This study investigated the relationship between retention effort and organizational survival of Small and Medium Enterprises (SMEs) in Nigeria. Cross sectional research design was adopted for this study. Primary data was generated through self-administered questionnaire. The population of the study was two hundred and twenty-five (225) manager and supervisors drawn from twenty-five (25) registered (with the Corporate Affairs Commission of Nigeria) and functional SMEs operating in Nigeria. Sample sizes of 134 respondents were selected out of the population using Taro Yamane’s formula. A well-structured questionnaire was used as instrument of data collection for the study. Spearman’s Rank Order Correlation was utilized in testing the stated hypotheses with the aid of Statistical Package for Social Sciences (SPSS version 23.0). The study findings revealed that there is a significant relationship between retention effort and organizational survival of Small and Medium Enterprises (SMEs) in Nigeria. The study therefore concludes that retention Nigeria. Finally, the study recommends that the management of Small and Medium Enterprises (SMEs) in Nigeria should concentrate on the enhancement of training and retention efforts of their organizations as way of promoting the survival of their organizations.
Retention Effort, Organizational Survival, Situational Awareness, Adaptability, Innovativeness
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