Strategic Leadership: The Role of Networks and Platforms in Developing Small and Medium Scale Enterprises in Nigeria

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Strategic Leadership: The Role of Networks and Platforms in Developing Small and Medium Scale Enterprises in Nigeria

ABSTRACT:- The economic climate in which current businesses operate has been significantly impacted by various factors such as; competition, globalization, and technology. The global economic environment of the 21st century is dynamic, challenging and full of competitive opportunities and threats. The management of Small and medium-scale enterprises holds a significant concern of the environment due to its impact on the growth and development of the business. SMEs are applauded globally on their pivotal role of generating employment opportunities and fostering other macro-economic variables. To succeed and survive in a dynamic business environments, SMEs must effectively adapt to the changes in their external environment by employing strategic leadership approaches. Leadership has been acknowledged as an essential component of internal competitive advantage within organizations, significantly impacting the firm’s overall success. The future success of SMEs significantly relies on the effective development of strategic leadership. This research seeks to determine how leaders of small and medium-Scale enterprises in Nigeria can achieve effectiveness and organizational success through networks and platforms. This research noted that entrepreneurs as change agents must be deliberate in using strategic leadership approaches to overcome uncertainty and other critical challenges, and build innovative and resourceful ventures by leveraging on social networks, connections and platforms in the industry as a means of sustaining enterprise effectiveness.

Keywords: Strategic Leadership, SMEs, Networks, Platforms, Globalization

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