Abstract
This study examined the effect of entrepreneurial strategic renewal on the efficiency of
selected general service small and medium-sized enterprises (SMEs) in Nigeria. A descriptive
survey research design was adopted, targeting a population of 21,187 registered general
service SMEs, from which a sample size of 393 was determined using the Taro Yamane
formula. Data were collected using a structured questionnaire rated on a 5-point Likert scale
and administered through a snowball sampling technique. To test the hypothesis, simple
linear regression analysis was used at a 5% level of significance. The study result revealed
that entrepreneurial strategic renewal has a positive and significant effect on firm efficiency
(β = 0.877, p = 0.000). In conclusion, firms engaging in strategic renewal practices tend to
1.0 Introduction:
achieve higher levels of operational performance. The study therefore recommended that
SME owners and managers in Nigeria’s general service sector should regularly review and
update their business strategies to better align with market changes, which will enhance
resource use and overall productivity.