EFFECT OF FEASIBILITY STUDY ON THE GROWTH OF SMEs IN IMO-STATE: A STUDY OF SELECTECTED SMEs IN OWERRI ZONE
Keywords:
economic, efficiency, feasibility, innovativeness, productivity, SMEs,, viabilityAbstract
this study is on effect of feasibility study on the growth of SMES in Imo-State. The
study took a descriptive survey approach and relied on a five point likert scale questionnaire as
its major source of data. 9 SMEs were randomly selected from Owerri Zone of Imo State. A
sample of 30 top management staff members was obtained by employing the purposive sampling
technique. The data gathered was analyzed using one sample t-test with the aid of 20.0 version of
the statistical package for social sciences (SPSS 20.0). Results obtained from the study shows a
p-value (sig.2-tailed) of 0.000 and 0.000 in the two hypotheses, which implies that the tcalculated
is lesser than t-tabulated (i.e 0.000<0.05). We therefore rejected the two null
hypotheses. Based on the results obtained, the paper made conclusion and recommended among
others that SMEs should be encouraged to undertake feasibility study when making investment
decisions. In order to maximize the benefit of feasibility study, managers of SMEs should engage
in constant environmental surveillance and scanning in order to identify the changing trends and
update their feasibility report as supposed
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