A phenomenological study on growth factors of micro, small and medium enterprises in Nigeria from the owner’s perspective

Abstract

Micro, small, and medium enterprises (MSMEs) play a pivotal role in driving economic development, particularly in emerging economies like Nigeria. Despite their significance, the growth of MSMEs in Nigeria remains stunted, hindering their ability to contribute fully to the economy. This study aimed to fill this gap by exploring the growth factors of MSMEs in Nigeria from the perspective of the owners. By delving into the lived experiences of MSME owner managers, this research sought to gain a deeper understanding of the challenges and opportunities faced by these enterprises.

The literature section of the thesis navigated through various theoretical lenses to guide the study's exploration of factors influencing MSME growth in Nigeria. Embracing critical human resource development (CHRD), sociological imagination, and authentic leadership theories, the research extended beyond conventional human capital theory that prioritized managerial competencies to acknowledge broader societal contexts shaping business outcomes.

This study, rooted in an interpretivist philosophy, employed an inductive approach to explore the phenomenon of growth in Nigerian MSMEs. Through interpretive phenomenology, 23 semistructured interviews were conducted till saturation with MSME owner-managers, capturing their subjective experiences within the Nigerian business context. Non-probability convenience sampling was utilized. King’s Template analysis technique was employed to identify and analyse recurrent themes and patterns in the qualitative data. Ethical considerations, guided by the University Research Ethics Committee, ensured the integrity of the research process.

The findings revealed the role of authentic leadership in the growth and resilience of micro, small, and medium enterprises (MSMEs) in Nigeria. Despite challenges in the business environment, MSME owners' skills such as self-awareness, transparency, and ethical behavior, consistent with authentic leadership enabled them to navigate complexities effectively.
This study contributes to advancing our understanding of MSME growth in developing countries like Nigeria. By uncovering the interplay of wider societal issues, human capital, religious beliefs, and authentic leadership. It provides valuable insights for policymakers, entrepreneurs, and researchers.

Date of Award	Jul 2024
Original language	English
Awarding Institution	University of Brighton
Supervisor	Dr Diane Keeble (Supervisor)