International Journal of Small and Medium Enterprises and Business Sustainability
Vol. 9 No. 3 (2024): November

Assessing the Influence of Market Orientation Dimensions on SMEs Sustainability in Nigeria: An Importance Performance Map Analysis Approach

Adeola E. Adetayo (Department of Business Administration, Olabisi Onabanjo University, Ago–Iwoye, Ogun State, Nigeria)
Adebiyi J. Abosede (Department of Business Administration, Olabisi Onabanjo University, Ago–Iwoye, Ogun State, Nigeria)
Moruff S. Oladimeji (Department of Business Administration, Olabisi Onabanjo University, Ago–Iwoye, Ogun State, Nigeria)
Waliu M. Adegbite (Department of Industrial Relations & Personnel Management, Olabisi Onabanjo University, Ago–Iwoye, Ogun State, Nigeria)



Article Info

Publish Date
30 Apr 2025

Abstract

Sustainability beyond the incubation period is a major challenge for small and medium-sized enterprises (SMEs), hindering their potential for job creation and economic growth. Research shows that market orientation can significantly impact SMEs' sustainability, but there is limited evidence on how its dimensions contribute, individually and collectively, to long-term success, especially in developing countries like Nigeria. This study explores how different dimensions of market orientation contribute to the sustainability of SMEs in Nigeria. A total of 228 SME owners and managers were selected in Ogun State using a non-parametric sampling approach. Importance-Performance Map Analysis (IPMA) was used to evaluate how each dimension of market orientation contributes to SME sustainability. The results show that market responsiveness has the highest performance score of 69.18 and an importance score of 0.276. Intelligence dissemination has a performance score of 71.16 but is not a key determinant, with a negative importance score of -0.123. Competitor orientation, customer orientation, inter-functional coordination, market responsiveness, and value creation are all in the fourth quadrant, emphasizing their importance for SME sustainability. This study suggests SME owners prioritize high-importance and performance dimensions and improve those with lower levels for sustainability.

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Journal Info

Abbrev

ijsmebs

Publisher

Subject

Economics, Econometrics & Finance

Description

Welcome to the International Journal of Small and Medium Enterprises and Business Sustainability published by the Publishing Lembaga Penerbit Fakultas Ekonomi dan Bisnis (LPFEB) Universitas Trisakti. As its primary objective, this double-blind review and online scientific journal is dedicated to ...