EFFECT OF ORGANIZATIONAL CHALLENGES FACING OWNERS OF SMALL AND MEDIUM SCALE ENTERPRISES IN A RECESSIVE BUSINESS ENVIRONMENT IN ENUGU METROPOLIS

This study, the effect of organizational challenges facing owners of medium enterprises in a recessive business environment in Enugu metropolis. The effect of organizational challenges were carefully examine and the aim of the study is to assess the organizational challenges facing owners of the medium scale enterprises in a recessive business environment. The survey research design was adopted and a sample size of 270 (two hundred and seventy) was gotten using Yamene 1964 formula out of the population of 828 (eight hundred and twenty eight) employees in Enugu metropolis. In determining the number of questionnaire administered to the respondents, stratified random sampling and the kumar proportionate were adopted. The data for the study was gathered with a four point likert scale questionnaire. The study revealed that power supply, skills, raw materials and low capital base constitute a major challenge facing owners of medium scale owners of medium scale enterprises in Enugu metropolis. The study concludes that medium scale enterprises can excel in productivity, financially and otherwise if all these challenges enumerated are taken care of. The study recommends that planned efforts should be made ahead of time to facilitate successful and timely implementation of a sound and uninterrupted power supply which can be done through an understanding synergy between owners of medium scale enterprises and government of the federal Republic of Nigeria.