Influence of Managerial Competencies on Small and Medium Enterprise Performance

Abstract

Not many studies have examined the relationship between managerial competencies and small and medium enterprise (SME) performance. All the more in this way, there is still insufficient empirical proof of such relations in small and medium ventures operating in Nigeria. To address this information gap, this study investigates the impact of technical skills, generic skills and conceptual skills on the performance of SMEs operating in the Federal Capital Territory (FCT), Abuja, Nigeria. Essential information was gathered from respondents with the guide of surveys. Respondents of this study comprise proprietors/leaders of SMEs working in the FCT. 427questionnaires were distributed to respondents of the study. Be that as it may, just 356 samples were discovered usable for final examination. PLS-SEM was utilized to dissect information gathered from respondents. Measurable investigation uncovers that generic skills and conceptual skills have positive critical effect on the performance of SMEs in the FCT. However, technical skills have positive insignificant effect on performance of SMEs. The examination consequently prescribes that SME administrators should constantly encourage great relationship among representatives in their organizations. Furthermore, supervisors should consistently formulate vital objectives that would be truly sought after by all representatives of their association as it might help support execution.