Competitive Advantage and Performance of Furniture Manufacturing Businesses in Maiduguri Metropolis, Nigeria
1 Department of Business Administration, University of Maiduguri, Nigeria
2 Department of Business Admin & Management, Federal Polytechnic Monguno
* Corresponding author: ayubaalhajiaminu@femsbukjournals.org.ng
2 Department of Business Admin & Management, Federal Polytechnic Monguno
* Corresponding author: ayubaalhajiaminu@femsbukjournals.org.ng
Abstract
The 21st business environment is portrayed by significant degrees of rivalry, dynamism and
technological sophistication. This is extremely difficult for Small Scale Business
Owners/Managers since they must plan and implement methods to attain and sustain
greater performance. Consequently, competitive advantage plays an important role as
businesses aim at gaining high performance. This study examined competitive advantage and
performance of furniture manufacturing businesses in Maiduguri Metropolis, Nigeria. Survey
research resign was adopted, data was collected with aid of structured questionnaire. A total
of 229 questionnaires were distributed to owners/managers of furniture manufacturing
businesses in Maiduguri Metropolis. Out of this number, 211 were correctly filled and
retrieved. The data collected was analysed using General Least Square with the aid of
Statistical Package for Social Science (SPSS) version 23. The finding of this study showed
that there is a significant positive effect of cost leadership and market focus on performance
of furniture manufacturers in Maiduguri Metropolis. The study concluded that competitive
advantage positively improves the performance of furniture manufacturers in Maiduguri
metropolis. Therefore, the study recommended that furniture manufacturers should adopt
competitive strategy to boost their performance.
Keywords
Performance of SSBs
Cost Leadership
Market Focus
SSBs.
How to Cite
Aminu, A. A., Usman, M., Bazz, M. I., & Waziri, A. U. (2022). Competitive Advantage and Performance of Furniture Manufacturing Businesses in Maiduguri Metropolis, Nigeria. Bayero Business Review, 6(2), 1-15.
A. A. Aminu, M. Usman, M. I. Bazz, and A. U. Waziri, "Competitive Advantage and Performance of Furniture Manufacturing Businesses in Maiduguri Metropolis, Nigeria," Bayero Business Review, vol. 6, no. 2, pp. 1-15, November 2022.