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 Retailing Business In The Development Of Nigeria Economy (a Case Study Of City Gift Supermarket Enugu)
- The Impact Of Management Style On The Efficiency Of Selected Government Owned Companies (a Study Of Enugu Metropolis)
- The Reason For Efficient Development And Training Of Stores Personnel In An Industry A Case Study Of Emenite Industry, Enugu
- The Management Problems And Prospects Of Nigerian Hotels.
- The Impact Of New Product Development In An Organization
- The Role Of Small Scale Industries In Rural Development (a Case Study Of Anambra East Local Government)
- Problems And Prospects Of Small Scale Business In Nigeria (a Case Study Of Enugu South Local Government Area)
- Impact Of Corporate Social Responsibilities On Organisational Profitability Case Study Of Guinness Nigeria Plc)
- The Importance Of Ethic And Social Responsibilities To Business Organization
- The Importance Of Ethic And Social Responsibilities To Business Organization (a Case Study Of Union Bank Plc.)