ArticlesLaw and OrderSustainable Management Strategies for Small Firms in Developing Economies.

What will be considered as a small firm will vary depending on the factors and industry being considered? The typical metrics used to determine the smallness of a firm are employee size and/or revenue. In Nigeria, according to the Companies & Allied Matters Act (CAMA) a small firm is one that is privately owned by members who hold not less than 51% of the equity between themselves, with a turnover of not more than 2 million naira or net asset value of not more than 1 million. However, other than the CAMA standard, the ‘smallness’ of a firm is subject to context.

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