Strategic Management and Business Success in Nigeria

Business success is highly dependent on competent managerial and strategic leadership. Strategic processes of managing and leading are people oriented and require strategic skills to ensure that there is proper motivation in the work environment so as to achieve increased stakeholders value. In the present global environment the need to cope with competition and other critical environmental challenges of business and management underscores the essence of strategic management and business success. The exploratory research design was employed for the study to assess the effect of strategic management on business success in Nigeria. Data generated were analyzed through the regression statistical technique, and it was found that with 1 percent increase in strategic management business success increases by 7.31 percent.