Nigeria Small Medium Enterprises or SMEs are a vital component of the country’s economic development.
They contribute huge per cent of total Gross Domestic Product (GDP), employ up to 40 per cent of the country’s workforce. In addition, value added products from SMEs are expected to be worth Billions of naira.
Since SMEs sector is that important, its dynamics significantly influences the overall development of national economies and even social sphere (through employment) in many countries. This forces to constantly analyze facilitators and obstacles of SMEs growth. Numerous support programs were developed in various countries for reducing/removing obstacles for SMEs growth.
Most often, they concentrated on financial support (loan programs) or educational influence. These influences together with SMEs support programs’ activities have been rather well analyzed and documented.
However, many other influences on SMEs development and growth can also be observed. One of them is the use of professional business consulting services that bring additional expertise and give a certain push to SMEs growth. This happens because consulting integrates informational, technical, training and other external influences with characteristics of individual companies.
Thus, the need to address the importance of consulting service which aims to identify problems and opportunities, determining objectives, describing situations, defining successful outcome and assessing the range of costs and benefits associated.
These objectives will be accessed via the Dimensions of Business Viability which are Market Viability, Technical Viability, Business Model Viability, Management Model Viability and Economic and Financial Model Viability.
Watch out for the next edition.
No comments:
Post a Comment