Oiling the wheels of SMEs PDF Print E-mail
Wednesday, 13 January 2010 14:08

GBSN was mentioned in a recently published article in the Nigerian Tribune.

Oiling the wheels of SMEs

By Bayo A. Komolafe, STN Group
Nigerian Tribune
January 12, 2010

Small firms are the backbone of the Nigerian economy. The government must put concrete steps in place to ensure that they grow and prosper. Nigeria’s Small and Medium Enterprises (SMEs), an umbrella term for firms with less than 250 employees, had faced critical survival challenges some years back and are yet to overcome these old obstacles. In a study conducted in 2002, 32 small firms were asked to pinpoint the main constraints on their firm’s growth and overall performance.

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Food for Thought

“Before the financial crisis, a lot of business schools talked the talk on ethics and their contribution to society, but did not make it a core part of their program. Now they are seeing it as a key part of their curriculum. It is important that the values of excellence, leadership, integrity and social awareness are imprinted on students by business schools – this needs to be just as important as the imparting of business skills.”

Mthuli Ncube, President of the South African Association of Business Schools and Director of Wits Business School