Back
 AJIBM  Vol.9 No.5 , May 2019
Physical Security and Survival of Small and Medium Scale Enterprises (SMEs) in Southeast, Nigeria
Abstract:
The study explored the relationship between physical security and survival of small and medium scale enterprises (SMEs) in Southeast, Nigeria. The objectives of the study are to determine the nature of relationships that exist between fire outbreak and entrepreneurial vision, burglary attacks and delivery-time of products by SMEs in Southeast, Nigeria. Correlation survey research design was employed in the study. Pearson product moment correlation coefficient was used to test the formulated hypotheses at 5% (percent) level of significance. Findings revealed that there were negative significant relationships that exist between fire outbreaks and entrepreneurial visions of SMEs’ owners, burglary attacks and delivery-time of products to customers by SMEs in the region. In addition, the constructs were significant at 0.05 level (2-tailed). It is recommended that owners of businesses should ensure commitment to fire safety by putting necessary resources for fire control (suppression agents and personnel training) and procedures (compliance with fire disaster preparedness bylaws). Further, business owners need to provide multiple layers of security (defense in depth) around business areas. We therefore advocate that for business continuity in the region, rapid response to fire outbreaks, burglary attacks and comprehensive preventive strategies are vital.
Cite this paper: Ojiagu, N. and Nzewi, H. (2019) Physical Security and Survival of Small and Medium Scale Enterprises (SMEs) in Southeast, Nigeria. American Journal of Industrial and Business Management, 9, 1284-1300. doi: 10.4236/ajibm.2019.95085.
References

[1]   Achumba, I.C., Ighomereho, O.S. and Akpor-Robaro, O.M. (2013) Security Challenges in Nigeria and Implications for Business Activities and Sustainable Development. Journal of Economics and Sustainable Development, 4, No. 2.

[2]   Amah, E. and Okoisama, T. (2017) Risk Raking and Survival of Small and Medium Scale Enterprises in Nigeria. Archives of Business Research, 5, No. 11.
https://doi.org/10.14738/abr.511.3769

[3]   Antoncic, B. (2007) Intrapreneurship: A Comparative Structural Equation Modeling Study. Industrial Management and Data Systems, 107, 309-325.
https://doi.org/10.1108/02635570710734244

[4]   Al-Swidi, A.K. and Al-Hosam, A. (2012) The Effect of Entrepreneurial Orientation on the Organizational Performance: A Study on the Islamic Banks in Yemen Using the Partial Least Squares Approach. Arabian Journal of Business and Management Review, 2, 73-84.
https://doi.org/10.12816/0002244

[5]   Al-Swidi, A.K. and Mahmood, R. (2011) Enhancing a Bank’s Competitive Advantage through the Integration of TQM Practices, Entrepreneurial Orientation (EO) and Organization Culture. European Journal of Social Sciences, 20, 299-313.

[6]   Ashish, A.T., Vikas, A. and Shashawaz, I. (2009) Linking Information Sharing and Supplier Network Responsiveness with Delivery Dependability of a Farm. The Journal of Applies Business Research, 25, No. 3.

[7]   Audretsh, D.B. (2003) Entrepreneurship: A Survey of the Literature. Enterprise Paper No. 14. Enterprise Directorate-General European Commissions.

[8]   Ayodele, J.O. (2015) Crime-Reporting Practices among Market Women in Oyo, Nigeria. SAGE Open, 5, 1-11. https://doi.org/10.1177/2158244015579940

[9]   Azuka, E.B.C. (2011) Research Methods: Theory and Applications. Noben Publishers, Nigeria.

[10]   Beemcken, M.V. and Schetter, C. (2016) Reflection Group Monopoly on the Use of Force 2. O. Friedrich Ebert Stiftung, Germany.

[11]   Beneff, A. (2017) Why Physical Security for Your Business Is Just as Critical as Online Security.
https://www.entrepreneur.com

[12]   Broojs, D.J. (2010) What Is Security: Definition through Knowledge Categorization. Security Journal, 23, 225-239.

[13]   Broom, L. (2003) Small Business Management. Western Publishing Inc., Cincinnati, OH.

[14]   Cobb, M. (2009) Physical Security Threats: Don’t Gift Your Data Away.

[15]   Dynes, R. and Russel, N. (2012) A Prospective on Disaster Planning. Disaster Research Centre, Newark, DE.

[16]   Ekpenyong, D.B. and Nyong, M.O. (1992) Small and Medium-Scale Enterprises in Nigeria. Their Characteristics, Problems and Sources of Finance. African Economic Research Consortium, Nairobi.

[17]   Emmanuel, A.T., Awolusi, O.D. and Ibojo, B.O. (2013) Determinants of Small and Medium Enterprises (SMEs) Performance in Ekiti State. Nigeria: A Business Survey Approach. European Journals of Humanities and Social Sciences, 27, 1397-1413.

[18]   Ernst and Young (2012) Enterprise Security Architecture Business Driven Security.

[19]   Fisher, R.J. and Green, G. (2004) Introduction to Security. Butter Worth-Heinemann, Boston, MA.

[20]   Galadanchi, H.A. and Bakar, L.J. (2018) A Study of Factors that Support Longevity of Business Enterprises. Journal of Business and Management, 20, 53-59.

[21]   Girard, P.J. (1960) Burglary Trends and Protection. Journal of Criminal Law and Criminology, 50, 511-518. https://doi.org/10.2307/1141029

[22]   Gollin, D. (2008) Nobody’s Business but My Own: Self-Employment and Small Scale Enterprise in Economic Development. Journal of Monetary Economics, 55, 219-233.
https://doi.org/10.1016/j.jmoneco.2007.11.003

[23]   Gurbuz, B.A. and Aykol, S. (2009) Entrepreneurial Management, Entrepreneurial Orientation and Tur Kish Small Firm Growth. Management Research News, 32, 321-336.
https://doi.org/10.1108/01409170910944281

[24]   Hughes, M. and Morgan, R.E. (2007) Deconstruction of the Relationship between Entrepreneurial Orientation and Business Performance at the Embryonic Stage of Firm Growth. Industrial Marketing Management, 36, 651-661. https://doi.org/10.1016/j.indmarman.2006.04.003

[25]   Hunter, D. (2016) Physical Security and Why It Is Important. The SANS Institute.

[26]   Ibidunni, O.S., Iyiola, O. and Ibudunni, A.S. (2014) Product Innovation a Survival Strategy for Small and Medium Enterprises in Nigeria. European Journal of Business and Management, 5, 179-186.

[27]   Jebna, A. and Baharudin, A.S. (2015) The Impact of Entrepreneurial Orientation on Manufacturing SME Performance with the Contingent Effect of e-Commerce in Malaysia. Advances in Environmental Biology, 9, 24-27.

[28]   Dileep, M.K. (2012) Entrepreneurial Orientation and Internationalization of SMEs. International Economics & Finance Journal, 7, 1-27.

[29]   Maltiotra, M.K., Saeed, K.A. and Nair, A. (2009) Entrepreneurial Orientation and Firm Performance. An Empirical Examination of Manufacturing Strategy Typology Based on Corporate Entrepreneurship. Unpublished Manuscript.

[30]   Nair, K.R.G. and Pandey, A. (2006) Characteristics of Entrepreneurs: An Empirical Analysis. The Journal of Entrepreneurship, 15, 47-61. https://doi.org/10.1177/097135570501500104

[31]   Nuhu, A. (2018) The Imperative for Insurance Cover Against Fire Disaster.

[32]   Nwankwo, F., Ewuim, N. and Asoanya, N.P. (2012) Role of Cooperative in Small and Medium Scale Enterprise Development in Nigeria: Challenges and Way Forward. International Multidisciplinary Journal, 6, 140-156. https://doi.org/10.4314/afrrev.v6i4.10

[33]   Nwogu Onugu, B.A. (2005) Small and Medium Enterprises (SMEs) in Nigeria: Problems and Prospects. Dissertation Submitted to the St. Clements University.

[34]   Ladzani, W.M. and Van Vuurem, J.J. (2002) Entrepreneurship Training for Emerging SMEs in South-African. Journal of Small Business Management, 40, 154-161.
https://doi.org/10.1111/1540-627X.00047

[35]   Lubinski, C., Fernandez, P. and Moya, M.F. (2011) Standing the Test of Time. Factors Influencing Family Firms’ Longevity in Germany and Spain during Twentieth Century.
http://www.ebha.org/ebha2011/files/papers/standingTestTimeM%20Fernandez-p%20Fernandez-C%20Lubinsky.Pd

[36]   Recklies, D. (2001) Small Business—Size as a Chance or Handicap. Management Project.

[37]   Rouse, M. (2015) Relationship Marketing Definition. http://www.Techtarget.com

[38]   SMEIS (2003) Prospect of Nigeria SMEs under the Small and Medium Industries Equity Investment Scheme (MELS). http://www.nigerabusiness.info.com

[39]   Soninem, J., Martikinen, M., Puumalainen, K. and Kyläheiko, K. (2011) Entrepreneurial Orientation: Growth and Profitability of Finnish Small-and Medium-Sized Enterprises. International Journal of Production Economics, 140, 614-622.

[40]   United Nations Development Programme (UNDP) Human Security: A Thematic Guidance Note for Regional and National Human Development Report. Human Development Report Office.

[41]   Vanpraag, C.M. (2003) Business Survival and Success of Young Small Business Owners. Small Business Economics, 21, 1-17.

[42]   Victoria, L.W. (2003) Community Based Approaches to Disaster Mitigation. Center for Disaster Preparedness, Philipines.

[43]   Winch, G.M. (2014) Three Domains of Project Organising. International Journal of Project Managements, 32, 721-731. https://doi.org/10.1016/j.ijproman.2013.10.012

[44]   Zainol, F.A. and Daud, N.D. (2011) Indigenous (Bumiputera) Malay entrepreneurs in Malaysia: Government Supports, Entrepreneurial Orientation and Firms Performance. International Business and Management, 32, 86-89.

 
 
Top