ProjectStoc.com. Retrieved 08, 2017, from https://projectstoc.com/read/8650/effectiveness-of-survival-strategies-on-business-growth-of-smes-in-an-emerging-economy-evidence-from-abuja-restaurant-business-7625
"Effectiveness Of Survival Strategies On Business Growth Of Smes In An Emerging Economy: Evidence From Abuja Restaurant Business." ProjectStoc.com. 08 2017. 2017. 08 2017 <https://projectstoc.com/read/8650/effectiveness-of-survival-strategies-on-business-growth-of-smes-in-an-emerging-economy-evidence-from-abuja-restaurant-business-7625>.
"Effectiveness Of Survival Strategies On Business Growth Of Smes In An Emerging Economy: Evidence From Abuja Restaurant Business.." ProjectStoc.com. ProjectStoc.com, 08 2017. Web. 08 2017. <https://projectstoc.com/read/8650/effectiveness-of-survival-strategies-on-business-growth-of-smes-in-an-emerging-economy-evidence-from-abuja-restaurant-business-7625>.
"Effectiveness Of Survival Strategies On Business Growth Of Smes In An Emerging Economy: Evidence From Abuja Restaurant Business.." ProjectStoc.com. 08, 2017. Accessed 08, 2017. https://projectstoc.com/read/8650/effectiveness-of-survival-strategies-on-business-growth-of-smes-in-an-emerging-economy-evidence-from-abuja-restaurant-business-7625.
- Related Works
- The Role Of Office Machines In Modern Business Organization. ( A Case Study Of Anammco)
- A Survey Of The Efficient And Effective Personnel Management In Small And Medium Scale Industries [case Study Of Five Small And Medium Scale Industries In Owerri Imo State]
- The Problems Of Financing A Small Scale Business In Nigeria A Case Study Of Garri Processing Industry Abakpa Nike Enugu
- Management Practices In The Nigerian Public Service (a Case Study Of The National Electric Power Authority Plc)
- Managing Industrial Disputes In Higher Institutions In Enugu State (a Case Study Of Enugu State University Of Science And Technology (esut) Enugu)
- An Evaluation Of The Impact Of Inflation On Financial Statement Of Selected Manufacturing Organization
- Problems And Prospects Of Operating A Small Scale Business In Enugu Metropolis (a Case Study Of Grand Metropoles Hotel, Enugu)
- Trade Fair As An Instrument Of Increasing Sales In Business Organization. A Case Study Of Emily Industry Limited, Enugu.
- The Reason For Efficient Development And Training Of Stores Personnel In An Industry A Case Study Of Emenite Industry, Enugu
- The Role Of Trade Fair In Marketing Of Goods And Services (a Case Study Of Enugu Chamber Of Commerce)