Learning Organisation as a Means to Market Growth of Small and Medium-Scale Enterprises in Nigeria


International Research Journal of Economics and Management Studies
© 2023 by IRJEMS
Volume 2  Issue 2
Year of Publication : 2023
Authors : Ajike, Emmanuel O., Ariyo, Oluwajuwon G., Akpa, Victoria A., Nwankwere, Idowu A., Akande, Folorunso Ilesanmi
irjems doi : 10.56472/25835238/IRJEMS-V2I2P135

Citation:

Ajike, Emmanuel O., Ariyo, Oluwajuwon G., Akpa, Victoria A., Nwankwere, Idowu A., Akande, Folorunso Ilesanmi. "Learning Organisation as a Means to Market Growth of Small and Medium-Scale Enterprises in Nigeria" International Research Journal of Economics and Management Studies, Vol. 2, No. 2, pp. 316-335, 2023.

Abstract:

Learning organisation is utterly relevant in developing a nation, as it aids skill improvement, decision-making capacity and people’s knowledge, hence it is a watchword for organisational success and longevity. In other words, a successful business is a business that integrates, invest intentionally and take necessary interventions to encourage continuous learning through task enhancement (Budhiraja, 2022; Chukowry et al., 2021). The failure generally of SMEs in Nigeria adopting and embracing dimensions of learning organisations which has propelled poor performance of their businesses makes this a gap in the study. Nigeria's small and medium-sized businesses have been labelled as having barriers to success and bankruptcy as a result of numerous dangerous issues, including a decline in market growth which is as a result of lowdemand products and services. Cross-sectional survey method was employed, as it captured a single point in time of collecting data from a study group. Simple random sampling technique was most suitable for the relatively homogeneous population. All scales validated through confirmatory analysis, and they showed adequate reliability. Consequently, SmartPLS Version 4.0 was used for analysis to run the algorithm and bootstrapping basically on two-tailed method. The findings in this study significantly proved the effect of learning organisation dimensions on the market growth of small and medium-scale enterprises in Nigeria. The implication of the study is that it would assist organisational managers and management in being well informed on learning organisation and deploying same towards attaining its corporate objective and gaining competitive advantage in their industry. This study not only reveals a more holistic understanding of the contextual effects of learning organisation and market growth but also offers substantial practical implications for organisational decision makers regarding how to address employees’ continuous knowledge gathering to foster a desired market expansion.

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Keywords:

Market growth, Learning organisation, Nigeria, Business.