Undwarfing the giant: a shared value approach

Pessu, Toritseju Rita and Agboma, Fredrick ORCID: 0000-0001-5876-778X (2019) Undwarfing the giant: a shared value approach. International Journal of Academic Research in Business and Social Sciences, 9 (6). pp. 478-500. ISSN 2222-6990

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Abstract

This is a follow up paper on the dwarfed giant: impact of trade and related policies on SMEs in the Nigerian textile industry. This study uncovers how the dwarfed giant can be undwarfed through the creation of shared value. To achieve this, the study examines areas of SMEs collaborative partnership in the Nigerian textile industry. SMEs in the Nigerian textile industry are faced with challenges that limit their abilities to compete favourably due to growing pressures from the liberalisation of international trade. These challenges have been an issue of concern, especially for SMEs fabric manufacturers operating in the Nigerian textile industry who are faced with the fundamental task of attaining long-term sustainability while simultaneously creating value for their customers and the society. The study identified some elements of collaborative partnerships between SMEs, customers and the government. It also identified the absence of on-going collaboration between SMEs and educational institutions in the country. However, these collaborative efforts have yielded little or no result due to the lack of shared understanding and values among key stakeholders in the industry. In bridging this gap, the study suggests that the principles of shared value creation be embedded into SMEs business strategy in inter-organizational relationships with key stakeholders in and out of the textile value chain. This way, they can effectively co-create shared value in the internal environment and adequately tackle the challenges of the external business environment.

Item Type: Article
Uncontrolled Keywords: SMEs, Trade liberalisation, Nigeria, Trade Policies, Textile industry
Divisions: Institute of Management
Depositing User: Tracey Gill
Date Deposited: 22 Oct 2019 08:08
Last Modified: 21 Nov 2019 11:38
Identification Number: 10.6007/IJARBSS/v9-i6/5966
URI: http://ubir.bolton.ac.uk/id/eprint/2573

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