To ensure that the sample drawn from the above sampling institutions are proportionate and scientific rather than
arbitrary, Bowley‟s formula for sample distribution given thus: n = xh/N. Where n = Distributed sample, x =
Number of staff from each bank, h = Sample from population, N = Population of study. With the formula, the
sample was distributed as shown in Table 1. Consequently, a total of 230 copies of questionnaire were developed
and served to respondents, out of which a total of 223 copies were returned correctly and completely filled by
respondents. The response rare being 96.96% very significant and was adjudged a fair representation of the
sample and the population.
2.3.2 Measurement and Scoring of Instrument
The instrument was scored and rated on a five point Likert Scale thus: Strongly Agreed (SA) = 5; Agreed (A) = 4;
Undecided (UD) = 3; Disagree (D) = 2; Strongly Disagree (SD) = 1. The method of data technique used for this
study was Pearson Product Moment correlation (PPMC) statistics denoted by „r‟ and simple percentage
frequency statistics. While PPMC was used to test the hypothesis, the simple percentage frequency statistics was
used to treat the various research questions.
2.3.3 Research Design
In this study, a survey research design was employed in collecting data for analysis. By this design, the
researcher was able to contact the respondents one on one for first-hand information on the subject matter.
3. Results
The investigation and analysis carried out in this study have shown that strategic management approach is a
strategic measure to revitalising SMEs growth strategies for profitable and sustainable growth. For specificity,
discussion are done in line with each objective. In other words, for purposes of clarity and avoidance of
ambiguity in the findings of the report, each research objective is restated and findings made in that truce are
mentioned and discussed accordingly.
3.1 Statistics and Data Analysis