Coopetition in Small Business: A Strategic Option for Down Stream Photo Industry in Kwara State
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Date
2022
Authors
Journal Title
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Publisher
Department of Accountancy, Yobe State University
Abstract
As a way of managing risk and maintaining stable income most micro and small enterprises have
engaged in forward and backward diversification as well as joint ventures and mergers. This has
introduced other dimensions to the relationships that earlier exists among companies. Hence, micro and
small enterprises In Nigeria are largely becoming multifaceted in approach and relationships. Hence, this
study examined the relationships that exist among companies in the downstream photo industries in
Kwara State with a view to proffering implementable relationship among the firms. Exploratory research
method is applied to gain better insight into the multi-faceted relationships among micro and small
enterprises in the photo industries. It is observed that acquisition of equipment,
expansion/diversification machine breakdown often results into multifaceted relationship. The study
also finds out that supportive networking approach works better than strict competition. It is also
revealed that buyers/suppliers in direct competition as well as partners in competition are the
commonest multifaceted relationships among the down streams photo industries. The study
recommends further studies into the management of the multifaceted relationships that exists among
the MSMEs in Nigeria.
Description
As a way of managing risk and maintaining stable income most micro and small enterprises have
engaged in forward and backward diversification as well as joint ventures and mergers. This has
introduced other dimensions to the relationships that earlier exists among companies. Hence, micro and
small enterprises In Nigeria are largely becoming multifaceted in approach and relationships. Hence, this
study examined the relationships that exist among companies in the downstream photo industries in
Kwara State with a view to proffering implementable relationship among the firms. Exploratory research
method is applied to gain better insight into the multi-faceted relationships among micro and small
enterprises in the photo industries. It is observed that acquisition of equipment,
expansion/diversification machine breakdown often results into multifaceted relationship. The study
also finds out that supportive networking approach works better than strict competition. It is also
revealed that buyers/suppliers in direct competition as well as partners in competition are the
commonest multifaceted relationships among the down streams photo industries. The study
recommends further studies into the management of the multifaceted relationships that exists among
the MSMEs in Nigeria.
Keywords
Citation
xviii. Toluyemi, S. T. Joloko G. B. and Salau. A. A (2022). Coopetition in small business: a strategic option for down stream photo industry in Kwara State. Yobe Journal of Accounting Research 2(2), 17-32.